The roller-coaster week ends on flat note; Nifty reclaims 17,000 and ends at 17,003 gaining 0.1% for the week.
Nifty is hovering in the band of 50DMA (17,627) and 200DMA (16,287); range trading is likely to prolong for few weeks.
Derivate structure indicates the range of 16,689-17,241 for the next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty is hovering in the band of 50DMA (17,627) and 200DMA (16,287); range trading is likely to prolong for few weeks.
Derivate structure indicates the range of 16,689-17,241 for the next week.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty - Will History Repeat?
Index is trading in falling channel since the high of 18,604 which is similarly when it has hit ATH of 15,431.
The left channel took around 60 trading days (February to May) to break free. Considering the current channel, it is 48 trading days young. If history repeats, it might breakout out around mid-January 2022.
MACD is favoring bulls as averages has shown positive crossover with bullish divergence (marked black lines).
The setup will fail on the breakdown of channel.
#KeepItSimple
Index is trading in falling channel since the high of 18,604 which is similarly when it has hit ATH of 15,431.
The left channel took around 60 trading days (February to May) to break free. Considering the current channel, it is 48 trading days young. If history repeats, it might breakout out around mid-January 2022.
MACD is favoring bulls as averages has shown positive crossover with bullish divergence (marked black lines).
The setup will fail on the breakdown of channel.
#KeepItSimple
Fast Profits Daily - How to Use Moving Averages in Trading
Find out which moving averages to use for profitable trading.
http://www.eqtm.in/Fj95C
Find out which moving averages to use for profitable trading.
http://www.eqtm.in/Fj95C
Fast Profits Daily - My 2021 Sector Calls: Hits and Misses
What did I get right and what did I get wrong in 2021? Find out in this video.
http://www.eqtm.in/Re95N
What did I get right and what did I get wrong in 2021? Find out in this video.
http://www.eqtm.in/Re95N
Nifty trades in a range ahead of last expiry of 2021; ends the day at 17,213 losing 0.11%.
Index resist at 200HEMA (Hourly Exponential Moving Average) placed at 17,259; dips back below 17,200 during the day.
The falling channel structure on Nifty indicates the bulls need to break 17,335. The time-cycle analysis suggests the breakout may happen in second week of January 2022. Watch chart here https://t.me/FastProfitsReport/335
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index resist at 200HEMA (Hourly Exponential Moving Average) placed at 17,259; dips back below 17,200 during the day.
The falling channel structure on Nifty indicates the bulls need to break 17,335. The time-cycle analysis suggests the breakout may happen in second week of January 2022. Watch chart here https://t.me/FastProfitsReport/335
Brijesh Bhatia
Research Analyst, Fast Profit Report
The last F&O expiry of 2021 traded in a range on year-end holidays; Nifty ends at 17,203 losing 0.06%.
Index is trading right at the resistance of falling channel pattern with breakout level of 17,350.
Thanks for following us on Telegram and Youtube. I have been recommending sectorial videos and how did they perform in 2021. Watch the Hits and Misses of 2021 here https://www.youtube.com/watch?v=AYS1BCz0Sw4
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trading right at the resistance of falling channel pattern with breakout level of 17,350.
Thanks for following us on Telegram and Youtube. I have been recommending sectorial videos and how did they perform in 2021. Watch the Hits and Misses of 2021 here https://www.youtube.com/watch?v=AYS1BCz0Sw4
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Nifty - Will History Repeat? Index is trading in falling channel since the high of 18,604 which is similarly when it has hit ATH of 15,431. The left channel took around 60 trading days (February to May) to break free. Considering the current channel, it…
Nifty Bulls Welcomes 2022 with Breakout
Updated Chart: Index breaks out of the falling Channel on the first trading of the new year.
The histogram on MACD is also indicating the bullish momentum while averages are approaching integer line.
Hope the History Repeats with 20+% rally 💰😊
#KeepItSimple
Updated Chart: Index breaks out of the falling Channel on the first trading of the new year.
The histogram on MACD is also indicating the bullish momentum while averages are approaching integer line.
Hope the History Repeats with 20+% rally 💰😊
#KeepItSimple
It’s New Year bash on D-street as benchmark indices Nifty and Sensex gains 1.6%.
Nifty breaks out of falling channel structure indicating an end of the bearish momentum, heading for 18K. Watch chart here https://t.me/FastProfitsReport/341
The short covering rally in Banking stocks witnessed an outperformance; inching towards 36,916-37,289 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty breaks out of falling channel structure indicating an end of the bearish momentum, heading for 18K. Watch chart here https://t.me/FastProfitsReport/341
The short covering rally in Banking stocks witnessed an outperformance; inching towards 36,916-37,289 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Nifty Bulls Welcomes 2022 with Breakout Updated Chart: Index breaks out of the falling Channel on the first trading of the new year. The histogram on MACD is also indicating the bullish momentum while averages are approaching integer line. Hope the History…
What a start to 2022!
Bulls are on fire as they take Nifty from 17,350 to 17,750...That's the power of technical breakouts.
