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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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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Which are your favourite investing themes presently?
Please go here and participate in this ANONYMOUS survey.
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US markets tumble as Fed increase rate by 25bps to fight inflation; banking sector put pressure on Wallstreet ad Dow Jones Bank Index fell by 3.8%.
On the daily chart of Dow Jones, index reversed after retesting the triangle breakdown indicating the resumption of bearish trend. The bearish momentum may negate only on break of 33,000. Chart here
On Nifty, the gap-up opening yesterday lacked momentum as index traded in the range of 17,100-17,175.
SGX Nifty signals ~50pts gap down after US markets ended on negative note.
The derivative structure of weekly expiry indicates the range of 17,000-17,200 on Nifty.
Technically, the dip to 16,930-17,000 at 61.8% Fibonacci retracement can be an opportunity for bulls.
BankNifty may remain under pressure as US Bank Index dip by 3.8%.
#PreMarket
#SGXNifty
On the daily chart of Dow Jones, index reversed after retesting the triangle breakdown indicating the resumption of bearish trend. The bearish momentum may negate only on break of 33,000. Chart here
On Nifty, the gap-up opening yesterday lacked momentum as index traded in the range of 17,100-17,175.
SGX Nifty signals ~50pts gap down after US markets ended on negative note.
The derivative structure of weekly expiry indicates the range of 17,000-17,200 on Nifty.
Technically, the dip to 16,930-17,000 at 61.8% Fibonacci retracement can be an opportunity for bulls.
BankNifty may remain under pressure as US Bank Index dip by 3.8%.
#PreMarket
#SGXNifty
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Fast Profits Daily
The volatile day on Wall-Street ends in green with the gains of 0.33% on Dow Jones; Nasdaq gains 0.72%. Nifty manage to close above 17,500 on expiry day; hovering around 200DEMA. SGX Nifty is trading 88 points higher at 17,645; the spot Nifty needs to close…
Gold ₹59,500
Silver ₹70,000
🔥🔥🔥
Silver ₹70,000
🔥🔥🔥
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The volatile day on Wall-Street ends on positive note; IT gains while Banks fall.
Asian markets starts the day on negative note with Nikkei and Hangseng down over half a percent, SGX trades on a flat note with -17 points.
On Nifty, index is likely to break 17,000 resulting in bear trap. This bear trap may rally towards 17,430 by next week.
On BankNifty, the major support for the day is placed at 39,316-39,387 zone; any dip in this zone can be an accumulation level.
#PreMarket
#SGXNifty
Asian markets starts the day on negative note with Nikkei and Hangseng down over half a percent, SGX trades on a flat note with -17 points.
On Nifty, index is likely to break 17,000 resulting in bear trap. This bear trap may rally towards 17,430 by next week.
On BankNifty, the major support for the day is placed at 39,316-39,387 zone; any dip in this zone can be an accumulation level.
#PreMarket
#SGXNifty
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Nifty - At Intraday Support 📈
Hey Traders,
It's time to look for intraday longs as the index is trading at the support zone.
1. Trendline breakout retest
2. Ichimoku cloud support
3. Psychological level of 17,000
The pattern negates below 16,957.
#Nifty
#KeepItSimple
Hey Traders,
It's time to look for intraday longs as the index is trading at the support zone.
1. Trendline breakout retest
2. Ichimoku cloud support
3. Psychological level of 17,000
The pattern negates below 16,957.
#Nifty
#KeepItSimple
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Fast Profits Daily - Should You Invest in Special Chemical Stocks?
The risk-reward equation is favorable in the specialty chemical sector right now. Watch out for these stocks…
http://www.eqtm.in/s3Z4T
The risk-reward equation is favorable in the specialty chemical sector right now. Watch out for these stocks…
http://www.eqtm.in/s3Z4T
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