A breather or an end for bears?
Nifty traded in a range of 200pts after the sell-off yesterday as it trades at a major support zone of 15,400-15,700 zone; ends the day at 15,732 losing 0.27%.
The bulls are managing to hold the support area as tug-of-war was witnessed in today’s session on breach of previous swing low of 15,671 to hit the new low at 15,659 on Nifty.
Market breadth across major benchmark indices was 1:1 today after 1:9 in bears favor yesterday.
Index is likely to consolidate and form the base in the zone of 15,400-15,700. The next leg of sell-off can be expected only on a close below 15,400.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Nifty traded in a range of 200pts after the sell-off yesterday as it trades at a major support zone of 15,400-15,700 zone; ends the day at 15,732 losing 0.27%.
The bulls are managing to hold the support area as tug-of-war was witnessed in today’s session on breach of previous swing low of 15,671 to hit the new low at 15,659 on Nifty.
Market breadth across major benchmark indices was 1:1 today after 1:9 in bears favor yesterday.
Index is likely to consolidate and form the base in the zone of 15,400-15,700. The next leg of sell-off can be expected only on a close below 15,400.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍31❤2
Forwarded from Equitymaster
Given the sell off in the market, I am...
Final Results
33%
Sitting on sidelines, waiting for lower levels
51%
Starting to invest in beaten down but fundamentally strong stocks
16%
Going all in as I believe the market is near the bottom
👍1
Nifty - The heebie-jeebies
Nifty has corrected over 5% in the first half of June after the 3% correction in May 2022.
Index is trading at 46 weeks low but the fear on D-street is at an extreme level.
On monthly chart, the price action has given the heebie-jeebies to bulls as the fear has hit the new historical high (so far). The recovery in second half of the month may change the fear level on closing basis.
The Ram Vanvas
As per Hindu mythology, Shri Ram had gone to Vanvas for 14 years. On similar line, index broke out of 14yrs trendline and comfortably trending above the breakout levels.
In recent fall, the breakout retest is on cards which will be an opportunity for bulls.
Historically, the retest of trendline breakout and retest has proved positive.
With an extreme fear and price trending bullish at support area, its time to be pessimistic and start accumulating the best stocks in phased manner.
यस्य कृत्यं न विघ्नन्ति शीतमुष्णं भयं रति ।
समृध्दिरसमृद्धिर्वा स वै पण्डित उच्यते ॥
#KeepItSimple
Nifty has corrected over 5% in the first half of June after the 3% correction in May 2022.
Index is trading at 46 weeks low but the fear on D-street is at an extreme level.
On monthly chart, the price action has given the heebie-jeebies to bulls as the fear has hit the new historical high (so far). The recovery in second half of the month may change the fear level on closing basis.
The Ram Vanvas
As per Hindu mythology, Shri Ram had gone to Vanvas for 14 years. On similar line, index broke out of 14yrs trendline and comfortably trending above the breakout levels.
In recent fall, the breakout retest is on cards which will be an opportunity for bulls.
Historically, the retest of trendline breakout and retest has proved positive.
With an extreme fear and price trending bullish at support area, its time to be pessimistic and start accumulating the best stocks in phased manner.
यस्य कृत्यं न विघ्नन्ति शीतमुष्णं भयं रति ।
समृध्दिरसमृद्धिर्वा स वै पण्डित उच्यते ॥
#KeepItSimple
👍38❤4
👍10
“Compounding has a snowball effect. It is just a tiny ball of snow at the very start, but it can turn into an avalanche over time.”
― Naved Abdali
Watch Ramesh Damani as he shares his knowledge on Compounding, Making Rs.100crs.
#corecompetence
#investing
#compounding
https://www.youtube.com/watch?v=IUILIK74fxY
― Naved Abdali
Watch Ramesh Damani as he shares his knowledge on Compounding, Making Rs.100crs.
#corecompetence
#investing
#compounding
https://www.youtube.com/watch?v=IUILIK74fxY
YouTube
Ramesh Damani on Compounding, Making Rs 100 Crores, Next Stock Market Leaders | Ramesh Damani
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/i7D9C
Investors like Ramesh Damani are hard to come by.
Arguably one of the most successful investors in India, he remains disappointed that he has not done even better.…
Investors like Ramesh Damani are hard to come by.
