Fast Profits Daily - End of the Nifty Bull Run?
Is the Nifty forming a short-term top?
http://www.eqtm.in/Rg86W
Is the Nifty forming a short-term top?
http://www.eqtm.in/Rg86W
Realty Stocks on a Roll. Oberoi, Sobha, & Prestige Estates Surge
Realty stocks are racing ahead on increased demand for housing on top of low interest rates.
http://www.eqtm.in/m9SQx
Realty stocks are racing ahead on increased demand for housing on top of low interest rates.
http://www.eqtm.in/m9SQx
Chart of the Day: Nifty - Six Out of the Park!
Bulls did it in the seventh attempt and what a day to hit the six out of the park!
The six was hit after 62 days of consolidation and as per Fibonacci Time Cycle, the breakout is termed as one of the strongest time cycle breakouts.
In our previous video on Nifty, we highlighted Wyckoff structure which is now negated and the move above 16,057 confirms the resumption of bullish trend.
The bulls finally gash Nifty’s call writers and short covering rally will accelerate the move towards 16,389-16,434.
#KeepItSimple
Bulls did it in the seventh attempt and what a day to hit the six out of the park!
The six was hit after 62 days of consolidation and as per Fibonacci Time Cycle, the breakout is termed as one of the strongest time cycle breakouts.
In our previous video on Nifty, we highlighted Wyckoff structure which is now negated and the move above 16,057 confirms the resumption of bullish trend.
The bulls finally gash Nifty’s call writers and short covering rally will accelerate the move towards 16,389-16,434.
#KeepItSimple
Join me today at 6pm for a ELM LIVE session with Vivek Bajaj of Elearnmarkets.
I will be discussing how I analyze markets, Technically.
You can also ask me your questions during the live Q&A session.
https://www.youtube.com/watch?v=dp3UzD1N_0Q
I will be discussing how I analyze markets, Technically.
You can also ask me your questions during the live Q&A session.
https://www.youtube.com/watch?v=dp3UzD1N_0Q
YouTube
#ELMLive with Mr. Brijesh Bhatia
In the upcoming Live session, we have with us Mr. Vivek Bajaj, co-founder, StockEdge, Elearnmarkets, with Mr. Brijesh Bhatia, an MBA graduate with more than a decade of experience in markets across various asset classes like #Equities, #Commodities and #Forex.…
Hurrah! The new all-time high on D-street; Nifty hits 16,290 while Sensex 54,465. But….
But the breadth doesn’t seems so exciting with 30 shares decline against 20 advance for Nifty50 while 362 stocks decline against 139 advance for Nifty500.
The follow-up momentum for next couple of days with better breadth will be important to watch as we are witnessing profit bookings in Midcap and Smallcap indices which declined by a percent each.
Brijesh Bhatia
Research Analyst, Fast Profit Report
But the breadth doesn’t seems so exciting with 30 shares decline against 20 advance for Nifty50 while 362 stocks decline against 139 advance for Nifty500.
The follow-up momentum for next couple of days with better breadth will be important to watch as we are witnessing profit bookings in Midcap and Smallcap indices which declined by a percent each.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Forwarded from Equitymaster
LIVE Q&A: The Ultimate Trading Hacks for Faster Profits
Some questions that India’s #1 Trader Vijay Bhambwani gets frequently asked by his readers are…
How to enter the orbit of highly successful traders…
How to potentially scale profits from trading…
How to build a trading system that potentially delivers profits…again and again…
To put an end to this mystery, Vijay has decided to answer all these questions…LIVE
Yes, he will be hosting a LIVE Q&A session on Equitymaster’s YouTube channel…
And he’d like you to join him LIVE at 11 am, coming Saturday on August 7.
And get all your trading-related questions answered.
Click the link below to set a reminder:
https://youtu.be/fwRrw5hcsvQ
Some questions that India’s #1 Trader Vijay Bhambwani gets frequently asked by his readers are…
How to enter the orbit of highly successful traders…
How to potentially scale profits from trading…
How to build a trading system that potentially delivers profits…again and again…
To put an end to this mystery, Vijay has decided to answer all these questions…LIVE
Yes, he will be hosting a LIVE Q&A session on Equitymaster’s YouTube channel…
And he’d like you to join him LIVE at 11 am, coming Saturday on August 7.
And get all your trading-related questions answered.
Click the link below to set a reminder:
https://youtu.be/fwRrw5hcsvQ
Chart of the Day: Nifty IT Index
After the rally in banking stocks yesterday, IT index has hit new-all time of 31,560 today supporting Nifty50 to head higher.
Which IT stock can lead the rally?
Infy, HCL Tech, Wipro and TechM which are trading at all-time high or TCS who has been consolidating and ready for blast.
#KeepItSimple
After the rally in banking stocks yesterday, IT index has hit new-all time of 31,560 today supporting Nifty50 to head higher.
Which IT stock can lead the rally?
Infy, HCL Tech, Wipro and TechM which are trading at all-time high or TCS who has been consolidating and ready for blast.
#KeepItSimple
👍1
The D-street cheers the new all-time high of 16,349 on Nifty; ends at 16,294 gaining 0.22%.
