Nifty Midcap Index - Time for some shopping therapy
Indian markets are underperforming their global peers as Nifty is down by over 2%, and most of the global equity indices trading on a positive note in January.
Traders had the premiere ahead of the Budget Volatility movie yesterday as the Nifty swings ~975pts and BankNifty over 3,500pts. This is the time when traders must manage risk and protect their capital.
Midcap Index – The Favourable Risk : Reward
When the sell-off begins, the first ones to hammer are small-cap and midcap stocks.
Technically, the stock is trading at the make-or-break levels of the chart pattern.
The broadening triangle or megaphone pattern is visible on the daily chart with the support placed at 29,800.
If bulls manage to reverse the trend from the support zone, expected target can be 10% to the upper band of broadening triangle while the risk is less than 2%.
Incase you are looking for midcap stocks to add to your watchlist, watch my latest video here.
#Midcap (CMP-30,200)
Indian markets are underperforming their global peers as Nifty is down by over 2%, and most of the global equity indices trading on a positive note in January.
Traders had the premiere ahead of the Budget Volatility movie yesterday as the Nifty swings ~975pts and BankNifty over 3,500pts. This is the time when traders must manage risk and protect their capital.
Midcap Index – The Favourable Risk : Reward
When the sell-off begins, the first ones to hammer are small-cap and midcap stocks.
Technically, the stock is trading at the make-or-break levels of the chart pattern.
The broadening triangle or megaphone pattern is visible on the daily chart with the support placed at 29,800.
If bulls manage to reverse the trend from the support zone, expected target can be 10% to the upper band of broadening triangle while the risk is less than 2%.
Incase you are looking for midcap stocks to add to your watchlist, watch my latest video here.
#Midcap (CMP-30,200)
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Fast Profits Daily
Nifty Midcap Index - Time for some shopping therapy Indian markets are underperforming their global peers as Nifty is down by over 2%, and most of the global equity indices trading on a positive note in January. Traders had the premiere ahead of the Budget…
Midcap Index 30,200 to 30,600 🔥
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Nifty hovers in the range while the Midcap and SmallCap indexes shine with gains of 1.63% and 2.91% respectively.
The benchmark indexes are reversing from their 200DMA indicating the support and reversal ahead of the volatile day tomorrow on account of the Union Budget.
Midcap Index has turned bullish from the support of megaphone and 200DMA. Read here
The major hurdle for the Nifty tomorrow will be 18,034 while support is placed at 17,352-17,439.
What do you think about the outcome of the Union Budget tomorrow?
👍🏻Positive for Markets
👎🏻 Negative for Markets
❤️ No impact
The benchmark indexes are reversing from their 200DMA indicating the support and reversal ahead of the volatile day tomorrow on account of the Union Budget.
Midcap Index has turned bullish from the support of megaphone and 200DMA. Read here
The major hurdle for the Nifty tomorrow will be 18,034 while support is placed at 17,352-17,439.
What do you think about the outcome of the Union Budget tomorrow?
👍🏻Positive for Markets
👎🏻 Negative for Markets
❤️ No impact
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US markets ends on a positive note; Asian indices follows US as SGX Nifty trades up by 120pts at 17,870.
It's D-Day for traders as the most anticipated volatile day of the year, the Union Budget is here.
Traders should focus on index for day trading today as volatile can be high.
Nifty50, Nifty500 and Midcap indexes are hovering at 200DMA indicating the strong support zone for bulls.
The monthly chart of Nifty50 has turned bearish as we witnessed the followup bearish candlestick after bearish engulfing in December 2022.
#PreMarket
#SGXNifty
It's D-Day for traders as the most anticipated volatile day of the year, the Union Budget is here.
Traders should focus on index for day trading today as volatile can be high.
Nifty50, Nifty500 and Midcap indexes are hovering at 200DMA indicating the strong support zone for bulls.
The monthly chart of Nifty50 has turned bearish as we witnessed the followup bearish candlestick after bearish engulfing in December 2022.
