Happy Dhanteras!
The markets traded in the range on Dhanteras; Nifty ends at 17,888 losing 0.23% while Midcap and Smallcap ends in green.
As we are about to step in Samvat 2078, I have shared my best 2 sectors to invest. Watch here https://www.youtube.com/watch?v=A64ZiARWAfk Do not forget to comment your best 2 sectors.
The technical structure of Nifty continue to remain bullish and we believe buying the dips is best strategy this Diwali.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The markets traded in the range on Dhanteras; Nifty ends at 17,888 losing 0.23% while Midcap and Smallcap ends in green.
As we are about to step in Samvat 2078, I have shared my best 2 sectors to invest. Watch here https://www.youtube.com/watch?v=A64ZiARWAfk Do not forget to comment your best 2 sectors.
The technical structure of Nifty continue to remain bullish and we believe buying the dips is best strategy this Diwali.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Should You Invest in Gold this Diwali?
In this video, I'll show you the best time to buy gold this festive season.
http://www.eqtm.in/Xd37P
In this video, I'll show you the best time to buy gold this festive season.
http://www.eqtm.in/Xd37P
Chart of the Day: Nifty
On hourly chart, index breaks out of falling trendline and retest the breakout at 18,045 level offering the best RR trade to bulls.
The purple resistance line being taken out will also act as support zone for bulls at 18,000 levels.
Bullish rangeshift on RSI strengthens the bullish breakout.
The pattern negates below 17,970-17,950 zone.
#KeepItSimple
On hourly chart, index breaks out of falling trendline and retest the breakout at 18,045 level offering the best RR trade to bulls.
The purple resistance line being taken out will also act as support zone for bulls at 18,000 levels.
Bullish rangeshift on RSI strengthens the bullish breakout.
The pattern negates below 17,970-17,950 zone.
#KeepItSimple
Fast Profits Daily - How to Pick Stocks for Intraday Trading
In this video, I'll show you how I pick stocks for intraday trading.
http://www.eqtm.in/Gc46B
In this video, I'll show you how I pick stocks for intraday trading.
http://www.eqtm.in/Gc46B
The mixed momentum in the Largecap stocks kept Nifty in the range of 18,000-18,100; Midcap and Smallcap outperforms over Nifty.
On short-term chart, Nifty has broken out of falling trendline and took support at key psychological level of 18,000. Watch chart here https://t.me/FastProfitsReport/290 . The bullish momentum can take index towards 18,216-18,232 ahead of weekly expiry.
After breaking out of the bullish pennant (Chart: https://t.me/FastProfitsReport/256), Auto index now breaks out of bullish head & shoulder pattern at the retest of pennant pole indicating the resumption in bullish momentum.
Are you interested in Intraday trading but don’t know how to select the stock, Watch this video https://www.youtube.com/watch?v=Pt2H6axcx64
Brijesh Bhatia
Research Analyst, Fast Profit Report
On short-term chart, Nifty has broken out of falling trendline and took support at key psychological level of 18,000. Watch chart here https://t.me/FastProfitsReport/290 . The bullish momentum can take index towards 18,216-18,232 ahead of weekly expiry.
After breaking out of the bullish pennant (Chart: https://t.me/FastProfitsReport/256), Auto index now breaks out of bullish head & shoulder pattern at the retest of pennant pole indicating the resumption in bullish momentum.
Are you interested in Intraday trading but don’t know how to select the stock, Watch this video https://www.youtube.com/watch?v=Pt2H6axcx64
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day - Momentum to Accelerate in Auto Sector
Auto Index broke out of triangle pattern in September 2021 (We highlighted the Technical setup. Watch here Video) and rallied by 11+%.
The breakout was retested and the momentum turned northwards indicating the bullish trend may accelerate in the near term.
Auto Index broke out of triangle pattern in September 2021 (We highlighted the Technical setup. Watch here Video) and rallied by 11+%.
The breakout was retested and the momentum turned northwards indicating the bullish trend may accelerate in the near term.
