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NIFTY 17 NOVEMBER 2021 : Keep an eye on 17900 levels. If it breaks then we can see anther big intraday slip.


 Good morning friends, 

Now a day it is better to analyze with hourly chart. Above it same and it is showing support at 17900. Big question is will it test 17900?

Technical sense is that it will test 17900 and then it will be make or break levels. It is rebound from 17900 or say 17930 or say 17890, it can sustain for one bounce. 

Suppose it is fail at 17900 then it will go to hit 17800 to 17750 levels. 

Once again, it seems that 10 am is going to crucial as most of the directive move comes afterwards. 

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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