US market closed in red on the first day of the year; Tesla and Apple were the spoiler on Wallstreet.
Nifty and BankNifty ended at the crucial resistance mark of 18,300 and 43,534 respectively.
SGX Nifty indicates the negative opening of ~50 points.
Cement stocks can be the sector to look out for the momentum play as most of the cement stocks have formed triple inside bar pattern.
#SGXNifty
#PreMarket
Nifty and BankNifty ended at the crucial resistance mark of 18,300 and 43,534 respectively.
SGX Nifty indicates the negative opening of ~50 points.
Cement stocks can be the sector to look out for the momentum play as most of the cement stocks have formed triple inside bar pattern.
#SGXNifty
#PreMarket
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A thread on Financial shenanigans and how can you avoid #WealthDistruction stocks by my colleague Tanushree.
https://twitter.com/Equitymaster/status/1610506106727698433?s=20&t=NirfHABWRz8AZDJcmqe_uQ
https://twitter.com/Equitymaster/status/1610506106727698433?s=20&t=NirfHABWRz8AZDJcmqe_uQ
Twitter
Unreliable company financials have led to some of the worst cases of stock market wealth destruction. In this thread…our Co-head Research Tanushree Banerjee explains methods to identify "financial shenanigans". #SafeStocks #wealthdestruction
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The D-street bleed red as all the benchmark and sectorial indices ended on a negative note ahead of Fed minutes; Nifty ended at 18,042 losing 1.04%.
The falling three-candlestick pattern is followed by a dark-cloud cover on the daily charts of Nifty indicating the bears are in control of the trend. The bulls can be in the game on the break of 18,300.
The bullish or inverted head & shoulders pattern on BankNifty failed to take out the stop-loss of the chart posted in the morning.
On weekly expiry, 17,968 will act as crucial support for Nifty while resistance is placed at the 18,140-18,200 zone.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The falling three-candlestick pattern is followed by a dark-cloud cover on the daily charts of Nifty indicating the bears are in control of the trend. The bulls can be in the game on the break of 18,300.
The bullish or inverted head & shoulders pattern on BankNifty failed to take out the stop-loss of the chart posted in the morning.
On weekly expiry, 17,968 will act as crucial support for Nifty while resistance is placed at the 18,140-18,200 zone.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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Indian markets bleed ahead of weekly expiry while European markets gains the most with over 2% gains. US markets ends marginally in green as Fed minutes intent to control inflation and target 2% will be priority.
SGX Nifty is indicating a positive opening of ~50 points at 18,160.
The major hurdle for day traders will be 18,140-18,200 on Nifty (spot) while the 18,300 will be the medium-term hurdle for bulls. On downside, bulls need to protect 17,878 on closing basis for ongoing trend.
Banks are losing their plot to bears as profit bookings and breakout failure lead to break of psychological level of 43,000. The breach of 42,763 may mark an end to bullish setup on the index.
Expiry range on Nifty is 17,976-18,213 and 42,678-43,145 on BankNifty.
#PreMarket
#SGXNifty
SGX Nifty is indicating a positive opening of ~50 points at 18,160.
The major hurdle for day traders will be 18,140-18,200 on Nifty (spot) while the 18,300 will be the medium-term hurdle for bulls. On downside, bulls need to protect 17,878 on closing basis for ongoing trend.
Banks are losing their plot to bears as profit bookings and breakout failure lead to break of psychological level of 43,000. The breach of 42,763 may mark an end to bullish setup on the index.
Expiry range on Nifty is 17,976-18,213 and 42,678-43,145 on BankNifty.
#PreMarket
#SGXNifty
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Fast Profits Daily - Gold and Silver Outlook for 2023
How will gold and silver prices move in 2023? Find out...
http://www.eqtm.in/Bz75S
How will gold and silver prices move in 2023? Find out...
http://www.eqtm.in/Bz75S
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The volatile weekly expiry day ends below the key psychological level of 18,000 on Nifty at 17,992 losing 0.28%.
US Markets ended down by 1% as IT stocks fell the most; Nasdaq fell by 1.5%.
