Bulls are back at open but market trades in a range ahead of Union Budget; Nifty gains 1.4% to settle at 17,339.
The bulls are protecting 17,000 levels but need to surpass 50DMA convincingly which is placed at 17,427 for the momentum to head towards 18,000 levels.
The slope of Relative Strength Index is turning northwards from buying zone indicating the bulls are having an upper hand on bullish momentum.
Investors and Traders should grab an opportunity in this dip and buy these stocks post budget. Watch the stock list here https://www.youtube.com/watch?v=BZgyweJeB3Y&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bulls are protecting 17,000 levels but need to surpass 50DMA convincingly which is placed at 17,427 for the momentum to head towards 18,000 levels.
The slope of Relative Strength Index is turning northwards from buying zone indicating the bulls are having an upper hand on bullish momentum.
Investors and Traders should grab an opportunity in this dip and buy these stocks post budget. Watch the stock list here https://www.youtube.com/watch?v=BZgyweJeB3Y&t=2s
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily
Fast Profits Daily - Buy Banking Stocks Ahead of the Budget This is why the Bank Nifty looks strong ahead of the budget. http://www.eqtm.in/k4N2P
Updated Chart: BankNifty to Nifty Ratio chart
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The momentum takes a pause on weekly derivatives expiry day; Nifty tests 17,500, ends at 17,560 losing 1.24%.
Nifty reverse from the 61.80% Fibonacci retracement of 18,350 to 16,836 as heavy weights like HDFC, Infy, Tech Mahindra and Reliance plunge by 1-3%.
Banks continue to outperform over Nifty as the bullish head and shoulder pattern on the ratio chart indicates the longs in BankNifty. Index holds the key psychological level of 39,000; bulls are eyeing the momentum towards 40,000 levels.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty reverse from the 61.80% Fibonacci retracement of 18,350 to 16,836 as heavy weights like HDFC, Infy, Tech Mahindra and Reliance plunge by 1-3%.
Banks continue to outperform over Nifty as the bullish head and shoulder pattern on the ratio chart indicates the longs in BankNifty. Index holds the key psychological level of 39,000; bulls are eyeing the momentum towards 40,000 levels.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily - Is this the Beginning of the End for IT Stocks?
Is it time to sell your IT stocks? Let's find out...
http://www.eqtm.in/p6J9H
Is it time to sell your IT stocks? Let's find out...
http://www.eqtm.in/p6J9H
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Fast Profits Daily - Fear is Taking Over D-Street
This is why fear has returned to Dalal Street.
http://www.eqtm.in/x9Z7K
This is why fear has returned to Dalal Street.
http://www.eqtm.in/x9Z7K
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The momentums is back in the bull’s court as Nifty takes support at psychological level of 17,000; ends at 17,463.80 gaining 1.14%.
The bullish Cypher harmonics pattern is visible on charts which targets the momentum towards 17,816-17,930 zone.
Metals index breaks 110days range and hits high of 6,001; on bulls radar for next couple of weeks.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The bullish Cypher harmonics pattern is visible on charts which targets the momentum towards 17,816-17,930 zone.
Metals index breaks 110days range and hits high of 6,001; on bulls radar for next couple of weeks.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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The volatile week ends on a negative note on D-street; Nifty ends at 17,374 losing 0.81% for the week.
An evening-star candlestick pattern is visible on daily chart of Nifty, trades in the symmetrical triangle pattern.
Index is likely to trade in the range of 17,000-17,650 in the next week; either side breakout can see volatility expansion.
Brijesh Bhatia
Research Analyst, Fast Profit Report
An evening-star candlestick pattern is visible on daily chart of Nifty, trades in the symmetrical triangle pattern.
Index is likely to trade in the range of 17,000-17,650 in the next week; either side breakout can see volatility expansion.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Nifty - The Valentine's Red Day
It's the bear's valentine gift to bull's as SGX indicates the negative opening of over 200pts.
Index is trading in symmetrical triangle structure with lower band support placed at 17,135 (marked black on chart).
Additionally, the trendline connected from the lows of December 2021 to January 2022 suggests the support at 17,040 (marked red on chart).
If bulls manage to hold the support zone, we may expect the momentum shifting back in the bull's favor for the romantic candlelight dinner on valentine's day.
Keep watch on 17,040-17,135 support band for the day.
The break below the support zone will accelerate the bearish momentum.
#KeepItSimple
It's the bear's valentine gift to bull's as SGX indicates the negative opening of over 200pts.
Index is trading in symmetrical triangle structure with lower band support placed at 17,135 (marked black on chart).
Additionally, the trendline connected from the lows of December 2021 to January 2022 suggests the support at 17,040 (marked red on chart).
If bulls manage to hold the support zone, we may expect the momentum shifting back in the bull's favor for the romantic candlelight dinner on valentine's day.
Keep watch on 17,040-17,135 support band for the day.
The break below the support zone will accelerate the bearish momentum.
