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

SGX Nifty - The Breakout ABOVE 17,632 📈

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

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

Energy Stocks gaining momentum 📈

To follow price action, Click here

Global equity markets ended in green for straight second week confirming the bulls are back in the game; Dow Jones and Nifty gain 0.63% and 1.38% respectively.

Nifty trade and close above the long-term moving average of 200days; the breakout of falling channel at 17,640 may confirm the trend reversal on charts. The breakout may take index to 18,000+ levels.

On BankNifty, the falling trendline resistance is placed at 41,330; the breakout can trigger short-covering rally to 42,000+ levels.

SGX Nifty indicate a positive opening of 50points at 17,695.

#SGXNIFTY
#PreMarket

Nifty Infra - Is this Next? 📈

Nifty - Bearish Harmonic Pattern 📉

BankNifty down over 400points since this alert 📉

US and Indian markets trade on a flat to positive note yesterday while European markets rally from 0.5-1%.

The bearish harmonic pattern at the falling channel resistance is witnessed on the daily chart of Nifty indicating the pause to the bullish momentum. The bullish momentum may resume on a break of 17,715; failure can test 17,400-17,300 zone. Chart here

BankNifty underperformed yesterday after breaking below 41,000; the support for the day is placed at 40,389-40,120.

#SGXNifty
#PreMarket

Here's a list of stocks to watch out for today. This list is updated LIVE, so be sure to check back regularly... http://www.eqtm.in/Me4d3

Fast Profits Daily - Godrej Properties or DLF: Should You Invest in Realty Stocks?

Which real estate stock is currently favoured by the charts? Find out...

http://www.eqtm.in/Ex25P

Indian markets gain for straight seven days reclaiming 17,700 on Nifty; end with a gains of 0.5%.

On Nifty, the previous swing high of 17,799 will be an important break for bulls as this will end the lower high - lower low bearish structure and confirm trend reversal as per Dow Theory.

The channel breakout on Nifty and trendline breakout on BankNifty indicates the bulls are in control of the trend on D-Street.

Realty stocks are in focus for last few days. Should you invest after the rally? Watch the chart structure and levels here

#PreMarket
#SGXNifty

Nifty Auto Index - Turning bullish from the support area 📈

Nifty Auto index rallied over 7% in 7 days, continuing its bullish momentum.

Index has turned bullish from the resistance-turned-support levels and heading towards the resistance zone of 13,400-13,600.

Can it break the roof and head higher?
👍🏻 Yes
👎🏻 No
❤️ Not Sure

Indian markets rally for straight eight days; Nifty ends the lower high - lower low structure by surpassing 17,799; ends the day at 17,812.

Dow Jones trades in a narrow range while Nasdaq dips by 0.85%.

On Nifty, 17,700-17,659 will act as support zone for today's expiry while the bullish momentum may prolong towards 17,919 today.

BankNifty bulls may face major hurdle at 41,800-41,856 zone while 41,427 will act as support for today's expiry.

#PreMarket
#SGXNifty

HDFC leading Nifty to 18,000 🔥

HDFC Ltd has hit a 52-week high surpassing the historic day high of 4th April 2022.

On the ratio chart of HDFC/Nifty50, the trendline breakout indicates an outperformance of HDFC over Nifty50.

If the ratio continues to head higher, it will lead Nifty towards the 18,000 mark.

HDFC Ltd weighs ~6% in the Nifty50 index.

#Nifty
#HDFC
#KeepItSimple