SGX Nifty is down by 30 points at 18,035.
As it's Friday, the weekly close below 17,913 will open the gate for 17,657 while the bulls have to to cross 18,047.
Midcap stocks continue to trend bullish. Metals and Chemicals stocks should be on your watchlist.
#PreMarket
#SGXNifty
US Markets ended down by 1% as IT stocks fell the most; Nasdaq fell by 1.5%.
SGX Nifty is down by 30 points at 18,035.
As it's Friday, the weekly close below 17,913 will open the gate for 17,657 while the bulls have to to cross 18,047.
Midcap stocks continue to trend bullish. Metals and Chemicals stocks should be on your watchlist.
#PreMarket
#SGXNifty
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MCX Copper turning bullish from support zone 📈
Metals stocks may resume the bullish momentum.
#Metals
#Commodity
#KeepItSimple
Metals stocks may resume the bullish momentum.
#Metals
#Commodity
#KeepItSimple
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The Divergence - Bears won't like it!
The bull trap above the 18,000 mark in Nifty, the bears grabbing an opportunity to short-on-rise in Bank Nifty and....
The divergence in the trend of Nifty and Bank Nifty on the hourly chart may mark the pause to the bearish momentum for intraday traders.
BankNifty has broken yesterday's low price but RSI witnessed a higher low.
Additionally, Nifty is holding the previous low of 17,892 signalling crucial support at the 17,890-17,900 zone.
If the low is not taken out, we may expect the short-covering rally in the latter half of the day.
The bear's momentum may accelerate only on breach of 17,880 for Nifty.
#Nifty -17,940
#BankNifty - 42,325
#KeepItSimple
The bull trap above the 18,000 mark in Nifty, the bears grabbing an opportunity to short-on-rise in Bank Nifty and....
The divergence in the trend of Nifty and Bank Nifty on the hourly chart may mark the pause to the bearish momentum for intraday traders.
BankNifty has broken yesterday's low price but RSI witnessed a higher low.
Additionally, Nifty is holding the previous low of 17,892 signalling crucial support at the 17,890-17,900 zone.
If the low is not taken out, we may expect the short-covering rally in the latter half of the day.
The bear's momentum may accelerate only on breach of 17,880 for Nifty.
#Nifty -17,940
#BankNifty - 42,325
#KeepItSimple
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Dear Fast Profits Report Subscriber,
China, the second-largest economy in the world, has struggled to revive after the pandemic shock.
As China opens for business after 3 years, its economy is likely to revive. The opening of Chinese markets will certainly raise the spirits of the Chinese economy.
Chinese culture follows the 12 years cycle and so is the Chinese Zodiac. This year it's Rabbit and it is likely to be the outperforming equity index in 2023 which may lead the Asian markets higher.
The metals will be back in demand and the commodity charts are trending bullish after consolidation.
In this edition of the Fast Profits Report, we are looking at the metals sector and recommended the stock from the metals basket.
Subscriber, you have received a report in your mailbox. In case you haven't, kindly login into your account on www.equitymaster.com to read our premium report.
Regards,
Brijesh.
China, the second-largest economy in the world, has struggled to revive after the pandemic shock.
As China opens for business after 3 years, its economy is likely to revive. The opening of Chinese markets will certainly raise the spirits of the Chinese economy.
Chinese culture follows the 12 years cycle and so is the Chinese Zodiac. This year it's Rabbit and it is likely to be the outperforming equity index in 2023 which may lead the Asian markets higher.
The metals will be back in demand and the commodity charts are trending bullish after consolidation.
In this edition of the Fast Profits Report, we are looking at the metals sector and recommended the stock from the metals basket.
Subscriber, you have received a report in your mailbox. In case you haven't, kindly login into your account on www.equitymaster.com to read our premium report.
Regards,
Brijesh.
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Should I record a video on Market kya lagta hai?
