SGX Nifty is trading down by 47pts at 18,433.
US Tech Stocks witness profit bookings as Nasdaq touched the key psychological level of 12,000.
The dip to 11,500-11,600 will be the retest of bullish head & shoulder pattern breakout, the resumption in bullish from the mentioned zone may take index to 12,500-13,000 levels in next 3-5weeks.
Nifty is hovering in the narrow range indicating the lack of momentum.
The break of 18,234 or 18,518 will be crucial for either side trending move. The Option Writers can enjoy the Strangle shorts within this range.
#SGXNifty
#KeepItSimple
US Tech Stocks witness profit bookings as Nasdaq touched the key psychological level of 12,000.
The dip to 11,500-11,600 will be the retest of bullish head & shoulder pattern breakout, the resumption in bullish from the mentioned zone may take index to 12,500-13,000 levels in next 3-5weeks.
Nifty is hovering in the narrow range indicating the lack of momentum.
The break of 18,234 or 18,518 will be crucial for either side trending move. The Option Writers can enjoy the Strangle shorts within this range.
#SGXNifty
#KeepItSimple
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IT Index to Outperform Nifty50 – signals Sine Wave Indicator
The short-covering rally in the US tech stocks triggered the bullish momentum for Nasdaq from ~10,700 levels to 12,000.
Indian IT index, a follower of the Nasdaq witnessed bullish momentum in the last few weeks and is up by ~14% from the recent low of 26,186.
The Tide is turning Bullish
On the weekly ratio chart of Nifty IT Index / Nifty50, the ratio has reversed after testing the previous breakouts. The resistance has turned support on the charts (marked green).
The ratio heading northwards means an outperformance of IT Index over Nifty 50.
The sine wave indicators on charts signal the IT index is likely to outperform over Nifty 50 in the coming weeks.
The 62 weeks sine wave (blue) and 27 weeks (red) indicate an end of bearish trend on chart.
As per the indicator, the slope of blue & red line heading northwards is a sign of bullish scenario and the reversal on the ratio chart signals an outperformance for IT stocks.
#ITIndex
#KeepItSimple
The short-covering rally in the US tech stocks triggered the bullish momentum for Nasdaq from ~10,700 levels to 12,000.
Indian IT index, a follower of the Nasdaq witnessed bullish momentum in the last few weeks and is up by ~14% from the recent low of 26,186.
The Tide is turning Bullish
On the weekly ratio chart of Nifty IT Index / Nifty50, the ratio has reversed after testing the previous breakouts. The resistance has turned support on the charts (marked green).
The ratio heading northwards means an outperformance of IT Index over Nifty 50.
The sine wave indicators on charts signal the IT index is likely to outperform over Nifty 50 in the coming weeks.
The 62 weeks sine wave (blue) and 27 weeks (red) indicate an end of bearish trend on chart.
As per the indicator, the slope of blue & red line heading northwards is a sign of bullish scenario and the reversal on the ratio chart signals an outperformance for IT stocks.
#ITIndex
#KeepItSimple
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SGX Nifty trades higher with 63points at 18,438 📈
US markets traded in the narrow range of 1%.
After the sell-off on Weekly Expiry Day on D-Street, will the bulls awaken to take Nifty higher?
The zone of 18,234-18,516 needs to be taken out in Nifty for next leg of momentum.
As volatility is low so are the premiums, the writer's are dependent on theta as index trades in the range.
#SGXNifty
#KeepItSimple
US markets traded in the narrow range of 1%.
After the sell-off on Weekly Expiry Day on D-Street, will the bulls awaken to take Nifty higher?
The zone of 18,234-18,516 needs to be taken out in Nifty for next leg of momentum.
As volatility is low so are the premiums, the writer's are dependent on theta as index trades in the range.
#SGXNifty
#KeepItSimple
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The lackluster week on D-street ends on a flat note; Nifty ends at 18,307 losing 0.2%.
It was the Option Writer’s week as Nifty hovers in the range of ~1% during the week, the derivative structure indicates the range-bound week ahead as the range narrows as per OI table.
Bank Nifty is likely to witness the bullish momentum towards the 43,000-43,290 zone next week, the dips to 41,874-42,036 can be the entry level for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
It was the Option Writer’s week as Nifty hovers in the range of ~1% during the week, the derivative structure indicates the range-bound week ahead as the range narrows as per OI table.
Bank Nifty is likely to witness the bullish momentum towards the 43,000-43,290 zone next week, the dips to 41,874-42,036 can be the entry level for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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Forwarded from Equitymaster
Mihir Vora on GARP Investing
Mihir Vora is a ‘growth at a reasonable price (GARP)’ stock picker. He is always thinking where he can find growth...and how he can get to ride it in a way that ends in potentially large profits.
Fortunately for his investors, he does this quite often!
I talk to Mihir about his journey, his GARP approach, and as always about portfolio construction and asset allocation.
Listen in... https://youtu.be/nUmZpf42iVY
Recent editions of the Investor Hour...
Nilesh Shah on Destiny, Doing the Right Thing and the Big Indian Investment Opportunity
Vijay Kedia on Betting Big on Stocks
Manish Sabharwal on India’s 25-Year Economic Bull Run
Mihir Vora is a ‘growth at a reasonable price (GARP)’ stock picker. He is always thinking where he can find growth...and how he can get to ride it in a way that ends in potentially large profits.