Fast Profits Daily - Why I'm Bullish on Hotel Stocks
In this video, I'll show you why the time is right to trade hotel stocks.
http://www.eqtm.in/Yg7x3
In this video, I'll show you why the time is right to trade hotel stocks.
http://www.eqtm.in/Yg7x3
Index hovers around key psychological mark of 18,000; option writers are having gala time as Nifty ends at 18,017 losing 0.15%.
Derivative structure of 11th Nov. 2021 expiry suggests range of 17,874-18,139 for tomorrow.
One sector which is coming out of Covid bubble and can be good investment in short to medium term is Hotels. Watch video here to know more https://www.youtube.com/watch?v=ug2UXARPYdY
Brijesh Bhatia
Research Analyst, Fast Profit Report
Derivative structure of 11th Nov. 2021 expiry suggests range of 17,874-18,139 for tomorrow.
One sector which is coming out of Covid bubble and can be good investment in short to medium term is Hotels. Watch video here to know more https://www.youtube.com/watch?v=ug2UXARPYdY
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty Technical Setup on Weekly Expiry Day: 17,900 will be crucial
Post its breakout of falling trendline (black), bulls failed to strengthen the momentum and the lacklustre move in last few trading sessions between 17,950-18,100 seems the bulls team squandered the good opportunity. Still there are some hopes for bulls.....
Index is trading in the rising wedge structure with support line placed at 17,910 right near the 200HEMA (Hourly Exponential Moving Average) which is placed at 17,912.
The break below 17,880 will confirm the resumption in bearish move while the break above 18,257 will negate the structure.
As an option writers on expiry day, 17900PE will be crucial to watch as the current OI is ~76K contracts. If incase, the market hold 17,900-17,930 zone, we may expect addition in 17900PE during the day.
#KeepItSimple
Post its breakout of falling trendline (black), bulls failed to strengthen the momentum and the lacklustre move in last few trading sessions between 17,950-18,100 seems the bulls team squandered the good opportunity. Still there are some hopes for bulls.....
Index is trading in the rising wedge structure with support line placed at 17,910 right near the 200HEMA (Hourly Exponential Moving Average) which is placed at 17,912.
The break below 17,880 will confirm the resumption in bearish move while the break above 18,257 will negate the structure.
As an option writers on expiry day, 17900PE will be crucial to watch as the current OI is ~76K contracts. If incase, the market hold 17,900-17,930 zone, we may expect addition in 17900PE during the day.
#KeepItSimple
Fast Profits Daily
Updated Chart: Bank Nifty
Bank Nifty below Minor Support Level of 39,000 - 38,400-38,100 will be key for bulls
Fast Profits Daily
Nifty Technical Setup on Weekly Expiry Day: 17,900 will be crucial Post its breakout of falling trendline (black), bulls failed to strengthen the momentum and the lacklustre move in last few trading sessions between 17,950-18,100 seems the bulls team squandered…
Nifty - Updated Chart
The bears lead on the expiry day; ends Nifty at 17,873 losing 0.8%.
Nifty took support at 61.80% Fibonacci retracement of 17,610 to 18,112 at 17,795 and also at 50DMA; the move above 18,038 will confirm the bullish momentum.
Bank Nifty too is at the support of horizontal trendline and 50DMA; 38,100 will be crucial for bulls to hold for the recent momentum.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty took support at 61.80% Fibonacci retracement of 17,610 to 18,112 at 17,795 and also at 50DMA; the move above 18,038 will confirm the bullish momentum.
Bank Nifty too is at the support of horizontal trendline and 50DMA; 38,100 will be crucial for bulls to hold for the recent momentum.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty: The Best RR Bullish Technical Setup
Bank Nifty has corrected over 8% from its ATH of 41,829 to ~38,400 levels.
Index is trading at the crucial support zone offering the best Risk:Reward (RR) trade setup to bulls.
a. Horizontal Trendline (red) breakout has been retest at 38,400.
b. 7 months rising trendline (black) has strong support at 38,000.
c. The 50DEMA is placed at 38,387 is acting as support.
