The bulls and bears traders are jigged out in the volatility; Nifty gains 3% to end at 17,352 after the 3% fall yesterday.
The power of 200DMA acted as supported for Nifty which was placed at 16,798. The break of 50DMA (17,465) and the resistance of 17,535 will accelerate the momentum for bulls; till then it will be the rangebound markets with high volatility.
Traders should stay away from such kind of volatility while investors can accumulate the quality stocks using the Proven Technical Techniques. Watch video here https://www.youtube.com/watch?v=bXFKzpPtcTE
Brijesh Bhatia
Research Analyst, Fast Profit Report
The power of 200DMA acted as supported for Nifty which was placed at 16,798. The break of 50DMA (17,465) and the resistance of 17,535 will accelerate the momentum for bulls; till then it will be the rangebound markets with high volatility.
Traders should stay away from such kind of volatility while investors can accumulate the quality stocks using the Proven Technical Techniques. Watch video here https://www.youtube.com/watch?v=bXFKzpPtcTE
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍13
Private Bank vs PSU Bank?
PSU Bk Index is outperforming against the Private Bk Index since Sept 2021.
Should you continue holding PSU or shift to all-time favourite Private banks?
After the sharp rally in the markets yesterday, we are witnessing bullish reversal in Private index as well as in Bank Nifty which has over 86% weightage from pvt banks.
The Bullish Harmonic pattern (marked blue) on private bank index confirms the reversal but it is facing resistance in the gap area (marked magenta). The resistance of falling channel (marked red) is placed at 19,800 which if taken out, we may witness a stellar rally.
I analysed the ratio chart of PSU Bk Index vs Private Bk Index to check the strength of the performance of PSU over Private and was stunned to see the pattern.
The bearish harmonic pattern is visible on the ratio chart indicating an end of an outperformance of PSU over Pvt Bk.
Once the Pvt Bk index breaks above 19,800, it is advisable to book profits in PSU and shift to Pvt Banks.
#KeepItSimple
PSU Bk Index is outperforming against the Private Bk Index since Sept 2021.
Should you continue holding PSU or shift to all-time favourite Private banks?
After the sharp rally in the markets yesterday, we are witnessing bullish reversal in Private index as well as in Bank Nifty which has over 86% weightage from pvt banks.
The Bullish Harmonic pattern (marked blue) on private bank index confirms the reversal but it is facing resistance in the gap area (marked magenta). The resistance of falling channel (marked red) is placed at 19,800 which if taken out, we may witness a stellar rally.
I analysed the ratio chart of PSU Bk Index vs Private Bk Index to check the strength of the performance of PSU over Private and was stunned to see the pattern.
The bearish harmonic pattern is visible on the ratio chart indicating an end of an outperformance of PSU over Pvt Bk.
Once the Pvt Bk index breaks above 19,800, it is advisable to book profits in PSU and shift to Pvt Banks.
#KeepItSimple
👍14
Nifty swings between two averages; ends the day at 17,322 losing 0.17%.
Index trades in the range of 50DMA (17,468) and 200DMA (16,824) with gap resistance at 17,450-17,600.
The bullish divergence on RSI indicates the bullish to range bound momentum for next few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index trades in the range of 50DMA (17,468) and 200DMA (16,824) with gap resistance at 17,450-17,600.
The bullish divergence on RSI indicates the bullish to range bound momentum for next few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍3
Forwarded from Equitymaster
Given what you know and don't know about the LIC IPO, what's your stance today ..
Final Results
37%
Will Apply
48%
Won't Apply
15%
Can't Say
Nifty - In the No-Trading Zone
Equity markets are like the game of table tennis as the news of Russia-Ukraine war is on and off in the last few trading sessions.
The last week began with the gap-down on Nifty to test the ~16,800 levels and back to the ~17,500 levels during the week. With an extreme volatility and gap opening, it is difficult for a trader to manage its position.
Technically, Nifty is trading between the two major moving averages, the 50 days and 200 days which are placed at 17,460 and 16,851 respectively.
