The volatile day ends on a flat note; the Nifty ends at 17,895 losing 0.10%.
Nifty is trending in the triangle pattern with support at 17,750 and resistance at 18,150. It is trending in No Trading Zone. Chart here
IT index witnessed the short-covering rally; can it lead the markets higher?
Bank Nifty is trending at the medium-term support area; the reversal can lead to 43,000+ levels.
Brijesh Bhatia.
Research Analyst, Fast Profits Report
Nifty is trending in the triangle pattern with support at 17,750 and resistance at 18,150. It is trending in No Trading Zone. Chart here
IT index witnessed the short-covering rally; can it lead the markets higher?
Bank Nifty is trending at the medium-term support area; the reversal can lead to 43,000+ levels.
Brijesh Bhatia.
Research Analyst, Fast Profits Report
👍23❤1👎1
US markets ends on positive note as Nasdaq and Dow Jones Transportation Index gains 1.7% each. Asian indices opens in green and SGX Nifty indicates opening above 18,000 on Futures.
The triangle pattern on Nifty (spot) signals the range bound momentum between 17,750-18,150. It's chop-chop for traders and I would suggest to avoid trading till breakout. Chart here
BankNifty has reversed from the support zone of 41,800 again; rise to 42,800-43,000 can be on cards.
IT stocks will be in focus as Nasdaq reversed from major support area.
#PreMarket
#SGXNifty
The triangle pattern on Nifty (spot) signals the range bound momentum between 17,750-18,150. It's chop-chop for traders and I would suggest to avoid trading till breakout. Chart here
BankNifty has reversed from the support zone of 41,800 again; rise to 42,800-43,000 can be on cards.
IT stocks will be in focus as Nasdaq reversed from major support area.
#PreMarket
#SGXNifty
👍32❤3👎1
Fast Profits Daily - TCS, Tech Mahindra & Tata Motors may Rally on Bullish European Markets
Why these 3 stocks are looking good on the charts.
http://www.eqtm.in/Fd36M
Why these 3 stocks are looking good on the charts.
http://www.eqtm.in/Fd36M
👍5
It's Friday, The 13th. Just saying 😊
Global markets are trending bullish while Indian markets slipping down as Sensex closes below 60,000 mark.
SGX Nifty indicates the positive opening of 60 points at 17,970+.
The volatile weekly expiry hits the new swing low of 17,761; still continue to trend in the range of 17,750-18,150.
Being a weekly close, the bulls have to protect the range as it may trigger the major sell-off upto 17,450 levels in case it's closes below 17,750.
BankNifty managing to hold the support area and closed above 42,000 mark.
Intraday traders should look for the range of 17,750-18,035 on Nifty while 41,800-42,400 on BankNifty.
#PreMarket
#SGXNifty
Global markets are trending bullish while Indian markets slipping down as Sensex closes below 60,000 mark.
SGX Nifty indicates the positive opening of 60 points at 17,970+.
The volatile weekly expiry hits the new swing low of 17,761; still continue to trend in the range of 17,750-18,150.
Being a weekly close, the bulls have to protect the range as it may trigger the major sell-off upto 17,450 levels in case it's closes below 17,750.
BankNifty managing to hold the support area and closed above 42,000 mark.
Intraday traders should look for the range of 17,750-18,035 on Nifty while 41,800-42,400 on BankNifty.
#PreMarket
#SGXNifty
👍30❤3👎1
BankNifty - Bullish Harmonic @ Long-term Support
I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here
On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal from the 88.60% Fibonacci retracement of XA.
The price reversal from the PRZ of the pattern is not the perfect reversal but the time correction and respect at the reversal levels confirm the bears are losing momentum.
Additionally, the positive divergence and bullish breakout on Relative Strength Index (RSI) signal the chances of the index heading higher.
If bulls manage to hold the 41,700-41,500 band, index is likely to head above the 43,000 mark.
(CMP-42,100)
#BankNifty
#KeepItSimple
I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here
On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal from the 88.60% Fibonacci retracement of XA.
The price reversal from the PRZ of the pattern is not the perfect reversal but the time correction and respect at the reversal levels confirm the bears are losing momentum.