The doji candlestick formed at high are indecisive in nature; the break of high or low will decide further resumption or reversal in trend.
Banking stocks are in action ahead of RBI Monetary policy tomorrow; seems it could accelerate the bullish momentum post policy.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The doji candlestick formed at high are indecisive in nature; the break of high or low will decide further resumption or reversal in trend.
Banking stocks are in action ahead of RBI Monetary policy tomorrow; seems it could accelerate the bullish momentum post policy.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: US Crudeoil @ $100 mark?
The buzzing $100 mark is a mystery and everyone is eyeing it.
On daily chart, Crudeoil prices are trading at Do-or Die levels.
The triangle breakout is retested at $68 and 100DEMA is placed right at $67 which is held strong since November 2020. If bulls manage to hold these support zone, the $80-84 can be on cards.
But if they fail to do so, falling off the cliff to $50-52 cannot be ruled out in short-term.
#KeepItSimple
The buzzing $100 mark is a mystery and everyone is eyeing it.
On daily chart, Crudeoil prices are trading at Do-or Die levels.
The triangle breakout is retested at $68 and 100DEMA is placed right at $67 which is held strong since November 2020. If bulls manage to hold these support zone, the $80-84 can be on cards.
But if they fail to do so, falling off the cliff to $50-52 cannot be ruled out in short-term.
#KeepItSimple
The pause to the momentum on D-street; Nifty takes breather to close 16,238 losing 56 points.
The doji followed by bearish engulfing is sign of caution for bulls; they need to take Nifty above 16,350 to negate the reversal structure.
Breadth for Nifty50 and Nifty500 were at 1:1; improving means the bullish momentum can prolong for the next week too.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The doji followed by bearish engulfing is sign of caution for bulls; they need to take Nifty above 16,350 to negate the reversal structure.
Breadth for Nifty50 and Nifty500 were at 1:1; improving means the bullish momentum can prolong for the next week too.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty - The roaring Bulls
Bulls are holding the Nifty right above the 16,000 marks post consolidation breakout.
The short-term zone of 16,160-16,210 will be acting as demand zone for momentum traders.
The resumption of bullish momentum is likely to accelerate after filling or testing the gap, and rising trendline.
The risk for bulls at the chart structure is, if they fail to hold the gap area and trendline.
#KeepItSimple
Bulls are holding the Nifty right above the 16,000 marks post consolidation breakout.
The short-term zone of 16,160-16,210 will be acting as demand zone for momentum traders.
The resumption of bullish momentum is likely to accelerate after filling or testing the gap, and rising trendline.
The risk for bulls at the chart structure is, if they fail to hold the gap area and trendline.
#KeepItSimple
The lack luster day on D-street ends Nifty on a flat note at 16,258 gaining 0.12%.
The gap area of 16,146-16,176 is acting as support zone for bulls. Adding the fuel, the rising trendline holds support at 16,126.
Retest of gap and resumption of bullish momentum indicates the bulls are in control above 16,000 levels.
The short term trend of underperformance of Midcap and Smallcap indices against Nifty may prolong for some few weeks.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The gap area of 16,146-16,176 is acting as support zone for bulls. Adding the fuel, the rising trendline holds support at 16,126.
Retest of gap and resumption of bullish momentum indicates the bulls are in control above 16,000 levels.
The short term trend of underperformance of Midcap and Smallcap indices against Nifty may prolong for some few weeks.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the day: Bank Nifty
On 0.25% X 3 Point & Figure chart, the bulls are taking the lead as they breakout of the triple top structure. (CMP-36,250)
The breakout triple top structure means after consolidating and resisting around the same high, price breaks the resistance and heads higher.
The chart structure on Bank Nifty Futures would negate below 35,785.
#KeepItSimple
On 0.25% X 3 Point & Figure chart, the bulls are taking the lead as they breakout of the triple top structure. (CMP-36,250)
The breakout triple top structure means after consolidating and resisting around the same high, price breaks the resistance and heads higher.
The chart structure on Bank Nifty Futures would negate below 35,785.
#KeepItSimple
Fast Profits Daily
Nifty - The roaring Bulls Bulls are holding the Nifty right above the 16,000 marks post consolidation breakout. The short-term zone of 16,160-16,210 will be acting as demand zone for momentum traders. The resumption of bullish momentum is likely to accelerate…
Nifty - Updated Chart
The volatile day ends on a flat note; Nifty ends at 16,275 gaining 0.1%.
An indecisive candlestick pattern for consecutive four days post breakout indicates the lack luster momentum above the 16,000 mark; this is an unhealthy momentum for bulls.
The gap area of 16,160-16,200 zone will act as crucial support zone for bulls.
The risk at the higher levels is an uneven market breadth which is deteriorating in last few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
An indecisive candlestick pattern for consecutive four days post breakout indicates the lack luster momentum above the 16,000 mark; this is an unhealthy momentum for bulls.
The gap area of 16,160-16,200 zone will act as crucial support zone for bulls.
