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
Nifty - Cautious on New Longs ahead of Weekly Expiry
As per the EW and Harmonic structure, the momentum is likely to take pause on the Nifty Futures.
The pattern will negate on the hourly close above 18,305 (CMP-18225)
#KeepItSimple
As per the EW and Harmonic structure, the momentum is likely to take pause on the Nifty Futures.
The pattern will negate on the hourly close above 18,305 (CMP-18225)
#KeepItSimple
The bulls leading the way on D-street for straight fourth day; ends Nifty at 18,212 by gaining 0.87%.
The fresh longs seem to be risky at current level of Nifty as index may witness turbulence in the zone of 18,200-18,268 as per Elliot Wave and Harmonic technical pattern. Watch chart here https://t.me/FastProfitsReport/356
One sector which is breaking out from the consolidation zone is BSE Power Index. Watch the details in video here https://www.youtube.com/watch?v=mJ_YoMa252g
Brijesh Bhatia
Research Analyst, Fast Profit Report
The fresh longs seem to be risky at current level of Nifty as index may witness turbulence in the zone of 18,200-18,268 as per Elliot Wave and Harmonic technical pattern. Watch chart here https://t.me/FastProfitsReport/356
One sector which is breaking out from the consolidation zone is BSE Power Index. Watch the details in video here https://www.youtube.com/watch?v=mJ_YoMa252g
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily - Focus: Power Sector Stocks
Power stocks are ready to break out. Get ready to buy them...
http://www.eqtm.in/Gn84P
Power stocks are ready to break out. Get ready to buy them...
http://www.eqtm.in/Gn84P
The D-street cheers as Small Cap Index closes at all-time high of 11,821; Nifty ends at 18,257 gaining 0.25%.
Will Small Cap continue to Outperform against Nifty in 2022? Watch my video here https://www.youtube.com/watch?v=Q5MGbQA6mcg&t=11s
A pinch of salt selling pressure post Jefferies sell report on Metals yesterday and the fast and furious recovery is the mark of strong bullish trend in Metals.
The bulls are in control of the trend, and they may head towards the new all-time high of 18,604 on Nifty.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Will Small Cap continue to Outperform against Nifty in 2022? Watch my video here https://www.youtube.com/watch?v=Q5MGbQA6mcg&t=11s
A pinch of salt selling pressure post Jefferies sell report on Metals yesterday and the fast and furious recovery is the mark of strong bullish trend in Metals.
The bulls are in control of the trend, and they may head towards the new all-time high of 18,604 on Nifty.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Happy Makar Sankranti and Pongal to you and your Family.
Nifty gains for straight fourth week to end at 18,255 gaining 2.5%.
Small Cap index hits new all-time high of 11,926 and continuing its outperformance over Nifty.
BSE Power index hits new all-time high and I believe it to be the Sector of the Quarter. Watch my video here https://www.youtube.com/watch?v=mJ_YoMa252g&t=5s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty gains for straight fourth week to end at 18,255 gaining 2.5%.
Small Cap index hits new all-time high of 11,926 and continuing its outperformance over Nifty.
BSE Power index hits new all-time high and I believe it to be the Sector of the Quarter. Watch my video here https://www.youtube.com/watch?v=mJ_YoMa252g&t=5s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty gains ~11% in last 21days; ends the momentum with bearish structure at 18,113 losing 1.07%.
The bearish Shark harmonic pattern followed by bearish engulfing indicates an end to recent bullish momentum.
The structure indicates the dip of 23.60% at ~17,900 can be on cards ahead of expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bearish Shark harmonic pattern followed by bearish engulfing indicates an end to recent bullish momentum.
The structure indicates the dip of 23.60% at ~17,900 can be on cards ahead of expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily - What Poker can Teach You About Trading
How lessons from poker can improve your trading strategy.
http://www.eqtm.in/d2LYm
How lessons from poker can improve your trading strategy.
http://www.eqtm.in/d2LYm
Fast Profits Daily - An Exciting New Trading Opportunity
There's a new trading opportunity on the horizon. Get ready...
http://www.eqtm.in/q3W5G
There's a new trading opportunity on the horizon. Get ready...
http://www.eqtm.in/q3W5G
Stock Market Update - Indian Indices Extend Losses as IT, Finance Stocks Bleed; Tata Elxsi Zooms 13% Post Strong Q3 Results
The BSE Sensex fell over 770 points while NSE Nifty dipped to 17,900-mark.