Arguably one of the most successful investors in India, he remains disappointed that he has not done even better.…
👍10❤1
Fast Profits Daily - This is how Gold Performs when Inflation is High
Is gold the best hedge against inflation? Find out...
http://www.eqtm.in/c2C5E
Is gold the best hedge against inflation? Find out...
http://www.eqtm.in/c2C5E
Forwarded from Equitymaster
Given the sell off in the markets, I am starting to invest in... (Select one or more)
Final Results
49%
Bluechip / Largecap stocks
23%
Midcap stocks
16%
Smallcap stocks
5%
Penny stocks
32%
I am not investing at this moment
👍20❤3
SmallCap Index - At Long-Term Support
Equity markets are on a selling sphere as US inflation is on rising streak hitting 40years high of 8.60%.
Russell 2000, the US Small Cap index corrected over 30% from the highs, so is our Nifty Small Cap index.
The Bear Market
As per market analogy, the fall of 20% is considered as bear market scenario.
Small cap index correcting over 30% is a sign of bearish market. But....
The Confluence of Support
Nifty Small Cap index is trading at the confluence of long-term support.
1. Historically, the 200WEMA (Weekly Exponential Moving Average) have been the deciding factor for the trend. The average is placed at 8,062 and index took support at average this week (Low - 8,149).
2. The rising trendline support is placed at 7,950 below the 200WEMA.
The levels of 7,950-8,062 will act as major support zone for bulls. The pattern would negate on a weekly close below the support zone.
(CMP-8,250)
#KeepItSimple
Equity markets are on a selling sphere as US inflation is on rising streak hitting 40years high of 8.60%.
Russell 2000, the US Small Cap index corrected over 30% from the highs, so is our Nifty Small Cap index.
The Bear Market
As per market analogy, the fall of 20% is considered as bear market scenario.
Small cap index correcting over 30% is a sign of bearish market. But....
The Confluence of Support
Nifty Small Cap index is trading at the confluence of long-term support.
1. Historically, the 200WEMA (Weekly Exponential Moving Average) have been the deciding factor for the trend. The average is placed at 8,062 and index took support at average this week (Low - 8,149).
2. The rising trendline support is placed at 7,950 below the 200WEMA.
The levels of 7,950-8,062 will act as major support zone for bulls. The pattern would negate on a weekly close below the support zone.
(CMP-8,250)
#KeepItSimple
👍21❤7
Sensex @ Long-term Technical Support
Sensex is trending at the long-term support of the rising trendline. From the high of 20,959 in 2008, if we draw a trendline connecting the highs, the support is placed around 49,000-50,000 levels.
Additionally, 100WEMA plays a key role for investors which is placed at 51,883. Considering a +/-2% deviation from the average, it coincides with the trendline support.
Since 2008, whenever prices tested or hovered around the 100WEMA, it has offered an opportunity to investors.
In the lower panel, the Relative Strength Index (RSI) is trending the oversold zone of 30. Apart from 2008 and 2020, the financial crisis and the pandemic, where the RSI has slipped below 20, the 30-35 zone has been an excellent opportunity for the bulls.
As the Sensex is trading around 51,300 levels around the trendline, I believe the ongoing correction might end between 49,000-51,000, where we are looking at the multiple supports.
(CMP-51,300)
#Sensex
#KeepItSimple
Sensex is trending at the long-term support of the rising trendline. From the high of 20,959 in 2008, if we draw a trendline connecting the highs, the support is placed around 49,000-50,000 levels.
Additionally, 100WEMA plays a key role for investors which is placed at 51,883. Considering a +/-2% deviation from the average, it coincides with the trendline support.
Since 2008, whenever prices tested or hovered around the 100WEMA, it has offered an opportunity to investors.
In the lower panel, the Relative Strength Index (RSI) is trending the oversold zone of 30. Apart from 2008 and 2020, the financial crisis and the pandemic, where the RSI has slipped below 20, the 30-35 zone has been an excellent opportunity for the bulls.
As the Sensex is trading around 51,300 levels around the trendline, I believe the ongoing correction might end between 49,000-51,000, where we are looking at the multiple supports.
(CMP-51,300)
#Sensex
#KeepItSimple
👍29❤1
The last hour recovery on D-street ends the Nifty in green at 15,350 gaining 0.37%.
FMCG (+1.80%) & Financial Services (+0.96%) leads the day while Metals (-3.90%) & Media (-2.6%) were laggards in the sectorial indices for the day.
Dow Jones and Sensex are trading at long-term support zone and market correction seems coming to an end as extreme fear leads to buying opportunity. Watch the chart structure here https://www.youtube.com/watch?v=X8---OYYdvI&t=8s
Brijesh Bhatia
Research Analyst, Fast Profit Report
FMCG (+1.80%) & Financial Services (+0.96%) leads the day while Metals (-3.90%) & Media (-2.6%) were laggards in the sectorial indices for the day.
