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
The last hour bears attack ends Nifty near day low and below 17,900 mark at 17,898 losing 0.56%.
Index is trading at the support of rising trendline placed at 17,864 on short term chart.
The Bullish Reciprocal AB=CD Harmonic pattern is visible on hourly chart of Nifty with reversal at 17,880. The reversal from 17,860-17,900 tomorrow will be bulls expiry around 17,960-18,000 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trading at the support of rising trendline placed at 17,864 on short term chart.
The Bullish Reciprocal AB=CD Harmonic pattern is visible on hourly chart of Nifty with reversal at 17,880. The reversal from 17,860-17,900 tomorrow will be bulls expiry around 17,960-18,000 zone.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty hits two months lowest level of 17,280; ends at 17,416 losing 1.96%.
On daily scale of Nifty, Relative Strength Index (RSI) 14 period has slipped to 35 for the first time since September 2020.
Along with RSI around 35 and 89DEMA on price which is placed at 17,253, the support plays well for bulls.
As we are into an expiry week, the volatility is likely to increase and MTM may pressure traders positions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
On daily scale of Nifty, Relative Strength Index (RSI) 14 period has slipped to 35 for the first time since September 2020.
Along with RSI around 35 and 89DEMA on price which is placed at 17,253, the support plays well for bulls.
As we are into an expiry week, the volatility is likely to increase and MTM may pressure traders positions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The dip and reversal of 2% from lows on D-street keeps traders in-doubt ahead of monthly expiry; Nifty ends the day above 17,500 at 17,503 gaining 0.5%.
Midcap and Small cap index outperformed against Nifty by gaining 1.76% and 1.91% respectively.
Nifty forms Bullish AB=CD indicating the lows if held, bulls can reclaim 18,000 levels.
We believe the Metals stocks are at bargain buying levels. To know more, watch my video here https://www.youtube.com/watch?v=ecnUmJujPWo&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Midcap and Small cap index outperformed against Nifty by gaining 1.76% and 1.91% respectively.
Nifty forms Bullish AB=CD indicating the lows if held, bulls can reclaim 18,000 levels.
We believe the Metals stocks are at bargain buying levels. To know more, watch my video here https://www.youtube.com/watch?v=ecnUmJujPWo&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Dow Jones Industrial Average (DJIA)
Since it all-time high of 36,565, index retraced by 2.75% retesting the previous breakout level of 35,600-35,500 zone.
The technical structure is bullish.
1. Index retested the breakout zone and turning northwards.
2. It took support at 50DEMA which is placed at 35,494.
3. Bullish AB=CD harmonic reversal pattern is completed at 35,598 and price turning higher indicates the bull case scenario.
4. The 38.20% Fibonacci retracement of 33,785 to 35,565 is placed at 35,503 and acting as a support zone.
5. Stochastic has slipped into oversold territory and the bullish crossover signals the momentum is back with bulls.
The confluence of supports and reversal pattern indicates the Dow Jones is getting ready to hit new all-time high.
#KeepItSimple
Since it all-time high of 36,565, index retraced by 2.75% retesting the previous breakout level of 35,600-35,500 zone.
The technical structure is bullish.
1. Index retested the breakout zone and turning northwards.
2. It took support at 50DEMA which is placed at 35,494.
3. Bullish AB=CD harmonic reversal pattern is completed at 35,598 and price turning higher indicates the bull case scenario.
4. The 38.20% Fibonacci retracement of 33,785 to 35,565 is placed at 35,503 and acting as a support zone.
5. Stochastic has slipped into oversold territory and the bullish crossover signals the momentum is back with bulls.
The confluence of supports and reversal pattern indicates the Dow Jones is getting ready to hit new all-time high.
#KeepItSimple
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Fast Profits Daily - The One Sector to Avoid in 2022
For 2022 this is one sector I'm not Bullish on.
http://www.eqtm.in/Wo56Q
For 2022 this is one sector I'm not Bullish on.
http://www.eqtm.in/Wo56Q
The bulls surrender all the gains in the last hour to end the day for Nifty at 17,415 losing 0.5%.
