Dow Jones recovered in the second half by 450pts from low; ends below 32,000 mark at 31,874.
SGX Nifty trading below 16,900 last evening recovered to trade around 16,975; 17,056 will be the major hurdle for bulls.
Nifty closed below 17,000 for the first time in 2023; trades at 5months low.
The previous swing low of 16,747 on Nifty will mark the major breakdown on the weekly chart. The lower high - lower low swings indicates the bears are in control of the trend.
BankNifty break and close below the major support of 39,400 signals the reversal on charts.
On weekly expiry, 17,000-17,050 will act as major hurdle and 39,400-39,500 on Bank Nifty.
#SGXNifty
#PreMarket
SGX Nifty trading below 16,900 last evening recovered to trade around 16,975; 17,056 will be the major hurdle for bulls.
Nifty closed below 17,000 for the first time in 2023; trades at 5months low.
The previous swing low of 16,747 on Nifty will mark the major breakdown on the weekly chart. The lower high - lower low swings indicates the bears are in control of the trend.
BankNifty break and close below the major support of 39,400 signals the reversal on charts.
On weekly expiry, 17,000-17,050 will act as major hurdle and 39,400-39,500 on Bank Nifty.
#SGXNifty
#PreMarket
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It's green on the global equity indices on the back of short covering rally on Wallstreet and Dalal Street.
Dow Jones gains over a percent while Nasdaq gains 2%.
SGX Nifty is indicating a gap-up of over 100pts at 17,130.
On Nifty, the break of 17,256 is crucial to confirm the reversal on charts.
The positive divergence on daily RSI signals reversal on cards while the major support of 38,500-38,400 on weekly chart of BankNifty indicates the bears may lose momentum.
IT Index can be in focus as Nasdaq gains 2% and the Bullish Reciprocal AB=CD harmonic pattern on Nifty IT Index suggest bullish momentum.
#PreMarket
#SGXNifty
Dow Jones gains over a percent while Nasdaq gains 2%.
SGX Nifty is indicating a gap-up of over 100pts at 17,130.
On Nifty, the break of 17,256 is crucial to confirm the reversal on charts.
The positive divergence on daily RSI signals reversal on cards while the major support of 38,500-38,400 on weekly chart of BankNifty indicates the bears may lose momentum.
IT Index can be in focus as Nasdaq gains 2% and the Bullish Reciprocal AB=CD harmonic pattern on Nifty IT Index suggest bullish momentum.
#PreMarket
#SGXNifty
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Good BYE Sensex - Great BUY Gold
The Sensex by Gold Ratio Chart compares the value of the Indian stock market, represented by the Sensex index, to the price of gold. The chart plots the Sensex divided by the price of gold over a specific period of time.
This chart is useful for analyzing the relative performance of the stock market and gold.
A rising ratio indicates that the stock market is outperforming gold, while a falling ratio indicates that gold is outperforming the stock market.
By tracking this ratio over time, investors can identify trends and make informed decisions about their investment portfolios.
Sensex/Gold Ratio Chart
The weekly chart above shows that the breakdown from the head & shoulders technical pattern indicates it’s time to say goodbye to Sensex and buy gold.
Risk-off Phase
It is also called the risk-off phase of investments, when investors tend to sell higher-risk assets - stocks and shift their investments to lower-risk assets - gold, and cash.
#Sensex
#Gold
The Sensex by Gold Ratio Chart compares the value of the Indian stock market, represented by the Sensex index, to the price of gold. The chart plots the Sensex divided by the price of gold over a specific period of time.
This chart is useful for analyzing the relative performance of the stock market and gold.
A rising ratio indicates that the stock market is outperforming gold, while a falling ratio indicates that gold is outperforming the stock market.
By tracking this ratio over time, investors can identify trends and make informed decisions about their investment portfolios.
Sensex/Gold Ratio Chart
The weekly chart above shows that the breakdown from the head & shoulders technical pattern indicates it’s time to say goodbye to Sensex and buy gold.
Risk-off Phase
It is also called the risk-off phase of investments, when investors tend to sell higher-risk assets - stocks and shift their investments to lower-risk assets - gold, and cash.
#Sensex
#Gold
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Fast Profits Daily - Bank Stocks Crash from Wall Street to Dalal Street
My view on the crash in bank stocks globally.
http://www.eqtm.in/j4GWm
My view on the crash in bank stocks globally.
http://www.eqtm.in/j4GWm
❤5👍3
The volatile week on Wall-Street ends on a flat note of -0.15% on Dow Jones; Nasdaq gains 5.8%.
SGX Nifty is trading down by 100pts at 17,060; 17,000 will be the major support area on Nifty Futures.
Gold and Silver rallied on Friday as equity markets trends weak.
On Nifty, bulls need to protect 16,850-16,735 zone this week for reversals. The positive divergence on the multiple timefram charts signals reversal on cards.
