Pharma Index - Alive and Kicking
Pharma index is underperforming Nifty since September 2020 after the new normal.
We highlighted in our previous note, the break above 14.000 will take index higher, but it is trading in the range of 13,300-13,700 so far. Watch note here https://t.me/FastProfitsReport/456
Pharma Index/Nifty50 at Reversal Level
As pharma index is struggling to cross 14K level, the ratio chart of Nifty Pharma/Nifty50 indicates the recovery in health for Pharma index.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart and an outperformance of Pharma index over Nifty in past few weeks confirms the reversal.
The positive crossover of averages in oversold zone on MACD signs a healthy structure for Pharma Index.
Who can lead Pharma Index?
Sun Pharma and Cipla are trading at 52W highs while Divis Lab, LaurasLab & Auro Phr witness an uptick in outperformance against Pharma Index recently.
On cross of 14000, pharma index will be in a sweet spot for investors.
#KeepItSimple
Pharma index is underperforming Nifty since September 2020 after the new normal.
We highlighted in our previous note, the break above 14.000 will take index higher, but it is trading in the range of 13,300-13,700 so far. Watch note here https://t.me/FastProfitsReport/456
Pharma Index/Nifty50 at Reversal Level
As pharma index is struggling to cross 14K level, the ratio chart of Nifty Pharma/Nifty50 indicates the recovery in health for Pharma index.
The Bullish Gartley harmonic reversal pattern is visible on weekly chart and an outperformance of Pharma index over Nifty in past few weeks confirms the reversal.
The positive crossover of averages in oversold zone on MACD signs a healthy structure for Pharma Index.
Who can lead Pharma Index?
Sun Pharma and Cipla are trading at 52W highs while Divis Lab, LaurasLab & Auro Phr witness an uptick in outperformance against Pharma Index recently.
On cross of 14000, pharma index will be in a sweet spot for investors.
#KeepItSimple
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My colleague Richa Agarwal recently posted a Youtube video on Optionality- Finding the Next Infoedge. Optionality is generated from an investment which has the potential to give huge returns, but the quantum of it cannot be ascertained. One can arrive at a fair value only over a period of time. Not to mention that such investments come with their fair share of risks. To know more about the opportunities, watch the video here.
https://t.me/IndiaRevival/108
https://t.me/IndiaRevival/108
Telegram
India Revival with Tanushree Banerjee
My colleague Richa Agarwal recently posted a Youtube video on Optionality- Finding the Next Infoedge. Optionality is generated from an investment which has the potential to give huge returns, but the quantum of it cannot be ascertained. One can arrive at…
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Forwarded from Equitymaster
The market reversed in the second half of the day; Nifty hold 17,000 and closes at 17,222 gaining 0.40%.
The gap area and 200DEMA (17,043) is the hurdle for bears; the move above 17,301 will confirm the bullish breakout from diamond pattern.
As highlighted in Friday’s note, Bank Nifty PCR was 0.65 and short covering rally can be on cards – **here we go, it was up by 0.85%**.
Trader’s can expect the momentum in Bank Nifty towards 36,400-36,800 levels in the expiry week.
Brijesh Bhatia
Editor, Fast Profits Report
The gap area and 200DEMA (17,043) is the hurdle for bears; the move above 17,301 will confirm the bullish breakout from diamond pattern.
As highlighted in Friday’s note, Bank Nifty PCR was 0.65 and short covering rally can be on cards – **here we go, it was up by 0.85%**.
Trader’s can expect the momentum in Bank Nifty towards 36,400-36,800 levels in the expiry week.
Brijesh Bhatia
Editor, Fast Profits Report
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SmallCap Index - The Death Cross
Small Cap index had outperformed against the Nifty in 2020 as well as 2021. Since the start of 2022, it is underperforming and witnessed the death cross on Small Cap Index daily chart.
The death cross is the market chart pattern reflecting the bearish trend as the short-term moving average (50DMA) crosses below the long-term moving average (200DMA).
In the above Smallcap index chart, the death cross happened after 2 years.