#KeepItSimple
Bulls are on fire as they take Nifty from 17,350 to 17,750...That's the power of technical breakouts.
#KeepItSimple
The stupendous come-back by bulls takes Nifty to 17,800 levels from 16,500 levels; ends the day at 17,805 gaining 1.02%.
The bullish breakout from the falling channel pattern triggers the short-covering rally in Futures as well as 17500CE.
We took a poll on Telegram regarding “Your Best Sector for 2022” and here are the results https://t.me/FastProfitsReport/342
Here are “My Best Sectors for 2022” https://www.youtube.com/watch?v=0U7d-eAN3PM
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bullish breakout from the falling channel pattern triggers the short-covering rally in Futures as well as 17500CE.
We took a poll on Telegram regarding “Your Best Sector for 2022” and here are the results https://t.me/FastProfitsReport/342
Here are “My Best Sectors for 2022” https://www.youtube.com/watch?v=0U7d-eAN3PM
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - My Best Sectors for 2022
My top 2 sectors for 2022 might surprise you.
http://www.eqtm.in/Pr8c2
My top 2 sectors for 2022 might surprise you.
http://www.eqtm.in/Pr8c2
👍1
Fast Profits Daily - Will Mid and Smallcaps Outperform in 2022?
My view on midcaps and smallcaps in 2022.
http://www.eqtm.in/n9S4M
My view on midcaps and smallcaps in 2022.
http://www.eqtm.in/n9S4M
The bull’s cheers on D-street amid the rising Covid cases; Nifty gains for straight fourth to end the day at 17,925 gaining 0.67%.
Banking and Financial services sector witness the short covering rally taking Bank Nifty to 44 days high. It will be interesting to watch the weekly Open Interest position on stocks from this sector as they witnessed short build-up in last 6-8 weeks ending 31st December 2021.
The ratio chart of Bank Nifty to Nifty highlights the outperformance of Bank Nifty may prolong for few more sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Banking and Financial services sector witness the short covering rally taking Bank Nifty to 44 days high. It will be interesting to watch the weekly Open Interest position on stocks from this sector as they witnessed short build-up in last 6-8 weeks ending 31st December 2021.
The ratio chart of Bank Nifty to Nifty highlights the outperformance of Bank Nifty may prolong for few more sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The profit booking on D-street ends four days rising streak, Nifty closes at 17,745 losing 1%.
The resistance turns support at the previous high of 17,639 on Nifty, reversal indicates the strength in bullish trend.
Bulls need to surpass the gap area of 17,768-17,925 for bullish momentum to prolong towards 18,200 levels.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The resistance turns support at the previous high of 17,639 on Nifty, reversal indicates the strength in bullish trend.
Bulls need to surpass the gap area of 17,768-17,925 for bullish momentum to prolong towards 18,200 levels.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nasdaq @ Buyer's Lane
Nasdaq is trading at the support of multiple technical parameters.
1. Multiple Trendline support
2. 134DEMA
3. 50% Fibonacci retracement
4. RSI taking multiple support at buying zone of 40.
The reversal in Nasdaq means an uptick in IT stocks in India.
#KeepItSimple
Nasdaq is trading at the support of multiple technical parameters.
1. Multiple Trendline support
2. 134DEMA
3. 50% Fibonacci retracement
4. RSI taking multiple support at buying zone of 40.
The reversal in Nasdaq means an uptick in IT stocks in India.
#KeepItSimple
The first week of 2022 and bulls are celebrating on D-street; Nifty gains 2.64% for the week to end at 17,812.
The breakout of 76 days falling channel indicates the strongest breakout as per Fibonacci time-cycle theory; 18,200 can be on cards next week.
Higher high – higher low structure as per Dow Theory marks an end to the consolidation phase; the trend change level for January series is 17,189.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The breakout of 76 days falling channel indicates the strongest breakout as per Fibonacci time-cycle theory; 18,200 can be on cards next week.
Higher high – higher low structure as per Dow Theory marks an end to the consolidation phase; the trend change level for January series is 17,189.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Buy Auto Stocks for Momentum Trading
Auto stocks are set to deliver fast profits.
http://www.eqtm.in/r4XZi
Auto stocks are set to deliver fast profits.
http://www.eqtm.in/r4XZi
Nifty convincingly trades above the 18,000 marks after the last hour U-turn by Dow Jones last night; ends the day at 18,055 gaining 0.29%.
Metals stocks feel the heat after Jefferies downgrades Tata Steel and JSW Steel; index ends 1.90% down.
I believe Auto Index is heading to its new all-time high. Watch video to know more https://www.youtube.com/watch?v=7naY2nRzUZU
Brijesh Bhatia
Research Analyst, Fast Profit Report
Metals stocks feel the heat after Jefferies downgrades Tata Steel and JSW Steel; index ends 1.90% down.
I believe Auto Index is heading to its new all-time high. Watch video to know more https://www.youtube.com/watch?v=7naY2nRzUZU
Brijesh Bhatia
Research Analyst, Fast Profit Report