Additionally, it is trading in the triangle formation with support area at 16,800 and resistance at 17,480. Along with upper line of triangle, the gap area of 17,450-17,600 will act as a wall.
I believe this range to be the No-Trading Zone for the traders. The best trade will be on the break of 16,750-17,650 zone.
#KeepItSimple
The last week began with the gap-down on Nifty to test the ~16,800 levels and back to the ~17,500 levels during the week. With an extreme volatility and gap opening, it is difficult for a trader to manage its position.
Technically, Nifty is trading between the two major moving averages, the 50 days and 200 days which are placed at 17,460 and 16,851 respectively.
Additionally, it is trading in the triangle formation with support area at 16,800 and resistance at 17,480. Along with upper line of triangle, the gap area of 17,450-17,600 will act as a wall.
I believe this range to be the No-Trading Zone for the traders. The best trade will be on the break of 16,750-17,650 zone.
#KeepItSimple
👍20❤7
Indian markets began with gap-down but recovers and trades in range; Nifty hovers in the range of 17,000-17,300 and ends the day at 17,206 losing 0.40%.
It’s the No Trading Zone for traders in Nifty as it trades in the triangle structure with resistance placed at 17,600 and support at 16,800. Watch chart here https://t.me/FastProfitsReport/405
The market breadth is inclined towards bears today as 80 stocks advance against the 421 declines in Nifty500 index. Smallcap index trades at 6months lowest level of 10,048.
Banks and Financial Service index was the only one in green today. Are you confused about opportunities between PSU Banks or Private Banks?
We will guide you with the technical chart pattern in our Fast Profits Video tomorrow. Follow us here https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
It’s the No Trading Zone for traders in Nifty as it trades in the triangle structure with resistance placed at 17,600 and support at 16,800. Watch chart here https://t.me/FastProfitsReport/405
The market breadth is inclined towards bears today as 80 stocks advance against the 421 declines in Nifty500 index. Smallcap index trades at 6months lowest level of 10,048.
Banks and Financial Service index was the only one in green today. Are you confused about opportunities between PSU Banks or Private Banks?
We will guide you with the technical chart pattern in our Fast Profits Video tomorrow. Follow us here https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍7
MOEX - Is War an Investment Opportunity?
MOEX, Russia Equity Index has corrected over 30% from the high of 4,292.
Technically, an index is considered to enter the bearish trend on fall over 20%.
But......The chart suggests contradictory structure.
On the weekly chart scale, index is trading around the crucial support zone.
1. Since 2014, the higher high - higher low structure is Bullish as per Dow theory.
2. The rising trendline (red) connected from the lows of 2014 to 2020 suggests the support at ~2,800 lvls.
3. Long term Exponential Moving Average of 200 period is placed at 3,081.
4. Fibonacci retracement of the recent rise suggests the support of 3,056 (61.80%) and 2,727 (78.60%).
5. Interesting, the RSI has moved into oversold territory indicating the support will be an opportunity.
An investor should grab an opportunity in the zone of 2,700-3,000.
The chart structure will fail on the weekly close below 2,300 which will end the higher high-higher low structure.
#KeepItSimple
MOEX, Russia Equity Index has corrected over 30% from the high of 4,292.
Technically, an index is considered to enter the bearish trend on fall over 20%.
But......The chart suggests contradictory structure.
On the weekly chart scale, index is trading around the crucial support zone.
1. Since 2014, the higher high - higher low structure is Bullish as per Dow theory.
2. The rising trendline (red) connected from the lows of 2014 to 2020 suggests the support at ~2,800 lvls.
3. Long term Exponential Moving Average of 200 period is placed at 3,081.
4. Fibonacci retracement of the recent rise suggests the support of 3,056 (61.80%) and 2,727 (78.60%).
5. Interesting, the RSI has moved into oversold territory indicating the support will be an opportunity.
An investor should grab an opportunity in the zone of 2,700-3,000.
The chart structure will fail on the weekly close below 2,300 which will end the higher high-higher low structure.
