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NIFTY 22 OCTOBER 2021 : Very likely to rebound till 18259 and then 18340.

 


Good morning Friends, 

Nifty get a support at 18050 levels and rebounded. This rebound was really impressive. Right now Nifty is looking better for a round based on momentum. This market still has bullish undertone and we are likely to see higher levels today. 

Two levels that comes in the chart is 18259 and then we can expect a sharp rise till 18340 levels. 

Well, can we expect a new all time high again?

Fine, I cannot deny the possibilities. 

I do not suggest shorting today at levels. 

Happy Trading. 

I’m Praveen Kumar, a seasoned Technical Analyst and stock market trader with over 25 years of experience in the Indian equity and derivatives markets. My passion for numbers and patterns led me to a dual career as a Mathematics Teacher and market technician. I specialize in Technical Analysis, with deep expertise in Elliott Wave Theory, derivatives strategies, and market forecasting. Over the years, my analysis and market views have been featured on NDTV Profit as a financial guest, along with published articles on reputed financial web portals, sharing insights on Nifty 50, Bank Nifty, and stock market trends. As a trader and analyst, I focus on interpreting price action, chart patterns, wave counts, and technical indicators to deliver precise market levels and actionable trade ideas. My approach blends classical charting with modern analysis tools to help traders navigate market volatility. Through VieCapital, I aim to share daily market analysis, trading strategies, and educatio…
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