SGX Nifty indicates the bulls are approaching an all-time high on Nifty.
Indian markets hit the 52-week highs on Friday and a percent away from hitting an all-time high now.
US Tech stocks have led the rally in the last couple of trading sessions as Nasdaq gains ~9% last week.
Nasdaq is trending exactly as per the textbook theory of Wyckoff pattern.
The rising tech stocks in US may witness buying spree in Indian IT stocks as well.
Infy, TCS, TechM & HCLTech should be on your watchlist today.
#SGXNifty - 18,461
Indian markets hit the 52-week highs on Friday and a percent away from hitting an all-time high now.
US Tech stocks have led the rally in the last couple of trading sessions as Nasdaq gains ~9% last week.
Nasdaq is trending exactly as per the textbook theory of Wyckoff pattern.
The rising tech stocks in US may witness buying spree in Indian IT stocks as well.
Infy, TCS, TechM & HCLTech should be on your watchlist today.
#SGXNifty - 18,461
SGX Nifty is trending higher by 50pts in sync with HangSeng which is up by 2.8%.
HangSeng is trending odd against the global markets which closed between +/- 1% yesterday.
After opening with a gap-up, Indian markets were lacklustre in last few trading sessions. It's been intraday Options Writer's game for the last few weeks.
The trend for Indian markets is bullish but can it hit an all-time high?
Bank Nifty is showing the sign of a bullish continuation from the gap support area and formed a bullish harmonic on 15mins chart. If bulls manage to hold 41,800, they can take it to 42,500-42,800 this week. Watch Chart here
#SGXNifty - 18,428
#BankNifty
#KeepItSimple
HangSeng is trending odd against the global markets which closed between +/- 1% yesterday.
After opening with a gap-up, Indian markets were lacklustre in last few trading sessions. It's been intraday Options Writer's game for the last few weeks.
The trend for Indian markets is bullish but can it hit an all-time high?
Bank Nifty is showing the sign of a bullish continuation from the gap support area and formed a bullish harmonic on 15mins chart. If bulls manage to hold 41,800, they can take it to 42,500-42,800 this week. Watch Chart here
#SGXNifty - 18,428
#BankNifty
#KeepItSimple
Fast Profits Daily
Are the Nifty Bulls Tired? 🤨 Decoding the Charts, Video Coming Soon...
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Are the Nifty Bulls Tired? | Nifty Analysis | Bearish Harmonic |
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Nifty has hit the new 52week high of 18,399 yesterday but the gap-up opening and the lackluster momentum is the saga for the past few sessions on Nifty.
The index is…
Nifty has hit the new 52week high of 18,399 yesterday but the gap-up opening and the lackluster momentum is the saga for the past few sessions on Nifty.
The index is…
The last hour buying hits the new 52-week high on D-street; Sensex hits 61,955 while Nifty hits 18,427.
Nifty closes above the resistance zone of 18,350 indicating the bulls are getting stronger.
Bank Nifty continue to outperform over Nifty50 leading the way for markets towards an all-time high.
Brijesh Bhatia,
Research analyst, Fast Profits Report
Nifty closes above the resistance zone of 18,350 indicating the bulls are getting stronger.
Bank Nifty continue to outperform over Nifty50 leading the way for markets towards an all-time high.
Brijesh Bhatia,
Research analyst, Fast Profits Report
US Tech Stocks rally as Nasdaq leads the day on Wall Street with gains of 1.45%.
Nasdaq breaks out of the bullish head & shoulder pattern. Indian traders should keep IT stocks on their watchlist.
I recorded a video on 28th October indicating the strength in IT stocks. Watch here
SGX Nifty indicates a negative opening of ~90points at 18,405.
Will you BUY the GAP-DOWN?
👍🏻 Yes
👎🏻 No
❤️ Unfavourable Risk: Reward
#SGXNiftyLive
#KeepItSimple
Nasdaq breaks out of the bullish head & shoulder pattern. Indian traders should keep IT stocks on their watchlist.
I recorded a video on 28th October indicating the strength in IT stocks. Watch here
SGX Nifty indicates a negative opening of ~90points at 18,405.
Will you BUY the GAP-DOWN?
👍🏻 Yes
👎🏻 No
❤️ Unfavourable Risk: Reward
#SGXNiftyLive
#KeepItSimple
Sweet as Sugar
The Sugar index is trending bullish after breaking out of the triangle pattern.
As we don’t have the sectorial index for Sugar sector, we created an Equal Weighted Sugar Index (EWSI) with the sugar stocks listed on NSE.
EWSI is created using the stocks with a minimum market cap of Rs 1,500crs as on 15th November 2022.
After the stellar rally in 2021, the sugar index is consolidating for the last six months.
The recent breakout from the triangle pattern signals the sugar is getting sweeter for the next leg of rally.
#SugarStocks
#KeepItSimple
The Sugar index is trending bullish after breaking out of the triangle pattern.
As we don’t have the sectorial index for Sugar sector, we created an Equal Weighted Sugar Index (EWSI) with the sugar stocks listed on NSE.
EWSI is created using the stocks with a minimum market cap of Rs 1,500crs as on 15th November 2022.
After the stellar rally in 2021, the sugar index is consolidating for the last six months.
The recent breakout from the triangle pattern signals the sugar is getting sweeter for the next leg of rally.
