Indian indices recovered after the gap-down opening; Nifty ended at 17,241 losing 0.73%.
IT index kept the bulls in the game as it was the only index to end in green; gains 1.06%.
Watch the chart here https://t.me/FastProfitsReport/911
Nifty formed the bullish candle but an evening star candlestick pattern at the high of 17,428 dubious the traders about the bullish scenario.
Bank Nifty reversal from the gap support area of 38,500 indicates that bullish momentum can be on cards during the week. Traders can look to buy the dip till 38,292 is negated.
Brijesh Bhatia
Research Analyst, Fast Profit Report
IT index kept the bulls in the game as it was the only index to end in green; gains 1.06%.
Watch the chart here https://t.me/FastProfitsReport/911
Nifty formed the bullish candle but an evening star candlestick pattern at the high of 17,428 dubious the traders about the bullish scenario.
Bank Nifty reversal from the gap support area of 38,500 indicates that bullish momentum can be on cards during the week. Traders can look to buy the dip till 38,292 is negated.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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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
SGX Nifty Live @ 17,190
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/erZOnIEJuPo
YouTube
Daily Pre-Market Analysis - 11th October | Nifty & BankNifty Strategy | IT Index -Short-term Trade |
SGX Nifty Live @ 17,190
Watch out for:
1. Nifty & BankNifty - Intraday trading Levels
2. IT Index - The Short-term trade setup for bulls
3. Nasdaq - The threat to the IT index
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket…
Watch out for:
1. Nifty & BankNifty - Intraday trading Levels
2. IT Index - The Short-term trade setup for bulls
3. Nasdaq - The threat to the IT index
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket…
👍20❤2
The last hour selling on D-street ends the day below 17,000 for Nifty, which lost 257 points.
All sectoral indices ended in red with the Realty index losing 2.53%.
Nifty hovers in the range of 50DEMA (17,262) and 200DEMA (16,901).
The double-top breakdown, retest and bearish continuation signal the bears are having an upper hand in the short-term trend.
Brijesh Bhatia
Research Analyst, Fast Profit Report
All sectoral indices ended in red with the Realty index losing 2.53%.
Nifty hovers in the range of 50DEMA (17,262) and 200DEMA (16,901).
The double-top breakdown, retest and bearish continuation signal the bears are having an upper hand in the short-term trend.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍28👎3❤2
Daily Pre-Market Analysis - 12th October | Nifty - No Trading Zone | Bank Nifty - The Bulls Gap |
SGX Nifty Live @ 16,965
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/Sq-6WyH1R54
SGX Nifty Live @ 16,965
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/Sq-6WyH1R54
YouTube
Daily Pre-Market Analysis - 12th October | Nifty - No Trading Zone | Bank Nifty - The Bulls Gap |
Alert: Discover Top 3 Stock Picks for 2023…- http://www.eqtm.in/i3FDd
SGX Nifty Live @ 16,965
Watch out for:
1. Nifty - The 16,700-17,500 range may be Time-Correction
2. Bank Nifty - The gap of 38,100-38,570 may back bulls.
Have a Profitable Day!
#nifty…
SGX Nifty Live @ 16,965
Watch out for:
1. Nifty - The 16,700-17,500 range may be Time-Correction
2. Bank Nifty - The gap of 38,100-38,570 may back bulls.
Have a Profitable Day!
#nifty…
👍12❤1
Auto Index – Make-or-Break
After outperforming for straight four months between May-August 2022 against Nifty50, the auto index lost its momentum in September and carried over in October.
Are bulls tired?
Auto Index has corrected over 8% from its all-time high of 13,421 and hovering in the range of 12,300-13,000 range.
The momentum seems exhaustive on the weekly timeframe as markets have corrected from 18,000 levels to 17,000 levels on Nifty50.
The Trader’s Opportunity
On the 2hours chart, the index is trading in the rising megaphone pattern.
The low of 12,459 and the reversal in the momentum signals bulls are grabbing the opportunity.
But long they can take it?
The falling trendline and bearish bar (marked red) resistance at 12,725 is a must-break for bulls to head higher towards 13,000+ levels; else bears will take the lead on the break of 12,400.
