Nifty - Fall halts at...
The gap-up opening turned into a nightmare for bulls as the index witnessed a sharper fall led by Banks.
Nifty outperformed BankNifty as Pharma and IT ended the day in the green.
The Support for Bulls
The fast and furious fall in the second half halted at the support of the falling channel.
On the Relative Strength Index (RSI), the positive divergence signals the reversal on cards on the weekly expiry day.
The pattern will negate on breach of 18,130.
#Nifty
#KeepItSimple
The gap-up opening turned into a nightmare for bulls as the index witnessed a sharper fall led by Banks.
Nifty outperformed BankNifty as Pharma and IT ended the day in the green.
The Support for Bulls
The fast and furious fall in the second half halted at the support of the falling channel.
On the Relative Strength Index (RSI), the positive divergence signals the reversal on cards on the weekly expiry day.
The pattern will negate on breach of 18,130.
#Nifty
#KeepItSimple
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Bulls seemed into panic mode when Bank Nifty slipped below 43,000 to hit the lowest level of the month at 42,363.
Nifty outperformed Bank Nifty as the pharma and IT index ended on the green note.
Technically, the fall in Nifty halted at the support of the falling channel and the positive divergence indicates the reversal on cards till 18,130 is held by bulls. Chart here
Bank Nifty may continue to remain under pressure to retest the breakout levels at the 41,800-42,210 zone before heading towards the highs.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty outperformed Bank Nifty as the pharma and IT index ended on the green note.
Technically, the fall in Nifty halted at the support of the falling channel and the positive divergence indicates the reversal on cards till 18,130 is held by bulls. Chart here
Bank Nifty may continue to remain under pressure to retest the breakout levels at the 41,800-42,210 zone before heading towards the highs.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US Markets recover ahead of Christmas holidays; gains around 1.50%.
Asian indices trades in green early morning in sync with US markets; SGX Nifty indicates opening of over 100 points at 18,360.
The bears attack yesterday ended at the lower band of channel. The bearish momentum may prolong only on a break of 18,130.
The bulls have an opportunity at the support zone while the positive divergence favors reversal. Chart here
IT and Pharma stocks will be in focus on gap-up opening as they ended in green yesterday.
#PreMarket
#SGXNifty
Asian indices trades in green early morning in sync with US markets; SGX Nifty indicates opening of over 100 points at 18,360.
The bears attack yesterday ended at the lower band of channel. The bearish momentum may prolong only on a break of 18,130.
The bulls have an opportunity at the support zone while the positive divergence favors reversal. Chart here
IT and Pharma stocks will be in focus on gap-up opening as they ended in green yesterday.
#PreMarket
#SGXNifty
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Nifty - The Bargain Buying Opportunity
Index has corrected over 800 points from its high of 18,887 to 18,080.
The multiple trendlines on the daily chart suggest the support zone in the range of 17,964 to 18,100.
The breakout has been retested and the retest offers a favourable low-risk, high-reward entry.
If bulls manage to hold this range, they can cheer at the New Year party.
The range seems an excellent bargain buying opportunity for bulls.
(CMP-18,082)
#Nifty
#KeepItSimple
Index has corrected over 800 points from its high of 18,887 to 18,080.
The multiple trendlines on the daily chart suggest the support zone in the range of 17,964 to 18,100.
The breakout has been retested and the retest offers a favourable low-risk, high-reward entry.
If bulls manage to hold this range, they can cheer at the New Year party.
The range seems an excellent bargain buying opportunity for bulls.
(CMP-18,082)
#Nifty
#KeepItSimple
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It’s the Santa Bear on the Wall Street as well as D-Street as the markets trades around the lowest level of December.
Nifty corrected over 800 points from highs and approaching the major support zone of 17,964-18,100. Chart here
The weekly close below 17,865 will be the trend change levels for medium term on Nifty; if bulls manage to reverse from the current levels than it may hit 19,000 levels in early January 2023.
Dow Jones too trending around the do-or-die levels of 32,000 ahead of Christmas holidays. The next week may be the low volatility week due to the holiday seasons. Chart here
As SGX Nifty is indicating negative opening of over 100 points, intraday traders should watch out for shakeout below at 18,000 levels. The reversal from 17,964-18,000 zone may prove the best RR trade setup.
The minor hurdle for the day is expected at 18,133-18,179 on Nifty.
#PreMarket
#SGXNifty
Nifty corrected over 800 points from highs and approaching the major support zone of 17,964-18,100. Chart here
The weekly close below 17,865 will be the trend change levels for medium term on Nifty; if bulls manage to reverse from the current levels than it may hit 19,000 levels in early January 2023.
