Join My First Ever Telegram Livestream
Indian markets have been volatile with gap-up and gap-down openings. This is risky for any trader.
As we step into the monthly expiry week, index trends are very important to watch.
On Friday, 22 April 2022, at 5 pm IST, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
My goal with this livestream is to share ideas where the technical structure could offer good trading opportunities for May 2022.
Mark your calendar for Friday, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Indian markets have been volatile with gap-up and gap-down openings. This is risky for any trader.
As we step into the monthly expiry week, index trends are very important to watch.
On Friday, 22 April 2022, at 5 pm IST, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
My goal with this livestream is to share ideas where the technical structure could offer good trading opportunities for May 2022.
Mark your calendar for Friday, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍37❤3
Nifty reverse on D-street after the ferocious sell-off in the last hour yesterday; reclaims 17,100 to settle at 17,136 gaining 1.05%.
Index took support at 200DEMA (Daily Exponential Moving Average) placed at 16,840.
The major hurdle for bulls will be the gap area of 17,250-17,450, above which the low of 16,824 will be the short-term bottom in place for 18,000 levels.
As per the time-cycle, the bearish momentum may take a pause till 16,800 is not breached.
Bank Nifty took support at 36,000 levels; expecting the short covering rally towards 37,112-37,367 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index took support at 200DEMA (Daily Exponential Moving Average) placed at 16,840.
The major hurdle for bulls will be the gap area of 17,250-17,450, above which the low of 16,824 will be the short-term bottom in place for 18,000 levels.
As per the time-cycle, the bearish momentum may take a pause till 16,800 is not breached.
Bank Nifty took support at 36,000 levels; expecting the short covering rally towards 37,112-37,367 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍29❤3
Forwarded from Equitymaster
Dear Valued Member,
www.EquityMaster.com is now LIVE.
It’s been a trying 4 weeks since the dastardly ransomware attack.
But we are happy that we are starting to put this behind us. I know you are too.
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Go ahead visit www.Equitymaster.com now... and access all our honest and credible research. (Before you access the premium section on Equitymaster, you will need to reset your password - https://www.equitymaster.com/Subscription/ResetPassword.aspx?email= .)
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CEO, Equitymaster Agora Research Private Limited (Research Analyst)
PS: Do send in all your comments and questions...If you prefer to talk to us, just give us a missed call at +91-9136015013 and one of my colleagues will call you right back.
www.EquityMaster.com is now LIVE.
It’s been a trying 4 weeks since the dastardly ransomware attack.
But we are happy that we are starting to put this behind us. I know you are too.
Thank you once again for all your patience and support even as we dealt with the situation.
As you read this, the extremely dedicated Equitymaster team continues to work flat out to ensure that your overall experience continues to improve in the days and weeks to come.
This is a complete rebuild effort. So, if you encounter any issues, please do write to us at info@equitymaster.com.
Know that each and every feedback and suggestion will be dealt with promptly.
Go ahead visit www.Equitymaster.com now... and access all our honest and credible research. (Before you access the premium section on Equitymaster, you will need to reset your password - https://www.equitymaster.com/Subscription/ResetPassword.aspx?email= .)
Finally a word on the Portfolio Tracker.
We are laying out plans to rebuild the portfolio tracker. With super strong safety features. We also plan to offer tools to make it easy for you to upload your data into the new Portfolio Tracker seamlessly.
A detailed FAQ on the current status of the Portfolio Tracker is available here...
https://www.equitymaster.com/portfolio/faq.asp
Before I sign off, I would once again like to thank you for all your patience and support.
Warm Regards,
Rahul Goel
CEO, Equitymaster Agora Research Private Limited (Research Analyst)
PS: Do send in all your comments and questions...If you prefer to talk to us, just give us a missed call at +91-9136015013 and one of my colleagues will call you right back.
👍10❤3
Realty Index - Building the higher base
I have released the video in the second week of March 2022 stating "Time to Buy Real Estate Stocks". Index rallied over 20% post video. Watch here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
Index has retraced again to 442 levels. This retracement is 38.20% Fibonacci level of the recent rally from 389 to 482.
The bullish reversal candlestick pattern "Bullish Harami Cross" is visible right at the support of Fibonacci retracement.
Additionally, the long-term moving average of 200DEMA placed at 443 acting as support zone for bulls.
The reversal candlestick pattern at long-term moving average and Fibonacci retracement strengthens the higher base on chart.
The momentum indicator Stochastic is supporting bulls as the positive crossover signals bullish opportunity.
#KeepItSimple
I have released the video in the second week of March 2022 stating "Time to Buy Real Estate Stocks". Index rallied over 20% post video. Watch here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
Index has retraced again to 442 levels. This retracement is 38.20% Fibonacci level of the recent rally from 389 to 482.
The bullish reversal candlestick pattern "Bullish Harami Cross" is visible right at the support of Fibonacci retracement.
Additionally, the long-term moving average of 200DEMA placed at 443 acting as support zone for bulls.
The reversal candlestick pattern at long-term moving average and Fibonacci retracement strengthens the higher base on chart.
