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NIFTY 27 OCTOBER 2021 : If it sustain above 18320 then 18500 may be on hit. Be cautious near 18300.


 Good morning friends, 

I was expecting 18250 levels and then a dip. We got same yesterday but bounce has pleasantly surprise me in closing hour. It seems that intensified buyers are back. 

Current chart pattern is suggesting that if Nifty can sustain above 18320 then we can expect 18500+ levels. Who knows if we can get a new all time high also. 

So 18320 is crucial. It will act as make or break levels. So it safer to be cautious at higher levels near 18300 levels. Let it cross 18320. 

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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