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
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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!
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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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Dow Jones is trading in the range of 33,700-34,100 between the 13th April 2023 bar; the break of 34,200 may resume bullish momentum. The 4-month descending broadening wedge pattern breakout will be confirmed above 34,400 indicating the momentum towards 35,000+ levels.
Bulls are in danger on Nifty as the bearish belt-hold candlestick pattern for consecutive days indicates the sign of reversal. The break of 17,500 will confirm the momentum back to 17,000 levels while the break of 17,900 may negate the structure.
Bank Nifty has outperformed in yesterday’s session but the bearish belt-hold candlestick high is yet to be taken out; eyes 41,800-42,000 zone for tomorrow’s expiry till 42,650 is negated.
SGXNifty indicates a flat opening around 17,700 levels.
#PreMarket
#SGXNifty
Bulls are in danger on Nifty as the bearish belt-hold candlestick pattern for consecutive days indicates the sign of reversal. The break of 17,500 will confirm the momentum back to 17,000 levels while the break of 17,900 may negate the structure.
Bank Nifty has outperformed in yesterday’s session but the bearish belt-hold candlestick high is yet to be taken out; eyes 41,800-42,000 zone for tomorrow’s expiry till 42,650 is negated.
SGXNifty indicates a flat opening around 17,700 levels.
#PreMarket
#SGXNifty
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Nifty - Expect a Range Trading between 17,570-17,870 📈📉
The bearish belt-hold candlestick pattern, previous swing high and the gap support signal the market may trade in a range for a day or so.
The consecutive day's bearish belt-hold pattern turns the table from bullish to bearish on the chart.
Bulls can be in the game only above 17,900.
#Nifty
#WeeklyExpiry
#KeepItSimple
The bearish belt-hold candlestick pattern, previous swing high and the gap support signal the market may trade in a range for a day or so.
The consecutive day's bearish belt-hold pattern turns the table from bullish to bearish on the chart.
Bulls can be in the game only above 17,900.
#Nifty
#WeeklyExpiry
#KeepItSimple
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Fast Profits Daily
Nifty - Expect a Range Trading between 17,570-17,870 📈📉 The bearish belt-hold candlestick pattern, previous swing high and the gap support signal the market may trade in a range for a day or so. The consecutive day's bearish belt-hold pattern turns the table…
Nifty at Support Zone of 17,570.
Are you BUYING?
👍 Yes, buying the dip
👎 No, It's bearish reversal
❤️ Wait and Watch 👀
Are you BUYING?
👍 Yes, buying the dip
👎 No, It's bearish reversal
❤️ Wait and Watch 👀
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Dow Jones trades in the range for straight fourth day; the breakout of 33,500-34,300 either side can accelerate the momentum.
Nifty tested the support zone of 17,570 yesterday and managed to close above 17,600.
On weekly expiry today, 17,500-17,570 may act as a major support while 17,719-17,737 may act as intraday resistance.
On BankNifty, with negative biased and psychological level of 42,000, index is likely to hold 41,800-42,000 zone while 42,500 will be resistance.
HDFC Bank and ICICI Bank trending with negative biased while Axis Bank and Kotak Bank trending bullish signals a mix view on index.
#PreMarket
#SGXNifty
Nifty tested the support zone of 17,570 yesterday and managed to close above 17,600.
On weekly expiry today, 17,500-17,570 may act as a major support while 17,719-17,737 may act as intraday resistance.
On BankNifty, with negative biased and psychological level of 42,000, index is likely to hold 41,800-42,000 zone while 42,500 will be resistance.
HDFC Bank and ICICI Bank trending with negative biased while Axis Bank and Kotak Bank trending bullish signals a mix view on index.
#PreMarket
#SGXNifty
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Fast Profits Daily
Nifty at Support Zone of 17,570. Are you BUYING? 👍 Yes, buying the dip 👎 No, It's bearish reversal ❤️ Wait and Watch 👀
Buyers enjoying the move 📈
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Nifty and BankNifty trade in the range on weekly expiry. Dow Jones too trading in the range of 33,500-34,100.
On Nifty, 17,570-17,500 will be the key support area for bulls while 17,900 will act as resistance zone.
Stochastic oscillator on a short-term chart indicates the bullish momentum as far as 17,500 is not negated.
On BankNifty, 42,000 acted as support yesterday while the high of bearish belt-hold candlestick pattern at 42,603 will act as the wall for bulls.
For USDINR traders, the "three white soldiers" bullish reversal candlestick pattern indicates the momentum towards 83. The breakout from the triangle pattern on the daily chart with resistance at 83.30 and support at 81.30 will decide the trend for 2023.
#SGXNifty
#PreMarket
On Nifty, 17,570-17,500 will be the key support area for bulls while 17,900 will act as resistance zone.
Stochastic oscillator on a short-term chart indicates the bullish momentum as far as 17,500 is not negated.
On BankNifty, 42,000 acted as support yesterday while the high of bearish belt-hold candlestick pattern at 42,603 will act as the wall for bulls.
For USDINR traders, the "three white soldiers" bullish reversal candlestick pattern indicates the momentum towards 83. The breakout from the triangle pattern on the daily chart with resistance at 83.30 and support at 81.30 will decide the trend for 2023.
#SGXNifty
#PreMarket
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Nifty - Bulls vs Bears on Friday 📈📉
Index is trending within the range of the 17,570-17,870 zone for the last couple of days.
On Tuesday, I highlighted the rangebound trading ahead of the weekly expiry.
Index tends to break the range on Friday and this time it's Bulls vs Bears for 17,500.
On derivatives data, 17500PE and 17600PE are holding over a lakh of OI for the 27th April expiry while 17700CE holds OI of over 2L.
The breakout of 17,500-17,900 may decide the trending move; till then it is the option writer's paradise.
#TGIF
#Nifty
#KeepItSimple
Index is trending within the range of the 17,570-17,870 zone for the last couple of days.
On Tuesday, I highlighted the rangebound trading ahead of the weekly expiry.
Index tends to break the range on Friday and this time it's Bulls vs Bears for 17,500.
On derivatives data, 17500PE and 17600PE are holding over a lakh of OI for the 27th April expiry while 17700CE holds OI of over 2L.
The breakout of 17,500-17,900 may decide the trending move; till then it is the option writer's paradise.
#TGIF
#Nifty
#KeepItSimple
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