The geo-political tension increase over Russia-Ukraine war, the D-street opens with gap-down but recovers in the second half to settle the Nifty at 17,092 losing 0.67%.
US markets will open after the long weekend; volatility is likely to stay higher. We also have the monthly F&O expiry which could add up the volatility in Indian markets.
Nifty is trending in the triangle pattern and support of 200DMA indicating the No Trading Zone. Watch chart here https://t.me/FastProfitsReport/405
MOEX, Russia Equity Index is trading at crucial Make-or-Break levels; any reversal from here can ignite the short covering rally in the global markets. Read technical structure here https://t.me/FastProfitsReport/407
Brijesh Bhatia
Research Analyst, Fast Profit Report
US markets will open after the long weekend; volatility is likely to stay higher. We also have the monthly F&O expiry which could add up the volatility in Indian markets.
Nifty is trending in the triangle pattern and support of 200DMA indicating the No Trading Zone. Watch chart here https://t.me/FastProfitsReport/405
MOEX, Russia Equity Index is trading at crucial Make-or-Break levels; any reversal from here can ignite the short covering rally in the global markets. Read technical structure here https://t.me/FastProfitsReport/407
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍6❤2
Bank Nifty - Between You and Me
Bank Nifty has stuck between the walls of the channel ( red parallel lines). The upper wall is placed at ~37,800 which is crucial for Me (bulls) to take it out for the future bullish momentum. It can be an attacking zone for You (bears) too.
Additionally, the Bollinger Band (BB) is squeezing post the volatility and the upper band is just placed above the channel at 38,070.
As per Derivative structure, 38000CE holds an OI of 1.27L which will be an icing on cake for You.
The move above 38,000-38,100 will witness the breakout for Me and the short covering rally by You will trigger the momentum towards 39,000 levels.
#KeepItSimple
Bank Nifty has stuck between the walls of the channel ( red parallel lines). The upper wall is placed at ~37,800 which is crucial for Me (bulls) to take it out for the future bullish momentum. It can be an attacking zone for You (bears) too.
Additionally, the Bollinger Band (BB) is squeezing post the volatility and the upper band is just placed above the channel at 38,070.
As per Derivative structure, 38000CE holds an OI of 1.27L which will be an icing on cake for You.
The move above 38,000-38,100 will witness the breakout for Me and the short covering rally by You will trigger the momentum towards 39,000 levels.
#KeepItSimple
👍20
The calm before the storm on the D-street as it trades in the range even though the market breadth was inclined towards bulls; Nifty ends at 17,063 losing 0.17%.
The markets are likely to be volatile on the month F&O expiry day tomorrow as the derivatives data suggests the wider range of 16,500-17,500 on Nifty.
It’s been a month that Nifty is trading in the triangle structure pattern with support at 16,800 and resistance at 17,500. Though it is the No Trading Zone for me, I will wait for the either side breakout to go for a trade. Watch chart here https://t.me/FastProfitsReport/405
Bank Nifty is in the similar structure on short term chart as it trades between the two walls. The break of 38,000-38,100 can accelerate the bullish momentum. Watch chart here https://t.me/FastProfitsReport/410
Brijesh Bhatia
Research Analyst, Fast Profit Report
The markets are likely to be volatile on the month F&O expiry day tomorrow as the derivatives data suggests the wider range of 16,500-17,500 on Nifty.
It’s been a month that Nifty is trading in the triangle structure pattern with support at 16,800 and resistance at 17,500. Though it is the No Trading Zone for me, I will wait for the either side breakout to go for a trade. Watch chart here https://t.me/FastProfitsReport/405
Bank Nifty is in the similar structure on short term chart as it trades between the two walls. The break of 38,000-38,100 can accelerate the bullish momentum. Watch chart here https://t.me/FastProfitsReport/410
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍8
Forwarded from Equitymaster
Finally... Equitymaster's Co-Founder of Research, Rahul Shah, launches his much awaited Telegram channel.
And not surprisingly, he is off with a bang with a series of thought provoking posts.
If you are interested in ideas that can potentially accelerate your profits, join Rahul Shah's telegram channel now...
https://t.me/AcceleratedProfits
And not surprisingly, he is off with a bang with a series of thought provoking posts.
If you are interested in ideas that can potentially accelerate your profits, join Rahul Shah's telegram channel now...
https://t.me/AcceleratedProfits
Telegram
Accelerated Profits by Rahul Shah
Do you want to own the perfect group of stocks to potentially multiply your profits in the market? Rahul Shah, India’s leading analyst and co-head of research at Equitymaster, will show how in this Telegram group.