#KeepItSimple
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Fast Profits Daily - Bull Market in Metal Stocks
This is why I'm still bullish on metal stocks.
http://www.eqtm.in/n9EZd
This is why I'm still bullish on metal stocks.
http://www.eqtm.in/n9EZd
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It’s the Bear’s Valentine’s Day as Nifty ends below 17,000 for the first time in 2022; ends at 16,842 losing 3.06%.
The geo-political tension over Russia and Ukraine war and rising Crude oil prices increase fear on D-street which lead to sell-off in markets.
The Fear & Greed indicator has slipped into the Fear zone for the first time since August 2020 on monthly scale.
On short-term chart, index has broken-out of symmetrical triangle on the lower side indicating the bearish momentum to continue in for few trading sessions. Watch chart here https://t.me/FastProfitsReport/396
Nifty500 closes below the 200DMA (14,402) after 577 days – last close was in July 2020. Nifty50 is near the 200DMA which is placed at 16,798.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The geo-political tension over Russia and Ukraine war and rising Crude oil prices increase fear on D-street which lead to sell-off in markets.
The Fear & Greed indicator has slipped into the Fear zone for the first time since August 2020 on monthly scale.
On short-term chart, index has broken-out of symmetrical triangle on the lower side indicating the bearish momentum to continue in for few trading sessions. Watch chart here https://t.me/FastProfitsReport/396
Nifty500 closes below the 200DMA (14,402) after 577 days – last close was in July 2020. Nifty50 is near the 200DMA which is placed at 16,798.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily - Profit from Market Trends with this Proven Trading Technique
How do you navigate the volatile trends in the market?
http://www.eqtm.in/j6E9B
How do you navigate the volatile trends in the market?
http://www.eqtm.in/j6E9B
The bulls and bears traders are jigged out in the volatility; Nifty gains 3% to end at 17,352 after the 3% fall yesterday.
The power of 200DMA acted as supported for Nifty which was placed at 16,798. The break of 50DMA (17,465) and the resistance of 17,535 will accelerate the momentum for bulls; till then it will be the rangebound markets with high volatility.
Traders should stay away from such kind of volatility while investors can accumulate the quality stocks using the Proven Technical Techniques. Watch video here https://www.youtube.com/watch?v=bXFKzpPtcTE
Brijesh Bhatia
Research Analyst, Fast Profit Report
The power of 200DMA acted as supported for Nifty which was placed at 16,798. The break of 50DMA (17,465) and the resistance of 17,535 will accelerate the momentum for bulls; till then it will be the rangebound markets with high volatility.
Traders should stay away from such kind of volatility while investors can accumulate the quality stocks using the Proven Technical Techniques. Watch video here https://www.youtube.com/watch?v=bXFKzpPtcTE
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Private Bank vs PSU Bank?
PSU Bk Index is outperforming against the Private Bk Index since Sept 2021.
Should you continue holding PSU or shift to all-time favourite Private banks?
After the sharp rally in the markets yesterday, we are witnessing bullish reversal in Private index as well as in Bank Nifty which has over 86% weightage from pvt banks.
The Bullish Harmonic pattern (marked blue) on private bank index confirms the reversal but it is facing resistance in the gap area (marked magenta). The resistance of falling channel (marked red) is placed at 19,800 which if taken out, we may witness a stellar rally.
I analysed the ratio chart of PSU Bk Index vs Private Bk Index to check the strength of the performance of PSU over Private and was stunned to see the pattern.
The bearish harmonic pattern is visible on the ratio chart indicating an end of an outperformance of PSU over Pvt Bk.
Once the Pvt Bk index breaks above 19,800, it is advisable to book profits in PSU and shift to Pvt Banks.
#KeepItSimple
PSU Bk Index is outperforming against the Private Bk Index since Sept 2021.
Should you continue holding PSU or shift to all-time favourite Private banks?
After the sharp rally in the markets yesterday, we are witnessing bullish reversal in Private index as well as in Bank Nifty which has over 86% weightage from pvt banks.
The Bullish Harmonic pattern (marked blue) on private bank index confirms the reversal but it is facing resistance in the gap area (marked magenta). The resistance of falling channel (marked red) is placed at 19,800 which if taken out, we may witness a stellar rally.
I analysed the ratio chart of PSU Bk Index vs Private Bk Index to check the strength of the performance of PSU over Private and was stunned to see the pattern.
The bearish harmonic pattern is visible on the ratio chart indicating an end of an outperformance of PSU over Pvt Bk.
Once the Pvt Bk index breaks above 19,800, it is advisable to book profits in PSU and shift to Pvt Banks.
#KeepItSimple
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Nifty swings between two averages; ends the day at 17,322 losing 0.17%.
Index trades in the range of 50DMA (17,468) and 200DMA (16,824) with gap resistance at 17,450-17,600.
