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

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

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

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

Updated Chart: Nifty held the low of 16,836 and heading higher - Above 17,175 now....More to come Bulls 📈

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

Bank Nifty is outperforming Nifty by huge margin ahead of Union Budget.

Watch the trading setup on Bank Nifty ☝🏻

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

Fast Profits Daily - Buy these Stocks After the Union Budget

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 momentum takes a pause on weekly derivatives expiry day; Nifty tests 17,500, ends at 17,560 losing 1.24%.

Nifty reverse from the 61.80% Fibonacci retracement of 18,350 to 16,836 as heavy weights like HDFC, Infy, Tech Mahindra and Reliance plunge by 1-3%.

Banks continue to outperform over Nifty as the bullish head and shoulder pattern on the ratio chart indicates the longs in BankNifty. Index holds the key psychological level of 39,000; bulls are eyeing the momentum towards 40,000 levels.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Fast Profits Daily - Is this the Beginning of the End for IT Stocks?

Is it time to sell your IT stocks? Let's find out...

http://www.eqtm.in/p6J9H

Fast Profits Daily - Fear is Taking Over D-Street

This is why fear has returned to Dalal Street.

http://www.eqtm.in/x9Z7K

The momentums is back in the bull’s court as Nifty takes support at psychological level of 17,000; ends at 17,463.80 gaining 1.14%.

The bullish Cypher harmonics pattern is visible on charts which targets the momentum towards 17,816-17,930 zone.

Metals index breaks 110days range and hits high of 6,001; on bulls radar for next couple of weeks.

Brijesh Bhatia
Research Analyst, Fast Profit Report

The volatile week ends on a negative note on D-street; Nifty ends at 17,374 losing 0.81% for the week.

An evening-star candlestick pattern is visible on daily chart of Nifty, trades in the symmetrical triangle pattern.

Index is likely to trade in the range of 17,000-17,650 in the next week; either side breakout can see volatility expansion.

Brijesh Bhatia
Research Analyst, Fast Profit Report