Additionally, the positive divergence and bullish breakout on Relative Strength Index (RSI) signal the chances of the index heading higher.
If bulls manage to hold the 41,700-41,500 band, index is likely to head above the 43,000 mark.
(CMP-42,100)
#BankNifty
#KeepItSimple
👍21❤8👎2
Fast Profits Daily
BankNifty - Bullish Harmonic @ Long-term Support I have discussed the trend on the weekly chart of BankNifty in the video posted last weekend. Watch here On the hourly chart above, the Bullish Harmonic pattern is visible and index is showing signs of reversal…
Wohoo!
Bank Nifty 42450 🔥
Bank Nifty 42450 🔥
👍33❤6👏5👎1
US and European markets closed bullish last week with FTSE100 breaks out of 52-week high.
SGX Nifty indicating a flat opening of 10 points at 18,050.
The triangle technical pattern on chart suggest the No Trading Zone till Nifty doesn't break 17,750-18,150 zone.
BankNifty reversed for third time from 41,800-41,900 zone indicating the bullish momentum on cards.
#PreMarket
#SGXNifty
SGX Nifty indicating a flat opening of 10 points at 18,050.
The triangle technical pattern on chart suggest the No Trading Zone till Nifty doesn't break 17,750-18,150 zone.
BankNifty reversed for third time from 41,800-41,900 zone indicating the bullish momentum on cards.
#PreMarket
#SGXNifty
👍27❤3👎1
The gap-up above the 18,000 mark on Nifty fizzled in the first hour; bears ended the day on a negative note at 17,894 losing 0.34%.
Nifty trades in the triangle pattern as suggests the No Trading Zone; wait for the break of 17,750-18,150 to initiate the trending trade.
IT index breaks out of a one-month consolidation zone; gains over a percent indicating the short-covering rally is on cards. Chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
Nifty trades in the triangle pattern as suggests the No Trading Zone; wait for the break of 17,750-18,150 to initiate the trending trade.
IT index breaks out of a one-month consolidation zone; gains over a percent indicating the short-covering rally is on cards. Chart here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍22❤2👎2
The volatile day ends on negative note for Indian markets, European markets gains while US markets were closed. Asian indices trade mix this morning; SGX Nifty indicates positive opening of 30 points.
Nifty is trending in the triangle structure pattern with upper band at 18,150 and lower band at 17,750. Derivative traders may look at Short Strangle strategy.
IT Index breaks out of range; short squeeze expansion may lead to rally in the index.
#PreMarket
#SGXNifty
Nifty is trending in the triangle structure pattern with upper band at 18,150 and lower band at 17,750. Derivative traders may look at Short Strangle strategy.
IT Index breaks out of range; short squeeze expansion may lead to rally in the index.
#PreMarket
#SGXNifty
👍26❤2👎1
Technical Indicators Suggest Momentum for FMCG Stocks. Key Levels to Watch...
New year has brought new hope for FMCG companies. What do technical charts point at?
http://www.eqtm.in/a4WFd
New year has brought new hope for FMCG companies. What do technical charts point at?
http://www.eqtm.in/a4WFd
Equitymaster
Technical Indicators Suggest Momentum for FMCG Stocks. Key Levels to Watch...
New year has brought new hope for FMCG companies. What do technical charts point at?
👍11
The last-hour short-covering rally helped Nifty to close at a 5-day high; gain 0.9% to close at 18,053.
On Nifty, the bulls manage to close above the upper band of the triangle technical pattern indicating the resumption of a bullish trend.
Traders should focus on IT and Energy stocks for the next few days.
FMCG Index has broken out of the Bullish Dragon Harmonic pattern indicating the reversal; ITC, HUL, Britannia and Marico should be on your watchlist. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
On Nifty, the bulls manage to close above the upper band of the triangle technical pattern indicating the resumption of a bullish trend.
Traders should focus on IT and Energy stocks for the next few days.
