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NIFTY 03 NOVEMBER 2021 : Weekly expiry can be extremely volatile to down before Diwali trading.

 


Good morning friends, 

Nothing is impossible in stock market. When it was looking like never fall market, it slipped. Now, It is not moving above 18000 and giving every indication of dip. We have weekly derivative expiry today and tomorrow will be Diwali holiday. 

I am not quoting any levels as support. It is looking as Nifty may not cross above 17960 and then it can slip to test 17650 to 17600 levels sooner or later. 

What's for bulls?

Fine, first indication to buy can come only above 17960. Any rise above 17960 can sustain. It is very unlikely to happen but this is a possibility. 

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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