The momentum indicator Stochastic is supporting bulls as the positive crossover signals bullish opportunity.
#KeepItSimple
👍25
Join My First Ever Telegram Livestream
At 5 pm IST tomorrow, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I will share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
Make a note. Tomorrow, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
At 5 pm IST tomorrow, I will be sharing my view on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I will share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
Make a note. Tomorrow, 5 pm.
All you will need to do is accept the Telegram alert to join the livestream…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍26❤2
Join My First Ever Telegram Livestream
At 5 pm TODAY, I will go live on Telegram to share my views on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I also plan to share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
All you will need to do is accept the Telegram alert to join the livestream at 5pm TODAY…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
At 5 pm TODAY, I will go live on Telegram to share my views on the Nifty, Bank Nifty, and a couple of sectoral indices of interest in the context of the coming expiry week.
I also plan to share ideas where I believe the technical structure could offer good trading opportunities for May 2022.
All you will need to do is accept the Telegram alert to join the livestream at 5pm TODAY…
Just in case you are not my telegram channel as yet…or want your fellow traders to attend, ask them to click here - https://t.me/FastProfitsReport
Telegram
Fast Profits Daily
Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
Channel for educational purposes only read our Terms on Equitymaster.com
Channel for educational purposes only read our Terms on Equitymaster.com
👍12
Bank Nifty - The Strangle at Play
Bank Nifty is one of the most underperforming sectorial indices against Nifty since February 2021.
The recent momentum in Nifty is lead by Reliance while the correction in HDFC Bank (weightage of ~28%) kept Bank Nifty under pressure.
Technically, index is trending between the canals of gaps with resistance placed at 37,400 and support at 35,800.
The rise yesterday resisted at the key psychological of 37,000 and 100HEMA (Hourly Exponential Moving Average) which was placed at 36,914.
Additionally, the less tracked 22 degrees rising trendline has support placed at 36,200 around the gap area.
As an option trader, the best strategy to play the setup is the short strangle till the index continues to trade in the mentioned range.
Traders must understand the risk involved in shorting the options as the risk is unlimited and it is advised to trade with strict stoploss.
#KeepItSimple
Bank Nifty is one of the most underperforming sectorial indices against Nifty since February 2021.
The recent momentum in Nifty is lead by Reliance while the correction in HDFC Bank (weightage of ~28%) kept Bank Nifty under pressure.
Technically, index is trending between the canals of gaps with resistance placed at 37,400 and support at 35,800.
The rise yesterday resisted at the key psychological of 37,000 and 100HEMA (Hourly Exponential Moving Average) which was placed at 36,914.
Additionally, the less tracked 22 degrees rising trendline has support placed at 36,200 around the gap area.
As an option trader, the best strategy to play the setup is the short strangle till the index continues to trade in the mentioned range.
Traders must understand the risk involved in shorting the options as the risk is unlimited and it is advised to trade with strict stoploss.
#KeepItSimple
👍38
Nifty - Chart discussed yesterday in Telegram Live
Levels to watch for next week - 16750-17550 zone will be the trend decider.
Levels to watch for next week - 16750-17550 zone will be the trend decider.
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👍35❤10
IT Index - Resumption in Bearish Momentum
IT index has corrected over 10% this month lead by Infosys (-18%), TechM (-15%) and Wipro (-11%) so far.
I did a video last week indicating GoodBye Bulls in IT Sector and index is now resuming the bearish momentum in todays session.
Watch video here https://youtu.be/AcwDAmbuFq4
The distribution phase of Wyckoff theory is in place on chart of IT sector signaling the bears are having an upper hand of the trend.
The gap-down opening today resumes the bearish momentum on IT stocks and these stocks are the shorting stocks as the large-caps are leading the way lower.
I believe, IT stocks are in short on rise opportunity phase as most of them are in F&O segment.
Incase, we close below 31,500 on IT index, the momentum could accelerate in the short term.
#KeepItSimple
IT index has corrected over 10% this month lead by Infosys (-18%), TechM (-15%) and Wipro (-11%) so far.
I did a video last week indicating GoodBye Bulls in IT Sector and index is now resuming the bearish momentum in todays session.
Watch video here https://youtu.be/AcwDAmbuFq4
The distribution phase of Wyckoff theory is in place on chart of IT sector signaling the bears are having an upper hand of the trend.
The gap-down opening today resumes the bearish momentum on IT stocks and these stocks are the shorting stocks as the large-caps are leading the way lower.
I believe, IT stocks are in short on rise opportunity phase as most of them are in F&O segment.
Incase, we close below 31,500 on IT index, the momentum could accelerate in the short term.
#KeepItSimple
👍26❤1
Forwarded from Equitymaster
Portfolio Tracker is LIVE. Please Log In...
Dear Valued Member:
Just a short while ago, we took a major step in our post ransomware recovery process.
Here goes...
We have gone LIVE with the Portfolio Tracker. With all your data intact.
Yes, we have restored the portfolio tracker service for you, dear reader.
This was made possible with support from our partners in the US.
