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
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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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Fast Profits Daily - These Stocks Can Go Up Just Like PSU Banks
PSU banks have dominated the return charts recently. But do you know the next big sector that is ready to go up? Find out in this video.
http://www.eqtm.in/p7G2C
PSU banks have dominated the return charts recently. But do you know the next big sector that is ready to go up? Find out in this video.
http://www.eqtm.in/p7G2C
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US Equity Markets witnessed the worst day in three months as they corrected over 2% each on the back of poor economic numbers triggering the fear of recession.
Global markets are trending lower. SGX Nifty is down over 60 points and trading below 18,400.
Indian markets witnessed the profit bookings on weekly expiry yesterday.
Intraday traders should look to buy Nifty in the range of 18,267-18,305 as the bullish harmonic pattern completes in this range.
On BankNifty, 43,000-43,100 will be the key support area for bulls.
#PreMarket
#SGXNifty
Global markets are trending lower. SGX Nifty is down over 60 points and trading below 18,400.
Indian markets witnessed the profit bookings on weekly expiry yesterday.
Intraday traders should look to buy Nifty in the range of 18,267-18,305 as the bullish harmonic pattern completes in this range.
On BankNifty, 43,000-43,100 will be the key support area for bulls.
#PreMarket
#SGXNifty
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BankNifty Futures - Bullish Harmonic
The much-awaited dip in the markets for the best risk-reward trade is here and traders should grab this opportunity.
The Bullish Harmonic pattern is visible on the hourly chart of Bank Nifty Futures and the price has respected the reversal levels.
Since the first tick, the bulls are grabbing the opportunity and I hope you are not missing it.
The pattern suggests BankNifty heads higher back to the 44,000+ levels. The pattern negates below 43,179.
(CMP-43,570)
#BankNifty
#KeepItSimple
The much-awaited dip in the markets for the best risk-reward trade is here and traders should grab this opportunity.
The Bullish Harmonic pattern is visible on the hourly chart of Bank Nifty Futures and the price has respected the reversal levels.
Since the first tick, the bulls are grabbing the opportunity and I hope you are not missing it.
The pattern suggests BankNifty heads higher back to the 44,000+ levels. The pattern negates below 43,179.
(CMP-43,570)
#BankNifty
#KeepItSimple
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Fast Profits Daily
Investor's Don't Miss this Sector!! https://www.youtube.com/watch?v=QECaCIkukTg&t=8s
The Dream Run! 💰💰💰
No One Believed in PSU Banks when I did the video in July 2022, now everyone is talking about PSU Banks...FOMO!
Will you still Buy Best PSU Banks Stocks?
👍🏻 Yes
👎🏻 No
❤️ Avoiding this Sector
No One Believed in PSU Banks when I did the video in July 2022, now everyone is talking about PSU Banks...FOMO!
Will you still Buy Best PSU Banks Stocks?
👍🏻 Yes
👎🏻 No
❤️ Avoiding this Sector
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US Markets fell for straight third day on Friday; ended the week with 1.66% loss at 32,920.
Interestingly, the index has retested the breakout of falling trendline. The breakout was in early November and the retest seems an excellent opportunity on Wall-Street. The bulls needs to protect 32,000 for resumption of bullish trend.
Indian markets corrected in sync with global markets. The profit bookings ahead of Christmas holidays and fear of recession led to the fall.
Should you buy the dip?
Nifty is trending above the previous breakout level at 18,100 while the multiple bullish harmonic patterns are visible in the range of 18,100-18,200. The reversal can head higher at 19,000 levels.
SGX Nifty indicates positive opening. Trader's can look to buy the dip or above 18,330 (spot). The 18,500 may act as hurdle for this week.
#SGXNifty
#PreMarket
Interestingly, the index has retested the breakout of falling trendline. The breakout was in early November and the retest seems an excellent opportunity on Wall-Street. The bulls needs to protect 32,000 for resumption of bullish trend.
Indian markets corrected in sync with global markets. The profit bookings ahead of Christmas holidays and fear of recession led to the fall.
Should you buy the dip?
Nifty is trending above the previous breakout level at 18,100 while the multiple bullish harmonic patterns are visible in the range of 18,100-18,200. The reversal can head higher at 19,000 levels.
SGX Nifty indicates positive opening. Trader's can look to buy the dip or above 18,330 (spot). The 18,500 may act as hurdle for this week.
#SGXNifty
#PreMarket
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Nifty Futures - Bullish Harmonic
Indian markets have corrected over 3% from highs in sync with the US markets as the fear of recession mounts with the economic data last week. The fear resulted in profit bookings at higher levels.
An outperformance of Indian markets may prolong over the US.
The Dip, It’s a Buy
On the hourly chart of Nifty Futures (Continuous Contract), the Bullish Gartley Harmonic pattern is visible at today’s day low of 18,308.
The harmonic is the reversal pattern and is calculated using multiple Fibonacci retracements.
On Nifty Futures, the reversal is confirmed with the bullish bar and positive divergence on RSI.
Trader’s can look to buy the dips. The pattern negates on a break of 18,289.
(CMP-18,390)
#Nifty
#KeepItSimple
Indian markets have corrected over 3% from highs in sync with the US markets as the fear of recession mounts with the economic data last week. The fear resulted in profit bookings at higher levels.
An outperformance of Indian markets may prolong over the US.
