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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Predict Close of Nifty in Union Budget Week (Close of 4th February) {CMP-17000}
Anonymous Poll
28%
Above 18000
27%
17500-18000
22%
17000-17500
10%
16500-17000
7%
16000-16500
7%
Below 16000
Fast Profits Daily
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…
Updated Chart: Nifty held the low of 16,836 and heading higher - Above 17,175 now....More to come Bulls 📈
Fast Profits Daily
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
Banking stocks are trading exactly as we highlighted.....Pyramiding is the key now.
The Jan F&O series starts with bang-bang by bulls but misses to surpass the all-time high of 18,606; closes on a flat note for benchmark index Nifty at 17,110 losing 0.5% (expiry-on-expiry).
India VIX hits 8months high on the back of Fed minutes and India’s Union Budget scheduled next week. It may prolong till Tuesday or Wednesday.
What should traders do ahead of Union Budget?
The trade setup is discussed in this video – Watch here https://www.youtube.com/watch?v=Bj43Ex2zXws&t=3s
The multiple bullish harmonic patterns are visible on short-term chart of Nifty followed by bullish piercing candlestick pattern. Watch chart here https://t.me/FastProfitsReport/376
An inside bar or bullish harami candlestick pattern is visible on daily chart of most of the benchmark indices; the cross of today’s high confirms the bullish reversal.
Brijesh Bhatia
Research Analyst, Fast Profit Report
India VIX hits 8months high on the back of Fed minutes and India’s Union Budget scheduled next week. It may prolong till Tuesday or Wednesday.
What should traders do ahead of Union Budget?
The trade setup is discussed in this video – Watch here https://www.youtube.com/watch?v=Bj43Ex2zXws&t=3s
The multiple bullish harmonic patterns are visible on short-term chart of Nifty followed by bullish piercing candlestick pattern. Watch chart here https://t.me/FastProfitsReport/376
An inside bar or bullish harami candlestick pattern is visible on daily chart of most of the benchmark indices; the cross of today’s high confirms the bullish reversal.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily
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
Bank Nifty is outperforming Nifty by huge margin ahead of Union Budget.
Watch the trading setup on Bank Nifty ☝🏻
Watch the trading setup on Bank Nifty ☝🏻
Fast Profits Daily pinned «Predict Close of Nifty in Union Budget Week (Close of 4th February) {CMP-17000}»
Fast Profits Daily
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…
Woo Hoo! Nifty over 350+ points up from reversal zone
The D-street ends in red for consecutive weeks; Nifty lost 2.92% to end at 17,101 ahead of Union Budget week.
The bullish harmonic pattern followed by bullish candlestick pattern indicates the recent low 16,836 may hold strong for Union Budget.
Bank Nifty is consistently outperforming against the Nifty in January signalling an outperformance may prolong post Union Budget like it did in 2021. Watch video here https://www.youtube.com/watch?v=Bj43Ex2zXws&t=5s
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bullish harmonic pattern followed by bullish candlestick pattern indicates the recent low 16,836 may hold strong for Union Budget.
Bank Nifty is consistently outperforming against the Nifty in January signalling an outperformance may prolong post Union Budget like it did in 2021. Watch video here https://www.youtube.com/watch?v=Bj43Ex2zXws&t=5s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Buy these Stocks After the Union Budget
Watch out for these stocks during the union budget.
http://www.eqtm.in/Qb9y3
Watch out for these stocks during the union budget.
http://www.eqtm.in/Qb9y3
Bulls are back at open but market trades in a range ahead of Union Budget; Nifty gains 1.4% to settle at 17,339.
The bulls are protecting 17,000 levels but need to surpass 50DMA convincingly which is placed at 17,427 for the momentum to head towards 18,000 levels.
The slope of Relative Strength Index is turning northwards from buying zone indicating the bulls are having an upper hand on bullish momentum.
Investors and Traders should grab an opportunity in this dip and buy these stocks post budget. Watch the stock list here https://www.youtube.com/watch?v=BZgyweJeB3Y&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bulls are protecting 17,000 levels but need to surpass 50DMA convincingly which is placed at 17,427 for the momentum to head towards 18,000 levels.
The slope of Relative Strength Index is turning northwards from buying zone indicating the bulls are having an upper hand on bullish momentum.
Investors and Traders should grab an opportunity in this dip and buy these stocks post budget. Watch the stock list here https://www.youtube.com/watch?v=BZgyweJeB3Y&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
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