US Markets traded on a flat note while Indian markets continue to hit new highs. Is the Santa rally coming to the US?
SGX Nifty is trading at 18,744, down by 14 points. The index is trading in the traditional 5-waves of Elliot Wave theory which is likely to head towards 18,885 before the pullback.
The King, Reliance is warming up for the big rally as indicated by Nifty Energy Index. Watch the video as Why I believe Energy and Oil & Gas can be the best trade here. Watch here
Are you missing the rally in Railway stocks? Has the rally ended? Too many questions on Railway stocks. Your questions are answered in this article. Read here
#PreMarket
#SGXNifty
SGX Nifty is trading at 18,744, down by 14 points. The index is trading in the traditional 5-waves of Elliot Wave theory which is likely to head towards 18,885 before the pullback.
The King, Reliance is warming up for the big rally as indicated by Nifty Energy Index. Watch the video as Why I believe Energy and Oil & Gas can be the best trade here. Watch here
Are you missing the rally in Railway stocks? Has the rally ended? Too many questions on Railway stocks. Your questions are answered in this article. Read here
#PreMarket
#SGXNifty
👍21❤1
Bulls pedalling the Metal Stocks 📈
The metals stocks were consolidating after the stellar rally from 5,800 to 6,600 on the Metals Index.
The index consolidated in the last couple of weeks between 6,500 to 6,350 and it's breaking out in today's session.
The Rectangle Breakout 📈
Technically, the breakout of the rectangle pattern is visible on the short-term chart of the Metals Index.
The 2-hours or 120mins chart above highlights the breakout on the price as well as the oscillator.
In the lower panel of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend is breaking out of its previous multiple highs.
Buying the Outperformer 💪🏻
As the index is breaking out and the momentum is likely to head northwards and the outperforming stocks in the metals space may continue to head higher.
(CMP-6,518)
#MetalsStock
#KeepItSimple
The metals stocks were consolidating after the stellar rally from 5,800 to 6,600 on the Metals Index.
The index consolidated in the last couple of weeks between 6,500 to 6,350 and it's breaking out in today's session.
The Rectangle Breakout 📈
Technically, the breakout of the rectangle pattern is visible on the short-term chart of the Metals Index.
The 2-hours or 120mins chart above highlights the breakout on the price as well as the oscillator.
In the lower panel of the chart, the Relative Strength Index (RSI) oscillator which measures the strength of the trend is breaking out of its previous multiple highs.
Buying the Outperformer 💪🏻
As the index is breaking out and the momentum is likely to head northwards and the outperforming stocks in the metals space may continue to head higher.
(CMP-6,518)
#MetalsStock
#KeepItSimple
👍20❤5
Fast Profits Daily
Nifty - Let's Hit the New ATH, Come-on Bulls 📈 The index opens on a negative note but bulls are buying from the word Go. Technically, the rounding pattern breakout is visible on charts and the index has retested the breakout level (orange horizontal lines)…
This media is not supported in your browser
VIEW IN TELEGRAM
❤15👍8👏4
BankNifty to Bulls - Abhi Hum Zinda Hai 📈😊
BankNifty has been in mute mode in the last couple of trading sessions while Nifty is hitting an all-time high.
The last hour's bullish momentum triggers the breakout from the bullish pennant technical pattern.
The Bullish Pennant is the continuation pattern. After the rally, the instrument consolidates in the form of a symmetrical triangle pattern. The breakout signals the resumption of the bullish momentum.
The breakout reminded me of the dialogue from the movie Welcome - "Abhi hum Zinda hai" by Late Firoz Khan.
The pattern suggests the target is above 44,000 levels while it negates below 42,800.
#BankNifty
#KeepItSimple
BankNifty has been in mute mode in the last couple of trading sessions while Nifty is hitting an all-time high.
The last hour's bullish momentum triggers the breakout from the bullish pennant technical pattern.
The Bullish Pennant is the continuation pattern. After the rally, the instrument consolidates in the form of a symmetrical triangle pattern. The breakout signals the resumption of the bullish momentum.
