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
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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
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Technical Indicators Suggest Momentum for FMCG Stocks. Key Levels to Watch...
New year has brought new hope for FMCG companies. What do technical charts point at?
http://www.eqtm.in/a4WFd
New year has brought new hope for FMCG companies. What do technical charts point at?
http://www.eqtm.in/a4WFd
Equitymaster
Technical Indicators Suggest Momentum for FMCG Stocks. Key Levels to Watch...
New year has brought new hope for FMCG companies. What do technical charts point at?
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The last-hour short-covering rally helped Nifty to close at a 5-day high; gain 0.9% to close at 18,053.
On Nifty, the bulls manage to close above the upper band of the triangle technical pattern indicating the resumption of a bullish trend.
Traders should focus on IT and Energy stocks for the next few days.
FMCG Index has broken out of the Bullish Dragon Harmonic pattern indicating the reversal; ITC, HUL, Britannia and Marico should be on your watchlist. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
On Nifty, the bulls manage to close above the upper band of the triangle technical pattern indicating the resumption of a bullish trend.
Traders should focus on IT and Energy stocks for the next few days.
FMCG Index has broken out of the Bullish Dragon Harmonic pattern indicating the reversal; ITC, HUL, Britannia and Marico should be on your watchlist. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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Dow Jones lost over a percent as financial stocks fell after Goldman Sachs earnings disappoint setting the sour tone for financial sector. Nasdaq ended on a positive note with gains of 0.14%.
SGX Nifty indicates a positive opening above 18,100.
The last hour bulls yesterday may capitalize the first hour today to confirm the triangle breakout on Nifty chart; 18,150 (spot) remains the key resistance for the day.
IT sector should be on your watchlist as the short covering may fuel the range breakout rally.
#PreMarket
#SGXNifty
SGX Nifty indicates a positive opening above 18,100.
The last hour bulls yesterday may capitalize the first hour today to confirm the triangle breakout on Nifty chart; 18,150 (spot) remains the key resistance for the day.
IT sector should be on your watchlist as the short covering may fuel the range breakout rally.
#PreMarket
#SGXNifty
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The breakout from the 27-day triangle pattern excited the bulls to close the Nifty at 18,165 gaining 112 points.
The triangle pattern breakout ahead of the Budget indicates the bulls are having an upper hand on the Nifty. The target as per the triangle pattern is 18,540-18,700.
Bank Nifty struggling to join the rally and trending in the triangle pattern. The breakout level is 43,200.
FMCG Index has broken out of the Bullish Dragon harmonic pattern indicating the rally towards 46,000; any positive surprise in Budget?
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The triangle pattern breakout ahead of the Budget indicates the bulls are having an upper hand on the Nifty. The target as per the triangle pattern is 18,540-18,700.
Bank Nifty struggling to join the rally and trending in the triangle pattern. The breakout level is 43,200.
FMCG Index has broken out of the Bullish Dragon harmonic pattern indicating the rally towards 46,000; any positive surprise in Budget?
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US markets tumble as a weak December retail sales numbers raised concern of recession; Dow Jones fell by 1.81%.
SGX Nifty trading weak in the morning session with the loss of 91 points at 18,130.
The triangle breakout retest and support band at 18,055-18,076 zone will be important to watch in today's session.
Being a weekly expiry, index is likely to hover in the range of 17,970-18,241 on Nifty and 41,900- 42,732 on BankNifty.
As HDFC twins broke out of consolidation zone, the Banking and Financial sector will act as make-or-break for broader markets ahead of Budget.
#PreMarket
#SGXNifty
SGX Nifty trading weak in the morning session with the loss of 91 points at 18,130.
The triangle breakout retest and support band at 18,055-18,076 zone will be important to watch in today's session.
Being a weekly expiry, index is likely to hover in the range of 17,970-18,241 on Nifty and 41,900- 42,732 on BankNifty.
As HDFC twins broke out of consolidation zone, the Banking and Financial sector will act as make-or-break for broader markets ahead of Budget.
#PreMarket
#SGXNifty
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Nifty - The Demand Zone @ 18,000-18,100
The breakout from the triangle pattern yesterday and index trending above the 200HEMA (Hourly Exponential Moving Average) indicates the bullish tone for Nifty.
The breakout retest and the ascending triangle (red) within the larger descending triangle (blue) mark the key demand zone in the range of 18,000-18,100.
OI of today's expiry suggests the writers of 18,000PE and 18,100PE won't give up and index is likely to trade with a bullish biased. The major hurdle for the day will be 18,237-18,265 zone.
#Nifty
#KeepItSimple
The breakout from the triangle pattern yesterday and index trending above the 200HEMA (Hourly Exponential Moving Average) indicates the bullish tone for Nifty.
The breakout retest and the ascending triangle (red) within the larger descending triangle (blue) mark the key demand zone in the range of 18,000-18,100.
OI of today's expiry suggests the writers of 18,000PE and 18,100PE won't give up and index is likely to trade with a bullish biased. The major hurdle for the day will be 18,237-18,265 zone.
#Nifty
#KeepItSimple
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What is your Options Strategy for Budget 2023?
