Equity bears would cheer the last week's performance as Dow Jones and Sensex fell over 2.5%; the broader market stocks witnessed more selling pressure.
The global indices are trending on the thin line between bullish and bearish as we are witnessing the positive hidden divergence on the strength Indicator, Relative Strength Index (RSI) on the weekly chart of Dow Jones and Sensex. This week close will be decider of trend continuation or reversal.
On Nifty, 17,300 will act as major support area as the budget day low is 17,343 and 200DMA is placed at 17,368.
The Fear & Greed Indicator is at 20.47 indicating Extreme Fear. This levels were last seen in June 2022.
#PreMarket
#SGXNifty
The global indices are trending on the thin line between bullish and bearish as we are witnessing the positive hidden divergence on the strength Indicator, Relative Strength Index (RSI) on the weekly chart of Dow Jones and Sensex. This week close will be decider of trend continuation or reversal.
On Nifty, 17,300 will act as major support area as the budget day low is 17,343 and 200DMA is placed at 17,368.
The Fear & Greed Indicator is at 20.47 indicating Extreme Fear. This levels were last seen in June 2022.
#PreMarket
#SGXNifty
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US markets open higher and trades in a range; the bulls seems coming back at the support area of 200DEMA.
European markets continue to head higher with the gains of 0.7-1.5%; an outperforming indices in 2023.
Nifty breach the budget day of 17,343 and completes the Bullish AB=CD pattern on short-term chart. The reversal on cards till 17,279 is untouched.
On my moving average band of 234DEMA (High) and 234DEMA (Low), index is trading in the band. The last hour bullish tone from the band Indicates the bulls may end the bearish tone on the street.
BankNifty is indicating sign of reversal in the support area of 39,500-40,000; likely to lead the markets higher.
#PreMarket
#SGXNifty
European markets continue to head higher with the gains of 0.7-1.5%; an outperforming indices in 2023.
Nifty breach the budget day of 17,343 and completes the Bullish AB=CD pattern on short-term chart. The reversal on cards till 17,279 is untouched.
On my moving average band of 234DEMA (High) and 234DEMA (Low), index is trading in the band. The last hour bullish tone from the band Indicates the bulls may end the bearish tone on the street.
BankNifty is indicating sign of reversal in the support area of 39,500-40,000; likely to lead the markets higher.
#PreMarket
#SGXNifty
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The 12 Best Oversold Stocks to Add to Your Watchlist
Is it finally time to get in these oversold stocks in India?
Most Oversold Stocks in India
Here’s an extract…
Add these oversold stocks to your watchlist…
The minor trend on D-street is bearish but the primary and secondary trend is still bullish.
In the primary and secondary bullish trend, the buy-on-dips strategy in oversold stocks works great.
We shortlisted the stocks based on a 14-period RSI, weekly and daily.
Here is the list of stocks which are in the oversold zone on daily as well as weekly chart from the Nifty500 index.
http://www.eqtm.in/Pz54T
Is it finally time to get in these oversold stocks in India?
Most Oversold Stocks in India
Here’s an extract…
Add these oversold stocks to your watchlist…
The minor trend on D-street is bearish but the primary and secondary trend is still bullish.
In the primary and secondary bullish trend, the buy-on-dips strategy in oversold stocks works great.
We shortlisted the stocks based on a 14-period RSI, weekly and daily.
Here is the list of stocks which are in the oversold zone on daily as well as weekly chart from the Nifty500 index.
http://www.eqtm.in/Pz54T
Equitymaster
The 12 Best Oversold Stocks to Add to Your Watchlist
Is it finally time to get in these oversold stocks in India?
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Nifty - An Extreme Fear on D-Street
Since the start of 2023, the period of Indian share market's outperformance against global markets seems to be taking a pause.
Is it the right time for bargain buying?
The Indian share markets witnessed selling pressure and started the week with a negative bias.
The best way to check the market's sentiment is by the Fear and Greed indicator.
The Fear and Greed index is a popular sentiment indicator used by traders to measure the level of fear or greed in the market.
The index ranges from 0 to 100, with 80-100 as extreme greed and 0-20 as extreme fear.
On the Nifty 50 daily chart, if the Fear & Greed index goes below 20 (orange zone), it is the best buying opportunity, and the Nifty has entered this zone as it broke the budget 2023 lows of 17,343 today.
The reversal in the market can be on cards. I believe traders and investors should add oversold stocks to their watchlists.