#GlobalEquity #Nifty #BankNifty
#MarketView
#KeepItSimple
👍🏻 Yes
👎🏻 No
#GlobalEquity #Nifty #BankNifty
#MarketView
#KeepItSimple
👍🏻 Yes
👎🏻 No
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Fast Profits Daily
Should I record a video on Market kya lagta hai? #GlobalEquity #Nifty #BankNifty #MarketView #KeepItSimple 👍🏻 Yes 👎🏻 No
On demand, will release the video tomorrow.
Sunday Brunch 😊
Sunday Brunch 😊
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The sharp recovery in global markets on Friday indicates the positive opening by SGX Nifty over 100 points.
Nifty will reverse from the support area of 17,800 on the weekly chart.
BankNifty too has major support area at 41,900-41700 at the retest of long-term breakout.
The sustainable move above 18,100 for 30mins may trigger short-covering rally towards 18,200-18230 zone. The major hurdle for bulls lies at 18,300.
#PreMarket
#SGXNifty
Nifty will reverse from the support area of 17,800 on the weekly chart.
BankNifty too has major support area at 41,900-41700 at the retest of long-term breakout.
The sustainable move above 18,100 for 30mins may trigger short-covering rally towards 18,200-18230 zone. The major hurdle for bulls lies at 18,300.
#PreMarket
#SGXNifty
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Indian markets recliam 18,000 mark on Nifty after slipping below 17,900. The bulls need to surpass the hurdle of 18,300 for resumption of medium-term bullish trend.
US markets started the day in green but ends in red yesterday; Dow Jones ends down by 0.34% while Nasdaq gains 0 63%.
SGX Nifty indicates the flat to negative opening at 18,150.
On spot Nifty, the key support is placed at 17,968 while 42,345 on BankNifty for day traders.
IT will be in focus today as TCS trend will lead the trend for IT pack.
#PreMarket
#SGXNifty
US markets started the day in green but ends in red yesterday; Dow Jones ends down by 0.34% while Nasdaq gains 0 63%.
SGX Nifty indicates the flat to negative opening at 18,150.
On spot Nifty, the key support is placed at 17,968 while 42,345 on BankNifty for day traders.
IT will be in focus today as TCS trend will lead the trend for IT pack.
#PreMarket
#SGXNifty
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BankNifty - Bullish Harmonic
On 15mins chart, the bullish harmonic pattern is visible with the PRZ in the range of 41,940-42,000.
The pattern negates on a break of 41,845.
#BankNifty
#KeepItSimple
On 15mins chart, the bullish harmonic pattern is visible with the PRZ in the range of 41,940-42,000.
The pattern negates on a break of 41,845.
#BankNifty
#KeepItSimple
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The wild moves on D-street take Nifty back below the 18,000 mark; ends the day at 17,914 losing 1%.
European markets are trending bullish and the follow-up bullish momentum in US markets may lead Indian markets higher.
Nifty trades in the range of 17,700-18,300 zone; either side break will confirm the trend.
Bank Nifty has retraced to retest the breakout level; offers favourable low-risk, high-reward entry to bulls.
The levels were discussed in the video released on weekend “Market kya lagta hai.” In case you have missed it, Click here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
European markets are trending bullish and the follow-up bullish momentum in US markets may lead Indian markets higher.
Nifty trades in the range of 17,700-18,300 zone; either side break will confirm the trend.
Bank Nifty has retraced to retest the breakout level; offers favourable low-risk, high-reward entry to bulls.
The levels were discussed in the video released on weekend “Market kya lagta hai.” In case you have missed it, Click here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US Markets closed in green while Asian markets kick of the day with positive note; HangSeng and Nikkei gains over a percent and SGX Nifty trading up by 30 points at 18,016.
The rangebound zone of 17,700-18,300 may prolong for few weeks on Nifty.
BankNifty retesting 41,800 support zone; the move above 42,337 will mark reversal for 42,700-42800 for day traders.
#Pre-Market
#SGXNifty
The rangebound zone of 17,700-18,300 may prolong for few weeks on Nifty.
BankNifty retesting 41,800 support zone; the move above 42,337 will mark reversal for 42,700-42800 for day traders.
#Pre-Market
#SGXNifty
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