The volatility rise ahead of FOMC meet; Nifty bounce backs from the support zone reclaiming 17,500, ends at 17,562.

Nifty reversal from support zone of 17,350-17,450 will motivate the bulls for the new milestone of 18,000. Watch chart here https://t.me/FastProfitsReport/205

The reversal structure on short term chart of Bank Nifty indicates may lead the second half of the week. Watch chart here https://t.me/FastProfitsReport/206

The markets are trading at all-time high and an uptick in volatility calls for hedging your portfolio. To know more about hedging watch my video here https://www.youtube.com/watch?v=VNsYI7QhXw0

Brijesh Bhatia
Research Analyst, Fast Profit Report

Nifty Auto Index - Can it change the gears?

Nifty Auto Index is underperforming Nifty50 since January 2021. This week will be crucial for Auto index as it completes 161 trading days of underperformance and 161.80 being a Fibonacci time cycle completion time, I expect the things to turn bullish for Auto index.

On daily chart, index retest the breakout levels and formed bullish Anti-Shark harmonic reversal pattern indicating the retest and reversal can end an underperformance for Auto Index.

#KeepItSimple

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

This is why I think buying power stocks is a good idea.

http://www.eqtm.in/j2YEn

Realty Index is up by 20% in 2months since it broke out of Cup & Handle pattern.

We highlighted the chart pattern on 12th July 2021.

#KeepItSimple

Midcap and Smallcap outrun Nifty on bullish momentum by gaining more than 1.5% against -0.09% for Nifty.

Morning Star bullish reversal candlestick pattern on daily chart of Midcap and Smallcap indicate the resumption in the bullish trend.

Traders should not miss an opportunity in Power stocks. Watch the Technical setup on BSE Power index here https://www.youtube.com/watch?v=JdkBaF2eV24

Brijesh Bhatia
Research Analyst, Fast Profit Report

Chart of the Day: Nifty Small Cap100 Index

It's a daily candlestick chart of the Nifty Smallcap 100 index.

Index has reversed from the confluence of 38.20% Fibonacci level and 34-period exponential moving average forming a Morning star candlestick pattern.

It indicates the resumption in the bullish trend after the dip.

Time to focus on smallcaps for the bullish momentum.

#KeepItSimple

Realty stocks are on fire for straight second day 📈📈

Bank Nifty up by 1200+ points from the reversal structure.

Can it outperform against Nifty now?

#KeepItSimple

The bulls party hard on D-street as Nifty hits new all-time high of 17,843; ends at 17,822. Sensex approaching 60,000 marks, ends at 59,885.

The run-away gap on Nifty opens the door for 18,000 levels. We highlighted the support zone of 17,350-17,450 if held, 18,000 can be on cards. Watch our post here https://t.me/FastProfitsReport/205

Bank Nifty if breaks 38,100-38,200 levels, it may outperform against the Nifty in monthly expiry week.

Brijesh Bhatia
Research Analyst, Fast Profit Report

With recent memories cherished by the web series on Harshad Mehta - 1992, Sensex was trading at ~4,500 and we are now up by more than 13 times in 3 decades hitting the new high of 60,000; time to cheers on D-street.

The week started with bears attack and ends with bulls power indicating an aggressive buying by DII and retailers.

The recent low of 17,326 on Nifty will be the trend change level for this bullish trend.

Brijesh Bhatia
Research Analyst, Fast Profit Report

The gap-up opening on an expiry week sold-off to close on a flat note; Nifty ends at 17,855.

Market breadth has been concern in last few trading sessions indicating the bulls are losing the momentum.

Nifty (spot) needs to cross 18,061 to continue its bullish momentum; else 17,578 might be tested in an expiry week.

Bank Nifty and Auto started outperforming against Nifty can be savior for bulls.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Bank Nifty - Grab a CUP of coffee

On hourly chart, index has broken out of Cup & Handle pattern at 38,100 and hovering around the same level.

The gap area of 37,700-37,970 will too act as strong support zone for bulls.

Psychological play - index is sustaining and closed above 38,000 level for the first time.

The bullish trend will negate only on move below 37,684.

#KeepItSimple

Fast Profits Daily - Auto Stocks will Rise from the Ashes

Auto stocks have underperformed a lot. But now they could be on the verge of going up again.

http://www.eqtm.in/Jd8o2

The Cup & handle breakout on Bank Nifty negates below 37,684.

Nifty test of 17,578 done. It seems we might have range bound trading in next couple of days.

#TugofWar #BullsvsBears

Nifty - Reversing from Support Zone

1. Fibonacci Retracement @ 61.80%
2. Gap Area
3. 50EMA on 120mins chart

#KeepItSimple

The roller coaster day for bulls and bears ends on bears note; Nifty ends at 17,748.60 losing 0.6%.

We highlighted the test of 17,578 if 18,061 is not crossed in our Friday post market note; we hit the low of 17,578 today and ended higher.

Nifty has reversed from strong support zone of:

i) The 61.80% Fibonacci retracement of 17,326 to 17,947.
ii) Gap area of 17,555-17,646
iii) The 50EMA on 120mins chart

The reversal in Bank Nifty was fast and furious; traders keep an eye for 38,500-38,900 levels.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Power Sector Update:
BSE Power Index has hit new all-time high and up by 5% since our video.

Do not miss this sector 📈

Fast Profits Daily - Are Metals Still the Best Sector of 2021

Metals stocks have fallen recently. Are they still the best sector of 2021? Find out if I'm sticking to my call.

http://www.eqtm.in/Mk49J