Nifty Pvt Bank Index warming up for the next leg of rally.

Who can take Index higher?
HDFCBk (~25% weightage)
ICICIBk (~23% weightage)
AxisBk (~15% weightage)
KotakBk (~13% weightage)

Metal Index Technical Setup:

Short-Term (Hourly Chart):
1. Demand zone
2. 200HEMA (Hourly Exponential Moving Average)
3. Shakeout taking leverage positions out

Long-Term - Copper($) & Metals Index(Daily Chart)
https://www.youtube.com/watch?v=taJ2SHxDkWA

#KeepItSimple

Nifty bulls likely to resume next week

1. ATH @ 15,431 acting as Support
2. Rising Trendline
3. Fibonacci Time highlights 21st June 2021 as bullish resumption

#KeepItSimple #GoodRRsetup

Is Nifty IT awaken King following Nasdaq?

Watch me in Fast Profits Daily on Monday morning discussing about Nifty and IT sector charts.

Subscribe to receive my Fast Profits updates to receive right in your inbox. Click here

https://www.equitymaster.com/fast-profits-daily/fpd-aa-ub.asp?regsrc=14114

Nifty View: Are we heading for 16,000?

The bulls have managed to hold the support even after the gap-down opening.

In our video above, I highlighted the key support area and Fib-Time Cycle for key trend resumption.

Watch it and define your trading plan for the week.

Fast Profits Daily - Why I'm Bullish on IT Stocks

This is why I think IT stocks will lead the next leg of the rally.

http://www.eqtm.in/r9N7K

DowJones forms Bullish AB=CD after correcting by more than 4%.

The reversal pattern is formed right above 200EMA on 4hrs Chart.

#KeepItSimple

Can BankNifty witness Short Covering rally?

BankNifty has been struggling to rally in last 4-5 weeks.

Derivatives data highlights shorts build-up.

Technical structure indicates the break above 35,200-35,500 zone can witness huge short covering rally.

The risk at current structure is if it fails to break, the test of recent lows cannot be ruled out.

Bulls VS Bears @ 35,200-35,500 zone.

#KeepItSimple

Auto Sector is Gearing up for a Bigger Rally

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Ah Not Again!

Bank Nifty failing to cross the hurdle of 35,200-35,500 and back below 35,000.

Bulls need to pull their socks to cross the hurdle, till than it's Option Writers Game.

On this Day in 1988:

Dell Computer Corp., run by then-23-year-old college dropout Michael Dell, goes public on NASDAQ at an initial price of $8.50 per share.

Nifty shy of hitting new all-time high; lost most of the gains in second half of the day to end at 15,772.75 gaining 0.17%.

Maruti (+5.30%) lead the day for Auto Index which gains 1.34% while BFSI underperformance prolongs.

The derivative structure indicates the range of 15,500-16,000 for next couple of days; short straddle and strangle seems an excellent strategy for expiry.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Nifty in June expiry has largely traded in the narrow range of 500-600pts; ends at 15,790.25 gaining 3% (expiry-on-expiry).

Are we heading for 16,000+ July series, What’s your view?

I believe we can hit as trend continue to remain bullish. The trend change level is 15,326 for this momentum to end.

Seasonality Analysis Performance for Nifty in July has positive returns of 1.49%(M-o-M) with 16 positive years and 9 negative in last 25years.

Brijesh Bhatia
Research Analyst, Fast Profit Report

USDINR @ 80

* History repeats itself of Rally > Retest > Rally since 2008
* +DI (Positive Directional Indicator) turns northwards above -DI and ADX

Watch my view recorded on 3rd March 2021:
https://www.youtube.com/watch?v=vkkbaG7wteI

On this Day in 1977:

The New York Stock Exchange begins quoting share prices in 1/16ths, nicknamed "steenths" or "teenies."
In theory, this narrows the spread between the bid price and the ask price.

Chart of the Day: Bitcoin

Is this new asset class Exciting & Rewarding?

Crypto trading is like visiting an amusement park with ride so fascinating and the biggest ride you see from far away excites to you visit the park, but at the same time you are afraid to enjoy the ride.

It all started with Bitcoin which you saw from far away and now when you entered the park, you got some exciting smaller and fun rides but by the time you reached the biggest ride (Bitcoin), you experienced the waggish people (sell-off).

I must say, don't be afraid as It's the time for you to enjoy the best ride.

Bitcoin ($) has formed the major bottoming structure as per Wyckoff Theory.

It has formed Spring or Shakeout at $28,600 which means the weak hands are thrown out and the new rally is unfolding.

We are entering Phase C of theory where prices are expected to go higher.

The pattern negates if the level of Spring is taken out.

Invest in cryptos only what you can afford to lose. Nothing more.

#KeepItSimple

Bank Nifty / Nifty Ratio Chart has reversed from support zone....

Can Bank Nifty outperform over Nifty?

#KeepItSimple