Nifty 50 - Analysis

Home

NIFTY 25 NOVEMBER 2021 : No bounce can sustain below 17600. It is preparing for 16800 levels.

 


Good morning friends, 

Nifty faced resistance at 17600 levels and slipped. What a slip it was. It has given edge to bears. Now we have two meaningful support. One is at 17230 then at phycological 17000 and then at 16800 levels. 

On higher side even 17500 may act as stiff resistance. Final resistance is at 17600. If it can sustain above 17600 then only we will have some words for bulls. 

Today is monthly expiry and it is interesting to see. It is looking like we may get continuation of sell off. 

Regards, 

Praveen Kumar

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…
NextGen Digital... Welcome to WhatsApp chat
Howdy! How can we help you today?
Type here...