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
👍31❤4👎1
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
👍37❤3👎1👏1
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
👍27👏2👎1
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
👍36❤2👎2
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
❤15👍9
Nifty - It's Popcorn Time
A difficult phase for a trader is to sit on the sidelines even if he believes the markets are trending in the range; have you experienced this?
I name this period "The Popcorn Time"
You relax, learn, strategize and read but don't trade such setups. One such setup is the triangle.
No Trading Zone
The triangle is the no trading zone pattern and the breakout on either side confirms the trend.
On the Nifty 2-hour chart, the triangle pattern is visible in the range of 18,150-17,750.
The volatility in the range is high and the bulls & bears both get slaughtered with the stop-losses.
The first-hour move today is the classic example of such kind of range volatility.
It's hard for traders to accept such ranges and they keep on trading. Eventually, they will miss the actual breakout due to the fear of loss or being left out with limited capital.
On the Nifty, wait for the breakout; till then enjoy your popcorn.
(CMP-17,960)
#Nifty
#KeepItSimple
A difficult phase for a trader is to sit on the sidelines even if he believes the markets are trending in the range; have you experienced this?
I name this period "The Popcorn Time"
You relax, learn, strategize and read but don't trade such setups. One such setup is the triangle.
No Trading Zone
The triangle is the no trading zone pattern and the breakout on either side confirms the trend.
On the Nifty 2-hour chart, the triangle pattern is visible in the range of 18,150-17,750.
The volatility in the range is high and the bulls & bears both get slaughtered with the stop-losses.
The first-hour move today is the classic example of such kind of range volatility.
It's hard for traders to accept such ranges and they keep on trading. Eventually, they will miss the actual breakout due to the fear of loss or being left out with limited capital.
On the Nifty, wait for the breakout; till then enjoy your popcorn.
(CMP-17,960)
#Nifty
#KeepItSimple
👍42❤11👎1
The volatile day ends on a flat note; the Nifty ends at 17,895 losing 0.10%.
Nifty is trending in the triangle pattern with support at 17,750 and resistance at 18,150. It is trending in No Trading Zone. Chart here
IT index witnessed the short-covering rally; can it lead the markets higher?
Bank Nifty is trending at the medium-term support area; the reversal can lead to 43,000+ levels.
Brijesh Bhatia.
Research Analyst, Fast Profits Report
Nifty is trending in the triangle pattern with support at 17,750 and resistance at 18,150. It is trending in No Trading Zone. Chart here
IT index witnessed the short-covering rally; can it lead the markets higher?
Bank Nifty is trending at the medium-term support area; the reversal can lead to 43,000+ levels.
Brijesh Bhatia.
Research Analyst, Fast Profits Report
👍23❤1👎1
US markets ends on positive note as Nasdaq and Dow Jones Transportation Index gains 1.7% each. Asian indices opens in green and SGX Nifty indicates opening above 18,000 on Futures.
The triangle pattern on Nifty (spot) signals the range bound momentum between 17,750-18,150. It's chop-chop for traders and I would suggest to avoid trading till breakout. Chart here
BankNifty has reversed from the support zone of 41,800 again; rise to 42,800-43,000 can be on cards.
IT stocks will be in focus as Nasdaq reversed from major support area.
#PreMarket
#SGXNifty
The triangle pattern on Nifty (spot) signals the range bound momentum between 17,750-18,150. It's chop-chop for traders and I would suggest to avoid trading till breakout. Chart here
BankNifty has reversed from the support zone of 41,800 again; rise to 42,800-43,000 can be on cards.
IT stocks will be in focus as Nasdaq reversed from major support area.
#PreMarket
#SGXNifty
👍32❤3👎1
Fast Profits Daily - TCS, Tech Mahindra & Tata Motors may Rally on Bullish European Markets
Why these 3 stocks are looking good on the charts.
http://www.eqtm.in/Fd36M
Why these 3 stocks are looking good on the charts.
http://www.eqtm.in/Fd36M
👍5
It's Friday, The 13th. Just saying 😊
Global markets are trending bullish while Indian markets slipping down as Sensex closes below 60,000 mark.
SGX Nifty indicates the positive opening of 60 points at 17,970+.
The volatile weekly expiry hits the new swing low of 17,761; still continue to trend in the range of 17,750-18,150.
