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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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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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 😊
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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
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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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
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
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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
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
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#SGXNifty - Bulls need to protect 17,645-17,670 📈📉
1. 50HEMA (blue)
2. 200HEMA (orange)
3. Fibonacci retracement
#KeepItSimple
1. 50HEMA (blue)
2. 200HEMA (orange)
3. Fibonacci retracement
#KeepItSimple
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Fast Profits Daily
#SGXNifty - Bulls need to protect 17,645-17,670 📈📉 1. 50HEMA (blue) 2. 200HEMA (orange) 3. Fibonacci retracement #KeepItSimple
SGXNifty - Low @ 17,645 (CMP-17,780) 📈
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The gap-down and reversal on Dalal street yesterday indicates the strength in the bullish momentum as Nifty and Sensex gains 0.2%.
SGXNifty is trending on a flat note after US markets ends on a mixed bag.
On Nifty, 17,600-17,576 will be key support area while 17,839 may act as minor hurdle.
The volume-spread analysis signals sector to focus in this reversal move will be IT which can lead markets higher.
#SGXNifty
#PreMarket
SGXNifty is trending on a flat note after US markets ends on a mixed bag.
On Nifty, 17,600-17,576 will be key support area while 17,839 may act as minor hurdle.
The volume-spread analysis signals sector to focus in this reversal move will be IT which can lead markets higher.
#SGXNifty
#PreMarket
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