Global and domestic markets traded in the range yesterday; Asian indices starts off the day on a positive note with HangSeng up by 2.5% and Nikkei by 0.5%.
SGX Nifty trades up by 0.5% at 17,078.
It's a tug of war between 17000CE and 17000PE Option Writers this expiry as 17000CE OI stands at 2.86L and 17000PE at 1.97L contracts. It indicates another range-bound day on the index while stock volatility may prolong.
Technically, the break of 16,900 may trigger the fall towards 16,800 while 17,135 may act as a resistance zone on Nifty.
On BankNifty, the index is likely to trade in the range of 36,867-40,200.
#PreMarket
#SGXNifty
SGX Nifty trades up by 0.5% at 17,078.
It's a tug of war between 17000CE and 17000PE Option Writers this expiry as 17000CE OI stands at 2.86L and 17000PE at 1.97L contracts. It indicates another range-bound day on the index while stock volatility may prolong.
Technically, the break of 16,900 may trigger the fall towards 16,800 while 17,135 may act as a resistance zone on Nifty.
On BankNifty, the index is likely to trade in the range of 36,867-40,200.
#PreMarket
#SGXNifty
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US and European markets trade on a positive note this week. Dow Jones trying to fail the triangle breakdown if it closes above 32,800 today, a weekly close.
Indian indices have underperformed global markets this month. European markets are approaching towards monthly high indicating the continuation of bullish trend.
On Nifty, the expiry close above 17,000 is a bullish sign. The close above 17,260 today may confirm reversal on weekly and monthly chart.
On BankNifty, the close above 40,215 will confirm the breakout from inside-bar pattern on the weekky chart.
Do remember, MF may trigger the buying in the second half on account of Financial Year closing.
Today's close will be weekly, monthly, quarterly and FY22-23 close.
#PreMarket
#SGXNifty
Indian indices have underperformed global markets this month. European markets are approaching towards monthly high indicating the continuation of bullish trend.
On Nifty, the expiry close above 17,000 is a bullish sign. The close above 17,260 today may confirm reversal on weekly and monthly chart.
On BankNifty, the close above 40,215 will confirm the breakout from inside-bar pattern on the weekky chart.
Do remember, MF may trigger the buying in the second half on account of Financial Year closing.
Today's close will be weekly, monthly, quarterly and FY22-23 close.
#PreMarket
#SGXNifty
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Fast Profits Daily
Nifty Energy Index – Bulls Capitalizing on Technical Supports Index has corrected over 16% in the first two months of 2023 but the recovery in March indicates a sign of reversal on the chart. On the weekly chart, the index is trading at the confluence of…
Nifty Energy - Bulls Capitalizing...
Are you in the Game? 📈💰
👍🏻 Yes
👎🏻 Missed it 🥴
Are you in the Game? 📈💰
👍🏻 Yes
👎🏻 Missed it 🥴
👍63👎46
It was everything for bulls on Friday as the Financial Year 20222-2023 ends on a positive note.
The winner for first quarter of 2023 is European markets as DAX and CAC40 gain over 12% while Dow Jones end on a flat note with 0.4%. Indian markets underperform with loss of 4%.
In the truncated week, Nifty is expected to trade bullish with major hurdle at 17,576 on charts - first the gap and second the death cross of exponential moving averages at 17,530.
On BankNifty, the range of 41,300-40,000 will be crucial to watch this week. Chart here
SGXNifty indicates positive opening above 17,450.
#PreMarket
#SGXNifty
The winner for first quarter of 2023 is European markets as DAX and CAC40 gain over 12% while Dow Jones end on a flat note with 0.4%. Indian markets underperform with loss of 4%.
In the truncated week, Nifty is expected to trade bullish with major hurdle at 17,576 on charts - first the gap and second the death cross of exponential moving averages at 17,530.
On BankNifty, the range of 41,300-40,000 will be crucial to watch this week. Chart here
SGXNifty indicates positive opening above 17,450.
