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
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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
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SGX Nifty indicates the negative opening of around 70points at 18,520.
The sell-off on Friday was halted at support area. With the negative opening, if bulls manage to hold 18,389 in the first hour of the day, we may see an upside momentum in the second half.
BankNifty is outperforming and should be bought on dip to 43,400-43,500.
In cash stocks, PSU Banks can be the trade for December series.
#PreMarket
#SGXNifty
The sell-off on Friday was halted at support area. With the negative opening, if bulls manage to hold 18,389 in the first hour of the day, we may see an upside momentum in the second half.
BankNifty is outperforming and should be bought on dip to 43,400-43,500.
In cash stocks, PSU Banks can be the trade for December series.
#PreMarket
#SGXNifty
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Nifty – Reversal from Angel’s Number
Do you know – 18,888 is an angel number and an important cycle or phase is about to end as per numerologists?
Nifty hit the high of 18,887.60, rounding it to 18,888 and that may act as a major hurdle for bulls now.
On the hourly chart, index is trading at a support area of 18-365-18,416 and the last hour’s bullish momentum indicates the bulls are grabbing an opportunity at the support zone.
The Relative Strength Index - RSI slope has turned northwards from 30, an oversold zone indicating the resumption of bullish momentum.
Stochastic – the momentum indicator too indicating the bullish trade for the day. The positive crossover strengthens the day trader’s setup.
In the negative opening, watch out for 18,365-18,415 in the first hour of the day.
#Nifty
#KeepItSimple
Do you know – 18,888 is an angel number and an important cycle or phase is about to end as per numerologists?
Nifty hit the high of 18,887.60, rounding it to 18,888 and that may act as a major hurdle for bulls now.
On the hourly chart, index is trading at a support area of 18-365-18,416 and the last hour’s bullish momentum indicates the bulls are grabbing an opportunity at the support zone.
The Relative Strength Index - RSI slope has turned northwards from 30, an oversold zone indicating the resumption of bullish momentum.
Stochastic – the momentum indicator too indicating the bullish trade for the day. The positive crossover strengthens the day trader’s setup.
In the negative opening, watch out for 18,365-18,415 in the first hour of the day.
#Nifty
#KeepItSimple
👍35❤3👎1
Fast Profits Daily
Nifty – Reversal from Angel’s Number Do you know – 18,888 is an angel number and an important cycle or phase is about to end as per numerologists? Nifty hit the high of 18,887.60, rounding it to 18,888 and that may act as a major hurdle for bulls now. On…
Nifty - Turning from Demand Zone 📈
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The bulls grabbed an opportunity with the negative opening; ends the day on a flat note for Nifty at 18,497.
Nifty has reversed from the demand zone of multiple support areas and positive divergence on RSI. The chart was shared in the morning. Read here
The bullish meeting line candlestick pattern is formed on the daily chart of Nifty indicating today’s low as a make-or-break for trend resumption. Can we have 19,000 soon?
Bank Nifty continue to outperform, and trending as highlighted in the video. Watch here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty has reversed from the demand zone of multiple support areas and positive divergence on RSI. The chart was shared in the morning. Read here
The bullish meeting line candlestick pattern is formed on the daily chart of Nifty indicating today’s low as a make-or-break for trend resumption. Can we have 19,000 soon?
Bank Nifty continue to outperform, and trending as highlighted in the video. Watch here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US markets rally over a percent on anticipation of positive outcome from Fed meetings and inflation data this week.
SGX Nifty is trading up by 24 points at 18,622.
The Bullish Meeting Lines candlestick reversal pattern is visible on the daily chart of Nifty yesterday; the low can be the stop-loss for bulls.
Additionally, Nifty has reversed from the multiple support zone on hourly chart with positive divergence on Relative Strength Index (RSI). Chart here
For commodity traders, WTI Crudeoil has broken below the neckline of head & shoulder pattern; any rise to retest the breakdown at $75-76 will be an opportunity to go shorts.
Equity investors can focus on the stocks benefiting from fall in Crudeoil prices.
#PreMarket
#SGXNifty
SGX Nifty is trading up by 24 points at 18,622.
The Bullish Meeting Lines candlestick reversal pattern is visible on the daily chart of Nifty yesterday; the low can be the stop-loss for bulls.
