Nifty - 17750+
BankNifty - 41200+

James Powell: US Federal Reserve raised interest rates by 75bps.
#FOMC

Daily Pre-Market Analysis - 22nd September | Nifty Prediction | Dollar Index & Indian Rupee | FOMC |

SGX Nifty Live @ 17,575

Have a Profitable Day 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/hLMxEXKba9U

Daily Pre-Market Analysis - 23rd September | Forget Nifty - Trade This... | USDINR | Bank Nifty |

SGX Nifty Live @ 17,560

#PreMarketAnalysis #KeepItSimple

https://youtu.be/dKP68IHjoKk

Nifty - 17,400, The Laxman Rekha

An index is trading at the crucial juncture of an Ending-Diagonal / Bearish Wedge pattern with a breakdown level below the previous low of 17.429.

The 23.60% Fibonacci retracement of 15,183-18,096 is placed at 17,408.

The bulls need to protect the Laxman-rekha level of 17,400.

The breakdown may shatter the hopes of new-all time highs and we may follow the Dow Jones way.
(CMP-17,470)

#Nifty
#KeepItSimple

BankNifty - Reciprocal AB=CD + Trendline Support

Pattern negates below 39,400

#BankNifty
#KeepItSimple

#Nifty Bulls trying hard to protect the support.

Can they hold?
👍 Yes
👎 No

The bears lead for a straight second week as the Nifty ends at 17,327 losing 1.16% while an outperforming Bank Nifty witnessed the profit booking losing 3% during the week.

The bearish engulfing followed by the bearish bar on the weekly chart blurs the future of a new all-time high for the Nifty; the break below 17,000 will confirm the short-term top at 18,096.

On the daily chart of the Nifty, the previous swing of 17,429 is breached indicating the bears are having an upper hand in the trend.

As we step into expiry week, the PCR ratio of 0.63 on the Nifty indicates something for bulls if the 17,100-17,000 range is protected by bulls.

Brijesh Bhatia
Research Analyst, Fast Profit Report

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Daily Pre-Market Analysis - 26th September | Nifty - The Trend Reversal Trade | Dow Jones @ 52-weeks Low |

SGX Nifty Live @ 17,180

Have a Profitable Day!

#PreMarketAnalysis #KeepItSimple

https://youtu.be/vHOBxY-idGc

Crude Oil Update - Goodbye $100

On 17th August 2022, I released a video indicating “Goodbye $100 Crude Oil” and Commodity Crash is on cards.

The oil prices were trading around the $88-89 mark and attempted to head higher but failed to cross above the $100 mark (High-$97).

The Breakdown

Crude Oil prices have breached the first support of $83 and heading for the major breakdown of $75.

Technically, the triangle breakout (red) at $85 triggered the bullish momentum towards $129. The level at the lower end of the triangle and the previous swing high (black horizontal line) is placed at $76 marking the do-or-die structure for bulls.

A close below $75 means the medium-term top is in place and we may forget the $100 price in 2022.

The southwards momentum may continue towards $65-50 levels in the coming months.

Equity investors can explore the stock’s benefits by falling Crude Oil prices.

#Crudeoil
#KeepItSimple

#Nifty 17000PE writers are managing to hold 17,000...Another Gap-Down and they may run to Exit.

Will Nifty Gap-down tomorrow?

👍🏻 Yes
👎🏻 No
❤️ Its Oversold - No View

The Monday mayhem on D-street after the Dow-Jones hitting a new 52-week low on Friday; Sensex and Nifty ends losing 1.64% and 1.8% respectively.

The wedge breakdown followed by the double top chart pattern on the daily chart confirms the trend reversal as the index closes below the neckline of 17,166.

The bulls tried hard to reverse during noon, but it was the retest of breakdown and the bearish momentum prolonged in the last hour of the day.

The momentum took a pause for the Nifty at the 200DMA (Daily Moving Average) placed at 16,992.

The PCR (Put/Call Ratio) for September Expiry is at an oversold level of 0.58.

With the price trending around the long-term 200DMA and PCR in an oversold zone; can we expect Reversal this week? 📈📉

Bulls need to cross and close above 17,660 to confirm the bullish reversal; else the rise will be an opportunity for bears.

Daily Pre-Market Analysis - 27th September | Nifty - Options Writers indicates Short-Covering Rally |.

SGX Nifty Live @ 17,070

Have a Profitable Day 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/eTw9KVXlG64

Do you know - The Dollar Index weights are revised just once since its inception in 1973 when Euro was launched.


Completing its 50 years in March 2023, should it be Revised with the addition of new currencies?

👍🏻 Yes
👎🏻 No
❤️ It doesn't matter to India