Forwarded from Equitymaster
Fast Profits Daily - Nifty is Warming up for a New All-Time High
Can the Nifty make a new all-time high? This is what the charts say...
http://www.eqtm.in/x7ZBf
Can the Nifty make a new all-time high? This is what the charts say...
http://www.eqtm.in/x7ZBf
👍7
Forwarded from Equitymaster
Smart investors, by the hundreds, are joining Rahul Shah's just launched Telegram group.
Don't get left behind...
Join today and ensure you get access to Rahul's best ideas on how to spot accelerated profit opportunities in this market...
https://t.me/AcceleratedProfits
Don't get left behind...
Join today and ensure you get access to Rahul's best ideas on how to spot accelerated profit opportunities in this market...
https://t.me/AcceleratedProfits
Equitymaster
Fast Profits Daily - Nifty is Warming up for a New All-Time High Can the Nifty make a new all-time high? This is what the charts say... http://www.eqtm.in/x7ZBf
Nifty - The Perfect Reversal
Nifty has hit the all-time high of 18,604 in October 2021. It has been 89 trading days since its high and markets are showing the signs of positive momentum in today's session.
Why 89 is so important:
As per Fibonacci time cycle period, 89 period is considered as one of the time cycle reversal.
The gap-up opening and reversal from the support of channel indicates the momentum are still favoring bulls after the Black Thursday.
In the video, we highlighted the support zone of 16,300-16,500, Nifty made the low of 16,203 on an exaggerated momentum but finding the lost ground.
The Bullish Reversal
The Bullish AB=CD harmonic pattern had a reversal levels at 16,245 just above the support line of channel.
The reversal from AB=CD signals the bearish momentum may take an end and index may head towards north.
As the uncertainty hovers over Russia-Ukraine war, the level of 16,200 may hold for Nifty.
Traders should remain cautious till the dust settles (volatility).
#KeepItSimple
Nifty has hit the all-time high of 18,604 in October 2021. It has been 89 trading days since its high and markets are showing the signs of positive momentum in today's session.
Why 89 is so important:
As per Fibonacci time cycle period, 89 period is considered as one of the time cycle reversal.
The gap-up opening and reversal from the support of channel indicates the momentum are still favoring bulls after the Black Thursday.
In the video, we highlighted the support zone of 16,300-16,500, Nifty made the low of 16,203 on an exaggerated momentum but finding the lost ground.
The Bullish Reversal
The Bullish AB=CD harmonic pattern had a reversal levels at 16,245 just above the support line of channel.
The reversal from AB=CD signals the bearish momentum may take an end and index may head towards north.
As the uncertainty hovers over Russia-Ukraine war, the level of 16,200 may hold for Nifty.
Traders should remain cautious till the dust settles (volatility).
#KeepItSimple
👍40
IT Index - The Big Bull
IT index was major contributor to the Nifty rally in second half of 2021 but witnessed the profit bookings as market retraced.
Index is now trading at the crucial support zone of ichimoku cloud and witnessing the bullish momentum.
The bullish divergence on RSI as IT index hits 27 weeks low indicates the lack of bears strength. The 27 being the Fibonacci number plays a key important role in reversal.
If bulls manage to move above the previous week high of 34,692, we may witness the short covering rally in the markets and IT index may lead Nifty higher above the 17,000 mark.
#KeepItSimple
IT index was major contributor to the Nifty rally in second half of 2021 but witnessed the profit bookings as market retraced.
Index is now trading at the crucial support zone of ichimoku cloud and witnessing the bullish momentum.
The bullish divergence on RSI as IT index hits 27 weeks low indicates the lack of bears strength. The 27 being the Fibonacci number plays a key important role in reversal.
If bulls manage to move above the previous week high of 34,692, we may witness the short covering rally in the markets and IT index may lead Nifty higher above the 17,000 mark.
#KeepItSimple
👍22
Fast Profits Daily - A Trader's War Room
What should you be your war-time trading strategy?
http://www.eqtm.in/Wt9g6
What should you be your war-time trading strategy?
http://www.eqtm.in/Wt9g6
Bank Nifty - It's a Screaming Buy
It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades.
From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a correction over 20% on geo-political tensions.