Additionally, Nifty has reversed from the multiple support zone on hourly chart with positive divergence on Relative Strength Index (RSI). Chart here
For commodity traders, WTI Crudeoil has broken below the neckline of head & shoulder pattern; any rise to retest the breakdown at $75-76 will be an opportunity to go shorts.
Equity investors can focus on the stocks benefiting from fall in Crudeoil prices.
#PreMarket
#SGXNifty
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Fast Profits Daily
https://youtu.be/-uM-_xQq1Us
BankNifty - New ATH @ 43,889.....Are you enjoying the Santa Claus Rally 📈
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Has YES Bank Bottomed?
As banking stocks are trending, Yes Bank is in bullish momentum and has rallied over 50%. But what comes next?
http://www.eqtm.in/Km29M
As banking stocks are trending, Yes Bank is in bullish momentum and has rallied over 50%. But what comes next?
http://www.eqtm.in/Km29M
Equitymaster
Has YES Bank Bottomed?
As banking stocks are trending, Yes Bank is in bullish momentum and has rallied over 50%. But what comes next?
👍20👎3
The traders cheer the new all-time high for Bank Nifty of 43,983; outperforms over Nifty in this quarter.
The ratio chart of Bank Nifty / Nifty50 has broken out of ascending triangle pattern; signaling the continuation of outperformance of Bank Nifty. Watch my Bank Nifty video here
Nifty has reversed from the support area indicating the recent swing low of 18,345 as an immediate support area. The major hurdle for bulls is 18,774-18,900.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The ratio chart of Bank Nifty / Nifty50 has broken out of ascending triangle pattern; signaling the continuation of outperformance of Bank Nifty. Watch my Bank Nifty video here
Nifty has reversed from the support area indicating the recent swing low of 18,345 as an immediate support area. The major hurdle for bulls is 18,774-18,900.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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The roller-coaster ride on Wall Street ends in green; IT stocks witnessed short-covering rally as Nasdaq ends with 1% gains.
SGX Nifty is trading up by 100 points at 18,800.
The Meeting Lines candlestick pattern followed by bullish momentum marks the short-teem bottom at 18,300.
Let's hit the 19,000 mark on Nifty with the year end rally 📈
BankNifty continues to outperform over Nifty50.
The recent breakout from ascending triangle on the ratio chart of BankNifty/ Nifty50 indicates the bulls to ride longs on BankNifty.
IT sector should be on your watchlist for day traders on the back of Nasdaq rally yesterday.
#PreMarket
#SGXNifty
#BankNifty
SGX Nifty is trading up by 100 points at 18,800.
The Meeting Lines candlestick pattern followed by bullish momentum marks the short-teem bottom at 18,300.
Let's hit the 19,000 mark on Nifty with the year end rally 📈
BankNifty continues to outperform over Nifty50.
The recent breakout from ascending triangle on the ratio chart of BankNifty/ Nifty50 indicates the bulls to ride longs on BankNifty.
IT sector should be on your watchlist for day traders on the back of Nasdaq rally yesterday.
#PreMarket
#SGXNifty
#BankNifty
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SGX Nifty - The Resurgence of Bullish Momentum
The US market witnessed the roller coaster ride yesterday after positive economic data. SGX Nifty too followed the footsteps of US markets and fell to 18,746 from the high of 18,909.
Technically, the breakout of short-term momentum is visible on 4hours chart.
1. Trendline breakout.
2. Bullish candle at breakout will act as support.
3. 50EMA is the bulls entry.
4. Index turned bullish from 61.80% Fibonacci Retracement.
The recent low and 200EMA at ~18,400 will be the trend change level.
Hey Bulls, Are you with me for 19,000?
👍 Yes
👎 No
❤️ Let's hit 19,000 in 2023
#SGXNifty
#KeepItSimple
The US market witnessed the roller coaster ride yesterday after positive economic data. SGX Nifty too followed the footsteps of US markets and fell to 18,746 from the high of 18,909.
Technically, the breakout of short-term momentum is visible on 4hours chart.
1. Trendline breakout.
2. Bullish candle at breakout will act as support.
3. 50EMA is the bulls entry.
4. Index turned bullish from 61.80% Fibonacci Retracement.
The recent low and 200EMA at ~18,400 will be the trend change level.
Hey Bulls, Are you with me for 19,000?