Being a weekly close, the bulls have to protect the range as it may trigger the major sell-off upto 17,450 levels in case it's closes below 17,750.
BankNifty managing to hold the support area and closed above 42,000 mark.
Intraday traders should look for the range of 17,750-18,035 on Nifty while 41,800-42,400 on BankNifty.
#PreMarket
#SGXNifty
Global markets are trending bullish while Indian markets slipping down as Sensex closes below 60,000 mark.
SGX Nifty indicates the positive opening of 60 points at 17,970+.
The volatile weekly expiry hits the new swing low of 17,761; still continue to trend in the range of 17,750-18,150.
Being a weekly close, the bulls have to protect the range as it may trigger the major sell-off upto 17,450 levels in case it's closes below 17,750.
BankNifty managing to hold the support area and closed above 42,000 mark.
Intraday traders should look for the range of 17,750-18,035 on Nifty while 41,800-42,400 on BankNifty.
#PreMarket
#SGXNifty
👍30❤3👎1
BankNifty - Bullish Harmonic @ Long-term Support
I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here
On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal from the 88.60% Fibonacci retracement of XA.
The price reversal from the PRZ of the pattern is not the perfect reversal but the time correction and respect at the reversal levels confirm the bears are losing momentum.
Additionally, the positive divergence and bullish breakout on Relative Strength Index (RSI) signal the chances of the index heading higher.
If bulls manage to hold the 41,700-41,500 band, index is likely to head above the 43,000 mark.
(CMP-42,100)
#BankNifty
#KeepItSimple
I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here
On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal from the 88.60% Fibonacci retracement of XA.
The price reversal from the PRZ of the pattern is not the perfect reversal but the time correction and respect at the reversal levels confirm the bears are losing momentum.
Additionally, the positive divergence and bullish breakout on Relative Strength Index (RSI) signal the chances of the index heading higher.
If bulls manage to hold the 41,700-41,500 band, index is likely to head above the 43,000 mark.
(CMP-42,100)
#BankNifty
#KeepItSimple
👍21❤8👎2
Fast Profits Daily
BankNifty - Bullish Harmonic @ Long-term Support I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal…
Wohoo!
Bank Nifty 42450 🔥
Bank Nifty 42450 🔥
👍33❤6👏5👎1
US and European markets closed bullish last week with FTSE100 breaks out of 52-week high.
SGX Nifty indicating a flat opening of 10 points at 18,050.
The triangle technical pattern on chart suggest the No Trading Zone till Nifty doesn't break 17,750-18,150 zone.
BankNifty reversed for third time from 41,800-41,900 zone indicating the bullish momentum on cards.
#PreMarket
#SGXNifty
SGX Nifty indicating a flat opening of 10 points at 18,050.
The triangle technical pattern on chart suggest the No Trading Zone till Nifty doesn't break 17,750-18,150 zone.
BankNifty reversed for third time from 41,800-41,900 zone indicating the bullish momentum on cards.
#PreMarket
#SGXNifty
👍27❤3👎1
The gap-up above the 18,000 mark on Nifty fizzled in the first hour; bears ended the day on a negative note at 17,894 losing 0.34%.
Nifty trades in the triangle pattern as suggests the No Trading Zone; wait for the break of 17,750-18,150 to initiate the trending trade.
IT index breaks out of a one-month consolidation zone; gains over a percent indicating the short-covering rally is on cards. Chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty trades in the triangle pattern as suggests the No Trading Zone; wait for the break of 17,750-18,150 to initiate the trending trade.
IT index breaks out of a one-month consolidation zone; gains over a percent indicating the short-covering rally is on cards. Chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍22❤2👎2
The volatile day ends on negative note for Indian markets, European markets gains while US markets were closed. Asian indices trade mix this morning; SGX Nifty indicates positive opening of 30 points.
Nifty is trending in the triangle structure pattern with upper band at 18,150 and lower band at 17,750. Derivative traders may look at Short Strangle strategy.
IT Index breaks out of range; short squeeze expansion may lead to rally in the index.
#PreMarket
#SGXNifty
Nifty is trending in the triangle structure pattern with upper band at 18,150 and lower band at 17,750. Derivative traders may look at Short Strangle strategy.
IT Index breaks out of range; short squeeze expansion may lead to rally in the index.
#PreMarket
#SGXNifty
👍26❤2👎1