The index opened higher but ended in red after the Muhurat Trading; Nifty ended at 17,656 losing 0.42%.
The multiple bearish candlestick patterns are witnessed on the daily chart – Bearish Belt Hold and Bearish Engulfing signaling the reversal on cards.
As per Astro analysis, the solar eclipse is marked as the reversal day. The bearish candlestick duo adds fuel to Astro analysis.
The bearish bat harmonic pattern is visible on the short-term chart of Bank Nifty indicating the bearish expiry on Thursday. Read here
Infra is likely to be the Sector of the Month for November. I decoded the chart. Watch here
Brijesh Bhatia
Research Analyst, Fast Profit Report
The multiple bearish candlestick patterns are witnessed on the daily chart – Bearish Belt Hold and Bearish Engulfing signaling the reversal on cards.
As per Astro analysis, the solar eclipse is marked as the reversal day. The bearish candlestick duo adds fuel to Astro analysis.
The bearish bat harmonic pattern is visible on the short-term chart of Bank Nifty indicating the bearish expiry on Thursday. Read here
Infra is likely to be the Sector of the Month for November. I decoded the chart. Watch here
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍17❤3
Forwarded from Equitymaster
This Diwali week, I invested in... (Check all that apply)
Final Results
75%
Equities
14%
Equity Funds
4%
Global Equities
6%
FDs / Bonds
3%
Debt Funds
20%
Gold / Silver
4%
Property
2%
Cryptos
6%
Others
👍18👎1
Fast Profits Daily
Nifty – Err on the side of Caution As highlighted in the video on 14th October for the Diwali target of 17,800 on Nifty, we almost hit it! Video After the stellar rally from ~17,000 levels to ~17,800 levels, traders should not start tossing caution to the…
SGX Nifty indicating the opening around 17,900.
The PRZ of 17,890-17,945 will be interesting to watch in the first hour.
Bulls needs to be cautious in this range. Any bearish action can take index towards 17,500 levels.
Derivative Structure signals the major hurdle at 18,000 levels.
#ExpiryDay volatility is expected and both side swings can be on cards.
#Nifty
#KeepItSimple
The PRZ of 17,890-17,945 will be interesting to watch in the first hour.
Bulls needs to be cautious in this range. Any bearish action can take index towards 17,500 levels.
Derivative Structure signals the major hurdle at 18,000 levels.
#ExpiryDay volatility is expected and both side swings can be on cards.
#Nifty
#KeepItSimple
👍28❤7👎1
Fast Profits Daily
PSU Bank Index - Following the Footsteps of Bank Nifty The festive season has begun for bulls as benchmark NSE Nifty and the Bank Nifty index reclaimed 17,500 and 40,000 level, respectively. As we highlighted yesterday, the Bank Nifty formed a breakout from…
Updated Chart: PSU BANK - A Quick 10% Rally 📈
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The festive mood keeps the market in the range on expiry day; Nifty hovers around 17,700 and ends at 17,736 gaining 0.46%.
The bearish belt hold and the bearish engulfing high of 17,811 is yet to be taken out for bullish momentum to prolong.
Midcap Index should be on your watch list as it breaks out of the resistance zone and the falling trendline at 31,200.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bearish belt hold and the bearish engulfing high of 17,811 is yet to be taken out for bullish momentum to prolong.
Midcap Index should be on your watch list as it breaks out of the resistance zone and the falling trendline at 31,200.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍23❤2
Nifty - First Day, First Show 📈
Hey Bulls, It's Friday and the new series begins with BREAKOUT.
The series of falling trendline breakouts is visible in the rally from ~17,000 levels.
The First Day - First Show on Friday opening witness the fresh bullish breakout at 17,760 and heading northwards.
On the daily chart, the bearish candlestick pattern high of 17,811 will be the lucky break for the resumption of bullish momentum.
The break above 17,815-17,832 will trigger the target of 17,900+ levels on an intraday basis.
Bulls should keep a note of bearish bat completion ~17,945 may come into play at higher levels.
(CMP-17,795)
#Nifty
#KeepItSimple
Hey Bulls, It's Friday and the new series begins with BREAKOUT.
The series of falling trendline breakouts is visible in the rally from ~17,000 levels.
The First Day - First Show on Friday opening witness the fresh bullish breakout at 17,760 and heading northwards.
On the daily chart, the bearish candlestick pattern high of 17,811 will be the lucky break for the resumption of bullish momentum.
The break above 17,815-17,832 will trigger the target of 17,900+ levels on an intraday basis.
Bulls should keep a note of bearish bat completion ~17,945 may come into play at higher levels.
