Fast Profits Daily
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Banks lead the new F&O series on first day; Bank Nifty gains 1.54% while Nifty gains 0.44%.

Bank Nifty to Nifty ratio indicates the Banks are likely to outperform next week. Watch chart here https://t.me/FastProfitsReport/25

Traders should keep watch on IT index for July series as Nasdaq is trending bullish at all-time high.

Brijesh Bhatia
Research Analyst, Fast Profit Report
MCX Zinc @ 40 Months Young Trendline Support

#KeepItSimple
Chart of the Day: PSU Bank resumes its Outperformance

After rallying for consecutive four months from Nov'20 to Feb'21, PSU index consolidated and resumed it bullish journey in May'21 forming Rising Three Candlestick Pattern on monthly chart.

The short-term pause in June and back in action at the end of June indicates the July belongs to PSU banks.

We believe PSU Banks can outperform over Nifty in the month of July as we are witnessing fresh breakout on ratio chart.

#KeepItSimple
ICICI Bank can be driver for Bank Nifty this week, Can it Break free?

#KeepItSimple
Chart of the Day: Dollar Index & USDINR

The currencies are stuck in range for last few weeks.

Is this the calm before the storm?

#KeepItSimple
Index trades with bearish biased; Nifty ends at 15,748.45 losing 0.42%.

The Bearish Belt Hold candlestick followed by bearish day at all-time high is sign of cautious for bulls; till 16,000 is not taken out we believe the bears will slow and steady take control.

The divergence between Nifty50 and Nifty500 at new high is an unhealthy breadth indicating the participation by few stocks.

Brijesh Bhatia
Research Analyst, Fast Profit Report
Chart of the Day: Nifty Energy Index

The breakout rally, retest and rally is the tone for the recent trend in Energy Index.

Index has retested the previous breakout and at the low of 21 days Donchian Channel.

We expect the King to awake and rally index to new high of 21,066.

Constituents & Weightage of Energy Index:
Reliance Industries Ltd. - 32.60%
Power Grid Corporation of India Ltd. - 11.47%
NTPC Ltd. - 10.41%
Adani Green Energy Ltd. - 9.84%
Bharat Petroleum Corporation Ltd. - 8.73%
Oil & Natural Gas Corporation Ltd. - 8.22%
GAIL (India) Ltd. - 5.72%
Indian Oil Corporation Ltd. - 5.51%
Hindustan Petroleum Corporation Ltd. - 3.91%
Tata Power Co. Ltd. - 3.58%
The lacklustre day on D-street ends Nifty at 15,721.50 losing 0.17%.

The June month was the 18 months narrowest monthly range to previous close in Nifty; is this the calm before the storm?

Midcap to Nifty ratio chart indicates the focus should be on Midcap as they are likely to outperform in short-term.

Brijesh Bhatia
Research Analyst, Fast Profit Report
DXY approaching the breakout level.

Will it break?
Chart of the Day: Nifty Futures @ TruStop Support

TruStopTM is our proprietary system of identifying trend and has an unique feature of trailing profits or stop loss.

Nifty Futures is at the support of our short-term TruStop level of 15,668 - the trend decider level for next few weeks.

#KeepItSimple
The narrowest month with range of < 3% for Nifty; the week too went within the range of ~2%; ends at 15,722 gaining 0.27%.

Midcap and Smallcap continue to outperform over Nifty, don’t miss the money making opportunity.

Our TruStop system indicates the Nifty is getting ready to take-off for fast and furious move. Watch our Fast Profits Daily video on Monday.

Brijesh Bhatia
Research Analyst, Fast Profit Report
Disappears at 11:59pm Tonight: Your Access to Richa’s Dark horse Stocks

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We urge you to watch the special replay of Smallcap Revival Summit where Richa reveals everything you should know about the 3 darkhorse stocks…

The video will disappear tonight at 11.59 PM sharp.

Watch Video Now.

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Chart of the Day: Nifty Seasonality Analysis
Nifty saw the narrowest monthly range of ~3% in June 2021.

The Bollinger Band is squeezing, and the index is hovering near its all-time high.

As per our TruStopTM system, Nifty is getting ready to take-off.

They say big reward comes with big risk. So it is with the Nifty.

On the flip side, the talk of the town, the dollar index, which has an inverse relation with the Nifty, has witnessed a bullish move recently.

And that might hurt Nifty traders who are long, but when will this happen?

Watch the video to know how the Technical Structure of Nifty shaping up.

#KeepItSimple

https://www.equitymaster.com/fast-profits-daily/detail.asp?date=07/05/2021&story=4&title=Nifty-at-a-Key-Take-Off-Point&utm_source=fast-profits-daily&utm_medium=website&utm_campaign=content&utm_content=top-story