The breakout reminded me of the dialogue from the movie Welcome - "Abhi hum Zinda hai" by Late Firoz Khan.
The pattern suggests the target is above 44,000 levels while it negates below 42,800.
#BankNifty
#KeepItSimple
👍29❤3👎1
The bulls roared in the last hour taking the Nifty above 18,800; ends at 18,758 gaining 0.75%.
The Midcap index has broken out a symmetrical triangle pattern. December can be the month for Midcaps. Add these midcap stocks to your watchlist for the next leg of a bullish trend in the Midcap index. Watch here
BankNifty can lead the rally in the second half of the week as it breaks out of the bullish pennant pattern; the target can be 44,000+. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The Midcap index has broken out a symmetrical triangle pattern. December can be the month for Midcaps. Add these midcap stocks to your watchlist for the next leg of a bullish trend in the Midcap index. Watch here
BankNifty can lead the rally in the second half of the week as it breaks out of the bullish pennant pattern; the target can be 44,000+. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍18❤3👎1
The US markets rallied in the last hour after Federal Reserve Chair Jerome Powell said the pace of its interest rate hikes will be slower from December.
The US Tech stocks rallied as Nasdaq gains 4.6%. I believe the Nasdaq has bottomed out and Indian IT stocks can benefit from the short-covering rally in Nasdaq. Watch my video here
SGX Nifty indicates the opening around the 19,000 mark in sync with the US markets.
Who will lead the day?
I believe it's time for Bank Nifty to lead the way as it breaks out of the bullish pennant pattern. Chart here
#SGXNifty 18,992
#PreMarket
The US Tech stocks rallied as Nasdaq gains 4.6%. I believe the Nasdaq has bottomed out and Indian IT stocks can benefit from the short-covering rally in Nasdaq. Watch my video here
SGX Nifty indicates the opening around the 19,000 mark in sync with the US markets.
Who will lead the day?
I believe it's time for Bank Nifty to lead the way as it breaks out of the bullish pennant pattern. Chart here
#SGXNifty 18,992
#PreMarket
👍26❤4👎1
Fast Profits Daily
BankNifty to Bulls - Abhi Hum Zinda Hai 📈😊 BankNifty has been in mute mode in the last couple of trading sessions while Nifty is hitting an all-time high. The last hour's bullish momentum triggers the breakout from the bullish pennant technical pattern.…
Bank Nifty - Do Not Miss This 📈
👍31👎4
The bulls hit the new high of 18,887 on Nifty but the lackluster momentum on the weekly expiry day kept the index in the range; ends at 18,812 gaining 54 points.
Bulls need to surpass today’s high on Nifty to gain bullish momentum as the sellers were active after the first hour.
The pennant breakout on Bank Nifty was retested during the day offering the low-risk, high-reward setup to longs; the pattern negates below 42,789.
Midcap index has broken out of the triangle pattern and is likely to outperform in the Santa rally.
Brijesh Bhatia
Research Analyst, Fast Profits Report
Bulls need to surpass today’s high on Nifty to gain bullish momentum as the sellers were active after the first hour.
The pennant breakout on Bank Nifty was retested during the day offering the low-risk, high-reward setup to longs; the pattern negates below 42,789.
Midcap index has broken out of the triangle pattern and is likely to outperform in the Santa rally.
Brijesh Bhatia
Research Analyst, Fast Profits Report
👍29❤3👎1
SGX Nifty indicates negative opening of 60points at 18,913 as US markets ends on negative note.
Asian indices trade mix in the morning.
Intraday traders need to cross yesterday's high of 18,887 on Nifty for next leg of bullish momentum. On the other side of table, the bears will attack on breach of 18,674.
BankNifty can be the trade for bulls with the negative opening. The bullish pennant breakout has been retested yesterday. The dip today can be an opportunity for bulls till 42,730 is protected.
Midcap Index too broke out from symmetrical triangle pattern. Investors should focus on to the outperforming Midcap stocks.
#SGXNifty
#PreMarket
Asian indices trade mix in the morning.