The 12 Best Oversold Stocks to Add to Your Watchlist
#Nifty
#Fear&Greed
#KeepItSimple
Since the start of 2023, the period of Indian share market's outperformance against global markets seems to be taking a pause.
Is it the right time for bargain buying?
The Indian share markets witnessed selling pressure and started the week with a negative bias.
The best way to check the market's sentiment is by the Fear and Greed indicator.
The Fear and Greed index is a popular sentiment indicator used by traders to measure the level of fear or greed in the market.
The index ranges from 0 to 100, with 80-100 as extreme greed and 0-20 as extreme fear.
On the Nifty 50 daily chart, if the Fear & Greed index goes below 20 (orange zone), it is the best buying opportunity, and the Nifty has entered this zone as it broke the budget 2023 lows of 17,343 today.
The reversal in the market can be on cards. I believe traders and investors should add oversold stocks to their watchlists.
The 12 Best Oversold Stocks to Add to Your Watchlist
#Nifty
#Fear&Greed
#KeepItSimple
❤15👍8👎1
Indian markets fall for a straight eighth day and settled below 200DMA; Nifty ended at 17,303 losing 0.51%.
On the weekly chart, the Nifty is retesting the breakout of falling trendline and the 23-degree trendline.
The Fear & Greed index has slipped into an extreme fear zone indicating the reversal on cards. Watch video here
BankNifty / Nifty50 ratio chart indicates that BankNifty can outperform over Nifty50 as it reverses from the support of the horizontal trendline and 200DEMA.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
On the weekly chart, the Nifty is retesting the breakout of falling trendline and the 23-degree trendline.
The Fear & Greed index has slipped into an extreme fear zone indicating the reversal on cards. Watch video here
BankNifty / Nifty50 ratio chart indicates that BankNifty can outperform over Nifty50 as it reverses from the support of the horizontal trendline and 200DEMA.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
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Dow Jones lost all the January gains in February and closes the month near the year's low; loses 4% while Nasdaq outperforming with the loss of 0.5%.
Is IT, the sector of the year?
Nifty has broken the key support area of 17,279 but managed to close above the support; any close below the support area may accelerate the momentum below 17,000 levels.
The ratio chart of BankNifty/Nifty and FMCG/Nifty are showing sign of bullish momentum indicates an outperformance of BankNifty and FMCG over Nifty50 can be on cards in March series.
#PreMarket
#SGXNifty
Is IT, the sector of the year?
Nifty has broken the key support area of 17,279 but managed to close above the support; any close below the support area may accelerate the momentum below 17,000 levels.
The ratio chart of BankNifty/Nifty and FMCG/Nifty are showing sign of bullish momentum indicates an outperformance of BankNifty and FMCG over Nifty50 can be on cards in March series.
#PreMarket
#SGXNifty
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A bold call on the charts of Adani Enterprises 🐎
#BullishHarmonic
https://www.equitymaster.com/detail.asp?date=03/01/2023&story=2&title=4-Reasons-Why-Adani-Group-Stocks-are-Falling&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=link
#BullishHarmonic
https://www.equitymaster.com/detail.asp?date=03/01/2023&story=2&title=4-Reasons-Why-Adani-Group-Stocks-are-Falling&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=link
Equitymaster
4 Reasons Why Adani Group Stocks are Falling
Here's everything you need to know about the recent selloff in Adani group stocks.
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Forwarded from Equitymaster
Quick Poll: My No. 1 investment pick currently is...
Final Results
65%
Stocks / Equity Mutual Funds
12%
Fixed Deposits / Bonds
8%
Gold / Silver
5%
Real Estate
11%
None of the above. I am holding Cash
Forwarded from Equitymaster
For Options Traders Only: How much did you earn trading options in the last 1 year? Unlike the cocktail party traders, count all your trades...the good ones, and the not so good ones as well! :)
Final Results
9%
Over 25%
15%
Between 10% and 25%
17%
Less than 10%
59%
No, I made a loss
❤2
US markets trends in the range; Dow Jones closed on a flat note but IT stocks were under pressure.
Indian markets witnessed bullish momentum ending the eight days losing streak.
On the charts, the Nifty has reversed from multiple technical setups:
1. Bullish Harmonic AB=CD
2. The long-term high-low band of 234DEMA
3. An extreme fear counts on Fear & Greed Indicator.
4. The breakout retest of falling trendline from the high of 18,887.
5. The hidden positive divergence on RSI
Incase you have missed my video on Nifty, Watch here
On weekly expiry, Nifty is likely to hover between 17,368-17-545.