Dow Jones and Sensex are trading at long-term support zone and market correction seems coming to an end as extreme fear leads to buying opportunity. Watch the chart structure here https://www.youtube.com/watch?v=X8---OYYdvI&t=8s
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍17
Nifty Realty Index - At demand zone
Realty index broke out of 10years consolidation in July'21 at 370 and hit the high of 560 in Nov'21.
As market corrects, realty index is down by ~35% in last 7mnths.
Should you buy the dip?
Index @ demand zone
The 10yrs consolidation breakout is retested at 370 giving investors an opportunity to accumulate the best outperforming stocks.
The black parallel lines on weekly chart above indicates the demand zone of 350-370 with the 50% Fibonacci retracement level from the low of 160 to high of 560 is placed at 360.
RSI in the lower panel is approaching the buying level as price action is at strong support zone.
Technically, the retest of breakout offers an excellent low risk - high reward trade setup. Investors should grab this opportunity in Realty stocks.
(CMP-373)
Nifty Realty Index Components:
Brigade Enterprises
DLF
Godrej Properties
Indiabulls RE
Macrotech Developers
Oberoi Realty
Prestige Estates
Sobha Developers
Sunteck Realty
The Phoenix Mills
#KeepItSimple
Realty index broke out of 10years consolidation in July'21 at 370 and hit the high of 560 in Nov'21.
As market corrects, realty index is down by ~35% in last 7mnths.
Should you buy the dip?
Index @ demand zone
The 10yrs consolidation breakout is retested at 370 giving investors an opportunity to accumulate the best outperforming stocks.
The black parallel lines on weekly chart above indicates the demand zone of 350-370 with the 50% Fibonacci retracement level from the low of 160 to high of 560 is placed at 360.
RSI in the lower panel is approaching the buying level as price action is at strong support zone.
Technically, the retest of breakout offers an excellent low risk - high reward trade setup. Investors should grab this opportunity in Realty stocks.
(CMP-373)
Nifty Realty Index Components:
Brigade Enterprises
DLF
Godrej Properties
Indiabulls RE
Macrotech Developers
Oberoi Realty
Prestige Estates
Sobha Developers
Sunteck Realty
The Phoenix Mills
#KeepItSimple
👍23❤13
Fast Profits Daily
Sensex @ Long-term Technical Support Sensex is trending at the long-term support of the rising trendline. From the high of 20,959 in 2008, if we draw a trendline connecting the highs, the support is placed around 49,000-50,000 levels. Additionally, 100WEMA…
Sensex - Heading higher 📈
As I highlighted Sensex is trending at long-term support area and market correction may end, bulls are respecting the levels.
Sensex reclaims 52,500 levels from the low of ~51,000. On Friday I did a video indicating the buying opportunity. Watch video here https://www.youtube.com/watch?v=X8---OYYdvI&t=1s
Dow Jones is also trading at the crucial support zone. After the long-weekend, US markets will open today. At 1pm IST, DJIA Futures is trading at 30,340 (+1.58%).
#KeepItSimple
As I highlighted Sensex is trending at long-term support area and market correction may end, bulls are respecting the levels.
Sensex reclaims 52,500 levels from the low of ~51,000. On Friday I did a video indicating the buying opportunity. Watch video here https://www.youtube.com/watch?v=X8---OYYdvI&t=1s
Dow Jones is also trading at the crucial support zone. After the long-weekend, US markets will open today. At 1pm IST, DJIA Futures is trading at 30,340 (+1.58%).
#KeepItSimple
YouTube
Is the Market Correction Over? | Dow Jones | Sensex
Discover: The 5-Minute Blueprint for Becoming a ONE STOCK CROREPATI: http://www.eqtm.in/Wn5r8
In this video I’ll show you why I think the market correction could be coming to an end.
The stock market correction has been severe. Fear on the street is at…
In this video I’ll show you why I think the market correction could be coming to an end.
The stock market correction has been severe. Fear on the street is at…
👍14
Fast Profits Daily - HAL - Hold or Sell
Should you sell or hold the stock of HAL? Find out...
http://www.eqtm.in/g2HPo
Should you sell or hold the stock of HAL? Find out...
http://www.eqtm.in/g2HPo
👍8
Nifty - Bears are in control of Short-term trend
Nifty has corrected over 8% (low of 15,183) in the June 2022, the biggest fall since March 2020 and trending at the long-term support area of 14,900-15,200.
I did a video on Dow Jones and Sensex long-term technical levels. Watch here https://www.youtube.com/watch?v=X8---OYYdvI
Short-term Technical Setup
On short-term chart, index has broken down from bearish cup and handle pattern at 15,700 and hit the low of 15,183.
The bullish momentum of 1.9% yesterday retested the breakdown and opened on a negative note in today's session indicating the bears are in control of short-term trend.