Additionally, the recent dip is 50% Fibonacci retracement of 34,817-41,829 at 38,328.
If bulls hold the support zone of 38,000-38,400, we may expect the move above 40,000 levels.
The structure fails if index close below 37,779.
(CMP-38,500)
#KeepItSimple
Bank Nifty has corrected over 8% from its ATH of 41,829 to ~38,400 levels.
Index is trading at the crucial support zone offering the best Risk:Reward (RR) trade setup to bulls.
a. Horizontal Trendline (red) breakout has been retest at 38,400.
b. 7 months rising trendline (black) has strong support at 38,000.
c. The 50DEMA is placed at 38,387 is acting as support.
Additionally, the recent dip is 50% Fibonacci retracement of 34,817-41,829 at 38,328.
If bulls hold the support zone of 38,000-38,400, we may expect the move above 40,000 levels.
The structure fails if index close below 37,779.
(CMP-38,500)
#KeepItSimple
The markets traded in the range ahead of FM Niramala Sitharaman’s meeting with CM’s today; Nifty ends at 18,109 gaining 0.04%.
Nifty took support at 50DEMA and forms higher high – higher low structure indicating bulls are in control as per Dow Theory.
As we are approaching Christmas in few weeks, Bank Nifty setup looks exciting for year end and bullish momentum may prolong in the first quarter of 2022. To know the technical structure; watch Fast Profits video tomorrow https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty took support at 50DEMA and forms higher high – higher low structure indicating bulls are in control as per Dow Theory.
As we are approaching Christmas in few weeks, Bank Nifty setup looks exciting for year end and bullish momentum may prolong in the first quarter of 2022. To know the technical structure; watch Fast Profits video tomorrow https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Bank Nifty Bullish Call
In this video, I’ll share my thoughts on the Bank Nifty.
http://www.eqtm.in/n7D6J
In this video, I’ll share my thoughts on the Bank Nifty.
http://www.eqtm.in/n7D6J
Nifty hovers around 18,000 levels in the truncated week; ends the day at 17,999 losing 0.61%.
Index took support at 61.80% Fibonacci retracement and 2000HEMA; the move above 18,042 will confirm the resumption in bullish momentum.
Most of the benchmark indices like Nifty500, Midcap and Smallcap indices are trading around their 50DEMA signaling the bulls are in control of the trend.
Bank Nifty is trading at crucial support level and probably the best risk to reward technical setup for bulls. Watch the technical pattern here https://www.youtube.com/watch?v=8JBBiOKywFQ
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index took support at 61.80% Fibonacci retracement and 2000HEMA; the move above 18,042 will confirm the resumption in bullish momentum.
Most of the benchmark indices like Nifty500, Midcap and Smallcap indices are trading around their 50DEMA signaling the bulls are in control of the trend.
Bank Nifty is trading at crucial support level and probably the best risk to reward technical setup for bulls. Watch the technical pattern here https://www.youtube.com/watch?v=8JBBiOKywFQ
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty - Bulls grab the gap-down!
Index started the day with the gap-down to ~17,900 levels but find the support of triangle breakout on 0.15% X 3 on 15mins Point and Figure chart.
The retest of breakout offers an excellent RR for traders.
The support line is placed at 17,838 and till it is held, bulls are in control of the momentum.
Come-On Bulls lets take market back to 18,200 levels.
#KeepItSimple
Index started the day with the gap-down to ~17,900 levels but find the support of triangle breakout on 0.15% X 3 on 15mins Point and Figure chart.
The retest of breakout offers an excellent RR for traders.
The support line is placed at 17,838 and till it is held, bulls are in control of the momentum.
Come-On Bulls lets take market back to 18,200 levels.
#KeepItSimple
Fast Profits Daily - Using AI in Your Trading System
In this video, I'll share my views on learning artificial intelligence tools for trading.
http://www.eqtm.in/n8BXm
In this video, I'll share my views on learning artificial intelligence tools for trading.
http://www.eqtm.in/n8BXm