US markets slip for a straight second day as Transportation stocks fell over 3.5% for consecutive days.
The head and should breakdown is visible on the Dow Jones Transportation (DJT) index indicating more pain for the transportation industry like airlines, railroads, trucking companies, and shipping companies. DJT is a way to measure the health of the overall economy.
On Expiry Day, Nifty is likely to trade in the range of 17,700-17,950 as indicated by the derivative structure.
On the chart, the gap of 17th April 2023 is filled at 17,826 and the index has the wall to climb at 17,900.
Index is likely to trade in the range of 17,680-17,900 today and traders can look for writing options.
On BankNifty, the index broke above the previous high of 42,865 indicating the momentum towards 43,000 levels.
SGX Nifty is indicating a positive opening of 35pts.
#PreMarket
#SGXNifty
The head and should breakdown is visible on the Dow Jones Transportation (DJT) index indicating more pain for the transportation industry like airlines, railroads, trucking companies, and shipping companies. DJT is a way to measure the health of the overall economy.
On Expiry Day, Nifty is likely to trade in the range of 17,700-17,950 as indicated by the derivative structure.
On the chart, the gap of 17th April 2023 is filled at 17,826 and the index has the wall to climb at 17,900.
Index is likely to trade in the range of 17,680-17,900 today and traders can look for writing options.
On BankNifty, the index broke above the previous high of 42,865 indicating the momentum towards 43,000 levels.
SGX Nifty is indicating a positive opening of 35pts.
#PreMarket
#SGXNifty
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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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It's a weekly and monthly close on charts; global equities, gold and silver may close in green for the month.
On Nifty, after the doji in March, the April series is ending with bullish candlestick confirming the reversal.
Can we hit new all-time-high in the May series?
BankNifty reclaimed 43,000 mark; base for the May series will be at 41,600-42,234 zone.
SGXNifty indicating the positive opening of 70points; 18,000 will be the key for the Nifty Spot.
#PreMarket
#SGXNifty
On Nifty, after the doji in March, the April series is ending with bullish candlestick confirming the reversal.
Can we hit new all-time-high in the May series?
BankNifty reclaimed 43,000 mark; base for the May series will be at 41,600-42,234 zone.
SGXNifty indicating the positive opening of 70points; 18,000 will be the key for the Nifty Spot.
#PreMarket
#SGXNifty
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The first day of May and we may have over 100pts gap-up on Nifty.
The breaokut from nexkline on the bullish or inverted head and shoulder indicates the bulls are in control of trend.
The last hour bullish momentum on Friday in BankNifty indicates the bulls are getting stronger as per Heikin Ashi candles. The the base for the week will be 42,560-42,716.
#PreMarket
#SGXNifty
The breaokut from nexkline on the bullish or inverted head and shoulder indicates the bulls are in control of trend.
The last hour bullish momentum on Friday in BankNifty indicates the bulls are getting stronger as per Heikin Ashi candles. The the base for the week will be 42,560-42,716.
#PreMarket
#SGXNifty
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Fast Profits Daily - Sector of the Month: Energy
What do the charts say about energy stocks?
http://www.eqtm.in/w4ZLp
What do the charts say about energy stocks?
http://www.eqtm.in/w4ZLp
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US markets tumble over a percent ahead of Federal Reserve interest rates decisions; US 10years yields correct by 4% to 3.43%.
Indian BankNifty can expect a knee jerk reaction below 43,000 mark this week to retest the key support area of 42,600-42,789.
SGX Nifty indicates negative opening of around 70pts and it may dip to 17,956-18,041 zone to retest the neckline of bullish head and shoulder pattern.
On spot Nifty, 17,817-17,946 remains the base for May series. The bears can be in the game only on the break of 17,767.
Power stocks should be on traders watchlist for the day.
#SGXNifty
#PreMarket
Indian BankNifty can expect a knee jerk reaction below 43,000 mark this week to retest the key support area of 42,600-42,789.