Dow Jones too trending around the do-or-die levels of 32,000 ahead of Christmas holidays. The next week may be the low volatility week due to the holiday seasons. Chart here
As SGX Nifty is indicating negative opening of over 100 points, intraday traders should watch out for shakeout below at 18,000 levels. The reversal from 17,964-18,000 zone may prove the best RR trade setup.
The minor hurdle for the day is expected at 18,133-18,179 on Nifty.
#PreMarket
#SGXNifty
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Indian markets witnessed one of the most brutal weekly selloffs of the quarter as Sensex and Nifty lost 2.37% and 2.53% respectively.
Technically, the weekly chart of Sensex suggest the benchmark indices are trading at the re-test of breakout levels. Historically, this is the third time lower-high lower-low breakout is retested. In the previous two instance, the index has hit new highs.
Bank Nifty, an outperformer turned into an underperformer in the recent market dip. Profit booking was witnessed in banking stocks taking the index from 44,000 to below 42,000. It is now at the bargain buying level and may witness a consolidation in the range of 41,500-42,000 before heading higher to 44,000+ levels.
#PreMarket
#SGXNifty
Technically, the weekly chart of Sensex suggest the benchmark indices are trading at the re-test of breakout levels. Historically, this is the third time lower-high lower-low breakout is retested. In the previous two instance, the index has hit new highs.
Bank Nifty, an outperformer turned into an underperformer in the recent market dip. Profit booking was witnessed in banking stocks taking the index from 44,000 to below 42,000. It is now at the bargain buying level and may witness a consolidation in the range of 41,500-42,000 before heading higher to 44,000+ levels.
#PreMarket
#SGXNifty
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Indian markets reversed sharply ending the three days bears attack; 18,112 will be the key for bulls to confirm the reversal.
Bank Nifty leads the day with 2.3% gains. Technically, index has reversed from the retest of medium term breakout at 41,800. The rally may extend towards 44,000+ levels till 41,500 is negated.
SGX Nifty is indicating the gap-up opening of ~50points; the gap area of 18,100-18,110 on spot may act as hurdle for the day.
#PreMarket
#SGXNIFTY
Bank Nifty leads the day with 2.3% gains. Technically, index has reversed from the retest of medium term breakout at 41,800. The rally may extend towards 44,000+ levels till 41,500 is negated.
SGX Nifty is indicating the gap-up opening of ~50points; the gap area of 18,100-18,110 on spot may act as hurdle for the day.
#PreMarket
#SGXNIFTY
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Can Nifty imitate Bank Nifty?
Bank Nifty witnessed a short-covering rally yesterday and rallied by 2.3% while Nifty managed to gain 1.17%.
Bank Nifty has reversed from medium-term support while Nifty is trying to imitate the rally.
On the short-term chart, Bank Nifty has managed to cross a couple of hurdles at the gap and previous swing high. While Nifty is struggling to sustain above the gap area. The previous swing high of 18,182 on Nifty will be a trend reversal decider for the bulls.
I believe the Nifty bulls can imitate the Bank Nifty rally only on a break of 18,200 on the Nifty.
#Nifty-18,000
#BankNifty-42,500
#KeepItSimple
Bank Nifty witnessed a short-covering rally yesterday and rallied by 2.3% while Nifty managed to gain 1.17%.
Bank Nifty has reversed from medium-term support while Nifty is trying to imitate the rally.
On the short-term chart, Bank Nifty has managed to cross a couple of hurdles at the gap and previous swing high. While Nifty is struggling to sustain above the gap area. The previous swing high of 18,182 on Nifty will be a trend reversal decider for the bulls.
I believe the Nifty bulls can imitate the Bank Nifty rally only on a break of 18,200 on the Nifty.
#Nifty-18,000
#BankNifty-42,500
#KeepItSimple
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Can Pharma Stocks Rally in 2023 with Rising Covid Cases?
With Covid cases rising, pharma stocks have once again started to rally. But my technical indicators suggest the rally may not last.
http://www.eqtm.in/Nt4c2
With Covid cases rising, pharma stocks have once again started to rally. But my technical indicators suggest the rally may not last.
http://www.eqtm.in/Nt4c2
Equitymaster
Can Pharma Stocks Rally in 2023 with Rising Covid Cases?
With Covid cases rising, pharma stocks have once again started to rally. But my technical indicators suggest the rally may not last.
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The volatile day ends near the day-high on D-street; Sensex and Nifty gained 0.6% respectively.
Nifty is trending bullish, but the major hurdle lies at the 18,180-18,200 zone for the continuation of bullish momentum. Chart here
Bank Nifty is leading the reversal moves as it reverses from the medium-term support of 41,800. The break of 43,134 may test 44,000+ levels in January series.