http://www.eqtm.in/m7N9P
The BSE Sensex fell over 770 points while NSE Nifty dipped to 17,900-mark.
http://www.eqtm.in/m7N9P
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Stock Market Update - Sensex Plunges 656 Points, Nifty Ends Below 18,000; Oil & Gas, Metal Stocks Outperform
Indian share markets ended on a weak note with the Sensex down by 656 points and the Nifty ending down by 175 points.
http://www.eqtm.in/g4CZe
Indian share markets ended on a weak note with the Sensex down by 656 points and the Nifty ending down by 175 points.
http://www.eqtm.in/g4CZe
Nifty slips below 18,000 marks after forming multiple reversal structure; ends the day at 17,938 losing 0.96%.
Index has retraced by 23.60% of the recent rally from 16,410 to 18,350; the test of 38.20% at 17,610 can be on cards till the high is not breached.
An exciting New Trading Opportunity is knocking the door – Watch here https://www.youtube.com/watch?v=mmfcXGpD4LA
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index has retraced by 23.60% of the recent rally from 16,410 to 18,350; the test of 38.20% at 17,610 can be on cards till the high is not breached.
An exciting New Trading Opportunity is knocking the door – Watch here https://www.youtube.com/watch?v=mmfcXGpD4LA
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty @ Bargain Buying Levels
Ahead of Union Budget, Bank Nifty is showing sign of outperformance since the start of 2022.
Did you know - Bank Nifty rallied by 18+% in the Budget week of 2021.
The ratio chart of Bank Nifty to Nifty (right) is breaking out of Bullish Head & Shoulder pattern indicating an outperformance of Bank Nifty over Nifty is on cards.
The left chart is of Bank Nifty Daily chart which is at retest of breakout level. The retest are the best bargain buying level as per technical pattern.
Is history repeating in Bank Nifty?
Well, the time will tell but certainly it looks an exciting buying opportunity in Bank Nifty.
#KeepItSimple
Ahead of Union Budget, Bank Nifty is showing sign of outperformance since the start of 2022.
Did you know - Bank Nifty rallied by 18+% in the Budget week of 2021.
The ratio chart of Bank Nifty to Nifty (right) is breaking out of Bullish Head & Shoulder pattern indicating an outperformance of Bank Nifty over Nifty is on cards.
The left chart is of Bank Nifty Daily chart which is at retest of breakout level. The retest are the best bargain buying level as per technical pattern.
Is history repeating in Bank Nifty?
Well, the time will tell but certainly it looks an exciting buying opportunity in Bank Nifty.
#KeepItSimple
Ah Bulls, the Bears are taking the lead with multiple bearish structures on Nifty; ends on negative note for third consecutive days with a percent loss at 17,757.
The bearish harmonic followed by bearish engulfing, it’s not over yet as the bearish three black crows on daily chart signals the bulls are in trouble ahead of Union Budget.
As we highlighted the test of 38.80% Fibonacci retracement at 17,610 on Nifty can be on cards, it hit a low of 17,648 today and bounced sharply.
Bears will grab this bounce as an opportunity to short around 17,916-17,979 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bearish harmonic followed by bearish engulfing, it’s not over yet as the bearish three black crows on daily chart signals the bulls are in trouble ahead of Union Budget.
As we highlighted the test of 38.80% Fibonacci retracement at 17,610 on Nifty can be on cards, it hit a low of 17,648 today and bounced sharply.
Bears will grab this bounce as an opportunity to short around 17,916-17,979 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The three weeks of bullish momentum ends with the bears attack losing 3.5% on Nifty; ends the week at 17,617.
The tug of war between the candlestick pattern – the weekly highlights bullish three white soldiers while the bearish three black crows on daily signals an end to bullish momentum. As global markets are falling, should we say good-bye to 18,600?
On daily chart, the Bullish 5-0 harmonic pattern completes at ~17,400 levels on Nifty which is 50% of Fibonacci retracement of 16,410 to 18,350.
Relative Strength Index slips to ~40 on daily chart, the bull’s territory with higher high – higher low structure on price.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The tug of war between the candlestick pattern – the weekly highlights bullish three white soldiers while the bearish three black crows on daily signals an end to bullish momentum. As global markets are falling, should we say good-bye to 18,600?
On daily chart, the Bullish 5-0 harmonic pattern completes at ~17,400 levels on Nifty which is 50% of Fibonacci retracement of 16,410 to 18,350.
