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NIFTY 11 NOVEMBER 2021 : Nifty is likely to face resistance at 18100 levels. Break below 17930 could invite bears.

 


Good morning friends, 

Yesterday also we saw a gain but then it slipped from higher levels again. The high was again lower than 18100 levels. 

This is confirming the resistance of 18100. Now we have weekly derivative expiry. Technical sense is that if it breaks 17930 then we can see a remarkable dip. This dip could be around 17850 to 17800 levels. 

I suggest it is going to be volatile to highly 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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