Nifty_21-06-2021.png
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Nifty View: Are we heading for 16,000?
The bulls have managed to hold the support even after the gap-down opening.
In our video above, I highlighted the key support area and Fib-Time Cycle for key trend resumption.
Watch it and define your trading plan for the week.
The bulls have managed to hold the support even after the gap-down opening.
In our video above, I highlighted the key support area and Fib-Time Cycle for key trend resumption.
Watch it and define your trading plan for the week.
Fast Profits Daily - Why I'm Bullish on IT Stocks
This is why I think IT stocks will lead the next leg of the rally.
http://www.eqtm.in/r9N7K
This is why I think IT stocks will lead the next leg of the rally.
http://www.eqtm.in/r9N7K
DowJones forms Bullish AB=CD after correcting by more than 4%.
The reversal pattern is formed right above 200EMA on 4hrs Chart.
#KeepItSimple
The reversal pattern is formed right above 200EMA on 4hrs Chart.
#KeepItSimple
Bank Nifty_22-06-2021.png
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Can BankNifty witness Short Covering rally?
BankNifty has been struggling to rally in last 4-5 weeks.
Derivatives data highlights shorts build-up.
Technical structure indicates the break above 35,200-35,500 zone can witness huge short covering rally.
The risk at current structure is if it fails to break, the test of recent lows cannot be ruled out.
Bulls VS Bears @ 35,200-35,500 zone.
#KeepItSimple
BankNifty has been struggling to rally in last 4-5 weeks.
Derivatives data highlights shorts build-up.
Technical structure indicates the break above 35,200-35,500 zone can witness huge short covering rally.
The risk at current structure is if it fails to break, the test of recent lows cannot be ruled out.
Bulls VS Bears @ 35,200-35,500 zone.
#KeepItSimple
Fast Profits Daily
Bank Nifty_22-06-2021.png
Ah Not Again!
Bank Nifty failing to cross the hurdle of 35,200-35,500 and back below 35,000.
Bulls need to pull their socks to cross the hurdle, till than it's Option Writers Game.
Bank Nifty failing to cross the hurdle of 35,200-35,500 and back below 35,000.
Bulls need to pull their socks to cross the hurdle, till than it's Option Writers Game.
On this Day in 1988:
Dell Computer Corp., run by then-23-year-old college dropout Michael Dell, goes public on NASDAQ at an initial price of $8.50 per share.
Dell Computer Corp., run by then-23-year-old college dropout Michael Dell, goes public on NASDAQ at an initial price of $8.50 per share.
Nifty shy of hitting new all-time high; lost most of the gains in second half of the day to end at 15,772.75 gaining 0.17%.
Maruti (+5.30%) lead the day for Auto Index which gains 1.34% while BFSI underperformance prolongs.
The derivative structure indicates the range of 15,500-16,000 for next couple of days; short straddle and strangle seems an excellent strategy for expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Maruti (+5.30%) lead the day for Auto Index which gains 1.34% while BFSI underperformance prolongs.
The derivative structure indicates the range of 15,500-16,000 for next couple of days; short straddle and strangle seems an excellent strategy for expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty in June expiry has largely traded in the narrow range of 500-600pts; ends at 15,790.25 gaining 3% (expiry-on-expiry).
Are we heading for 16,000+ July series, What’s your view?
I believe we can hit as trend continue to remain bullish. The trend change level is 15,326 for this momentum to end.
Seasonality Analysis Performance for Nifty in July has positive returns of 1.49%(M-o-M) with 16 positive years and 9 negative in last 25years.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Are we heading for 16,000+ July series, What’s your view?
I believe we can hit as trend continue to remain bullish. The trend change level is 15,326 for this momentum to end.
Seasonality Analysis Performance for Nifty in July has positive returns of 1.49%(M-o-M) with 16 positive years and 9 negative in last 25years.
Brijesh Bhatia
Research Analyst, Fast Profit Report
USDINR @ 80
* History repeats itself of Rally > Retest > Rally since 2008
* +DI (Positive Directional Indicator) turns northwards above -DI and ADX
Watch my view recorded on 3rd March 2021:
https://www.youtube.com/watch?v=vkkbaG7wteI
* History repeats itself of Rally > Retest > Rally since 2008
* +DI (Positive Directional Indicator) turns northwards above -DI and ADX
Watch my view recorded on 3rd March 2021:
https://www.youtube.com/watch?v=vkkbaG7wteI
On this Day in 1977:
The New York Stock Exchange begins quoting share prices in 1/16ths, nicknamed "steenths" or "teenies."
In theory, this narrows the spread between the bid price and the ask price.
The New York Stock Exchange begins quoting share prices in 1/16ths, nicknamed "steenths" or "teenies."
In theory, this narrows the spread between the bid price and the ask price.
Chart of the Day: Bitcoin
Is this new asset class Exciting & Rewarding?
Crypto trading is like visiting an amusement park with ride so fascinating and the biggest ride you see from far away excites to you visit the park, but at the same time you are afraid to enjoy the ride.
It all started with Bitcoin which you saw from far away and now when you entered the park, you got some exciting smaller and fun rides but by the time you reached the biggest ride (Bitcoin), you experienced the waggish people (sell-off).
I must say, don't be afraid as It's the time for you to enjoy the best ride.
Bitcoin ($) has formed the major bottoming structure as per Wyckoff Theory.