#PreMarket
#SGXNifty
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Fast Profits Daily
https://youtu.be/TMm-QIujxZU
Gold 61,000+ and Silver 74,700 on MCX Futures 🔥
👏13👍3❤1
After a bullish move last week, Dow Jones starts the week on a positive note; gains a percent on Monday while traded in a range yesterday losing 0.59%.
On the daily chart of Dow Jones, the triangle breakdown failure indicates an end to the bearish momentum; the break of 34,300 will open the doors for higher levels above 36,000.
Nifty started the April Future series with a bang; the 17,500-17,700 band is a major hurdle for bulls.
SGX Nifty indicates a positive opening of 50 points; the 3 months falling trendline breakout above 17,632 indicates the test of 18,000 levels.
BankNifty may reclaim 41,000 levels today but 41,300 is a must-break for bulls to resume the bullish momentum.
Trading levels to watch:
Nifty 17,279-17,541
BankNifty: 40,563-41,338
#PreMarket
#SGXNifty
On the daily chart of Dow Jones, the triangle breakdown failure indicates an end to the bearish momentum; the break of 34,300 will open the doors for higher levels above 36,000.
Nifty started the April Future series with a bang; the 17,500-17,700 band is a major hurdle for bulls.
SGX Nifty indicates a positive opening of 50 points; the 3 months falling trendline breakout above 17,632 indicates the test of 18,000 levels.
BankNifty may reclaim 41,000 levels today but 41,300 is a must-break for bulls to resume the bullish momentum.
Trading levels to watch:
Nifty 17,279-17,541
BankNifty: 40,563-41,338
#PreMarket
#SGXNifty
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Global markets trade flat to negative yesterday with Nasdaq losing over a percent; Indian IT stocks may be under pressure after yesterday's bullish momentum.
SGX Nifty trades down by 50pts at 17,575.
RBI monetary policy today may set the tone for banking stocks; 41,000-41,300 zone will be the major hurdle for bulls.
On Nifty, the 10th March 2023 gap was filled but the hurdle of falling channel and 200DEMA placed around 17,615-17,640 will confirm the trend change.
On weekly expiry, the trading levels to watch are:
Nifty : 17,417-17,630
BankNifty : 40,379-41,343
#SGXNifty
#PreMarket
SGX Nifty trades down by 50pts at 17,575.
RBI monetary policy today may set the tone for banking stocks; 41,000-41,300 zone will be the major hurdle for bulls.
On Nifty, the 10th March 2023 gap was filled but the hurdle of falling channel and 200DEMA placed around 17,615-17,640 will confirm the trend change.
On weekly expiry, the trading levels to watch are:
Nifty : 17,417-17,630
BankNifty : 40,379-41,343
#SGXNifty
#PreMarket
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BankNifty and Banking Stocks Ahead of RBI Monetary Policy 📈📉💰
What's your take on the RBI decision?
👍🏻 Hike
👎🏻 Cut
❤️ Unchanged
What's your take on the RBI decision?
👍🏻 Hike
👎🏻 Cut
❤️ Unchanged
👍94❤41👎4
BankNifty - Bearish Harmonic 📉
It's time to book profits on longs in BankNifty ahead of a long weekend.
The bullish momentum may resume on a break above 41,415.
Traders can expect profit bookings in the second half of the day as per the bearish harmonic pattern.
If the pattern fails, one can re-enter longs on the breakout.
(CMP-41200)
#HarmonicPattern
#BankNifty
#KeepItSimple
It's time to book profits on longs in BankNifty ahead of a long weekend.
The bullish momentum may resume on a break above 41,415.
Traders can expect profit bookings in the second half of the day as per the bearish harmonic pattern.
If the pattern fails, one can re-enter longs on the breakout.
(CMP-41200)
#HarmonicPattern
#BankNifty
#KeepItSimple
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