Historically, this is the sixth time in last 10yrs and it has failed only once. In the previous five death cross, index has corrected between 14-30%.
The broader market index (Nifty500) is still trending bullish;, the failure can be the probability till 9,500 is not broken on Small Cap index.
#KeepItSimple
Small Cap index had outperformed against the Nifty in 2020 as well as 2021. Since the start of 2022, it is underperforming and witnessed the death cross on Small Cap Index daily chart.
The death cross is the market chart pattern reflecting the bearish trend as the short-term moving average (50DMA) crosses below the long-term moving average (200DMA).
In the above Smallcap index chart, the death cross happened after 2 years.
Historically, this is the sixth time in last 10yrs and it has failed only once. In the previous five death cross, index has corrected between 14-30%.
The broader market index (Nifty500) is still trending bullish;, the failure can be the probability till 9,500 is not broken on Small Cap index.
#KeepItSimple
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Profit from Unlisted Stocks
Retail investors are always keen to understand how these biggies invest in unlisted stocks and make money.
If you are interested in knowing, watch this video shared by my colleague at Equitymaster, Tanushree Banerjee.
https://t.me/IndiaRevival/111
Retail investors are always keen to understand how these biggies invest in unlisted stocks and make money.
If you are interested in knowing, watch this video shared by my colleague at Equitymaster, Tanushree Banerjee.
https://t.me/IndiaRevival/111
Telegram
India Revival with Tanushree Banerjee
The Tata group may have multiplied their investment in the stock 233 times since 2002.
Just as individual investors are keen to get invested in high potential startups…so are large corporates.
Turns out that some very well run bluechips have already taken…
Just as individual investors are keen to get invested in high potential startups…so are large corporates.
Turns out that some very well run bluechips have already taken…
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Nifty Realty Index - The Breakout
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~18% from the lows.
The Breakout
As index reversed from the harmonic pattern, the fresh momentum breakout from bullish head and shoulder is visible on chart.
Additionally, the previous high of 456-457 is taken out with gap convince the bullish momentum.
RSI on the lower panel has broken out of the previous highs suggesting the strength in bullish momentum.
Realty index is likely to head above 500 levels and eventually towards new 52W highs.
#KeepItSimple
I released a video on 9th March 2022 saying it's "Time to Buy Real Estate Stocks". Watch video here https://www.youtube.com/watch?v=2kbzaMGe4VU&t=22s
I highlighted the reversal pattern at 390-410 zone, it hit the low of 389 and up by ~18% from the lows.
The Breakout
As index reversed from the harmonic pattern, the fresh momentum breakout from bullish head and shoulder is visible on chart.
Additionally, the previous high of 456-457 is taken out with gap convince the bullish momentum.
RSI on the lower panel has broken out of the previous highs suggesting the strength in bullish momentum.
Realty index is likely to head above 500 levels and eventually towards new 52W highs.
#KeepItSimple
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Nifty - Series of Bullish Head & Shoulder
As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days.
Nifty recovered over 10% from the lows of 15,671 and likely to form the bullish engulfing if it closes above the 17,600 mark today.
Is the March rally above 17,000 to glorify the statement for Mutual Funds?
DII has led this rally even though FII have been seller over Rs.2,30,963crs (Apr'21 to Feb'22). DII has bought Rs.1,81,982cr in cash and the trust of Indians to invest in MF will only multiply and money will continue to flow into the markets.
Technically, the multiple bullish head & shoulder pattern is visible on short-term charts of Nifty indicating the bulls are having an upper hand.
If we consider the targets as per pattern is above 19,000 levels (the height of neckline to head is 1700pts).
The red flag is the death cross in global equity indices as well as India's Midcap & Smallcap index.
#KeepItSimple
As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days.
Nifty recovered over 10% from the lows of 15,671 and likely to form the bullish engulfing if it closes above the 17,600 mark today.
Is the March rally above 17,000 to glorify the statement for Mutual Funds?
DII has led this rally even though FII have been seller over Rs.2,30,963crs (Apr'21 to Feb'22). DII has bought Rs.1,81,982cr in cash and the trust of Indians to invest in MF will only multiply and money will continue to flow into the markets.