Anonymous Poll
43%
Buy Naked CE/PE
6%
Sell Naked CE/PE
20%
Long Straddle/Strangle
11%
Short Straddle Strangle
15%
Bull-Call / Bear-Put Strategy
10%
Some Complex Stratrgy
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Fast Profits Daily - Trading Strategy for Budget 2023
In this video, I'll show you an options strategy for Budget 2023. I also discuss sectors I’m bullish on leading up to the Budget.
http://www.eqtm.in/c6K9H
In this video, I'll show you an options strategy for Budget 2023. I also discuss sectors I’m bullish on leading up to the Budget.
http://www.eqtm.in/c6K9H
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Dow Jones slips for straight third day to end the day at 33,044; the major support for bulls is placed at 32,500.
Asian indices start-off with flat to positive note; SGX Nifty trading with gains of 17 points at 18,130.
The support area on Nifty is 18,000-18,100 while the hurdle is placed at 18,250-18300.
IT stocks witnessed sell-off in US markets; the move in Indian markets will be worth watching to retest the breakouts in most of the Indian IT stocks.
Budget 2023 is 10 days away. Are you ready with your trading strategy. Watch my strategy here
#PreMarket
#SGXNifty
Asian indices start-off with flat to positive note; SGX Nifty trading with gains of 17 points at 18,130.
The support area on Nifty is 18,000-18,100 while the hurdle is placed at 18,250-18300.
IT stocks witnessed sell-off in US markets; the move in Indian markets will be worth watching to retest the breakouts in most of the Indian IT stocks.
Budget 2023 is 10 days away. Are you ready with your trading strategy. Watch my strategy here
#PreMarket
#SGXNifty
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The rangebound trend continued for yet another week as Nifty closed the week with a Doji candlestick; ending with gains of 0.40% at 18,027.
Is this the calm before the storm, the Budget 2023?
It has been the Options writers month so far as the Short Straddle and Short Strangle strategies paying off.
The rise of HDFC twins will be important to watch next week, which may lead to a market breakout.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Is this the calm before the storm, the Budget 2023?
It has been the Options writers month so far as the Short Straddle and Short Strangle strategies paying off.
The rise of HDFC twins will be important to watch next week, which may lead to a market breakout.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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US and European markets ends in green on Friday; Asian indices opens on positive and SGX Nifty trades at 18,145 with gains of 100pts.
Nasdaq is turning from the Last Point of Support (LPS) of Wyckoff theory as highlighted in my previous posts. Indian IT sector can witness the rally on back of bullish momentum in Nasdaq.
As we step into expiry week, the 17900-18,200 will be the trading range; the break of 18,200 may lead to short-covering rally towards 18,500 while the break of 17,900 may extend the fall to 17,700.
Traders should lower the leverage positions in next two weeks as markets are expected to be volatile with the expiry and Budget.
Have a great trading day.
#PreMarket
#SGXNifty
Nasdaq is turning from the Last Point of Support (LPS) of Wyckoff theory as highlighted in my previous posts. Indian IT sector can witness the rally on back of bullish momentum in Nasdaq.
As we step into expiry week, the 17900-18,200 will be the trading range; the break of 18,200 may lead to short-covering rally towards 18,500 while the break of 17,900 may extend the fall to 17,700.
Traders should lower the leverage positions in next two weeks as markets are expected to be volatile with the expiry and Budget.
Have a great trading day.
#PreMarket
#SGXNifty
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Nifty trades in the range after opening with a gap; ends the day on a flat note at 18,118.
An indecisive Doji candlestick pattern is witnessed on the daily chart of Nifty; the option writers are having the best series in the last few months.
IT index rallied on the back of a short-covering rally and push by the US tech index Nasdaq.
Nifty Oil & Gas index hits a new all-time high; traders should keep stocks on the watchlist.
Brijesh Bhatia,
Research Analyst - Fast Profits Report
An indecisive Doji candlestick pattern is witnessed on the daily chart of Nifty; the option writers are having the best series in the last few months.
IT index rallied on the back of a short-covering rally and push by the US tech index Nasdaq.
Nifty Oil & Gas index hits a new all-time high; traders should keep stocks on the watchlist.
Brijesh Bhatia,
Research Analyst - Fast Profits Report
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Equity markets starts the week on positive note; SPX reclaims 4,000 mark while the short-covering rally in Nasdaq for straight second day gains over 2%.
SGX Nifty is trading above 18,200; the sustainable move for 30mins above 18,200 may trigger momentum towards 18,316.
BankNifty resisting at 43,000 mark. Index is trading in the triangle pattern with upper breakout at 43,200.
IT Index trades above 30,000 mark and it may continue to head higher. With the sector weight age of 14% in Nifty50, it can lead index higher.
#PreMarket
#SGXNifty
SGX Nifty is trading above 18,200; the sustainable move for 30mins above 18,200 may trigger momentum towards 18,316.
BankNifty resisting at 43,000 mark. Index is trading in the triangle pattern with upper breakout at 43,200.
IT Index trades above 30,000 mark and it may continue to head higher. With the sector weight age of 14% in Nifty50, it can lead index higher.
#PreMarket
#SGXNifty
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