Trades should grab an opportunity on the range break of 12,400-12,730.
(CMP-12,550)
#KeepItSimple
After outperforming for straight four months between May-August 2022 against Nifty50, the auto index lost its momentum in September and carried over in October.
Are bulls tired?
Auto Index has corrected over 8% from its all-time high of 13,421 and hovering in the range of 12,300-13,000 range.
The momentum seems exhaustive on the weekly timeframe as markets have corrected from 18,000 levels to 17,000 levels on Nifty50.
The Trader’s Opportunity
On the 2hours chart, the index is trading in the rising megaphone pattern.
The low of 12,459 and the reversal in the momentum signals bulls are grabbing the opportunity.
But long they can take it?
The falling trendline and bearish bar (marked red) resistance at 12,725 is a must-break for bulls to head higher towards 13,000+ levels; else bears will take the lead on the break of 12,400.
Trades should grab an opportunity on the range break of 12,400-12,730.
(CMP-12,550)
#KeepItSimple
👍18❤1
Suzlon Energy – Accumulation or Distribution?
Every time you discuss stock markets and individual stocks in particular, be it at the coffee table or at a dinner party, the conversation doesn’t end without a mention of Suzlon Energy.
More so because it falls under the category of penny stocks and retail investors love penny stocks.
Being a market leader in wind energy space, the company is one of the popular stocks on Indian bourses.
True, it has been in the news owing to the fair share of challenges it faced over the past few years.
This time around, the company is in the news again as it is charting a recover path and looking to raise funds via rights issue.
Should you Subscribe?
Our team at Equitymaster recently published an editorial explaining whether it makes sense to subscribe to Suzlon’s rights issue.
You can check it out here: Should You Subscribe to Suzlon's Rights Issue?
Every time you discuss stock markets and individual stocks in particular, be it at the coffee table or at a dinner party, the conversation doesn’t end without a mention of Suzlon Energy.
More so because it falls under the category of penny stocks and retail investors love penny stocks.
Being a market leader in wind energy space, the company is one of the popular stocks on Indian bourses.
True, it has been in the news owing to the fair share of challenges it faced over the past few years.
This time around, the company is in the news again as it is charting a recover path and looking to raise funds via rights issue.
Should you Subscribe?
Our team at Equitymaster recently published an editorial explaining whether it makes sense to subscribe to Suzlon’s rights issue.
You can check it out here: Should You Subscribe to Suzlon's Rights Issue?
👍14❤2👎2
Daily Pre-Market Analysis - 13th October | Nifty & Bank Nifty - Expiry Strategy | Intraday Levels |
SGX Nifty Live @ 17,040
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/Ydox_ozWBPk
SGX Nifty Live @ 17,040
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/Ydox_ozWBPk
YouTube
Daily Pre-Market Analysis - 13th October | Nifty & Bank Nifty - Expiry Strategy | Intraday Levels |
Alert: Discover Top 3 Stock Picks for 2023…- http://www.eqtm.in/i3FDd
SGX Nifty Live @ 17,040
Watch out for:
1. Nifty - Maybe the rangebound expiry
2. Bank Nifty - An outperforming sectorial indices
Have a Profitable Day!
#nifty #banknifty #niftyanalysis…
SGX Nifty Live @ 17,040
Watch out for:
1. Nifty - Maybe the rangebound expiry
2. Bank Nifty - An outperforming sectorial indices
Have a Profitable Day!
#nifty #banknifty #niftyanalysis…
👍14
Forwarded from Equitymaster
Do you use Equitymaster's Portfolio Tracker to track your stock and mutual fund holdings?
Final Results
27%
Yes
73%
No
👍1
Wipro – Stock price on thin ice
As the company announced its quarterly results yesterday, the stock opened lower and trading down over 5%.
I’m not getting into the results update and reason to find why the Wipro stock price is falling, but the stock is trading at the thin ice levels.
Will History Repeat itself?
Similar volumes were witnessed on the 21st July 2022 opening tick and the price action reversed northwards.
The only difference between the two bars is the closing of the bar.
The close of 21st July bar was higher while today’s bar close is near the low.
Interestingly, there is no follow-up selling after the first 10mins of the opening today.