Midcap Index is reversing from 200DMA indicating the bulls are in control of the long-term trend.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty is trending bullish, but the major hurdle lies at the 18,180-18,200 zone for the continuation of bullish momentum. Chart here
Bank Nifty is leading the reversal moves as it reverses from the medium-term support of 41,800. The break of 43,134 may test 44,000+ levels in January series.
Midcap Index is reversing from 200DMA indicating the bulls are in control of the long-term trend.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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SGX Nifty indicates negative opening of 85 points at 18,065 as Dow Jones ends on a flat note yesterday.
Asian indices are trading mix with HangSeng up by 1.70% while Nikkei down by 0.6%.
Nifty ended the day at high but 18,180-18,200 will act as major hurdle for bulls in the expiry.
Bank Nifty continue to trend bullish but the hurdle lies at 43,134; the break can lead to expiry around 43,800-43,900.
With the riding Covid cases, traders and investors are focusing on Pharma stocks. Should you buy or avoid? Read my technical view on Pharma index here
#PreMarket
#SGXNifty
Asian indices are trading mix with HangSeng up by 1.70% while Nikkei down by 0.6%.
Nifty ended the day at high but 18,180-18,200 will act as major hurdle for bulls in the expiry.
Bank Nifty continue to trend bullish but the hurdle lies at 43,134; the break can lead to expiry around 43,800-43,900.
With the riding Covid cases, traders and investors are focusing on Pharma stocks. Should you buy or avoid? Read my technical view on Pharma index here
#PreMarket
#SGXNifty
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Amara Raja Batteries - Chart is Worth A Glance
Amara Raja has fallen over 12% in the past few sessions. It has also underperformed in the last three years due to the pandemic and increasing raw material costs.
http://www.eqtm.in/g9QFf
Amara Raja has fallen over 12% in the past few sessions. It has also underperformed in the last three years due to the pandemic and increasing raw material costs.
http://www.eqtm.in/g9QFf
Equitymaster
Why Amara Raja Batteries Share Price is Falling
Amara Raja has fallen over 12% in the past few sessions. It has also underperformed in the last three years due to the pandemic and increasing raw material costs.
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Indian markets trade in the narrow range ahead of the last expiry of the year; Nifty ends at 18,122 losing 0.05%.
The major hurdle for bulls will be 18,200 on Nifty for the bullish momentum to prolong towards the new highs.
Bank Nifty managed to break out of bullish head & shoulder on the lower timeframe chart; a sustainable move above 43,000 will be the key for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The major hurdle for bulls will be 18,200 on Nifty for the bullish momentum to prolong towards the new highs.
Bank Nifty managed to break out of bullish head & shoulder on the lower timeframe chart; a sustainable move above 43,000 will be the key for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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The Wall-Street bleed red as the year is ending. Nasdaq bears are on the top till the last few breathe of the year indicating an underperformance of IT index may prolong in 2023.
SGX Nifty is indicating the negative opening of 80 points at 18,158 as US closed negative over a percent.
As we step on the last F&O expiry of the year, the range of 18,000-18,200 may be on cards.
The support for Nifty is held at 17,976 while major resistance is placed at 18,180-18,200.
#PreMarket
#SGXNifty
SGX Nifty is indicating the negative opening of 80 points at 18,158 as US closed negative over a percent.
As we step on the last F&O expiry of the year, the range of 18,000-18,200 may be on cards.
The support for Nifty is held at 17,976 while major resistance is placed at 18,180-18,200.
#PreMarket
#SGXNifty
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Fast Profits Daily - Can Pharma Stocks Rally on Covid Cases?
Should you buy into the pharma stock rally in the stock market? Find out...
http://www.eqtm.in/Hz6p2
Should you buy into the pharma stock rally in the stock market? Find out...
http://www.eqtm.in/Hz6p2
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Welcome to the last trading day of the 2022. I hope this year was the profitable one for you.
The short-covering rally on the expiry day witness the breakout on charts; Nifty breaks 18,200 while BankNifty breaks 43,000. The Wall-Street too witness short-covering rally in IT stocks as Nasdaq gains over 2%.
SGX Nifty indicates the positive opening of over 60 points.
IT stocks may witness the bullish momentum in today,s session as Nasdaq rally.
Banking stocks too can be in focus as it breaks the hurdle of 43,000 levels all eyes on 44,000+ levels.
#PreMarket
#SGXNifty
The short-covering rally on the expiry day witness the breakout on charts; Nifty breaks 18,200 while BankNifty breaks 43,000. The Wall-Street too witness short-covering rally in IT stocks as Nasdaq gains over 2%.