#KeepItSimple
👍15
Fast Profits Daily - PSU Banks vs Private Banks: Next Leg of the Bull Market
Is it time to make the shift from PSU banks to private banks?
http://www.eqtm.in/w3NLk
Is it time to make the shift from PSU banks to private banks?
http://www.eqtm.in/w3NLk
👍2
The geo-political tension increase over Russia-Ukraine war, the D-street opens with gap-down but recovers in the second half to settle the Nifty at 17,092 losing 0.67%.
US markets will open after the long weekend; volatility is likely to stay higher. We also have the monthly F&O expiry which could add up the volatility in Indian markets.
Nifty is trending in the triangle pattern and support of 200DMA indicating the No Trading Zone. Watch chart here https://t.me/FastProfitsReport/405
MOEX, Russia Equity Index is trading at crucial Make-or-Break levels; any reversal from here can ignite the short covering rally in the global markets. Read technical structure here https://t.me/FastProfitsReport/407
Brijesh Bhatia
Research Analyst, Fast Profit Report
US markets will open after the long weekend; volatility is likely to stay higher. We also have the monthly F&O expiry which could add up the volatility in Indian markets.
Nifty is trending in the triangle pattern and support of 200DMA indicating the No Trading Zone. Watch chart here https://t.me/FastProfitsReport/405
MOEX, Russia Equity Index is trading at crucial Make-or-Break levels; any reversal from here can ignite the short covering rally in the global markets. Read technical structure here https://t.me/FastProfitsReport/407
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍6❤2
Bank Nifty - Between You and Me
Bank Nifty has stuck between the walls of the channel ( red parallel lines). The upper wall is placed at ~37,800 which is crucial for Me (bulls) to take it out for the future bullish momentum. It can be an attacking zone for You (bears) too.
Additionally, the Bollinger Band (BB) is squeezing post the volatility and the upper band is just placed above the channel at 38,070.
As per Derivative structure, 38000CE holds an OI of 1.27L which will be an icing on cake for You.
The move above 38,000-38,100 will witness the breakout for Me and the short covering rally by You will trigger the momentum towards 39,000 levels.
#KeepItSimple
Bank Nifty has stuck between the walls of the channel ( red parallel lines). The upper wall is placed at ~37,800 which is crucial for Me (bulls) to take it out for the future bullish momentum. It can be an attacking zone for You (bears) too.
Additionally, the Bollinger Band (BB) is squeezing post the volatility and the upper band is just placed above the channel at 38,070.
As per Derivative structure, 38000CE holds an OI of 1.27L which will be an icing on cake for You.
The move above 38,000-38,100 will witness the breakout for Me and the short covering rally by You will trigger the momentum towards 39,000 levels.
#KeepItSimple
👍20
The calm before the storm on the D-street as it trades in the range even though the market breadth was inclined towards bulls; Nifty ends at 17,063 losing 0.17%.
The markets are likely to be volatile on the month F&O expiry day tomorrow as the derivatives data suggests the wider range of 16,500-17,500 on Nifty.
It’s been a month that Nifty is trading in the triangle structure pattern with support at 16,800 and resistance at 17,500. Though it is the No Trading Zone for me, I will wait for the either side breakout to go for a trade. Watch chart here https://t.me/FastProfitsReport/405
Bank Nifty is in the similar structure on short term chart as it trades between the two walls. The break of 38,000-38,100 can accelerate the bullish momentum. Watch chart here https://t.me/FastProfitsReport/410
Brijesh Bhatia
Research Analyst, Fast Profit Report
The markets are likely to be volatile on the month F&O expiry day tomorrow as the derivatives data suggests the wider range of 16,500-17,500 on Nifty.
It’s been a month that Nifty is trading in the triangle structure pattern with support at 16,800 and resistance at 17,500. Though it is the No Trading Zone for me, I will wait for the either side breakout to go for a trade. Watch chart here https://t.me/FastProfitsReport/405
Bank Nifty is in the similar structure on short term chart as it trades between the two walls. The break of 38,000-38,100 can accelerate the bullish momentum. Watch chart here https://t.me/FastProfitsReport/410
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍8
Forwarded from Equitymaster
Finally... Equitymaster's Co-Founder of Research, Rahul Shah, launches his much awaited Telegram channel.