👍 Yes
👎 No
❤️ Let's hit 19,000 in 2023
#SGXNifty
#KeepItSimple
👍95❤22👎7👏2
Fast Profits Daily
Fast Profits Daily - My Contrarian Bet for this Decade Looking for a contrarian long-term investment? Your search ends here... http://www.eqtm.in/m4B2Z
PSU Bank Index Up by 70+% in 5 months 💰🔥
Did you Buy the stocks after our video?
👍🏻 Yes, I'm Riding it 😊
👎🏻 No, I don't trust PSU Banks 😏
❤️ Watched the Video but missed the rally 😟
Did you Buy the stocks after our video?
👍🏻 Yes, I'm Riding it 😊
👎🏻 No, I don't trust PSU Banks 😏
❤️ Watched the Video but missed the rally 😟
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Dear Valued Member,
I have big news for you.
And I haven’t been this excited about something for a long time now.
But this is special.
We have finally cracked the solution to the biggest problem our members like you had at Equitymaster.
You have been asking for this for years...
And it is finally time we reveal this to you.
Mark Your Calendar for the Tomorrow, 15th of Dec 2022, 5pm.
That is when we will make the big reveal.
Look out for an email with the subject line “INTRODUCING: Equitymaster’s Ultimate 30...” in your inbox.
Trust me, this is unlike anything we have ever done.
See you there
I have big news for you.
And I haven’t been this excited about something for a long time now.
But this is special.
We have finally cracked the solution to the biggest problem our members like you had at Equitymaster.
You have been asking for this for years...
And it is finally time we reveal this to you.
Mark Your Calendar for the Tomorrow, 15th of Dec 2022, 5pm.
That is when we will make the big reveal.
Look out for an email with the subject line “INTRODUCING: Equitymaster’s Ultimate 30...” in your inbox.
Trust me, this is unlike anything we have ever done.
See you there
👍43❤8👎2
Indian indices opened with a gap-up after the rally in the US markets yesterday; trades in the narrow range. Nifty ends at 18,660 gaining 0.28%.
Midcap and Smallcap indices are gaining momentum as they gain 0.60% and 0.71% respectively.
The banking stocks, esp. PSU banks are the talk of the town as they rally over 20% in December so far. PSU Bank index is up by 70% since my video. Watch here
Metals index has broken out of the descending triangle pattern; the traders should focus on metal stocks for the next couple of days. Watch chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Midcap and Smallcap indices are gaining momentum as they gain 0.60% and 0.71% respectively.
The banking stocks, esp. PSU banks are the talk of the town as they rally over 20% in December so far. PSU Bank index is up by 70% since my video. Watch here
Metals index has broken out of the descending triangle pattern; the traders should focus on metal stocks for the next couple of days. Watch chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍25❤1👎1
US markets ends on negative note after Fed increase the rate by 50bps to 15years high of 4.25-4.50%.
Dow Jones Transportation Index is on verge of breaking out on charts indicating the positive 2023 for equity markets. Chart here
SGX Nifty is trading down by 35 points at 18,715.
The gap-up opening yesterday on Nifty didn't witness the follow up buying and index ended near day's low.
Is this the time correction or breather for trend resumption?
The broader range for Nifty seems to be 18,300-18,900. I expect the momentum to pickup on either side breakouts. Trending traders should focus on the stocks in momentum to mint money.
Metal stocks can be in action for next few days.
#PreMarket
#SGXNifty
Dow Jones Transportation Index is on verge of breaking out on charts indicating the positive 2023 for equity markets. Chart here
SGX Nifty is trading down by 35 points at 18,715.
The gap-up opening yesterday on Nifty didn't witness the follow up buying and index ended near day's low.
Is this the time correction or breather for trend resumption?
The broader range for Nifty seems to be 18,300-18,900. I expect the momentum to pickup on either side breakouts. Trending traders should focus on the stocks in momentum to mint money.
Metal stocks can be in action for next few days.
#PreMarket
#SGXNifty
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BankNifty @ Intraday Support Area
1. Triangle Breakout Retest
2. Trendline
3. Demand Zone of 21HEMA and 50HEMA
4. Positive Crossover on Stochastic
(CMP-43,880)
#BankNifty
#KeepItSimple
1. Triangle Breakout Retest
2. Trendline
3. Demand Zone of 21HEMA and 50HEMA
4. Positive Crossover on Stochastic
(CMP-43,880)
#BankNifty
#KeepItSimple
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