Technically, the multiple bullish head & shoulder pattern is visible on short-term charts of Nifty indicating the bulls are having an upper hand.
If we consider the targets as per pattern is above 19,000 levels (the height of neckline to head is 1700pts).
The red flag is the death cross in global equity indices as well as India's Midcap & Smallcap index.
#KeepItSimple
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
Hurrah! This piece is on Live Mint now
https://www.livemint.com/market/stock-market-news/nse-nifty-series-of-bullish-head-shoulder-11648699498259.html
https://www.livemint.com/market/stock-market-news/nse-nifty-series-of-bullish-head-shoulder-11648699498259.html
mint
NSE Nifty - Series of Bullish Head & Shoulder
Check out the latest ideas and forecasts for NSE Nifty index.
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It has been 2 years since the Covid fall and Nifty gains over 100% since FY2020-21 close; gains ~18% in the FY2021-22 to settle the year at 17,464.
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
The multiple doji candlestick pattern on quarterly chart indicates the volatile Q1FY2022-2023; traders get ready for roller coaster quarter.
For April; 16,800-17,000 will be the key support area while 17,660-17,824 will be decisive hurdle; either side break will be the trading opportunity.
As per seasonality analysis, April has been the month of bulls with an average gain over 2% for last 26years of data.
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Here’s a note on the latest status of the ransomeware attack on Equitymaster - https://www.equitymaster.com/
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We have also posted a detailed FAQ on the status of our Portfolio Tracker. Please access here - https://www.equitymaster.com/portfolio/faq.asp
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
Nifty bulls are getting stronger day-by-day 📈📈🐎🐎
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Fast Profits Daily
Nifty - Series of Bullish Head & Shoulder As we are on the last trading day of FY 2021-2022, the March has been volatile like Jan & Feb - the only difference was less number of gap opening days. Nifty recovered over 10% from the lows of 15,671 and likely…
Nifty crosses 18,000 mark and going strong 💪🏻📈📈
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BankNifty - The runaway gap 📈
Its the Banking & Financial Serv day as they rally over 3%; thanks to the HDFC Ltd and HDFC Bank merger news which triggered over 10% rally in the stocks.
Technically, Bank Nifty was trading between the canals as I highlighted it in my Telegram post on 25th March 2022 (https://t.me/FastProfitsReport/466).
As I indicated the break of 35,000 or 37,500 will the breakout from the canals, it opened today at ~37,800 and rallied higher forming the bullish runaway gap confirmed by the short covering rally to 38,700+ levels.
The runaway gap is followed by an island reversal (red parallel lines on chart) signaling the bullish tone for the April series.
As per Seasonality analysis, April is the best month for Bank Nifty with 75% strike rate on bullish close in the last 16yrs with an average gains of 4.99%.
The minor hurdle is placed at previous highs of ~39,500.
Summing up the structure, Bank Nifty is ready to head higher with runaway gap & bullish April data.
#KeepItSimple
Its the Banking & Financial Serv day as they rally over 3%; thanks to the HDFC Ltd and HDFC Bank merger news which triggered over 10% rally in the stocks.
Technically, Bank Nifty was trading between the canals as I highlighted it in my Telegram post on 25th March 2022 (https://t.me/FastProfitsReport/466).
As I indicated the break of 35,000 or 37,500 will the breakout from the canals, it opened today at ~37,800 and rallied higher forming the bullish runaway gap confirmed by the short covering rally to 38,700+ levels.
The runaway gap is followed by an island reversal (red parallel lines on chart) signaling the bullish tone for the April series.
As per Seasonality analysis, April is the best month for Bank Nifty with 75% strike rate on bullish close in the last 16yrs with an average gains of 4.99%.
The minor hurdle is placed at previous highs of ~39,500.
Summing up the structure, Bank Nifty is ready to head higher with runaway gap & bullish April data.
#KeepItSimple
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Buy Bitcoin – Sell Gold – Trading Opportunity
Gold was the flavor of Q12022 as US inflation saw an uptick followed by Russia-Ukraine war news.