SGX Nifty indicates negative opening of around 70pts and it may dip to 17,956-18,041 zone to retest the neckline of bullish head and shoulder pattern.
On spot Nifty, 17,817-17,946 remains the base for May series. The bears can be in the game only on the break of 17,767.
Power stocks should be on traders watchlist for the day.
#SGXNifty
#PreMarket
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Forwarded from Equitymaster
NSE Nifty Heatmap - Here is the heatmap showing the gainers and losers in the NSE Nifty index.
http://www.eqtm.in/Dg5m2
http://www.eqtm.in/Dg5m2
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US markets corrects over half a percent as Fed hikes interest rate by 25bps.
On the weekly chart of Dow Jones, index is reversing from the upper band of descending broadening wedge pattern indicating 34,500 as a bullish resumption levels.
Indian markets traded in a range after gap-down opening. The opportunities are in focusing on stocks specific actions as we witnessed Midcap stocks were hitting 52-weeks high.
On weekly expiry, Nifty is likely to trade in the range of 17,969-18,241 while BankNifty may range between 42,900-43,400.
SGXNifty indicates negative opening of over 60pts.
#SGXNifty
#PreMarket
On the weekly chart of Dow Jones, index is reversing from the upper band of descending broadening wedge pattern indicating 34,500 as a bullish resumption levels.
Indian markets traded in a range after gap-down opening. The opportunities are in focusing on stocks specific actions as we witnessed Midcap stocks were hitting 52-weeks high.
On weekly expiry, Nifty is likely to trade in the range of 17,969-18,241 while BankNifty may range between 42,900-43,400.
SGXNifty indicates negative opening of over 60pts.
#SGXNifty
#PreMarket
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NSE Nifty Index Heatmap
https://www.equitymaster.com/india-markets/nifty/nse-nifty-heatmap?utm_source=short-url
https://www.equitymaster.com/india-markets/nifty/nse-nifty-heatmap?utm_source=short-url
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BEML following other Railway Stocks 🔥
https://www.equitymaster.com/india-markets/railway/Railway-heatmap
https://www.equitymaster.com/india-markets/railway/Railway-heatmap
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US markets tumble for straight fourth days; Dow Jones holds support at the key psychological level of 33,000.
Nifty holds the support of 18,000 and the last hour bullish momentum confirms the "double top buy" breakout on Point & Figure charts.
BankNifty crosses the hurdle of 43,600; the bulls may accelerate the momentum towards 44,345-44,780.
#PreMarket
#SGXNifty
Nifty holds the support of 18,000 and the last hour bullish momentum confirms the "double top buy" breakout on Point & Figure charts.
BankNifty crosses the hurdle of 43,600; the bulls may accelerate the momentum towards 44,345-44,780.
#PreMarket
#SGXNifty
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US markets rebound on Friday ending four days losing streak on Dow Jones; Bank Index gains the most with 3.5% followed by IT with gains of 2.25%.
On Nifty, the bullish head and shoulders breakout and the resistance-turned-support at the previous high creates an accumulation zone at 17,920-18,060 zone. The reversal from this zone signals the test of 18,410-18,534 range in May series.
BankNifty witnessed the fall of over 1000pts as HDFC Bank dips 6% which weigh 27% in the index.
If bulls manage to hold 42,389-42,523 zone, index is likely to witness reversal; the failure can test the 41,800 levels this week.
SGX Nifty indicates an opening around 18,150.
#SGXNifty
#PreMarket
On Nifty, the bullish head and shoulders breakout and the resistance-turned-support at the previous high creates an accumulation zone at 17,920-18,060 zone. The reversal from this zone signals the test of 18,410-18,534 range in May series.
BankNifty witnessed the fall of over 1000pts as HDFC Bank dips 6% which weigh 27% in the index.
If bulls manage to hold 42,389-42,523 zone, index is likely to witness reversal; the failure can test the 41,800 levels this week.
SGX Nifty indicates an opening around 18,150.
#SGXNifty
#PreMarket
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