Intraday traders need to cross yesterday's high of 18,887 on Nifty for next leg of bullish momentum. On the other side of table, the bears will attack on breach of 18,674.
BankNifty can be the trade for bulls with the negative opening. The bullish pennant breakout has been retested yesterday. The dip today can be an opportunity for bulls till 42,730 is protected.
Midcap Index too broke out from symmetrical triangle pattern. Investors should focus on to the outperforming Midcap stocks.
#SGXNifty
#PreMarket
👍35👎3❤1
MidCap Index - Increase Weights in MidCap Stocks
As Nifty50 hits new all-time high in the early this week, the MidCap index is too gaining the bullish momentum.
Index has broken out of the symmetrical triangle pattern as the sentiments turns bullish on D-street.
Midcap Index is likely to outperform Nifty50 for next couple of months
#MidcapIndex
#KeepItSimple
As Nifty50 hits new all-time high in the early this week, the MidCap index is too gaining the bullish momentum.
Index has broken out of the symmetrical triangle pattern as the sentiments turns bullish on D-street.
Midcap Index is likely to outperform Nifty50 for next couple of months
#MidcapIndex
#KeepItSimple
👍27❤5👎1
Forwarded from Equitymaster
This week on the Investor Hour...
Sumeet Nagar of Malabar Investments.
Sumeet’s amazing track record in the smallcap and midcap space is no fluke.
He has a solid decision-making process on which stocks to buy, how much to buy, and, equally importantly, when to sell.
We dig into each of these aspects. We also talk asset allocation, on India’s prospects, and new age tech stocks.
Watch here - https://youtu.be/yAAM3jcgOPQ
Sumeet Nagar of Malabar Investments.
Sumeet’s amazing track record in the smallcap and midcap space is no fluke.
He has a solid decision-making process on which stocks to buy, how much to buy, and, equally importantly, when to sell.
We dig into each of these aspects. We also talk asset allocation, on India’s prospects, and new age tech stocks.
Watch here - https://youtu.be/yAAM3jcgOPQ
YouTube
Sumeet Nagar on Making it Big with Small & Midcap Stocks | Investor Hour
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/a8A3L
Sumeet Nagar’s amazing track record in the smallcap and midcap space is no fluke.
He has a solid decision-making process on which stocks to buy, how much to buy, and…
Sumeet Nagar’s amazing track record in the smallcap and midcap space is no fluke.
He has a solid decision-making process on which stocks to buy, how much to buy, and…
👍3
Asian markets trades higher; SGX Nifty indicates positive opening of 38pts at 18,862.
BankNifty likely to lead the next leg of bullish momentum. Watch here
It's time to buy the Midcap stocks as the Midcap Index breaks out of symmetrical triangle.
#Pre-Market
#SGXNifty
BankNifty likely to lead the next leg of bullish momentum. Watch here
It's time to buy the Midcap stocks as the Midcap Index breaks out of symmetrical triangle.
#Pre-Market
#SGXNifty
👍18👎1
Dow Jones fell by 1.40% while Nasdaq fell the most by 1.93%as Tesla falls over 6%.
Asian Indices trade on a flat note while SGX Nifty trades down by 67 points at 18,743.
The first-hour selling yesterday lacked the follow-up seller while the buyers reclaimed 18,700 on Nifty.
The range of 18,574-18,742 will be the deal breaker for bulls and bears on Nifty.
Bank Nifty was stronger in yesterday's session as it ended positively with gains of 0.53%. Traders should buy the dip with the stop-loss of 42,724 considering the target of 44,000+ in the coming days as per the bullish pennant pattern.
Short-term traders are betting on Realty stocks as they break out of technical patterns; are you missing the rally?
Metals index hits a new all-time high of 6,385. What are you buying?
Watch my video on "The Best Metals Stocks to Buy?" Click here
Metals and Realty are the stock to watch today in the dip.
#Pre-Market
#SGXNifty
Asian Indices trade on a flat note while SGX Nifty trades down by 67 points at 18,743.