The market breadth was 3:2 with 3 stocks falling for every 2 rising stocks. An improvement in last couple of trading days indicates the bearish momentum might take a pause.
The monthly expiry day is likely to be in the range of 17,300-17,500 for Nifty and 36,970-37,674 for Bank Nifty.
One Sector which you should avoid investing in 2022 is Pharma sector. Watch here to know more. https://www.youtube.com/watch?v=LAuvDeo94AU
Brijesh Bhatia
Research Analyst, Fast Profit Report
The market breadth was 3:2 with 3 stocks falling for every 2 rising stocks. An improvement in last couple of trading days indicates the bearish momentum might take a pause.
The monthly expiry day is likely to be in the range of 17,300-17,500 for Nifty and 36,970-37,674 for Bank Nifty.
One Sector which you should avoid investing in 2022 is Pharma sector. Watch here to know more. https://www.youtube.com/watch?v=LAuvDeo94AU
Brijesh Bhatia
Research Analyst, Fast Profit Report
The D-street bleeds red as Nifty fell by 4% this week; the most since January 2021. Index ends at 17,026 losing 4.16% for the week.
The rising channel structure on weekly scale indicates the test of lower band at ~16,800. Also the Deep Crab Harmonic pattern completes around the same levels.
On weekly chart of Nifty, the negative crossover on MACD indicates the bears are in control of the trend. The trend change can only happen on a close above 17,516.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The rising channel structure on weekly scale indicates the test of lower band at ~16,800. Also the Deep Crab Harmonic pattern completes around the same levels.
On weekly chart of Nifty, the negative crossover on MACD indicates the bears are in control of the trend. The trend change can only happen on a close above 17,516.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
The D-street bleeds red as Nifty fell by 4% this week; the most since January 2021. Index ends at 17,026 losing 4.16% for the week. The rising channel structure on weekly scale indicates the test of lower band at ~16,800. Also the Deep Crab Harmonic pattern…
Nifty - Channel & Harmonic Pattern @ 16,800
What an intraday move!
The 6% intraday move during the day is an alarm for traders, stay cautious. Nifty closes below 17,000 mark at 16,983 losing 0.41%.
On daily scale, Nifty has formed doji on Monday followed by cross of high on Tuesday indicates the reversal can be on cards.
The rising channel and bullish harmonic reversal structure indicates the low of 16,782 will be crucial for the recent trend.
Looking at the volatility, sometimes the saving is more important than making money. Traders can reduce the position and avoid the losses.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The 6% intraday move during the day is an alarm for traders, stay cautious. Nifty closes below 17,000 mark at 16,983 losing 0.41%.
On daily scale, Nifty has formed doji on Monday followed by cross of high on Tuesday indicates the reversal can be on cards.
The rising channel and bullish harmonic reversal structure indicates the low of 16,782 will be crucial for the recent trend.
Looking at the volatility, sometimes the saving is more important than making money. Traders can reduce the position and avoid the losses.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily - Dollar Index (DXY) Headed to 100
This is why I think the dollar is about to get stronger.
http://www.eqtm.in/Dm87S
This is why I think the dollar is about to get stronger.
http://www.eqtm.in/Dm87S
The bulls are back with bang after forming the bullish harmonic; Nifty gains 3.8% from the lows of 16,782.
All the sectorial indices on NSE and BSE ends in green; IT and Power leads the table.
The gap of 17,355-17,536 on Nifty will be crucial for bulls to cross; any bearish momentum here can retest 17,000 levels.
As per Seasonality analysis, the December month belongs to bulls as 19 out of 25 months has been positive close for Nifty.
Brijesh Bhatia
Research Analyst, Fast Profit Report
All the sectorial indices on NSE and BSE ends in green; IT and Power leads the table.
The gap of 17,355-17,536 on Nifty will be crucial for bulls to cross; any bearish momentum here can retest 17,000 levels.