The bullish divergence on RSI indicates the bullish to range bound momentum for next few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index trades in the range of 50DMA (17,468) and 200DMA (16,824) with gap resistance at 17,450-17,600.
The bullish divergence on RSI indicates the bullish to range bound momentum for next few sessions.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Forwarded from Equitymaster
Given what you know and don't know about the LIC IPO, what's your stance today ..
Final Results
37%
Will Apply
48%
Won't Apply
15%
Can't Say
Nifty - In the No-Trading Zone
Equity markets are like the game of table tennis as the news of Russia-Ukraine war is on and off in the last few trading sessions.
The last week began with the gap-down on Nifty to test the ~16,800 levels and back to the ~17,500 levels during the week. With an extreme volatility and gap opening, it is difficult for a trader to manage its position.
Technically, Nifty is trading between the two major moving averages, the 50 days and 200 days which are placed at 17,460 and 16,851 respectively.
Additionally, it is trading in the triangle formation with support area at 16,800 and resistance at 17,480. Along with upper line of triangle, the gap area of 17,450-17,600 will act as a wall.
I believe this range to be the No-Trading Zone for the traders. The best trade will be on the break of 16,750-17,650 zone.
#KeepItSimple
The last week began with the gap-down on Nifty to test the ~16,800 levels and back to the ~17,500 levels during the week. With an extreme volatility and gap opening, it is difficult for a trader to manage its position.
Technically, Nifty is trading between the two major moving averages, the 50 days and 200 days which are placed at 17,460 and 16,851 respectively.
Additionally, it is trading in the triangle formation with support area at 16,800 and resistance at 17,480. Along with upper line of triangle, the gap area of 17,450-17,600 will act as a wall.
I believe this range to be the No-Trading Zone for the traders. The best trade will be on the break of 16,750-17,650 zone.
#KeepItSimple
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Indian markets began with gap-down but recovers and trades in range; Nifty hovers in the range of 17,000-17,300 and ends the day at 17,206 losing 0.40%.
It’s the No Trading Zone for traders in Nifty as it trades in the triangle structure with resistance placed at 17,600 and support at 16,800. Watch chart here https://t.me/FastProfitsReport/405
The market breadth is inclined towards bears today as 80 stocks advance against the 421 declines in Nifty500 index. Smallcap index trades at 6months lowest level of 10,048.
Banks and Financial Service index was the only one in green today. Are you confused about opportunities between PSU Banks or Private Banks?
We will guide you with the technical chart pattern in our Fast Profits Video tomorrow. Follow us here https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
It’s the No Trading Zone for traders in Nifty as it trades in the triangle structure with resistance placed at 17,600 and support at 16,800. Watch chart here https://t.me/FastProfitsReport/405
The market breadth is inclined towards bears today as 80 stocks advance against the 421 declines in Nifty500 index. Smallcap index trades at 6months lowest level of 10,048.
Banks and Financial Service index was the only one in green today. Are you confused about opportunities between PSU Banks or Private Banks?
We will guide you with the technical chart pattern in our Fast Profits Video tomorrow. Follow us here https://www.youtube.com/channel/UCuLyyxpAOqEsOYiNMapZNKg
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍7
MOEX - Is War an Investment Opportunity?
MOEX, Russia Equity Index has corrected over 30% from the high of 4,292.
Technically, an index is considered to enter the bearish trend on fall over 20%.
But......The chart suggests contradictory structure.
On the weekly chart scale, index is trading around the crucial support zone.
1. Since 2014, the higher high - higher low structure is Bullish as per Dow theory.
2. The rising trendline (red) connected from the lows of 2014 to 2020 suggests the support at ~2,800 lvls.
3. Long term Exponential Moving Average of 200 period is placed at 3,081.
4. Fibonacci retracement of the recent rise suggests the support of 3,056 (61.80%) and 2,727 (78.60%).
5. Interesting, the RSI has moved into oversold territory indicating the support will be an opportunity.
An investor should grab an opportunity in the zone of 2,700-3,000.
The chart structure will fail on the weekly close below 2,300 which will end the higher high-higher low structure.
#KeepItSimple
MOEX, Russia Equity Index has corrected over 30% from the high of 4,292.
Technically, an index is considered to enter the bearish trend on fall over 20%.
But......The chart suggests contradictory structure.
On the weekly chart scale, index is trading around the crucial support zone.
1. Since 2014, the higher high - higher low structure is Bullish as per Dow theory.
2. The rising trendline (red) connected from the lows of 2014 to 2020 suggests the support at ~2,800 lvls.
3. Long term Exponential Moving Average of 200 period is placed at 3,081.
4. Fibonacci retracement of the recent rise suggests the support of 3,056 (61.80%) and 2,727 (78.60%).
5. Interesting, the RSI has moved into oversold territory indicating the support will be an opportunity.
An investor should grab an opportunity in the zone of 2,700-3,000.
The chart structure will fail on the weekly close below 2,300 which will end the higher high-higher low structure.
#KeepItSimple
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