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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Forwarded from Equitymaster
ITC Share Price: The Driving Force Behind FMCG Sector’s Bull Run
As long as ITC continues to perform strongly, it’s likely that the FMCG index will continue to be buoyed by its weightage in the coming months.
ITC Drives FMCG Index
Here’s an extract…
As one of the largest FMCG companies in India, ITC's strong financial performance and market dominance has made it a key player in the industry.
The company's diverse product portfolio, including popular brands such as Aashirvad, Sunfeast, and Bingo! have made it a market leader.
In recent years, ITC has also made significant strides in sustainability and corporate social responsibility, which has further boosted its reputation and appeal among investors.
Read on for more…
http://www.eqtm.in/Lq7w6
As long as ITC continues to perform strongly, it’s likely that the FMCG index will continue to be buoyed by its weightage in the coming months.
ITC Drives FMCG Index
Here’s an extract…
As one of the largest FMCG companies in India, ITC's strong financial performance and market dominance has made it a key player in the industry.
The company's diverse product portfolio, including popular brands such as Aashirvad, Sunfeast, and Bingo! have made it a market leader.
In recent years, ITC has also made significant strides in sustainability and corporate social responsibility, which has further boosted its reputation and appeal among investors.
Read on for more…
http://www.eqtm.in/Lq7w6
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Global markets trade on a mixed trend; Indian markets rebound after Friday's dip as Nifty and Sensex gain over a per cent.
The bullish trend is getting stronger on the Heikin Ashi chart of Nifty indicating the momentum towards a new high.
BankNifty after the HDFC Bank shock recovers in yesterday's session but has a major hurdle at 43,589-43,746. The range of 42,890-43,800 may be expected for weekly expiry.
The Nifty Auto index is breaking out of the Fibonacci time cycle theory of 178 trading days and trading at an all-time high; auto stocks should be in focus for the May series.
#SGXNifty
#PreMarket
The bullish trend is getting stronger on the Heikin Ashi chart of Nifty indicating the momentum towards a new high.
BankNifty after the HDFC Bank shock recovers in yesterday's session but has a major hurdle at 43,589-43,746. The range of 42,890-43,800 may be expected for weekly expiry.
The Nifty Auto index is breaking out of the Fibonacci time cycle theory of 178 trading days and trading at an all-time high; auto stocks should be in focus for the May series.
#SGXNifty
#PreMarket
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Global and Indian equities traded in the range yesterday; Dow Jones and Nasdaq ended on a negative note with 0.17% and 0.63% respectively.
HangSeng started the day on lower opening and recovered to trade on a flat note.
It signals positive opening for SGX Nifty which is trading up by 35pts.
The bullish candle, retracement and trend resumption candle signal the bulls are in control of the momentum and this may prolong towards 18,445-18560 zone on Nifty.
BankNifty is facing the hurdle at the resistance zone of 43,589-43,713; the support is placed at 42,871-42,777 zone.
Gas stocks are resuming the bullish momentum and it should be on your watchlist.
#SGXNIFTY
#PreMarket
HangSeng started the day on lower opening and recovered to trade on a flat note.
It signals positive opening for SGX Nifty which is trading up by 35pts.
The bullish candle, retracement and trend resumption candle signal the bulls are in control of the momentum and this may prolong towards 18,445-18560 zone on Nifty.
BankNifty is facing the hurdle at the resistance zone of 43,589-43,713; the support is placed at 42,871-42,777 zone.
Gas stocks are resuming the bullish momentum and it should be on your watchlist.
#SGXNIFTY
#PreMarket
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