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NIFTY 22 APRIL 2025 - Sense that 24242 may remains the top for now.

 


Hello everyone, 

We saw a high of 24242 and I have some sense to say that this high will remain a top for now if fails to cross above by today itself. Even though, we may see high here and there only in the vicinity of 24250 levels. 

One can easily observe the RSI divergence on 15 minutes charts. First support will be 24140 and then at 24050 to 24000 levels. Let us see. 

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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