I now invite you to visit the Portfolio Tracker and access all your reports as you normally would.
https://www.EquityMaster.com/portfolio
If you have any questions and comments related to the Portfolio Tracker, as always, just drop us a line at info@equitymaster.com and our team will look into it right away.
Before I sign off, I want to address the point about integrity of our data going forward.
You see, while we had what we believed to be the best-in-class systems to protect our systems and data, we still suffered from the targeted ransomware attack.
Clearly, we need to do a lot more.
You have our commitment that we are doing everything that we can do to make our systems safe and secure.
Finally, I know that the fear of ‘loss’ of your portfolio tracker data caused you a lot of anguish.
On behalf of the entire team at Equitymaster, I apologise for the same.
I hope, as in the past, you will continue to visit Equitymaster for honest and credible opinions on investing...and, for tracking your stocks and mutual fund portfolios.
Warm regards
Rahul Goel
CEO, Equitymaster
Dear Valued Member:
Just a short while ago, we took a major step in our post ransomware recovery process.
Here goes...
We have gone LIVE with the Portfolio Tracker. With all your data intact.
Yes, we have restored the portfolio tracker service for you, dear reader.
This was made possible with support from our partners in the US.
I now invite you to visit the Portfolio Tracker and access all your reports as you normally would.
https://www.EquityMaster.com/portfolio
If you have any questions and comments related to the Portfolio Tracker, as always, just drop us a line at info@equitymaster.com and our team will look into it right away.
Before I sign off, I want to address the point about integrity of our data going forward.
You see, while we had what we believed to be the best-in-class systems to protect our systems and data, we still suffered from the targeted ransomware attack.
Clearly, we need to do a lot more.
You have our commitment that we are doing everything that we can do to make our systems safe and secure.
Finally, I know that the fear of ‘loss’ of your portfolio tracker data caused you a lot of anguish.
On behalf of the entire team at Equitymaster, I apologise for the same.
I hope, as in the past, you will continue to visit Equitymaster for honest and credible opinions on investing...and, for tracking your stocks and mutual fund portfolios.
Warm regards
Rahul Goel
CEO, Equitymaster
👍6
Banking Index - The Candlestick Reversal
Banking stocks are outperforming against the benchmark index Nifty in last couple of days. Though Nifty ended on negative note yesterday, Bank Nifty ended in green on the back of private banks.
The Private Bank Index and PSU Bank Index are forming the bullish reversal candlestick pattern.
On Private Bank Index, the bullish meeting lines candlestick pattern is visible on daily chart. The pattern formed at the 50% Fibonacci retracement of the previous rally from 16,300 to 19,600. The momentum indicator Stochastic is turning bullish in an oversold territory supporting the reversal structure.
On PSU Bank Index, the probable Morning Star bullish reversal candlestick pattern is visible on charts. The bullish reversal candle is forming at the 100DEMA. Stochastic is in oversold territory and the slope may turn northwards signaling the bullish tone.
The bullish reversal on Private as well as PSU Bank index indicates the bullish scenario for the May series.
#KeepItSimple
Banking stocks are outperforming against the benchmark index Nifty in last couple of days. Though Nifty ended on negative note yesterday, Bank Nifty ended in green on the back of private banks.
The Private Bank Index and PSU Bank Index are forming the bullish reversal candlestick pattern.
On Private Bank Index, the bullish meeting lines candlestick pattern is visible on daily chart. The pattern formed at the 50% Fibonacci retracement of the previous rally from 16,300 to 19,600. The momentum indicator Stochastic is turning bullish in an oversold territory supporting the reversal structure.
On PSU Bank Index, the probable Morning Star bullish reversal candlestick pattern is visible on charts. The bullish reversal candle is forming at the 100DEMA. Stochastic is in oversold territory and the slope may turn northwards signaling the bullish tone.
The bullish reversal on Private as well as PSU Bank index indicates the bullish scenario for the May series.
#KeepItSimple
👍16
Market swings in a range; Reliance leads the day for Nifty to settle at 17,200 gaining 1.46%.
As I highlighted in the Telegram Live, index is expected to trade in the range for the expiry; it hovers in the range of 16,800-17,500. https://t.me/FastProfitsReport/521?single
Nifty reversed from 200DEMA and forms the higher low yesterday at 16,888. The gap area is playing key support zone.
An island reversal and Morning-star bullish reversal candlestick on daily chart of Nifty indicates the bulls are having an upper hand.
US markets reversed last night indicating the bullish momentum on Wallstreet. If the bullish momentum continues today, Nifty may head towards 17,400-17,450 zone ahead of monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
As I highlighted in the Telegram Live, index is expected to trade in the range for the expiry; it hovers in the range of 16,800-17,500. https://t.me/FastProfitsReport/521?single
Nifty reversed from 200DEMA and forms the higher low yesterday at 16,888. The gap area is playing key support zone.
An island reversal and Morning-star bullish reversal candlestick on daily chart of Nifty indicates the bulls are having an upper hand.
US markets reversed last night indicating the bullish momentum on Wallstreet. If the bullish momentum continues today, Nifty may head towards 17,400-17,450 zone ahead of monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍8❤6