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

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

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

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

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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

BankNifty witnessed a reversal from its 200DEMA.... forming a swing bottom at 39,400-39,600.

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
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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

BankNifty - Bulls need to break 42,200 📈

* Double Bottom
* Positive Crossover on MACD
* Consolidating between 50DEMA and 200DEMA
* Horizontal trendline

#BankNifty
#KeepItSimple

Dow Jones -Swinging with Doji's between Averages 📈📉

1. Triangle pattern
2. Swing and reversal with doji, the candlestick pattern
3. Hovering around the 50DEMA (blue) and 200DEMA (orange)
4. Bulls vs Bears between 32,400-34,400

#KeepItSimple
#DJIA

Fed, the party spoiler on Wall-Street as the Chairman Powell's hawkish commentary signals the 50bps hike this month; Dow Jones plunge by 575 points. The key support area for index is placed at 32,400.

SGX Nifty slips from 17,850 to 17,725 after US markets tumble; Hang Seng trades lower by 2%.

On Nifty, 17,678-17,656 will be the key support area for bulls today. If bulls manage to hold, the momentum towards 18,000 can be on cards.

The two sectors to buy in dips are.... Watch here

#SGXNifty
#PreMarket

#SGXNifty - Bulls need to protect 17,645-17,670 📈📉

1. 50HEMA (blue)
2. 200HEMA (orange)
3. Fibonacci retracement

#KeepItSimple