BankNifty is showing a sign of outperformance; 41,231 is the major hurdle for bulls.
#PreMarket
#SGXNifty
Indian markets witnessed bullish momentum ending the eight days losing streak.
On the charts, the Nifty has reversed from multiple technical setups:
1. Bullish Harmonic AB=CD
2. The long-term high-low band of 234DEMA
3. An extreme fear counts on Fear & Greed Indicator.
4. The breakout retest of falling trendline from the high of 18,887.
5. The hidden positive divergence on RSI
Incase you have missed my video on Nifty, Watch here
On weekly expiry, Nifty is likely to hover between 17,368-17-545.
BankNifty is showing a sign of outperformance; 41,231 is the major hurdle for bulls.
#PreMarket
#SGXNifty
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Fast Profits Daily - Stocks Under Rs 200 to Add to Your Watchlist
Can you trade these 'under 200' stocks? Find out...
http://www.eqtm.in/Nw37T
Can you trade these 'under 200' stocks? Find out...
http://www.eqtm.in/Nw37T
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Dow Jones forms Morning Doji Star bullish reversal pattern on the daily chart; reclaims 33,000 after taking support at 32,500.
SGX Nifty trades 100+pts higher at 17,475; 17,500 still a hurdle for bulls.
The bearish momentum on weekly expiry held the previous swing low of 17,256 on Nifty; break of 17,567 confirms the reversal on chart.
Focus on Energy stocks as bullish head and shoulder is visible on short-term charts; confirms breakout above 22,022 (Close-21,900)
#SGXNifty
#PreMarket
SGX Nifty trades 100+pts higher at 17,475; 17,500 still a hurdle for bulls.
The bearish momentum on weekly expiry held the previous swing low of 17,256 on Nifty; break of 17,567 confirms the reversal on chart.
Focus on Energy stocks as bullish head and shoulder is visible on short-term charts; confirms breakout above 22,022 (Close-21,900)
#SGXNifty
#PreMarket
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Fast Profits Daily
BankNifty @ 200DEMA Can the Bulls manage to hold the support on Expiry Day? (CMP-39825) 👍🏻 Yes 👎🏻 No
BankNifty witnessed a reversal from its 200DEMA.... forming a swing bottom at 39,400-39,600.
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Fast Profits Daily
https://youtu.be/dUqtIJrr85k
Have you missed it?
Nifty is reacting to this technical setup. The close above 17,550 confirms the reversal.
Anyone for new highs?
👍🏻 Yes
👎🏻 No
❤️ Khayaloon Mein 😊
Nifty is reacting to this technical setup. The close above 17,550 confirms the reversal.
Anyone for new highs?
👍🏻 Yes
👎🏻 No
❤️ Khayaloon Mein 😊
👍163👎53❤24
Worry free wealth building with Momentum Investing? Discover Equitymaster’s brand new investing system.
Details here
http://www.eqtm.in/Jn28L
Details here
http://www.eqtm.in/Jn28L
👍6
The D-Street and Wall-Street dance on the tune of bulls on Friday as Sensex and Dow Jones gained 1.53% and 1.17% respectively.
I have highlighted the chart setup of Nifty last week when index was trading at support zone and in an extremely fear zone. Index has reversed from the key support area and heading higher. Watch video here
SGX Nifty is indicating a positive opening around ~17,700; 18,000 seems on cards.
Should you buy large cap or Midcap? Which is the best sector for trading?
I will answer these questions in my upcoming video. Stay tune.
#SGXNifty
#PreMarket
I have highlighted the chart setup of Nifty last week when index was trading at support zone and in an extremely fear zone. Index has reversed from the key support area and heading higher. Watch video here
SGX Nifty is indicating a positive opening around ~17,700; 18,000 seems on cards.
Should you buy large cap or Midcap? Which is the best sector for trading?
I will answer these questions in my upcoming video. Stay tune.
#SGXNifty
#PreMarket
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BankNifty - Bulls need to break 42,200 📈
* Double Bottom
* Positive Crossover on MACD
* Consolidating between 50DEMA and 200DEMA
* Horizontal trendline
#BankNifty
#KeepItSimple
* Double Bottom
* Positive Crossover on MACD
* Consolidating between 50DEMA and 200DEMA
* Horizontal trendline
#BankNifty
#KeepItSimple
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