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 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
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Fast Profits Daily
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…
BankNifty down over 400points since this alert 📉
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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
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
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Forwarded from Equitymaster
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
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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
Which real estate stock is currently favoured by the charts? Find out...
http://www.eqtm.in/Ex25P
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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
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
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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
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
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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
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
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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
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
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SGX Nifty indicates negative opening of over 100pts as Dow Jones ends on a negative note on Friday.
The channel breakout retest at 17,650 on Nifty may be a bargain buying levels for bulls.
Nifty IT index corrected over 2% on Thursday but the bearish momentum halted at the gap support; 28,000 will be key support level on chart.
BankNifty reaclaimed 42,000 levels and breaks out of multiple resistance zone; 41,600-41,900 may act as demand zone for bulls this week.
#SGXNifty
#PreMarket
The channel breakout retest at 17,650 on Nifty may be a bargain buying levels for bulls.
Nifty IT index corrected over 2% on Thursday but the bearish momentum halted at the gap support; 28,000 will be key support level on chart.
BankNifty reaclaimed 42,000 levels and breaks out of multiple resistance zone; 41,600-41,900 may act as demand zone for bulls this week.
#SGXNifty
#PreMarket
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Forwarded from Equitymaster
A super special episode of the Investor Hour...
My Guest?
The very successful...very renowned and the very learned...Mohnish Pabrai.
I hope you will make time and watch the complete episode!
Here you go...
https://www.youtube.com/watch?v=IYoYi-M6e1M
Happy Watching!
My Guest?
The very successful...very renowned and the very learned...Mohnish Pabrai.
I hope you will make time and watch the complete episode!
Here you go...
https://www.youtube.com/watch?v=IYoYi-M6e1M
Happy Watching!
YouTube
Mohnish Pabrai on Investing in Stocks that Make “No Sense” | Investor Hour
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/a8A3L
Popularly recognised as a disciple of Warren Buffett and Charlie Munger, Mohnish Pabrai has a knack for picking multibagger stocks...across the world.
Based out of the…
Popularly recognised as a disciple of Warren Buffett and Charlie Munger, Mohnish Pabrai has a knack for picking multibagger stocks...across the world.
Based out of the…
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US markets rebound in the last hour led by banking stocks; US Bank Index gains 2.17%.
As US Bank Index gains, the reversal in BankNifty yesterday sets bullish tone; eyes on 42,800-43,000 mark. The new base for the April series is 41,289-41,643.
On Nifty, IT dragged the index down led by Infosys.
Technically, 17489-17,567 may act as major support zone while 18,000 act as the wall.
Focus on Energy and Gas stocks, chart indicates the northward momentum.
#PreMarket
#SGXNifty
As US Bank Index gains, the reversal in BankNifty yesterday sets bullish tone; eyes on 42,800-43,000 mark. The new base for the April series is 41,289-41,643.
On Nifty, IT dragged the index down led by Infosys.
Technically, 17489-17,567 may act as major support zone while 18,000 act as the wall.
Focus on Energy and Gas stocks, chart indicates the northward momentum.
#PreMarket
#SGXNifty
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Copper - Cup & Handle Breakout....But 😏
On Thursday, MCX Copper broke out of bullish cup and handle technical pattern which indicates resumption in bullish trend.
The Friday begins with the bullish momentum but ends with the gravestone doji, the bearish reversal candlestick pattern.
This week starts with open = high so far forming bearish engulfing candlestick pattern on the daily chart.
On a positive side, the breakout is retested and it will be important to watch the momentum between Rs.770-790 zone which will decide the success or failure of the bullish pattern cup and handle.
The break of Rs.755 will negate the bullish pattern and confirm the reversal.
The candlestick patterns indicate the cup and handle pattern is in danger.
#MCX
#Copper
#KeepItSimple
On Thursday, MCX Copper broke out of bullish cup and handle technical pattern which indicates resumption in bullish trend.
The Friday begins with the bullish momentum but ends with the gravestone doji, the bearish reversal candlestick pattern.
This week starts with open = high so far forming bearish engulfing candlestick pattern on the daily chart.
On a positive side, the breakout is retested and it will be important to watch the momentum between Rs.770-790 zone which will decide the success or failure of the bullish pattern cup and handle.
The break of Rs.755 will negate the bullish pattern and confirm the reversal.
The candlestick patterns indicate the cup and handle pattern is in danger.
#MCX
#Copper
#KeepItSimple
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TCS may Outperform NiftyIT 🥇
As Infosys started the week with a 10% downtick, the breakout on the ratio chart of TCS/NiftyIT indicates TCS may emerge as an outperformer in the IT index.
With 26.54% weightage in the IT index, the breakout from the bullish pennant on a weekly chart indicates time to keep eye on TCS.
Stay tuned for a detailed video 📹
#TCS
#ITstocks
#KeepItSimple
As Infosys started the week with a 10% downtick, the breakout on the ratio chart of TCS/NiftyIT indicates TCS may emerge as an outperformer in the IT index.
With 26.54% weightage in the IT index, the breakout from the bullish pennant on a weekly chart indicates time to keep eye on TCS.
Stay tuned for a detailed video 📹
#TCS
#ITstocks
#KeepItSimple
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