Daily Pre-Market Analysis - 5th August | Nifty | Bank Nifty | IT Index

SGX Nifty Live @ 17,450

Discussed the chart setup of:

1. Nifty - the broader range
2. Bank Nifty - Bearish Candlestick Pattern
5. IT Index - The base is in place

Have a Profitable Day! 📈💰

#nifty #banknifty #niftyanalysis #intraday #stockmarket #itindex

https://youtu.be/zup_5pWcUok

Daily Pre-Market Analysis - 22nd August | Nifty-Short-term Top? | Sector Analysis | Short these Stocks |

SGX Nifty Live @ 17,675

Watch out for:

1. Nifty
A. Bearish Engulfing
B. Dow Theory
C. Retest of Rising Channel Breakout
D. Trendline Breakout

2. Bank Nifty
A. Bearish Engulfing
B. Gap Area
C. Horizontal Channel

3. Sectors to buy on dips
A. Energy Index - Multiple breakouts
B. IT Index - Bargain buyers holding the index higher

4. Shorting Opportunity
A. Pharma Index - Rejection at 200DEMA

Have a Profitable Day! 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/9PHWBaTxOZM

Daily Pre-Market Analysis - 11th October | Nifty & BankNifty Strategy | IT Index - The Short-term Trade |

SGX Nifty Live @ 17,190

Have a Profitable Day! 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/erZOnIEJuPo

NASDAQ up 7%, It’s Time for the Nifty IT Index 📈

Nasdaq (NDX) rallied over 7% in yesterday’s session on the back of the short-covering rally.

Do you remember when did Nasdaq rallied over 7% last time?

It’s a rare scenario but are we repeating the V-shape reversal like in 2020?

Post the pandemic fall, the V-shape reversal in global markets lead to a 7+% rally in the index on 24th March 2020 and 6th April 2020.

If you remember, I have recorded a video indicating the Wyckoff bottoming formation in NDX and the Last Point of Support (LPS) is in place for the index. Watch here

The moves are exactly as the textbook pattern and if we go as per the pattern, the bottom is in place for the next few months.

Indian investors, it’s time to focus on an underperforming index - IT Index

The bulls are ready with an open and low nearly same on IT index yesterday.

You can’t keep Infy, TCS, TechM & HCL Tech underperforming for a long-time if you want Nifty to rally higher.

Are you ready?

#Nasdaq
#ITindex
#KeepItSimple

IT Index to Outperform Nifty50 – signals Sine Wave Indicator

The short-covering rally in the US tech stocks triggered the bullish momentum for Nasdaq from ~10,700 levels to 12,000.

Indian IT index, a follower of the Nasdaq witnessed bullish momentum in the last few weeks and is up by ~14% from the recent low of 26,186.

The Tide is turning Bullish

On the weekly ratio chart of Nifty IT Index / Nifty50, the ratio has reversed after testing the previous breakouts. The resistance has turned support on the charts (marked green).

The ratio heading northwards means an outperformance of IT Index over Nifty 50.

The sine wave indicators on charts signal the IT index is likely to outperform over Nifty 50 in the coming weeks.

The 62 weeks sine wave (blue) and 27 weeks (red) indicate an end of bearish trend on chart.

As per the indicator, the slope of blue & red line heading northwards is a sign of bullish scenario and the reversal on the ratio chart signals an outperformance for IT stocks.

#ITIndex
#KeepItSimple

TCS - The Lone Wolf 🔥

As highlighted in the video, TCS is outperforming the IT pack. 💰

Hope you didn't miss my video.

#ITIndex
#TCS
#KeepItSimple