(CMP-17,795)
#Nifty
#KeepItSimple
👍33👎1
Sector to Watch for Next Week
2022 has been one of the volatile years for Indian markets as well as one of the best outperforming indexes globally.
Amid all the volatility, we are just a few per cent away from hitting the new all-time high while most of the global indices are trading at 52-week lows.
Crude Oil is one commodity which has kept most countries on their toes due to major swings from $65 to $129 and back to $80.
One index which dance to the tune of crude oil prices is the Energy index.
Energy Index – Technical Pattern
On the weekly bar chart, the index is trending in a symmetrical triangle pattern with a bullish trend.
While on P&F daily chart 0.15% X 3, index broke out of the consolidation zone confirms resumption of bullish trend.
Energy stocks should on the trader’s watchlist for next week.
Constituents
Reliance Ind - 31.30%
NTPC Ltd - 13.29%
Power Grid - 11.23%
ONGC - 10.97%
BPCL - 9.89%
IOC - 8%
GAIL - 5.61%
HPCL - 4.95%
Tata Power - 2.45%
Adani Transmission - 2.29%
(CMP-26,493)
2022 has been one of the volatile years for Indian markets as well as one of the best outperforming indexes globally.
Amid all the volatility, we are just a few per cent away from hitting the new all-time high while most of the global indices are trading at 52-week lows.
Crude Oil is one commodity which has kept most countries on their toes due to major swings from $65 to $129 and back to $80.
One index which dance to the tune of crude oil prices is the Energy index.
Energy Index – Technical Pattern
On the weekly bar chart, the index is trending in a symmetrical triangle pattern with a bullish trend.
While on P&F daily chart 0.15% X 3, index broke out of the consolidation zone confirms resumption of bullish trend.
Energy stocks should on the trader’s watchlist for next week.
Constituents
Reliance Ind - 31.30%
NTPC Ltd - 13.29%
Power Grid - 11.23%
ONGC - 10.97%
BPCL - 9.89%
IOC - 8%
GAIL - 5.61%
HPCL - 4.95%
Tata Power - 2.45%
Adani Transmission - 2.29%
(CMP-26,493)
👍39
Dear Equitymaster Premium Subscriber,
We have released the Weekly Technical Private Briefing on "Festive Demand Resumes Bullish Trend in Auto Stocks"
In this edition, I have analyzed the charts of Auto Index technical patterns as well as "The Trader's Compass for Upcoming Week - Nifty50 & BankNifty"
Just open your mailbox to read in detail.
Regards,
Brijesh Bhatia.
We have released the Weekly Technical Private Briefing on "Festive Demand Resumes Bullish Trend in Auto Stocks"
In this edition, I have analyzed the charts of Auto Index technical patterns as well as "The Trader's Compass for Upcoming Week - Nifty50 & BankNifty"
Just open your mailbox to read in detail.
Regards,
Brijesh Bhatia.
👍30
Sugar Stocks are like Diwali Soanpapdi
When you analyze the sector, the stocks tend to be trading in the trend with their peers. Historically, that’s not the case with sugar stocks.
In the last 6months, some of the sugar stocks lost sweetness and are down by 30-50% while a few are trading near their 52-week highs. It is difficult to judge why the sugar stocks are falling.
Equal Weighted Sugar Index (EWSI)
EWSI is the proprietary index created using sugar stocks with a minimum market cap of Rs.1,500crs as of 30th Oct’22.
On the weekly chart (left), the index has reversed from the resistance turn support and trending bullish.
On the daily chart (right), the index has hurdles at 3,136-3,165 zone.
I believe the sector is in the soanpapdi mode – just gift it and do not consume.
Though there are few stocks which are trending bullish, but at some point, they may correct with the sectorial trend.
The best time to invest should be on dips to 2,500-2,600 zone on EWSI.
(CMP-2,935)
#SugarStocks
#KeepItSimple
When you analyze the sector, the stocks tend to be trading in the trend with their peers. Historically, that’s not the case with sugar stocks.
In the last 6months, some of the sugar stocks lost sweetness and are down by 30-50% while a few are trading near their 52-week highs. It is difficult to judge why the sugar stocks are falling.
Equal Weighted Sugar Index (EWSI)
EWSI is the proprietary index created using sugar stocks with a minimum market cap of Rs.1,500crs as of 30th Oct’22.
On the weekly chart (left), the index has reversed from the resistance turn support and trending bullish.
On the daily chart (right), the index has hurdles at 3,136-3,165 zone.
I believe the sector is in the soanpapdi mode – just gift it and do not consume.
Though there are few stocks which are trending bullish, but at some point, they may correct with the sectorial trend.