Gold prices rallied from $1,800 to the high of $2,078 in COMEX futures. At the same time, Bitcoin and Equity markets have corrected and reversed indicating the worst is over.
The comparison chart of Bitcoin Futures and Gold Futures (right chart) indicates the gold may lose its shine over Bitcoin. The slope of Gold prices is in a negative biased while an inverse price action on Bitcoin.
The daily chart of Bitcoin Futures (left) has just broken out from the bullish pattern called double bottom. The prices broke above the neckline at $45,000 mark, retest and resumed its bullish momentum.
What is more convincing for me is the double bottom breakout is right at 62 trading days which is the Fibonacci time-cycle breakout too.
Additionally, it is now trading above its long-term 200DEMA multiplying our stance on Bitcoin over Gold.
#KeepItSimple
Gold was the flavor of Q12022 as US inflation saw an uptick followed by Russia-Ukraine war news.
Gold prices rallied from $1,800 to the high of $2,078 in COMEX futures. At the same time, Bitcoin and Equity markets have corrected and reversed indicating the worst is over.
The comparison chart of Bitcoin Futures and Gold Futures (right chart) indicates the gold may lose its shine over Bitcoin. The slope of Gold prices is in a negative biased while an inverse price action on Bitcoin.
The daily chart of Bitcoin Futures (left) has just broken out from the bullish pattern called double bottom. The prices broke above the neckline at $45,000 mark, retest and resumed its bullish momentum.
What is more convincing for me is the double bottom breakout is right at 62 trading days which is the Fibonacci time-cycle breakout too.
Additionally, it is now trading above its long-term 200DEMA multiplying our stance on Bitcoin over Gold.
#KeepItSimple
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The D-street witness profit booking in blue-chip stocks as Nifty ends at 17,957 losing 0.53%.
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
The flavor of cash stocks is back on D-street as Midcap and Smallcap index gains 1.4% and 0.85% respectively.
Bearish Black Swan harmonic reversal pattern is visible on short-term chart of Nifty. The reversal is supported by overbought Relative Strength Index (RSI). The test of 17,794-17,737 zone can be on cards this week.
Bitcoin can be an excellent trading opportunity as it breaks out of double bottom pattern. Read my note here https://t.me/FastProfitsReport/485
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Bank Nifty @ Demand Zone
After the gap-up opening on Monday on the back of HDFC twins, index broke out of the canals with gap.
The gapping play pattern has been retested in today's dip at ~37,500 levels. The gapping play pattern is the candlestick pattern with large body candle after the gap-up opening.
As market is trending bullish, the support will be the demand zone at 37,500-37,600 levels.
The slope of 50HEMA is in the northwards momentum strengthening the bulls.
Stochastic, the momentum indicator has moved into the oversold territory while price at support is an opportunity for bulls.
Traders can grab this opportunity and expect resumption in an upward momentum.
#KeepItSimple
After the gap-up opening on Monday on the back of HDFC twins, index broke out of the canals with gap.
The gapping play pattern has been retested in today's dip at ~37,500 levels. The gapping play pattern is the candlestick pattern with large body candle after the gap-up opening.
As market is trending bullish, the support will be the demand zone at 37,500-37,600 levels.
The slope of 50HEMA is in the northwards momentum strengthening the bulls.
Stochastic, the momentum indicator has moved into the oversold territory while price at support is an opportunity for bulls.
Traders can grab this opportunity and expect resumption in an upward momentum.
#KeepItSimple
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Nifty slips below 17,800 to retest the breakout level and gap area; ends at 17,807 losing 0.83%.
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
As I highlighted in the yesterday’s closing note, the bearish harmonic pattern suggested the test of 17,794-17.737 zone.
Index is likely to take the support at gap area and resume it bullish momentum towards 18,000 levels.
Bank Nifty has retested the gapping play pattern and bullish momentum might resume soon. Watch chart here https://t.me/FastProfitsReport/488
Brijesh Bhatia
Research Analyst, Fast Profit Report
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