As per the Volume-Spread Analysis (VSA) theory, the bar with the highest volumes acts as support and resistance for further momentum.
In the previous volume bar, the low set the tone for the bullish momentum.
The momentum above 400 will decide the strength of today’s opening bar.
(CMP-385)
#Wipro
#KeepItSimple
As the company announced its quarterly results yesterday, the stock opened lower and trading down over 5%.
I’m not getting into the results update and reason to find why the Wipro stock price is falling, but the stock is trading at the thin ice levels.
Will History Repeat itself?
Similar volumes were witnessed on the 21st July 2022 opening tick and the price action reversed northwards.
The only difference between the two bars is the closing of the bar.
The close of 21st July bar was higher while today’s bar close is near the low.
Interestingly, there is no follow-up selling after the first 10mins of the opening today.
As per the Volume-Spread Analysis (VSA) theory, the bar with the highest volumes acts as support and resistance for further momentum.
In the previous volume bar, the low set the tone for the bullish momentum.
The momentum above 400 will decide the strength of today’s opening bar.
(CMP-385)
#Wipro
#KeepItSimple
👍23❤5
The writer’s weekly expiry as Nifty hovers around the 17,000 mark; ends at 17,014 losing 0.64%.
The Triple Inside bar pattern on the daily chart of Nifty indicates that volatility expansion can be on cards; the break of 16,945-17,150 will be the trend decider tomorrow.
Bulls are managing to hold the 200DEMA (Daily Exponential Moving Average) placed at 17,089.
On broader chart scales, the 16,750 will be the make-or-break for bulls.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The Triple Inside bar pattern on the daily chart of Nifty indicates that volatility expansion can be on cards; the break of 16,945-17,150 will be the trend decider tomorrow.
Bulls are managing to hold the 200DEMA (Daily Exponential Moving Average) placed at 17,089.
On broader chart scales, the 16,750 will be the make-or-break for bulls.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍20❤1👏1
Daily Pre-Market Analysis - 14th October | Nifty - Diwali Target @ 17,800 | An Important Announcement |
SGX Nifty Live @ 17,260
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/GboEA0wqGWc
SGX Nifty Live @ 17,260
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/GboEA0wqGWc
YouTube
Daily Pre-Market Analysis - 14th October | Nifty - Diwali Target @ 17,800 | Important Announcement |
SGX Nifty Live @ 17,260
Watch out for:
1. Nifty - Target of 17,800 by Diwali
2. An Important Announcement
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket #sgxnifty
*Stay Connected with Equitymaster*
✅ Latest Research…
Watch out for:
1. Nifty - Target of 17,800 by Diwali
2. An Important Announcement
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket #sgxnifty
*Stay Connected with Equitymaster*
✅ Latest Research…
👍23❤1👎1
The D-street opens higher as global markets witnessed the recovery on Thursday; Nifty ends at 17,185 gaining 1%.
The broader range of 17,500-16,800 prolongs on Nifty with the slope of RSI turning northwards indicating the strength in bullish momentum.
The breakout of 17,166 retested in the second half of the day, the follow-up bullish momentum may trigger the target of 17,800 by Diwali.
Banks and IT, the highest weightage sectors can lead the Nifty50 to the expected target.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The broader range of 17,500-16,800 prolongs on Nifty with the slope of RSI turning northwards indicating the strength in bullish momentum.
The breakout of 17,166 retested in the second half of the day, the follow-up bullish momentum may trigger the target of 17,800 by Diwali.
Banks and IT, the highest weightage sectors can lead the Nifty50 to the expected target.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍13❤2👎1
Dear Equitymaster Subscriber,
We have released the Weekly Technical Private Briefing on "It's Time to Play the Odds in the Market - IT Index"
In this edition, I have analyzed the charts of Nasdaq and IT Index as well as "The Trader's Compass for Upcoming Week - Nifty50"
Just open your mailbox to read in details.
We have released the Weekly Technical Private Briefing on "It's Time to Play the Odds in the Market - IT Index"
In this edition, I have analyzed the charts of Nasdaq and IT Index as well as "The Trader's Compass for Upcoming Week - Nifty50"
Just open your mailbox to read in details.
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