#PreMarket
#SGXNifty
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Nifty - Bearish Pattern @ Open
The bearish belt hold pattern is visible on the 30mins chart of Nifty (spot) as it opens at 17,815 and slides down.
Unfortunately, the bearish pattern is formed at the support-turned-resistance zone of 17,775.
As volatility can be on cards today, the bulls need to surpass 17,845 for the resumption of a trend towards 18,000+ levels; till then the bears have an upper hand.
The only thing so far for the bulls is the 17,735.70 - the low of today (so far) and the high of yesterday.
The break below 17,730 may accelerate the bearish momentum while the move above 17,845 may extend the bullish momentum towards 18,000.
#Nifty - 17,785
#KeepItSimple
The bearish belt hold pattern is visible on the 30mins chart of Nifty (spot) as it opens at 17,815 and slides down.
Unfortunately, the bearish pattern is formed at the support-turned-resistance zone of 17,775.
As volatility can be on cards today, the bulls need to surpass 17,845 for the resumption of a trend towards 18,000+ levels; till then the bears have an upper hand.
The only thing so far for the bulls is the 17,735.70 - the low of today (so far) and the high of yesterday.
The break below 17,730 may accelerate the bearish momentum while the move above 17,845 may extend the bullish momentum towards 18,000.
#Nifty - 17,785
#KeepItSimple
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Forwarded from Equitymaster
On a Scale of 1 to 10, with 10 being the highest, I would rate the budget...
Final Results
19%
0 - 3
30%
4 - 6
39%
7 - 9
13%
10
A Twitter Thread on What is Moving Average in Technical Analysis and why it is important to identify market trends?
https://twitter.com/Equitymaster/status/1620727806350204929?s=20&t=qgAnBtSf5BmXmzEKuNFdlw
https://twitter.com/Equitymaster/status/1620727806350204929?s=20&t=qgAnBtSf5BmXmzEKuNFdlw
Twitter
What is Moving Average in Technical Analysis and why it is important to identify market trends? Our ace chartist @bbrijesh decodes the ways to implement Moving Averages. #TechnicalAnalysis
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Forwarded from Equitymaster
Profit Hunter - Equitymaster's Editors on the Union Budget
Our editors weigh in with their views on the budget.
http://www.eqtm.in/g4WXb
Our editors weigh in with their views on the budget.
http://www.eqtm.in/g4WXb
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US markets ends in green after Federal Reserve raised interest rate by 25bps. The commentary by Fed Chairman was positive as he declared premature victory against inflation.
Indian markets witnessed the most volatile day of ~1,000pts move in Nifty and ending on a flat note with loss of 0.26%.
The Adani saga may add pain to Indian markets which is underperforming it's global peers. SGX Nifty is trading down by 95 points on the back of Adani withdrawing it's FPO.
On the daily chart, the Nifty is trading at 200DEMA placed at 17,553. The risk for the bulls is the weakness in RSI which has turned southwards from 50.
The major support will be 17,412 while 18,054 is the major hurdle for bulls.
#PreMarket
#SGXNifty
Indian markets witnessed the most volatile day of ~1,000pts move in Nifty and ending on a flat note with loss of 0.26%.
The Adani saga may add pain to Indian markets which is underperforming it's global peers. SGX Nifty is trading down by 95 points on the back of Adani withdrawing it's FPO.
On the daily chart, the Nifty is trading at 200DEMA placed at 17,553. The risk for the bulls is the weakness in RSI which has turned southwards from 50.
The major support will be 17,412 while 18,054 is the major hurdle for bulls.
#PreMarket
#SGXNifty
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Adani Group Stocks - Beginning of the End?
Should you invest in Adani Stocks after the current fall of over 50% from highs?
Read what the chart says.
https://www.equitymaster.com/detail.asp?date=02/02/2023&story=3&title=Adani-Group-Stocks-Beginning-of-the-End&utm_source=homepage&utm_medium=website&utm_campaign=view-on-news&utm_content=adani-group-stocks-beginning-of-the-end-red-link
Should you invest in Adani Stocks after the current fall of over 50% from highs?
