Banknifty Futures (CMP-35,200) forms the minor bottoming structure @ 34,250-34,450 zone.

Banknifty has been underperforming Nifty for last 3 weeks.

Historically, Bank Nifty performs like Vin Diesel racing in Fast & Furious to beat its opponent (Nifty) and win the race.

Auto Index vs Nifty Ratio chart indicates Auto stocks can resume the bullish momentum as it forms:

1. Bullish Reciprocal AB=CD
2. Double Bottom breakout
3. Trendline Breakout
4. Higher High - Higher Low Structure
5. Reversal from Demand Zone
6. Seasonality Analysis indicates positive returns for second half of the year (average of 9yrs)

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

#KeepItSimple

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.