Fortunately for his investors, he does this quite often!
I talk to Mihir about his journey, his GARP approach, and as always about portfolio construction and asset allocation.
Listen in... https://youtu.be/nUmZpf42iVY
Recent editions of the Investor Hour...
Nilesh Shah on Destiny, Doing the Right Thing and the Big Indian Investment Opportunity
Vijay Kedia on Betting Big on Stocks
Manish Sabharwal on India’s 25-Year Economic Bull Run
YouTube
Mihir Vora on GARP Investing | Investor Hour
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/a8A3L
Mihir Vora’s ‘growth at a reasonable price (GARP)’ approach to stock picking has catapulted him to great heights in the world of money management.
Mihir Vora is a ‘growth…
Mihir Vora’s ‘growth at a reasonable price (GARP)’ approach to stock picking has catapulted him to great heights in the world of money management.
Mihir Vora is a ‘growth…
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Stock Market Update - SGX Nifty Down 82 Points | Export Duty Scrapped on Iron Ore, Steel | Zomato's Third High-Profile Exit | Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Ha67P
Top cues to track in today's stock market session.
http://www.eqtm.in/Ha67P
SGX Nifty trades 50points higher at 18,255 📈
Global indices trades in the narrow range yesterday while Nifty too hovers in the range of 2%.
Derivative structure indicates the range of 18,000-18,500 till F&O expiry (Thursday).
The rebound in WTI Crudeoil from key support area of $75 yesterday will be important to watch for equity indices.
The range for Nifty is 18,079 - 18,326. Intraday traders can look to buy around 18,100 and sell around 18,300.
#SGXNifty
#KeepItSimple
Global indices trades in the narrow range yesterday while Nifty too hovers in the range of 2%.
Derivative structure indicates the range of 18,000-18,500 till F&O expiry (Thursday).
The rebound in WTI Crudeoil from key support area of $75 yesterday will be important to watch for equity indices.
The range for Nifty is 18,079 - 18,326. Intraday traders can look to buy around 18,100 and sell around 18,300.
#SGXNifty
#KeepItSimple
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Nifty - Bullish Harmonic
SGX Nifty indicated a positive opening of over 50points, but the Indian traders have different plans.
After opening in marginal green, the index slipped towards yesterday’s low, showing signs of reversals.
The Reversal Pattern at 200EMA
The Bullish Anti-Shark harmonic pattern is visible on short—term chart (30mins) of Nifty.
The reversal pattern is completed at 200EMA (Exponential Moving Average) on 30mins indicating the reversal from the support area.
Intraday traders can buy the dips and look for 18,245-18278 levels.
(CMP-18,180)
#Nifty
SGX Nifty indicated a positive opening of over 50points, but the Indian traders have different plans.
After opening in marginal green, the index slipped towards yesterday’s low, showing signs of reversals.
The Reversal Pattern at 200EMA
The Bullish Anti-Shark harmonic pattern is visible on short—term chart (30mins) of Nifty.
The reversal pattern is completed at 200EMA (Exponential Moving Average) on 30mins indicating the reversal from the support area.
Intraday traders can buy the dips and look for 18,245-18278 levels.
(CMP-18,180)
#Nifty
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My colleague and head of smallcap research at Equitymaster, Richa Agarwal, has zeroed in on her Top 3 Stocks for 2023.
Richa believes these are the 3 Smallcap stocks that every Indian should consider owning.
She revealed details of these stocks at her recent online event.
I will highly recommend you watch this special recording of the event to get all the details.
You can click the link below to watch now
Richa believes these are the 3 Smallcap stocks that every Indian should consider owning.
She revealed details of these stocks at her recent online event.
I will highly recommend you watch this special recording of the event to get all the details.
You can click the link below to watch now
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Forwarded from Small Cap Fortunes with Richa Agarwal
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PSU Bank Stocks Are Rising. What Next?
The PSU Bank index has broken out of the falling trendline indicating an end to the 12-year-long bearish trend.
http://www.eqtm.in/Yb36H
The PSU Bank index has broken out of the falling trendline indicating an end to the 12-year-long bearish trend.
http://www.eqtm.in/Yb36H
Equitymaster
PSU Bank Stocks Are Rising. What Next?
The PSU Bank index has broken out of the falling trendline indicating an end to the 12-year-long bearish trend.
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Is the Adani Rally Running Out of Steam?
Adani stocks were on fire for a long time. But is the rally over now?
http://www.eqtm.in/Pa8w5
Adani stocks were on fire for a long time. But is the rally over now?
http://www.eqtm.in/Pa8w5
Equitymaster
Is the Adani Rally Running Out of Steam? - Fast Profits Daily by Equitymaster
Adani stocks were on fire for a long time. But is the rally over now?
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SGX Nifty indicates Gap-up opening of 60pts at 18,350 as global markets rally over a percent.
Dow Jones reclaims 34,000 marks and trends bullish. The support of 33,200 held by bulls signals the strength in the momentum. Watch chart here https://t.me/FastProfitsReport/1039
Nifty spot above 18,300 may witness short covering rally in 18300CE taking index higher.
#SGXNifty
Dow Jones reclaims 34,000 marks and trends bullish. The support of 33,200 held by bulls signals the strength in the momentum. Watch chart here https://t.me/FastProfitsReport/1039
Nifty spot above 18,300 may witness short covering rally in 18300CE taking index higher.
#SGXNifty
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