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NIFTY 10 NOVEMBER 2021 : Facing resistance at 18100 levels, Nifty is likely to move around 17850 to 17700 levels.


 Good morning friends, 

Yesterday was a day of confusion that run whole day but biasing remains bearish. Now, it is likely to take gap down opening. 

Well, will this gap down invite some bounce? It should give us a bounce but that's not compulsory. Even if it comes then also it may fail at 18000 levels. 

It is looking like trend is changing for medium term at least. If that happens then it is a bad news for market. I suggest do not attempt long trade today even in dip because it may go dicey at every levels. 

Be careful, I am expecting unprecedented volatility. 

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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