NIFTY 27 SEPTEMBER 2023 : I say, as long as 19600 holds we can hope for recovery but unless it breaks it will be choppy.

Hello everyone,

So far the market is dead near support of 19600 levels. There are a few important points to notice for today's trade. Be optimistic only till it holds 19600 levels.

If it breaks 19600 then we can hope for 19500 to 19450 levels. On the higher side, we can see stiff resistance emerging at 19740 to 19760 levels.

It is very much possible that Nifty has entered the zone of consolidation and we can expect choppy trades still next month.

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…

Nifty 50 - Analysis

NIFTY 27 SEPTEMBER 2023 : I say, as long as 19600 holds we can hope for recovery but unless it breaks it will be choppy.

NIFTY 18 OCTOBER 2023 : Look like downside is limited but still expect choppy moves before it shoot up higher. Decisive 19850 and 19930.

30 July 2018: Nifty Elliott wave analysis: As expected it hits a new life time and expected to hit 11450 levels.

NIFTY & BANK NIFTY 14 APRIL 2022 : Watch out for 17400 levels very carefully, If breaks it can come to the levels of 17200.

20 June 2018: Nifty Elliott wave analysis: Relative strength is due to Reverse H&S pattern. Hope DJIA does not crack further.

BANKNIFTY FUTURE CHART ANALYSIS

NIFTY 27 SEPTEMBER 2023 : I say, as long as 19600 holds we can hope for recovery but unless it breaks it will be choppy.

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