#SugarStocks
#KeepItSimple
Fast Profits Daily
https://youtu.be/33SiSmc0H24
Nifty @ 18,400 but still Bulls lack the Strength 💪
We need strong bullish move for 19,000.....ELSE 🐻 are warming up 🏋♂
We need strong bullish move for 19,000.....ELSE 🐻 are warming up 🏋♂
The rangebound day on D-street even after Nifty hits a new 52-week high of 18,442; ends at 18,409.
The frequent sector rotation in midcaps is the flavour of the month so far.
Golden Cross on the SmallCap index may attract buyers and the shift from Midcap to SmallCap can be on cards.
The Russell 2000 – US SmallCap index is on verge of a bullish breakout after the reversal structure.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The frequent sector rotation in midcaps is the flavour of the month so far.
Golden Cross on the SmallCap index may attract buyers and the shift from Midcap to SmallCap can be on cards.
The Russell 2000 – US SmallCap index is on verge of a bullish breakout after the reversal structure.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
SGX Nifty is trading down by 47pts at 18,433.
US Tech Stocks witness profit bookings as Nasdaq touched the key psychological level of 12,000.
The dip to 11,500-11,600 will be the retest of bullish head & shoulder pattern breakout, the resumption in bullish from the mentioned zone may take index to 12,500-13,000 levels in next 3-5weeks.
Nifty is hovering in the narrow range indicating the lack of momentum.
The break of 18,234 or 18,518 will be crucial for either side trending move. The Option Writers can enjoy the Strangle shorts within this range.
#SGXNifty
#KeepItSimple
US Tech Stocks witness profit bookings as Nasdaq touched the key psychological level of 12,000.
The dip to 11,500-11,600 will be the retest of bullish head & shoulder pattern breakout, the resumption in bullish from the mentioned zone may take index to 12,500-13,000 levels in next 3-5weeks.
Nifty is hovering in the narrow range indicating the lack of momentum.
The break of 18,234 or 18,518 will be crucial for either side trending move. The Option Writers can enjoy the Strangle shorts within this range.
#SGXNifty
#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
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
SGX Nifty trades higher with 63points at 18,438 📈
US markets traded in the narrow range of 1%.
After the sell-off on Weekly Expiry Day on D-Street, will the bulls awaken to take Nifty higher?
The zone of 18,234-18,516 needs to be taken out in Nifty for next leg of momentum.
As volatility is low so are the premiums, the writer's are dependent on theta as index trades in the range.
#SGXNifty
#KeepItSimple
US markets traded in the narrow range of 1%.
After the sell-off on Weekly Expiry Day on D-Street, will the bulls awaken to take Nifty higher?
The zone of 18,234-18,516 needs to be taken out in Nifty for next leg of momentum.
As volatility is low so are the premiums, the writer's are dependent on theta as index trades in the range.
#SGXNifty
#KeepItSimple
The lackluster week on D-street ends on a flat note; Nifty ends at 18,307 losing 0.2%.
It was the Option Writer’s week as Nifty hovers in the range of ~1% during the week, the derivative structure indicates the range-bound week ahead as the range narrows as per OI table.
Bank Nifty is likely to witness the bullish momentum towards the 43,000-43,290 zone next week, the dips to 41,874-42,036 can be the entry level for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
It was the Option Writer’s week as Nifty hovers in the range of ~1% during the week, the derivative structure indicates the range-bound week ahead as the range narrows as per OI table.
Bank Nifty is likely to witness the bullish momentum towards the 43,000-43,290 zone next week, the dips to 41,874-42,036 can be the entry level for bulls.
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Forwarded from Equitymaster
Mihir Vora on GARP Investing
Mihir Vora is a ‘growth at a reasonable price (GARP)’ stock picker. He is always thinking where he can find growth...and how he can get to ride it in a way that ends in potentially large profits.
Fortunately for his investors, he does this quite often!
I talk to Mihir about his journey, his GARP approach, and as always about portfolio construction and asset allocation.
Listen in... https://youtu.be/nUmZpf42iVY
Recent editions of the Investor Hour...
Nilesh Shah on Destiny, Doing the Right Thing and the Big Indian Investment Opportunity
Vijay Kedia on Betting Big on Stocks
Manish Sabharwal on India’s 25-Year Economic Bull Run
Mihir Vora is a ‘growth at a reasonable price (GARP)’ stock picker. He is always thinking where he can find growth...and how he can get to ride it in a way that ends in potentially large profits.
Fortunately for his investors, he does this quite often!
I talk to Mihir about his journey, his GARP approach, and as always about portfolio construction and asset allocation.
Listen in... https://youtu.be/nUmZpf42iVY
Recent editions of the Investor Hour...
Nilesh Shah on Destiny, Doing the Right Thing and the Big Indian Investment Opportunity
Vijay Kedia on Betting Big on Stocks
Manish Sabharwal on India’s 25-Year Economic Bull Run
YouTube
Mihir Vora on GARP Investing | Investor Hour
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/a8A3L
Mihir Vora’s ‘growth at a reasonable price (GARP)’ approach to stock picking has catapulted him to great heights in the world of money management.
Mihir Vora is a ‘growth…
Mihir Vora’s ‘growth at a reasonable price (GARP)’ approach to stock picking has catapulted him to great heights in the world of money management.
Mihir Vora is a ‘growth…