The risk at the higher levels is an uneven market breadth which is deteriorating in last few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Forwarded from Equitymaster
Top Performing Sectors in 2021
A look at this year's best performing sectors and what has helped them rally.
http://www.eqtm.in/d4DTc
A look at this year's best performing sectors and what has helped them rally.
http://www.eqtm.in/d4DTc
Gold - The Moon Phase Bottom?
Do you believe the Commodity trading and Moon Phase cycle help you to analyze and trade?
Many traders follow the moon phase cycle to predict the next leg of momentum in stock/commodity markets. They even analyze deep and predict the time to enter the trade, and are successful.
The new moon phases are signs of reversal or resumption of trend considering some other parameters in the studies of astro.
If we analyze the recent chart of COMEX Gold Futures, yesterday's low of $1,677 was hit on new moon day and price turned up sharply.
The price completed the bullish AB=CD harmonic pattern. The harmonic patterns are reversal in nature.
This reversal pattern is formed right at the support of previous swings. RSI is back into oversold zone and historically, it is proven to be short-term bottom when price mark higher high and RSI in oversold zone.
Any dip around $1,700, the bulls might grab it with both the hands.
#KeepItSimple
Do you believe the Commodity trading and Moon Phase cycle help you to analyze and trade?
Many traders follow the moon phase cycle to predict the next leg of momentum in stock/commodity markets. They even analyze deep and predict the time to enter the trade, and are successful.
The new moon phases are signs of reversal or resumption of trend considering some other parameters in the studies of astro.
If we analyze the recent chart of COMEX Gold Futures, yesterday's low of $1,677 was hit on new moon day and price turned up sharply.
The price completed the bullish AB=CD harmonic pattern. The harmonic patterns are reversal in nature.
This reversal pattern is formed right at the support of previous swings. RSI is back into oversold zone and historically, it is proven to be short-term bottom when price mark higher high and RSI in oversold zone.
Any dip around $1,700, the bulls might grab it with both the hands.
#KeepItSimple
Chart of the day: Nifty Private Bank Index
Bank Nifty has underperformed Nifty since May 2021. As Nifty trades as all-time high, Bank Nifty is still struggling to move out of the range.
And the reason is Nifty Private Bank Index which is at the do-or-die level of breakout. Bulls need to break 19,000 level mark to turn the tide of Bank Nifty's underperformance.
Even RSI is hovering around the same level. The move above 19,000 on Private Bank Index can trigger bullish range shift in RSI.
Nifty Private Bank Index Constituents & Weightage:
HDFC Bank Ltd. 25.47%
ICICI Bank Ltd. 24.87%
Kotak Mahindra Bank Ltd. 12.77%
Axis Bank Ltd. 12.47%
IndusInd Bank Ltd. 10.67%
Bandhan Bank Ltd. 3.55%
Federal Bank Ltd. 3.15%
Yes Bank Ltd. 2.94%
IDFC First Bank Ltd. 2.50%
RBL Bank Ltd. 1.62%
#KeepItSimple
Bank Nifty has underperformed Nifty since May 2021. As Nifty trades as all-time high, Bank Nifty is still struggling to move out of the range.
And the reason is Nifty Private Bank Index which is at the do-or-die level of breakout. Bulls need to break 19,000 level mark to turn the tide of Bank Nifty's underperformance.
Even RSI is hovering around the same level. The move above 19,000 on Private Bank Index can trigger bullish range shift in RSI.
Nifty Private Bank Index Constituents & Weightage:
HDFC Bank Ltd. 25.47%
ICICI Bank Ltd. 24.87%
Kotak Mahindra Bank Ltd. 12.77%
Axis Bank Ltd. 12.47%
IndusInd Bank Ltd. 10.67%
Bandhan Bank Ltd. 3.55%
Federal Bank Ltd. 3.15%
Yes Bank Ltd. 2.94%
IDFC First Bank Ltd. 2.50%
RBL Bank Ltd. 1.62%
#KeepItSimple
The roller coaster day on D-street, Nifty closes flat at 16,282 gaining 2points.
The gap area support and rising trendline highlighted in yesterday’s post market update, bulls grabbed an opportunity with both the hands at 16,160-16,200 and took market higher.
Bulls are in control but the risk of unhealthy market breadth is still the hanging sword.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The gap area support and rising trendline highlighted in yesterday’s post market update, bulls grabbed an opportunity with both the hands at 16,160-16,200 and took market higher.
Bulls are in control but the risk of unhealthy market breadth is still the hanging sword.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Nifty 500
The breakout, retest and resumption of bullish momentum - as a technical trader, you might have experienced this setup very often and this is the best low risk, high reward trade setup.
This structure is visible on Nifty 500 index when it retested the breakout of 13,750 on Wednesday.
The resumption in bullish momentum indicates the strength to go higher.
#KeepItSimple
The breakout, retest and resumption of bullish momentum - as a technical trader, you might have experienced this setup very often and this is the best low risk, high reward trade setup.
This structure is visible on Nifty 500 index when it retested the breakout of 13,750 on Wednesday.
The resumption in bullish momentum indicates the strength to go higher.
#KeepItSimple