The best time to invest should be on dips to 2,500-2,600 zone on EWSI.
(CMP-2,935)
#SugarStocks
#KeepItSimple
👍21
Forwarded from Accelerated Profits by Rahul Shah
Going LIVE at 5PM Today…
Today, at 5 PM (IST), I will be going live to reveal what I believe could potentially be the LAST BIG BUYING OPPORTUNITY for Indian Investors.
I will also reveal details of his Top 3 Stocks for 2023 which you could consider buying today to take full advantage of this highly lucrative time in Indian history…
You really don’t want to miss this…
Click on the link below for the Full Details
http://www.eqtm.in/Pz9a4
Today, at 5 PM (IST), I will be going live to reveal what I believe could potentially be the LAST BIG BUYING OPPORTUNITY for Indian Investors.
I will also reveal details of his Top 3 Stocks for 2023 which you could consider buying today to take full advantage of this highly lucrative time in Indian history…
You really don’t want to miss this…
Click on the link below for the Full Details
http://www.eqtm.in/Pz9a4
👍7
The bulls reclaim the 18,000 mark on the Nifty with all the sectorial indices closing on a positive note; the Nifty ends at 18,012 gaining 1.27%.
The HDFC twins awaken leading the Nifty towards the fresh breakout of 18,100 levels.
As per Dow Theory, the breakout from 18,100 on the index will end the bearish structure of lower high – lower low. It will also confirm the trend reversal as per the theory.
One sector that should be on your MarketWatch screen is the Energy Sector. Watch this video to know more. Click here
Brijesh Bhatia
Research Analyst, Fast Profit Report
The HDFC twins awaken leading the Nifty towards the fresh breakout of 18,100 levels.
As per Dow Theory, the breakout from 18,100 on the index will end the bearish structure of lower high – lower low. It will also confirm the trend reversal as per the theory.
One sector that should be on your MarketWatch screen is the Energy Sector. Watch this video to know more. Click here
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍21❤2
SGX Nifty indicates the GAP-UP opening above 18,100 📈
Good Morning Bulls!
An opening above 18,100 on Nifty will end the bearish structure of Lower High - Lower High 📉 and confirm the trend reversal as per Dow Theory (arrow marked on chart).
If we analyze the constituents of Nifty, 86% of the stock with the weights of 90% are trending bullish on charts.
An underperforming US markets is showing the sign of reversal too.
BULLS are you ready for NEW HIGH? 📈
#Nifty
#KeepItSimple
Good Morning Bulls!
An opening above 18,100 on Nifty will end the bearish structure of Lower High - Lower High 📉 and confirm the trend reversal as per Dow Theory (arrow marked on chart).
If we analyze the constituents of Nifty, 86% of the stock with the weights of 90% are trending bullish on charts.
An underperforming US markets is showing the sign of reversal too.
BULLS are you ready for NEW HIGH? 📈
#Nifty
#KeepItSimple
👍39👎4❤3
Nifty – With the Morning Tea CUP
An outperforming index with a reversal in global equities is approaching an all-time high level; Yes, It’s Nifty!
Nifty hit a high of 18,175 yesterday and traded at 41 weeks high. It is a couple of per cent away from hitting the new all-time high (18,604).
As per Dow Theory, the break and close above 18,100 ended the bearish lower high – lower low structure.
The bullish breakout from the CUP & HANDLE chart pattern is visible on the daily chart.
As SGX Nifty is trading down by ~30 points, a dip in the range of 18,000-18,100 will be an accumulation for bulls as it will be the retest zone of the pattern.
Additionally, the runaway gaps indicate the strength in the bullish momentum.
The contribution by blue-chips strengthens the market breadth. The HDFC twins are back in the action. Can they lead Nifty to an all-time high? Watch here
#Nifty
#KeepItSimple
An outperforming index with a reversal in global equities is approaching an all-time high level; Yes, It’s Nifty!
Nifty hit a high of 18,175 yesterday and traded at 41 weeks high. It is a couple of per cent away from hitting the new all-time high (18,604).
As per Dow Theory, the break and close above 18,100 ended the bearish lower high – lower low structure.
The bullish breakout from the CUP & HANDLE chart pattern is visible on the daily chart.
As SGX Nifty is trading down by ~30 points, a dip in the range of 18,000-18,100 will be an accumulation for bulls as it will be the retest zone of the pattern.
Additionally, the runaway gaps indicate the strength in the bullish momentum.
The contribution by blue-chips strengthens the market breadth. The HDFC twins are back in the action. Can they lead Nifty to an all-time high? Watch here
#Nifty
#KeepItSimple
👍30❤9👎1