The first-hour selling yesterday lacked the follow-up seller while the buyers reclaimed 18,700 on Nifty.
The range of 18,574-18,742 will be the deal breaker for bulls and bears on Nifty.
Bank Nifty was stronger in yesterday's session as it ended positively with gains of 0.53%. Traders should buy the dip with the stop-loss of 42,724 considering the target of 44,000+ in the coming days as per the bullish pennant pattern.
Short-term traders are betting on Realty stocks as they break out of technical patterns; are you missing the rally?
Metals index hits a new all-time high of 6,385. What are you buying?
Watch my video on "The Best Metals Stocks to Buy?" Click here
Metals and Realty are the stock to watch today in the dip.
#Pre-Market
#SGXNifty
❤15👍9👎1
Nifty - Tug-of-War in this Range
The index witnessed profit bookings from the high of 18,887 to 18,591 while SGX Nifty is indicating a negative opening.
Technically, the bulls have an excellent opportunity in the dip as the multiple technical structure signals 18,452 a do-or-die level.
1. The rising trendline (brown)
2. 34EMA (orange)
3. The range of 18,590-18,730
The break above 18,750 will signal the swing low as the short-term bottom and bulls can look to buy with the stop-loss of the lows.
The bears can attack only on the breach of 18,450.
#Nifty
#KeepItSimple
The index witnessed profit bookings from the high of 18,887 to 18,591 while SGX Nifty is indicating a negative opening.
Technically, the bulls have an excellent opportunity in the dip as the multiple technical structure signals 18,452 a do-or-die level.
1. The rising trendline (brown)
2. 34EMA (orange)
3. The range of 18,590-18,730
The break above 18,750 will signal the swing low as the short-term bottom and bulls can look to buy with the stop-loss of the lows.
The bears can attack only on the breach of 18,450.
#Nifty
#KeepItSimple
👍37❤1👎1
US markets fell over a percent for consecutive days; Asian markets trades flat. SGX Nifty is trading down by 25 points at 18,727.
On Dow Jones hourly chart, the breakdown of the rising megaphone pattern indicates the bears are having the upper hand in momentum. The 33,000 will be key to watch this week as 200HEMA is placed at 33,231. Chart here
The bulls managed to hold the minor support of ~18,550 at the rising trendline followed by the range support.
The volatility can be on cards with the Gujarat election results being declared tomorrow. Additionally, we have weekly expiry for Nifty and Bank Nifty too. It is advisable to keep the size of your position lower or hedge to avoid risk.
Intraday traders should wait for the break of 18,550-18,750 on Nifty before initiating the trade.
Who will win the election in Gujarat?
👍🏻 BJP
👏🏻 Congress
❤️ AAP
On Dow Jones hourly chart, the breakdown of the rising megaphone pattern indicates the bears are having the upper hand in momentum. The 33,000 will be key to watch this week as 200HEMA is placed at 33,231. Chart here
The bulls managed to hold the minor support of ~18,550 at the rising trendline followed by the range support.
The volatility can be on cards with the Gujarat election results being declared tomorrow. Additionally, we have weekly expiry for Nifty and Bank Nifty too. It is advisable to keep the size of your position lower or hedge to avoid risk.
Intraday traders should wait for the break of 18,550-18,750 on Nifty before initiating the trade.
Who will win the election in Gujarat?
👍🏻 BJP
👏🏻 Congress
❤️ AAP
👍241❤12👏5👎2
US markets trades flat to negative yesterday; Nasdaq fell the most with loss of 0.45%.
SGX Nifty indicates the flat opening at 18,665.
Indian markets are likely to be volatile due to state election results; avoid leveraging.
On Nifty, the break of 18,442-18,735 will the trend decider for December month.
#PreMarket
#SGXNifty
SGX Nifty indicates the flat opening at 18,665.
Indian markets are likely to be volatile due to state election results; avoid leveraging.
On Nifty, the break of 18,442-18,735 will the trend decider for December month.
#PreMarket
#SGXNifty
👍30❤2👎1