It has formed Spring or Shakeout at $28,600 which means the weak hands are thrown out and the new rally is unfolding.
We are entering Phase C of theory where prices are expected to go higher.
The pattern negates if the level of Spring is taken out.
Invest in cryptos only what you can afford to lose. Nothing more.
#KeepItSimple
Is this new asset class Exciting & Rewarding?
Crypto trading is like visiting an amusement park with ride so fascinating and the biggest ride you see from far away excites to you visit the park, but at the same time you are afraid to enjoy the ride.
It all started with Bitcoin which you saw from far away and now when you entered the park, you got some exciting smaller and fun rides but by the time you reached the biggest ride (Bitcoin), you experienced the waggish people (sell-off).
I must say, don't be afraid as It's the time for you to enjoy the best ride.
Bitcoin ($) has formed the major bottoming structure as per Wyckoff Theory.
It has formed Spring or Shakeout at $28,600 which means the weak hands are thrown out and the new rally is unfolding.
We are entering Phase C of theory where prices are expected to go higher.
The pattern negates if the level of Spring is taken out.
Invest in cryptos only what you can afford to lose. Nothing more.
#KeepItSimple
Bank Nifty / Nifty Ratio Chart has reversed from support zone....
Can Bank Nifty outperform over Nifty?
#KeepItSimple
Can Bank Nifty outperform over Nifty?
#KeepItSimple
Banks lead the new F&O series on first day; Bank Nifty gains 1.54% while Nifty gains 0.44%.
Bank Nifty to Nifty ratio indicates the Banks are likely to outperform next week. Watch chart here https://t.me/FastProfitsReport/25
Traders should keep watch on IT index for July series as Nasdaq is trending bullish at all-time high.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty to Nifty ratio indicates the Banks are likely to outperform next week. Watch chart here https://t.me/FastProfitsReport/25
Traders should keep watch on IT index for July series as Nasdaq is trending bullish at all-time high.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Are you planning a step towards Trading for Living?
Watch my video on How can you execute your plan successfully https://youtu.be/tqtU77Q0668
Do not forget to Share your feedback in Comments section.
#KeepItSimple
Watch my video on How can you execute your plan successfully https://youtu.be/tqtU77Q0668
Do not forget to Share your feedback in Comments section.
#KeepItSimple
YouTube
How Can I Make a Living from Trading
Do you dream of trading for a living?
Are you for a guide to hand hold you through the process?
Well, your search ends here.
I recommend you get started right away with this video series on trading for a living.
In the first video, I’ll take you through…
Are you for a guide to hand hold you through the process?
Well, your search ends here.
I recommend you get started right away with this video series on trading for a living.
In the first video, I’ll take you through…
Chart of the Day: PSU Bank resumes its Outperformance
After rallying for consecutive four months from Nov'20 to Feb'21, PSU index consolidated and resumed it bullish journey in May'21 forming Rising Three Candlestick Pattern on monthly chart.
The short-term pause in June and back in action at the end of June indicates the July belongs to PSU banks.
We believe PSU Banks can outperform over Nifty in the month of July as we are witnessing fresh breakout on ratio chart.
#KeepItSimple
After rallying for consecutive four months from Nov'20 to Feb'21, PSU index consolidated and resumed it bullish journey in May'21 forming Rising Three Candlestick Pattern on monthly chart.
The short-term pause in June and back in action at the end of June indicates the July belongs to PSU banks.
We believe PSU Banks can outperform over Nifty in the month of July as we are witnessing fresh breakout on ratio chart.
#KeepItSimple
Do you know how I use Stop Loss?
At Equitymaster, we have created proprietary TruStopTM trading System.
TruStopTM not only minimises losses with stop losses but also maximises profits.
Watch my video here https://youtu.be/Rsvi4LuAw-8
At Equitymaster, we have created proprietary TruStopTM trading System.
TruStopTM not only minimises losses with stop losses but also maximises profits.
Watch my video here https://youtu.be/Rsvi4LuAw-8
YouTube
My TruStop Trading System
My trading system to minimise losses and maximise profits.
In today’s video I’m doing something different. I won’t cover the Nifty and a sector of my choice.
Instead, I’ll cover a topic which has been requested many times: stop losses.
I’ll show you how…
In today’s video I’m doing something different. I won’t cover the Nifty and a sector of my choice.
Instead, I’ll cover a topic which has been requested many times: stop losses.
I’ll show you how…
Chart of the Day: Dollar Index & USDINR
The currencies are stuck in range for last few weeks.
Is this the calm before the storm?
#KeepItSimple
The currencies are stuck in range for last few weeks.
Is this the calm before the storm?
#KeepItSimple
Index trades with bearish biased; Nifty ends at 15,748.45 losing 0.42%.
The Bearish Belt Hold candlestick followed by bearish day at all-time high is sign of cautious for bulls; till 16,000 is not taken out we believe the bears will slow and steady take control.
The divergence between Nifty50 and Nifty500 at new high is an unhealthy breadth indicating the participation by few stocks.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The Bearish Belt Hold candlestick followed by bearish day at all-time high is sign of cautious for bulls; till 16,000 is not taken out we believe the bears will slow and steady take control.
The divergence between Nifty50 and Nifty500 at new high is an unhealthy breadth indicating the participation by few stocks.
Brijesh Bhatia
Research Analyst, Fast Profit Report