Read what the chart says.
https://www.equitymaster.com/detail.asp?date=02/02/2023&story=3&title=Adani-Group-Stocks-Beginning-of-the-End&utm_source=homepage&utm_medium=website&utm_campaign=view-on-news&utm_content=adani-group-stocks-beginning-of-the-end-red-link
Equitymaster
Adani Group Stocks: Beginning of the End?
This is what the technical charts indicate for Adani group stocks.
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A #Thread on decoding the #chart structure of #AdaniEnterprises #AdaniPorts #AdaniTrans #AMBUJACEM #ACC
https://twitter.com/Equitymaster/status/1621127431053791232?t=VHr4UzVujOG4vKUes-ws1g&s=19
https://twitter.com/Equitymaster/status/1621127431053791232?t=VHr4UzVujOG4vKUes-ws1g&s=19
Twitter
"It takes years to build trust and seconds to destroy it." This goes with #AdaniGroup - a three-decade-old company which is fighting to maintain its trust. The #stockprices have corrected over 50%. But is this the end? @bbrijesh decodes the trend #Adanistocks…
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Fast Profits Daily
Nasdaq - The Momentum Breakout The US IT Index- Nasdaq is witnessing the come back from the bearish momentum and confirming the reversal in yesterday's session. The Spring, the lowest point and the bottom as per Wyckoff pattern is held strong in the last…
Nasdaq Updated Chart 📈
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Nasdaq and Dow Jones Transportation Index gains 3% each while Dow Jones manage to close on flat note after opening on a negative note.
Asian markets trade mix as Japan in green while China in red. SGX Nifty is trading above 17,700 gaining 0.35%.
The Bullish Reciprocal Harmonic reversal pattern is visible on the daily chart of SGX Nifty indicates the bullish momentum on cards. It strengthens the pattern as it has formed at 200DEMA.
IT stocks will be in focus as Nasdaq gains over 3%. Nifty IT Index gained 1.8% yesterday signaling the strength in bullish momentum.
Bank Nifty has reversed from multiple support area of 39,500; the bulls should grab the opportunity.
#PreMarket
#SGXNifty
Asian markets trade mix as Japan in green while China in red. SGX Nifty is trading above 17,700 gaining 0.35%.
The Bullish Reciprocal Harmonic reversal pattern is visible on the daily chart of SGX Nifty indicates the bullish momentum on cards. It strengthens the pattern as it has formed at 200DEMA.
IT stocks will be in focus as Nasdaq gains over 3%. Nifty IT Index gained 1.8% yesterday signaling the strength in bullish momentum.
Bank Nifty has reversed from multiple support area of 39,500; the bulls should grab the opportunity.
#PreMarket
#SGXNifty
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Adani Stocks feel the heat for another day 📉
Should you worry about the Banks now?
As per Mar'22 financial statement, the bank loan is ~38% to Adani stocks out of which 28% is from PSU Banks.
SBI is the largest lender, should you trade or invest in the stock?
Watch the video to know the chart pattern of SBI and PSU Bank Index. Click here
#AdaniStocks
#SBI
#PSUBanks
Should you worry about the Banks now?
As per Mar'22 financial statement, the bank loan is ~38% to Adani stocks out of which 28% is from PSU Banks.
SBI is the largest lender, should you trade or invest in the stock?
Watch the video to know the chart pattern of SBI and PSU Bank Index. Click here
#AdaniStocks
#SBI
#PSUBanks
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Forwarded from Equitymaster
Adani Group Stocks: Should You Catch These Falling Knives?
Time to buy the dip in Adani group stocks? Read on to find out what the technical charts say.
http://www.eqtm.in/y5FQt
Time to buy the dip in Adani group stocks? Read on to find out what the technical charts say.
http://www.eqtm.in/y5FQt
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