Relative Strength Index slips to ~40 on daily chart, the bull’s territory with higher high – higher low structure on price.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty completes Bullish 5-0 harmonic pattern @ 17,400....will be exciting to watch today's reversal which could set the base for Budget.
The carnage on D-street as Nifty falls over 450points and Sensex over 1500points; Nifty ends at 17,149 losing 2.66%.
Nifty shed over 7% from high after the stellar rally in the first half of the month; retraces to 61.80% of the rise.
The falling trendline marking an end to lower high – lower low structure on Nifty has been retested at the key psychological level of 17,000. As per derivative structure too, 17000 is the support level indicating the reversal on cards.
Midcap fell by 1180 points or 3.86% to 29,383 completing the reciprocal AB=CD pattern on daily chart. The reversal is on cards till pattern holds 29,000.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty shed over 7% from high after the stellar rally in the first half of the month; retraces to 61.80% of the rise.
The falling trendline marking an end to lower high – lower low structure on Nifty has been retested at the key psychological level of 17,000. As per derivative structure too, 17000 is the support level indicating the reversal on cards.
Midcap fell by 1180 points or 3.86% to 29,383 completing the reciprocal AB=CD pattern on daily chart. The reversal is on cards till pattern holds 29,000.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Buy Banking Stocks Ahead of the Budget
This is why the Bank Nifty looks strong ahead of the budget.
http://www.eqtm.in/k4N2P
This is why the Bank Nifty looks strong ahead of the budget.
http://www.eqtm.in/k4N2P
Happy 73rd Republic Day 🇮🇳
The contrasting day in the expiry week as Nifty follows the footstep of Dow Jones; ends at 17,277 gaining 0.75% after the 2.66% dip in the previous trading session.
The piercing bullish candlestick pattern at 78.60% Fibonacci retracement level is visible on daily chart of Nifty which highlights the pause to the bearish momentum.
Bank Nifty crosses yesterday high and the charts indicates an outperformance over Nifty ahead of Union Budget. Watch the video to know the trade setup. https://www.youtube.com/watch?v=Bj43Ex2zXws
Brijesh Bhatia
Research Analyst, Fast Profit Report
The contrasting day in the expiry week as Nifty follows the footstep of Dow Jones; ends at 17,277 gaining 0.75% after the 2.66% dip in the previous trading session.
The piercing bullish candlestick pattern at 78.60% Fibonacci retracement level is visible on daily chart of Nifty which highlights the pause to the bearish momentum.
Bank Nifty crosses yesterday high and the charts indicates an outperformance over Nifty ahead of Union Budget. Watch the video to know the trade setup. https://www.youtube.com/watch?v=Bj43Ex2zXws
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty - Buying the Weakness @ Reversal Pattern
After the sell-off from 18,350 to 16,836, we witness the sharp recovery in Tuesday's trading session forming bullish piercing candlestick pattern on daily chart.
On intraday charts (15mins), the multiple bullish harmonic patterns are visible with the reversal zone of 16,912-16,936. Index hit the low of 16,927 and showing signs of reversal from mentioned zone. The patterns negates only on the breach of 16,825.
Well, the index may continue to remain volatile as India VIX trades above the 8months high of 24. An icing on cake is the monthly expiry day today which can bring more volatility.
I believe in this reversal process, Bank Nifty can be an outperformer as we step into the Union Budget week. Watch my video here on "Why I believe Bank Nifty will outperform Nifty & Buy Bank Nifty ahead of Union Budget"
https://www.youtube.com/watch?v=Bj43Ex2zXws&t=1s
(CMP-16955)
#KeepItSimple
After the sell-off from 18,350 to 16,836, we witness the sharp recovery in Tuesday's trading session forming bullish piercing candlestick pattern on daily chart.
On intraday charts (15mins), the multiple bullish harmonic patterns are visible with the reversal zone of 16,912-16,936. Index hit the low of 16,927 and showing signs of reversal from mentioned zone. The patterns negates only on the breach of 16,825.
Well, the index may continue to remain volatile as India VIX trades above the 8months high of 24. An icing on cake is the monthly expiry day today which can bring more volatility.
I believe in this reversal process, Bank Nifty can be an outperformer as we step into the Union Budget week. Watch my video here on "Why I believe Bank Nifty will outperform Nifty & Buy Bank Nifty ahead of Union Budget"
https://www.youtube.com/watch?v=Bj43Ex2zXws&t=1s
(CMP-16955)
#KeepItSimple
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