Technically, it's a screaming buy as it trades around the long-term support area of 32,500-31,500 zone.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart at the recent lows of ~32,700 which is near the support zone.
Additionally, the 100WEMA is placed at 33,176 offering the support to bulls.
Traders/investors should gradually accumulate till 32,000 levels. The pattern negates on the breach of 30,400 levels.
Considering the favorable risk-reward, I believe this is the long-term buying opportunity in Bank Nifty.
The volatility will continue to stay higher amid the Russia-Ukraine developments and traders should risk only what they can afford.
#KeepItSimple
It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades.
From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a correction over 20% on geo-political tensions.
Technically, it's a screaming buy as it trades around the long-term support area of 32,500-31,500 zone.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart at the recent lows of ~32,700 which is near the support zone.
Additionally, the 100WEMA is placed at 33,176 offering the support to bulls.
Traders/investors should gradually accumulate till 32,000 levels. The pattern negates on the breach of 30,400 levels.
Considering the favorable risk-reward, I believe this is the long-term buying opportunity in Bank Nifty.
The volatility will continue to stay higher amid the Russia-Ukraine developments and traders should risk only what they can afford.
#KeepItSimple
👍31
USDINR - Will it be a nail in the coffin for Equities?
Indian Rupee depreciated to the historic low of 77.14 against dollar today.
Since it pandemic low of 77.0080, it consolidated in the range of 72-77 for 23months; finally it break the range.
I did a video last year stating the Rupee to head to 80 against Dollar, 'der aaye durust aaye' 😛
(Video link: https://www.youtube.com/watch?v=vkkbaG7wteI&t=1s )
Historically, the depreciating rupee have short-term pain on Indian equities but they tend to go hand-in-hand in the long-term (the percentage rise and fall may differ).
As Nifty corrected from 18,600 to ~15,700 level now, can the depreciating rupee be a last nail in the coffins for bears?
Additionally, the depreciating rupee will be the perks for IT sector and it may boost Nifty higher. IT sector weighs ~18% in Nifty which may trigger the reversal in the coming weeks.
#KeepItSimple
Indian Rupee depreciated to the historic low of 77.14 against dollar today.
Since it pandemic low of 77.0080, it consolidated in the range of 72-77 for 23months; finally it break the range.
I did a video last year stating the Rupee to head to 80 against Dollar, 'der aaye durust aaye' 😛
(Video link: https://www.youtube.com/watch?v=vkkbaG7wteI&t=1s )
Historically, the depreciating rupee have short-term pain on Indian equities but they tend to go hand-in-hand in the long-term (the percentage rise and fall may differ).
As Nifty corrected from 18,600 to ~15,700 level now, can the depreciating rupee be a last nail in the coffins for bears?
Additionally, the depreciating rupee will be the perks for IT sector and it may boost Nifty higher. IT sector weighs ~18% in Nifty which may trigger the reversal in the coming weeks.
#KeepItSimple
👍18
Fast Profits Daily
Bank Nifty - It's a Screaming Buy It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades. From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a…
Bank Nifty - Reversing from the demand zone
Bank Nifty hits the low of 32,155 and as I have mentioned the dips towards 32,000 as an accumulation levels, it turned back above and closed 33,000 marks today.
The bulls need to build a bridge over the brook of 33,500-34,100, which if taken out can test 36,000-37,000 levels in coming months. ↗️
#KeepItSimple
Bank Nifty hits the low of 32,155 and as I have mentioned the dips towards 32,000 as an accumulation levels, it turned back above and closed 33,000 marks today.
The bulls need to build a bridge over the brook of 33,500-34,100, which if taken out can test 36,000-37,000 levels in coming months. ↗️
#KeepItSimple
👍20
Fast Profits Daily
IT Index - The Big Bull IT index was major contributor to the Nifty rally in second half of 2021 but witnessed the profit bookings as market retraced. Index is now trading at the crucial support zone of ichimoku cloud and witnessing the bullish momentum.…
YouTube
IT Stocks: The White Knights | Trade IT Stocks | Brijesh Bhatia
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details: http://www.eqtm.in/b6X9Y This is why IT stocks are bullish..While the Nifty has been fall...
Fast Profits Daily
https://youtu.be/m5R7ownKdHI
Nasdaq - The Bulls are turning the tide
After the negative opening, Nasdaq hits the low of 13,129 and reversed back above the 13,600 levels indicating the bulls are turning the tides.
Why is today's reversal important?