SGX Nifty indicates the positive opening of over 60 points.
IT stocks may witness the bullish momentum in today,s session as Nasdaq rally.
Banking stocks too can be in focus as it breaks the hurdle of 43,000 levels all eyes on 44,000+ levels.
#PreMarket
#SGXNifty
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Forwarded from Equitymaster
The Investor Hour in 2022...
In 2022, I hosted some of India's most successful stock pickers on my podcast. I got a chance to dig deep into their journeys, each of which were fascinating... and discuss how they pick stocks and build successful portfolios. Sharing the most liked episodes...
At the top of the list is Vijay Kedia, arguably one of the most successful investors in India today. We discussed how he picks stocks, why he bets big on them and his journey so far. - https://youtu.be/lYlCkXl-RIY
Not surprisingly, next was Saurabh Mukherjea, arguably one of India’s best known money managers. In this fascinating episode Saurabh revealed details of his biggest investment calls to-date. We also talked about life, family and fraud. - https://youtu.be/rClF-juJX9Q
Next favourite was my chat with Ramesh Damani, arguably one of India's most successful investors. We talked a bunch, including which sector could lead the next stock market rally. - https://youtu.be/IUILIK74fxY
It was a delight talking to Samit Vartak the next most watched episode. If you want to get better at picking stocks...and get a super understanding of where India is headed, then this is a must watch - https://youtu.be/yQp7dT6pKyw
Then was the Investor Hour with S Naren. It's a master class on how to pick the right stocks. If you want to get better at picking stocks, you just cannot miss this - https://youtu.be/fLk-ALujM88
Another popular episode was my talk with Ridham Desai of Morgan Stanley. Ridham's journey and his views on big market moves are unmissable. We also talked about long term investing and why he is bullish on India. - https://youtu.be/HeXkYpTIce4
In an episode which focused on india, rather than investing, I talked to Manish Sabharwal. Manish made the case that the next 25 yrs could be India's moment. All we need to do is follow through with a 5 point plan. - https://youtu.be/KrenW7TU6TQ
Kenneth Andrade's take on building a solid stock portfolio was another popular investor hour episode. - https://youtu.be/3zXRhDMrElI
In all, we recorded 25 episodes of the Investor Hour since June 2022. That's just under one a week. Not bad!
A big thank you to the team Equitymaster, HT Smartcast and LiveMint for making this possible.
I hope you enjoyed the learning journey so far. Do share your feedback.
I will be recording the first episode of 2023 shortly. Look forward to that. Happy investing!
In 2022, I hosted some of India's most successful stock pickers on my podcast. I got a chance to dig deep into their journeys, each of which were fascinating... and discuss how they pick stocks and build successful portfolios. Sharing the most liked episodes...
At the top of the list is Vijay Kedia, arguably one of the most successful investors in India today. We discussed how he picks stocks, why he bets big on them and his journey so far. - https://youtu.be/lYlCkXl-RIY
Not surprisingly, next was Saurabh Mukherjea, arguably one of India’s best known money managers. In this fascinating episode Saurabh revealed details of his biggest investment calls to-date. We also talked about life, family and fraud. - https://youtu.be/rClF-juJX9Q
Next favourite was my chat with Ramesh Damani, arguably one of India's most successful investors. We talked a bunch, including which sector could lead the next stock market rally. - https://youtu.be/IUILIK74fxY
It was a delight talking to Samit Vartak the next most watched episode. If you want to get better at picking stocks...and get a super understanding of where India is headed, then this is a must watch - https://youtu.be/yQp7dT6pKyw
Then was the Investor Hour with S Naren. It's a master class on how to pick the right stocks. If you want to get better at picking stocks, you just cannot miss this - https://youtu.be/fLk-ALujM88
Another popular episode was my talk with Ridham Desai of Morgan Stanley. Ridham's journey and his views on big market moves are unmissable. We also talked about long term investing and why he is bullish on India. - https://youtu.be/HeXkYpTIce4
In an episode which focused on india, rather than investing, I talked to Manish Sabharwal. Manish made the case that the next 25 yrs could be India's moment. All we need to do is follow through with a 5 point plan. - https://youtu.be/KrenW7TU6TQ
Kenneth Andrade's take on building a solid stock portfolio was another popular investor hour episode. - https://youtu.be/3zXRhDMrElI
In all, we recorded 25 episodes of the Investor Hour since June 2022. That's just under one a week. Not bad!
A big thank you to the team Equitymaster, HT Smartcast and LiveMint for making this possible.
I hope you enjoyed the learning journey so far. Do share your feedback.
I will be recording the first episode of 2023 shortly. Look forward to that. Happy investing!
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