The Dip, It’s a Buy
On the hourly chart of Nifty Futures (Continuous Contract), the Bullish Gartley Harmonic pattern is visible at today’s day low of 18,308.
The harmonic is the reversal pattern and is calculated using multiple Fibonacci retracements.
On Nifty Futures, the reversal is confirmed with the bullish bar and positive divergence on RSI.
Trader’s can look to buy the dips. The pattern negates on a break of 18,289.
(CMP-18,390)
#Nifty
#KeepItSimple
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Fast Profits Daily
Nifty Futures - Bullish Harmonic Indian markets have corrected over 3% from highs in sync with the US markets as the fear of recession mounts with the economic data last week. The fear resulted in profit bookings at higher levels. An outperformance of Indian…
Nifty Futures 18,390 to 18,490+ 📈
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US markets carry-on with the ladt week's bearish tone on Monday; IT Index Nasdaq fell the most with 1.5% loss.
As per Wyckoff theory, Nasdaq seems forming the last of support this week after forming the shake out in mid October.
On Nifty, the bullish harmonic pattern is visible on the hourly chart and the reversal momentum yesterday confirms the resumption of bullish trend. Chart here
BankNifty needs to cross 43,570 for resumption of bullish momentum. Trader's should keep this levels on radar for long setup.
#PreMarket
#SGXNifty
As per Wyckoff theory, Nasdaq seems forming the last of support this week after forming the shake out in mid October.
On Nifty, the bullish harmonic pattern is visible on the hourly chart and the reversal momentum yesterday confirms the resumption of bullish trend. Chart here
BankNifty needs to cross 43,570 for resumption of bullish momentum. Trader's should keep this levels on radar for long setup.
#PreMarket
#SGXNifty
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Dow Jones Performance for Second Half of December for last 50 years 📈
Will you buy for Christmas Rally 🧑🏻🎄 and Year-end Settlement?
👍🏻 Yes, Buying the Best Stocks
❤️ No. Recession is coming.
Will you buy for Christmas Rally 🧑🏻🎄 and Year-end Settlement?
👍🏻 Yes, Buying the Best Stocks
❤️ No. Recession is coming.
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Hey BEARS 🐻, Are you done for the Day?
The bears are ruling the day right from the word go as Nifty corrects over 200 points to hit the low of 18,202 as of 12:15pm IST.
Index is trading at the technical support zone and bears are suggested to book profits around these levels.
1. The falling channel or parallel lines support zone.
2. Bullish divergence on Relative Strength Index (RSI)
The support and divergence on the hourly chart indicate the reversal or time correction can be expected in the second half.
The bulls can grab this opportunity as the chart signals the favourable risk-reward setup.
The pattern negates on the break of previous swing low of 18,132.
(CMP-18,250)
#Nifty
#KeepItSimple
The bears are ruling the day right from the word go as Nifty corrects over 200 points to hit the low of 18,202 as of 12:15pm IST.
Index is trading at the technical support zone and bears are suggested to book profits around these levels.
1. The falling channel or parallel lines support zone.
2. Bullish divergence on Relative Strength Index (RSI)
The support and divergence on the hourly chart indicate the reversal or time correction can be expected in the second half.
The bulls can grab this opportunity as the chart signals the favourable risk-reward setup.
The pattern negates on the break of previous swing low of 18,132.
(CMP-18,250)
#Nifty
#KeepItSimple
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SGX Nifty reclaims 18,500 and Indian markets are expected to open on positive note.
The last hour short covering rally from the support zone of the channel pattern signals the bulls may have great time in next 2-4 weeks.
The bullish divergence on RSI supports the reversal for markets. Chart here
IT stocks, Reliance, HDFC and few heavy weights witnessed the bullish trend in the second half yesterday and is likely to lead the rally towards 19,000 on Nifty.
The short-term hurdle can be 18,550,-18,600 at the upper band of channel on Nifty for traders.
#Pre-Market
#SGXNifty
The last hour short covering rally from the support zone of the channel pattern signals the bulls may have great time in next 2-4 weeks.
The bullish divergence on RSI supports the reversal for markets. Chart here
IT stocks, Reliance, HDFC and few heavy weights witnessed the bullish trend in the second half yesterday and is likely to lead the rally towards 19,000 on Nifty.
The short-term hurdle can be 18,550,-18,600 at the upper band of channel on Nifty for traders.
#Pre-Market
#SGXNifty
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TCS - The Elephant in the Room
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
(CMP-3250)
#TCS
#KeepItSimple
Tata Consultancy Services (TCS) is the investor's and trader's favourite stock on D-street.
IT index has underperformed in 2022, down over 25%, while TCS is down over 12%.
Since September 2022, IT stocks witness a short-covering rally but fizzled in the last couple of weeks.
The Breakdown
Technically. the topping pattern head and shoulder is visible on the short-term chart with the breakdown at Rs. 3,250.
The stock price from the low of Rs. 3,163 has recovered back to Rs. 3,274 which is the retest of the head and shoulder breakdown.
Additionally, the gap and neckline of the head and shoulders pattern will be acting as major resistance for the stock.
As TCS weighs around 29% in the IT index and over 4% in Nifty50, the resumption of the bearish trend in the stock can impact the sectorial index and the benchmark index. The stock can be the elephant in the room for the market trend.
(CMP-3250)
#TCS
#KeepItSimple
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