Index hit the low of 13,129 but didn't break the open and low of 13,065 clocked on 24th Feb 2022. It formed bullish belt-hold candlestick pattern at the low of 13,065 with multiple reversal pattern.
Additionally, the bullish crab harmonic pattern is visible on chart which completed at 13,065 indicating apna-time-aayega for bulls. An icing on cake was the positive divergence on RSI confirming the bears are losing their ground.
Can Nasdaq help Indian IT sector ladder higher in their outperformance trend? Watch the video here https://t.me/FastProfitsReport/423
#KeepItSimple
After the negative opening, Nasdaq hits the low of 13,129 and reversed back above the 13,600 levels indicating the bulls are turning the tides.
Why is today's reversal important?
Index hit the low of 13,129 but didn't break the open and low of 13,065 clocked on 24th Feb 2022. It formed bullish belt-hold candlestick pattern at the low of 13,065 with multiple reversal pattern.
Additionally, the bullish crab harmonic pattern is visible on chart which completed at 13,065 indicating apna-time-aayega for bulls. An icing on cake was the positive divergence on RSI confirming the bears are losing their ground.
Can Nasdaq help Indian IT sector ladder higher in their outperformance trend? Watch the video here https://t.me/FastProfitsReport/423
#KeepItSimple
👍18❤6
Forwarded from Equitymaster
With Gold at US$ 2,000+, are you...
Final Results
31%
A Buyer of Gold
18%
A Seller of Gold
51%
Maintaining Status Quo
❤4👍4
Equitymaster
With Gold at US$ 2,000+, are you...
I hope your vote won't change on Gold after watching this video 😊
https://www.youtube.com/watch?v=5HANLREUq-g&t=23s
https://www.youtube.com/watch?v=5HANLREUq-g&t=23s
YouTube
Should You Invest in Gold this Diwali? | Gold in 2022 | Gold Price
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details:http://www.eqtm.in/Zi79T In this video, I’ll show you the best time to buy gold this festiv...
👍7
Fast Profits Daily
Bank Nifty - It's a Screaming Buy It has been tough times for traders in the last few weeks as markets are trending in gaps offering an unfavorable risk-reward trades. From the highs of 41,820 (Futures), Bank Nifty has slipped below 33,000 mark today, a…
Bank Nifty - 32,251 to 34,000+
Index reverse from the lows to 23.60% Fibonacci retracement at 33,900. Also, the gap hurdle of 34,153 needs to surpass for the further bullish momentum.
The momentum players can look to take some chips off the table.
#KeepItSimple
Index reverse from the lows to 23.60% Fibonacci retracement at 33,900. Also, the gap hurdle of 34,153 needs to surpass for the further bullish momentum.
The momentum players can look to take some chips off the table.
#KeepItSimple
👍11❤8
S&P500 - Bears may call it a day
The sell-off in last couple of hours ended the day near lows for S&P500 (SPX) after the stellar comeback from 4,114.
Surprisingly, the low of 4114 is also the palindromic number which has its significance in astro analysis. (I am not a astro analyst)
Technically, the reversal from bullish nen-star harmonic pattern and dip to test the lows are can be an opportunity for bulls.
The bullish cypher pattern has formed near the yesterday's low indicating the bears may call it a day for this bearish momentum.
The bullish divergence on RSI signs a weakening bears and it's time for bulls to enter the arena.
If bears want to continue their bearish momentum, they need to break 4,000-4,052 zone where the bullish harmonic will negate.
#KeepItSimple
The sell-off in last couple of hours ended the day near lows for S&P500 (SPX) after the stellar comeback from 4,114.
Surprisingly, the low of 4114 is also the palindromic number which has its significance in astro analysis. (I am not a astro analyst)
Technically, the reversal from bullish nen-star harmonic pattern and dip to test the lows are can be an opportunity for bulls.
The bullish cypher pattern has formed near the yesterday's low indicating the bears may call it a day for this bearish momentum.
The bullish divergence on RSI signs a weakening bears and it's time for bulls to enter the arena.
If bears want to continue their bearish momentum, they need to break 4,000-4,052 zone where the bullish harmonic will negate.
#KeepItSimple
👍10
Fast Profits Daily -Time to Buy Real Estate Stocks
This is why I'm bullish of realty stocks.
http://www.eqtm.in/Gb48E
This is why I'm bullish of realty stocks.
http://www.eqtm.in/Gb48E
👍7