FMCG Index has broken out of the Bullish Dragon Harmonic pattern indicating the reversal; ITC, HUL, Britannia and Marico should be on your watchlist. Read here
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍23👎2
Dow Jones lost over a percent as financial stocks fell after Goldman Sachs earnings disappoint setting the sour tone for financial sector. Nasdaq ended on a positive note with gains of 0.14%.
SGX Nifty indicates a positive opening above 18,100.
The last hour bulls yesterday may capitalize the first hour today to confirm the triangle breakout on Nifty chart; 18,150 (spot) remains the key resistance for the day.
IT sector should be on your watchlist as the short covering may fuel the range breakout rally.
#PreMarket
#SGXNifty
SGX Nifty indicates a positive opening above 18,100.
The last hour bulls yesterday may capitalize the first hour today to confirm the triangle breakout on Nifty chart; 18,150 (spot) remains the key resistance for the day.
IT sector should be on your watchlist as the short covering may fuel the range breakout rally.
#PreMarket
#SGXNifty
👍30👎2❤1
The breakout from the 27-day triangle pattern excited the bulls to close the Nifty at 18,165 gaining 112 points.
The triangle pattern breakout ahead of the Budget indicates the bulls are having an upper hand on the Nifty. The target as per the triangle pattern is 18,540-18,700.
Bank Nifty struggling to join the rally and trending in the triangle pattern. The breakout level is 43,200.
FMCG Index has broken out of the Bullish Dragon harmonic pattern indicating the rally towards 46,000; any positive surprise in Budget?
Brijesh Bhatia,
Research Analyst, Fast Profits Report
The triangle pattern breakout ahead of the Budget indicates the bulls are having an upper hand on the Nifty. The target as per the triangle pattern is 18,540-18,700.
Bank Nifty struggling to join the rally and trending in the triangle pattern. The breakout level is 43,200.
FMCG Index has broken out of the Bullish Dragon harmonic pattern indicating the rally towards 46,000; any positive surprise in Budget?
Brijesh Bhatia,
Research Analyst, Fast Profits Report
👍39❤3👎2
US markets tumble as a weak December retail sales numbers raised concern of recession; Dow Jones fell by 1.81%.
SGX Nifty trading weak in the morning session with the loss of 91 points at 18,130.
The triangle breakout retest and support band at 18,055-18,076 zone will be important to watch in today's session.
Being a weekly expiry, index is likely to hover in the range of 17,970-18,241 on Nifty and 41,900- 42,732 on BankNifty.
As HDFC twins broke out of consolidation zone, the Banking and Financial sector will act as make-or-break for broader markets ahead of Budget.
#PreMarket
#SGXNifty
SGX Nifty trading weak in the morning session with the loss of 91 points at 18,130.
The triangle breakout retest and support band at 18,055-18,076 zone will be important to watch in today's session.
Being a weekly expiry, index is likely to hover in the range of 17,970-18,241 on Nifty and 41,900- 42,732 on BankNifty.
As HDFC twins broke out of consolidation zone, the Banking and Financial sector will act as make-or-break for broader markets ahead of Budget.
#PreMarket
#SGXNifty
👍27❤1👎1
Nifty - The Demand Zone @ 18,000-18,100
The breakout from the triangle pattern yesterday and index trending above the 200HEMA (Hourly Exponential Moving Average) indicates the bullish tone for Nifty.
The breakout retest and the ascending triangle (red) within the larger descending triangle (blue) mark the key demand zone in the range of 18,000-18,100.
OI of today's expiry suggests the writers of 18,000PE and 18,100PE won't give up and index is likely to trade with a bullish biased. The major hurdle for the day will be 18,237-18,265 zone.
#Nifty
#KeepItSimple
The breakout from the triangle pattern yesterday and index trending above the 200HEMA (Hourly Exponential Moving Average) indicates the bullish tone for Nifty.
The breakout retest and the ascending triangle (red) within the larger descending triangle (blue) mark the key demand zone in the range of 18,000-18,100.
OI of today's expiry suggests the writers of 18,000PE and 18,100PE won't give up and index is likely to trade with a bullish biased. The major hurdle for the day will be 18,237-18,265 zone.
#Nifty
#KeepItSimple
👍20❤2👎1