As per Seasonality analysis, the December month belongs to bulls as 19 out of 25 months has been positive close for Nifty.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bears react at perfect resistance zone, the gap. Nifty end the day at 17,196 losing 205 points.
Bearish AB=CD harmonic pattern right in the gap area is sign of bearish reversal; the test of 17,050-17,067 may be tested next week.
The derivative structure suggests 17,000 as key support zone for weekly as well as monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bearish AB=CD harmonic pattern right in the gap area is sign of bearish reversal; the test of 17,050-17,067 may be tested next week.
The derivative structure suggests 17,000 as key support zone for weekly as well as monthly expiry.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty - Bulls are in Danger
Index breaks below the rising channel structure or bearish flag pattern on hourly chart.
The bears are in control of the momentum and bulls seems to be in danger.
The gap area and the key psychological level of 17,000 will be key to watch in today's session. If bulls manage to hold 16,950-17,039 zone, they may turn the table.
#KeepItSimple
Index breaks below the rising channel structure or bearish flag pattern on hourly chart.
The bears are in control of the momentum and bulls seems to be in danger.
The gap area and the key psychological level of 17,000 will be key to watch in today's session. If bulls manage to hold 16,950-17,039 zone, they may turn the table.
#KeepItSimple
The bears take the lead and close the Nifty below 17,000 mark; the 101 days lowest closing at 16,912 losing 1.65%.
The market breadth and sectorial indices are in favor of bears indicating they will continue to lead ahead in the week.
Bearish flag or breakdown from rising channel on short term chart suggests the momentum towards 16,536-16,418 once the recent low of 16,782 is breached. (Watch chart here https://t.me/FastProfitsReport/318)
Brijesh Bhatia
Research Analyst, Fast Profit Report
The market breadth and sectorial indices are in favor of bears indicating they will continue to lead ahead in the week.
Bearish flag or breakdown from rising channel on short term chart suggests the momentum towards 16,536-16,418 once the recent low of 16,782 is breached. (Watch chart here https://t.me/FastProfitsReport/318)
Brijesh Bhatia
Research Analyst, Fast Profit Report
Fast Profits Daily
Nifty - Bulls are in Danger Index breaks below the rising channel structure or bearish flag pattern on hourly chart. The bears are in control of the momentum and bulls seems to be in danger. The gap area and the key psychological level of 17,000 will be…
Updated Nifty Chart - It's everything for Bears
The breakdown of rising channel or bearish flag retest zone is 17,150-17,190 and if bears manage to attack around these levels, we may say good bye to 17,500 for December series.
For bulls, they need to surpass and close above 17,236 for the confirmation of reversal.
#KeepItSimple
The breakdown of rising channel or bearish flag retest zone is 17,150-17,190 and if bears manage to attack around these levels, we may say good bye to 17,500 for December series.
For bulls, they need to surpass and close above 17,236 for the confirmation of reversal.
#KeepItSimple
The bulls manage to hold the previous swing low and forms higher low; Nifty open gap-up and ends at 17,176 gaining 1.56%.
Bank Nifty outperforms over Nifty for the day on the back of short-covering rally; ends at 36,618 gaining 882 points or 2.47%.
Contrast to yesterday, all the sectorial indices gains for the day as Metals leads the table with 3.24% gains.
On derivative front, 17000PE are aggressively written for 30th December 2021 expiry indicating the recent low of 16,891 will be the trend decider level for December F&O series. Nifty needs to close above 17,236 for confirmation of reversal.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Bank Nifty outperforms over Nifty for the day on the back of short-covering rally; ends at 36,618 gaining 882 points or 2.47%.
Contrast to yesterday, all the sectorial indices gains for the day as Metals leads the table with 3.24% gains.
On derivative front, 17000PE are aggressively written for 30th December 2021 expiry indicating the recent low of 16,891 will be the trend decider level for December F&O series. Nifty needs to close above 17,236 for confirmation of reversal.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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