And not surprisingly, he is off with a bang with a series of thought provoking posts.
If you are interested in ideas that can potentially accelerate your profits, join Rahul Shah's telegram channel now...
https://t.me/AcceleratedProfits
And not surprisingly, he is off with a bang with a series of thought provoking posts.
If you are interested in ideas that can potentially accelerate your profits, join Rahul Shah's telegram channel now...
https://t.me/AcceleratedProfits
Telegram
Accelerated Profits by Rahul Shah
Do you want to own the perfect group of stocks to potentially multiply your profits in the market? Rahul Shah, India’s leading analyst and co-head of research at Equitymaster, will show how in this Telegram group.
Forwarded from Equitymaster
Fast Profits Daily - Nifty is Warming up for a New All-Time High
Can the Nifty make a new all-time high? This is what the charts say...
http://www.eqtm.in/x7ZBf
Can the Nifty make a new all-time high? This is what the charts say...
http://www.eqtm.in/x7ZBf
👍7
Forwarded from Equitymaster
Smart investors, by the hundreds, are joining Rahul Shah's just launched Telegram group.
Don't get left behind...
Join today and ensure you get access to Rahul's best ideas on how to spot accelerated profit opportunities in this market...
https://t.me/AcceleratedProfits
Don't get left behind...
Join today and ensure you get access to Rahul's best ideas on how to spot accelerated profit opportunities in this market...
https://t.me/AcceleratedProfits
Equitymaster
Fast Profits Daily - Nifty is Warming up for a New All-Time High Can the Nifty make a new all-time high? This is what the charts say... http://www.eqtm.in/x7ZBf
Nifty - The Perfect Reversal
Nifty has hit the all-time high of 18,604 in October 2021. It has been 89 trading days since its high and markets are showing the signs of positive momentum in today's session.
Why 89 is so important:
As per Fibonacci time cycle period, 89 period is considered as one of the time cycle reversal.
The gap-up opening and reversal from the support of channel indicates the momentum are still favoring bulls after the Black Thursday.
In the video, we highlighted the support zone of 16,300-16,500, Nifty made the low of 16,203 on an exaggerated momentum but finding the lost ground.
The Bullish Reversal
The Bullish AB=CD harmonic pattern had a reversal levels at 16,245 just above the support line of channel.
The reversal from AB=CD signals the bearish momentum may take an end and index may head towards north.
As the uncertainty hovers over Russia-Ukraine war, the level of 16,200 may hold for Nifty.
Traders should remain cautious till the dust settles (volatility).
#KeepItSimple
Nifty has hit the all-time high of 18,604 in October 2021. It has been 89 trading days since its high and markets are showing the signs of positive momentum in today's session.
Why 89 is so important:
As per Fibonacci time cycle period, 89 period is considered as one of the time cycle reversal.
The gap-up opening and reversal from the support of channel indicates the momentum are still favoring bulls after the Black Thursday.
In the video, we highlighted the support zone of 16,300-16,500, Nifty made the low of 16,203 on an exaggerated momentum but finding the lost ground.
The Bullish Reversal
The Bullish AB=CD harmonic pattern had a reversal levels at 16,245 just above the support line of channel.
The reversal from AB=CD signals the bearish momentum may take an end and index may head towards north.
As the uncertainty hovers over Russia-Ukraine war, the level of 16,200 may hold for Nifty.
Traders should remain cautious till the dust settles (volatility).
#KeepItSimple
👍40
IT Index - The Big Bull
IT index was major contributor to the Nifty rally in second half of 2021 but witnessed the profit bookings as market retraced.
Index is now trading at the crucial support zone of ichimoku cloud and witnessing the bullish momentum.
The bullish divergence on RSI as IT index hits 27 weeks low indicates the lack of bears strength. The 27 being the Fibonacci number plays a key important role in reversal.
