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

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

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
❤️ Khayaloon Mein 😊

Worry free wealth building with Momentum Investing? Discover Equitymaster’s brand new investing system.

Details here

http://www.eqtm.in/Jn28L

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

SGXNifty - Low @ 17,645 (CMP-17,780) 📈

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

Are Sugar stocks in sweet-spot?

👍🏻 Yes
👎🏻 No

Backed by two centuries of market data, this strategy has a history of outperforming value investing.

Details here

http://www.eqtm.in/Jn28L

Fast Profits Daily - Sugar Rush on Dalal Street

Should you trade sugar stocks now? Find out...

http://www.eqtm.in/e2S8C

Dow Jones holding the major support of 32,500....


Come on Bulls let's go for 34,400 now 📈

US market tumbles in the last hour to end below the key support area of 32,400; ends at 32,254 losing 1.66%.

SGX Nifty indicates the gap-down opening of over 120pts.

On Nifty chart, the lower high - lower low structure indicates the bears are in control of the trend. The bulls can take control only on a break of 17,800.

Technically, the test of 17,189 can be on cards on Nifty.

On BankNifty, the break of 41,000 confirms the double top pattern on hourly chart with lower highs. The breakdown can result in test of 40,456.

#SGXNifty
#PreMarket