#PreMarket
#SGXNifty
SGX Nifty is trading down by 100pts at 17,060; 17,000 will be the major support area on Nifty Futures.
Gold and Silver rallied on Friday as equity markets trends weak.
On Nifty, bulls need to protect 16,850-16,735 zone this week for reversals. The positive divergence on the multiple timefram charts signals reversal on cards.
#PreMarket
#SGXNifty
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Can Nifty IT follow Nasdaq?
Nasdaq was an outperforming index on Wall Street last week with gains of 5.8% last week.
The bullish engulfing candlestick pattern is witnessed on the weekly chart indicating the reversal on cards.
Bullish reversal candlestick pattern is formed at the 200WEMA (Weekly Exponential Moving Average).
The previous swing low of 27,908 may act as support zone.
Can the Nifty IT index follow the footsteps of Nasdaq and witness the rally this week?
👍🏻 Yes
👎🏻 No
Nasdaq was an outperforming index on Wall Street last week with gains of 5.8% last week.
The bullish engulfing candlestick pattern is witnessed on the weekly chart indicating the reversal on cards.
Bullish reversal candlestick pattern is formed at the 200WEMA (Weekly Exponential Moving Average).
The previous swing low of 27,908 may act as support zone.
Can the Nifty IT index follow the footsteps of Nasdaq and witness the rally this week?
👍🏻 Yes
👎🏻 No
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Here's a list of stocks to watch out for today in the Indian share market. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3
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Our systems analyst, Rahul Shah has just started his online meeting on Momentum Investing. Equitymaster readers are invited to join.
Join here
http://www.eqtm.in/Hy57P
Join here
http://www.eqtm.in/Hy57P
👍2❤1
Dow Jones gains over a percent to close at 32,244; Gold reclaims $2,000 mark.
SGX Nifty indicating a positive opening of ~50points at 17,075.
On Nifty, the last hour rally marks the bear trap at the break of previous swing low of 16,850; 16,700 will be make-or-break for bulls. The break of 17,230 will confirm the reversal, till than the bears have an upper hand of an ongoing trend.
BankNifty manage to hold 39,000 in yesterday's session; break of 39,670 may trigger short covering rally above 40,000.
#PreMarket
#SGXNifty
SGX Nifty indicating a positive opening of ~50points at 17,075.
On Nifty, the last hour rally marks the bear trap at the break of previous swing low of 16,850; 16,700 will be make-or-break for bulls. The break of 17,230 will confirm the reversal, till than the bears have an upper hand of an ongoing trend.
BankNifty manage to hold 39,000 in yesterday's session; break of 39,670 may trigger short covering rally above 40,000.
#PreMarket
#SGXNifty
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Nifty - Trending between Gaps 📈📉
A gap-up and bears back in action in the first 30mins of the day on Nifty.
Index is trending between the gap area of 16,985-17,085 but breadth is inclined towards bulls with 30 out of 50 stocks gaining in Nifty50 and Advance-Decline breadth of 2:1 on NSE.
For day traders, the range of 16,957-17,135 will be crucial to watch; either side break can accelerate the momentum.
Levels to watch on Nifty:
Support - 16,995-16,957
Resistance - 17,089-17,135
#Nifty
#TradingLevels
A gap-up and bears back in action in the first 30mins of the day on Nifty.
Index is trending between the gap area of 16,985-17,085 but breadth is inclined towards bulls with 30 out of 50 stocks gaining in Nifty50 and Advance-Decline breadth of 2:1 on NSE.
For day traders, the range of 16,957-17,135 will be crucial to watch; either side break can accelerate the momentum.
Levels to watch on Nifty:
Support - 16,995-16,957
Resistance - 17,089-17,135
#Nifty
#TradingLevels
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Happy Gudipadwa 🎊
US markets rally on the back of banking stocks; Dow Jones Banking index gains 3.85%.
Bank Nifty in yesterday's session outperformed over Nifty; banks will in focus.
During the banking crisis, I have recorded the video on Bank Index and highlighted the reversal from support can be on cards. Watch here
On Nifty, 16,957 will be the key support area and 17,235 as resistance for the day.
SGX Nifty indicates positive opening of 37 points at 17,181.
#SGXNifty
#PreMarket
US markets rally on the back of banking stocks; Dow Jones Banking index gains 3.85%.
Bank Nifty in yesterday's session outperformed over Nifty; banks will in focus.
During the banking crisis, I have recorded the video on Bank Index and highlighted the reversal from support can be on cards. Watch here
On Nifty, 16,957 will be the key support area and 17,235 as resistance for the day.
SGX Nifty indicates positive opening of 37 points at 17,181.
#SGXNifty
#PreMarket
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Forwarded from Equitymaster
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Which are your favourite investing themes presently?
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