If bulls manage to move above the previous week high of 34,692, we may witness the short covering rally in the markets and IT index may lead Nifty higher above the 17,000 mark.
#KeepItSimple
IT index was major contributor to the Nifty rally in second half of 2021 but witnessed the profit bookings as market retraced.
Index is now trading at the crucial support zone of ichimoku cloud and witnessing the bullish momentum.
The bullish divergence on RSI as IT index hits 27 weeks low indicates the lack of bears strength. The 27 being the Fibonacci number plays a key important role in reversal.
If bulls manage to move above the previous week high of 34,692, we may witness the short covering rally in the markets and IT index may lead Nifty higher above the 17,000 mark.
#KeepItSimple
👍22
Fast Profits Daily - A Trader's War Room
What should you be your war-time trading strategy?
http://www.eqtm.in/Wt9g6
What should you be your war-time trading strategy?
http://www.eqtm.in/Wt9g6
Bank Nifty - It's a Screaming Buy
It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades.
From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a correction over 20% on geo-political tensions.
Technically, it's a screaming buy as it trades around the long-term support area of 32,500-31,500 zone.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart at the recent lows of ~32,700 which is near the support zone.
Additionally, the 100WEMA is placed at 33,176 offering the support to bulls.
Traders/investors should gradually accumulate till 32,000 levels. The pattern negates on the breach of 30,400 levels.
Considering the favorable risk-reward, I believe this is the long-term buying opportunity in Bank Nifty.
The volatility will continue to stay higher amid the Russia-Ukraine developments and traders should risk only what they can afford.
#KeepItSimple
It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades.
From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a correction over 20% on geo-political tensions.
Technically, it's a screaming buy as it trades around the long-term support area of 32,500-31,500 zone.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart at the recent lows of ~32,700 which is near the support zone.
Additionally, the 100WEMA is placed at 33,176 offering the support to bulls.
Traders/investors should gradually accumulate till 32,000 levels. The pattern negates on the breach of 30,400 levels.
Considering the favorable risk-reward, I believe this is the long-term buying opportunity in Bank Nifty.
The volatility will continue to stay higher amid the Russia-Ukraine developments and traders should risk only what they can afford.
#KeepItSimple
👍31
USDINR - Will it be a nail in the coffin for Equities?
Indian Rupee depreciated to the historic low of 77.14 against dollar today.
Since it pandemic low of 77.0080, it consolidated in the range of 72-77 for 23months; finally it break the range.
I did a video last year stating the Rupee to head to 80 against Dollar, 'der aaye durust aaye' 😛
(Video link: https://www.youtube.com/watch?v=vkkbaG7wteI&t=1s )
Historically, the depreciating rupee have short-term pain on Indian equities but they tend to go hand-in-hand in the long-term (the percentage rise and fall may differ).
As Nifty corrected from 18,600 to ~15,700 level now, can the depreciating rupee be a last nail in the coffins for bears?
Additionally, the depreciating rupee will be the perks for IT sector and it may boost Nifty higher. IT sector weighs ~18% in Nifty which may trigger the reversal in the coming weeks.
#KeepItSimple
Indian Rupee depreciated to the historic low of 77.14 against dollar today.
Since it pandemic low of 77.0080, it consolidated in the range of 72-77 for 23months; finally it break the range.
I did a video last year stating the Rupee to head to 80 against Dollar, 'der aaye durust aaye' 😛
(Video link: https://www.youtube.com/watch?v=vkkbaG7wteI&t=1s )
Historically, the depreciating rupee have short-term pain on Indian equities but they tend to go hand-in-hand in the long-term (the percentage rise and fall may differ).
As Nifty corrected from 18,600 to ~15,700 level now, can the depreciating rupee be a last nail in the coffins for bears?
Additionally, the depreciating rupee will be the perks for IT sector and it may boost Nifty higher. IT sector weighs ~18% in Nifty which may trigger the reversal in the coming weeks.
#KeepItSimple
👍18