The gap area (green box) is an icing on cake for bears and hurdle for bulls.
Traders should look for short opportunities on rise until 15,800-15,900 band is not crossed.
Additionally, the gap of 15,380-15,420 may act as support zone for intraday momentum.
The bulls need to cross the 15,800-15,900 as confirmation of reversal.
(CMP-15,475)
#Nifty
#KeepItSimple
Nifty has corrected over 8% (low of 15,183) in the June 2022, the biggest fall since March 2020 and trending at the long-term support area of 14,900-15,200.
I did a video on Dow Jones and Sensex long-term technical levels. Watch here https://www.youtube.com/watch?v=X8---OYYdvI
Short-term Technical Setup
On short-term chart, index has broken down from bearish cup and handle pattern at 15,700 and hit the low of 15,183.
The bullish momentum of 1.9% yesterday retested the breakdown and opened on a negative note in today's session indicating the bears are in control of short-term trend.
The gap area (green box) is an icing on cake for bears and hurdle for bulls.
Traders should look for short opportunities on rise until 15,800-15,900 band is not crossed.
Additionally, the gap of 15,380-15,420 may act as support zone for intraday momentum.
The bulls need to cross the 15,800-15,900 as confirmation of reversal.
(CMP-15,475)
#Nifty
#KeepItSimple
👍22❤1
Fast Profits Daily
Nifty - Bears are in control of Short-term trend Nifty has corrected over 8% (low of 15,183) in the June 2022, the biggest fall since March 2020 and trending at the long-term support area of 14,900-15,200. I did a video on Dow Jones and Sensex long-term…
Intraday gap of 15,380-15,420 held for the day on Nifty (low-15,385). The bearish momentum will extend if index breach 15,350 levels tomorrow, else it will continue to trade in the range of 15,350-15,700.
(CMP-15,450)
#Nifty
#KeepItSimple
(CMP-15,450)
#Nifty
#KeepItSimple
👍17
Should you buy Small-Cap stocks in Bearish Trend?
Buying the small -cap stocks in falling markets is the last thing an investor wish to do.
Small-Cap index had hit the ATH of 12,047 in Jan'22 and corrected over 30% from high. Whereas, the Nifty has corrected ~18%.
During the bearish momentum, the fear leads to more sell-off in smallcap stocks.
Small-cap index is trading at support area of trendline and moving average indicating the best investment opportunity. (Read here - https://t.me/FastProfitsReport/606)
Small Cap/Nifty50 Ratio Chart
The above is the ratio chart of SmallCap/Nifty50. The ratio going higher means Small Cap is outperforming against Nifty & vice versa.
The ratio broke out of iH&S in 2021 & I did a video. https://www.youtube.com/watch?v=1NvAKqSqvI4
The ratio has retested the breakout of iH&S indicating the best time to buy Small-Caps in the market correction.The bullish divergence on RSI signals reversal.
Investors should look for strong fundamental small-cap stocks.
#KeepItSimple
Buying the small -cap stocks in falling markets is the last thing an investor wish to do.
Small-Cap index had hit the ATH of 12,047 in Jan'22 and corrected over 30% from high. Whereas, the Nifty has corrected ~18%.
During the bearish momentum, the fear leads to more sell-off in smallcap stocks.
Small-cap index is trading at support area of trendline and moving average indicating the best investment opportunity. (Read here - https://t.me/FastProfitsReport/606)
Small Cap/Nifty50 Ratio Chart
The above is the ratio chart of SmallCap/Nifty50. The ratio going higher means Small Cap is outperforming against Nifty & vice versa.
The ratio broke out of iH&S in 2021 & I did a video. https://www.youtube.com/watch?v=1NvAKqSqvI4
The ratio has retested the breakout of iH&S indicating the best time to buy Small-Caps in the market correction.The bullish divergence on RSI signals reversal.
Investors should look for strong fundamental small-cap stocks.
#KeepItSimple
👍15❤2
The short-lived bulls lost the momentum to bears on D-street; Nifty lost 1.44% to settle at 15,413.
The cup and handle breakdown, retest and resumption in bearish momentum indicates the bears are in control of momentum. Refer chart here https://t.me/FastProfitsReport/613
Small-cap index is trending at the long-term support area while the ratio chart of Smallcap/Nifty50 is trending at the retest of breakout level signaling it’s time to buy smallcap stocks. https://t.me/FastProfitsReport/615
Brijesh Bhatia
Research Analyst, Fast Profit Report
The cup and handle breakdown, retest and resumption in bearish momentum indicates the bears are in control of momentum. Refer chart here https://t.me/FastProfitsReport/613
Small-cap index is trending at the long-term support area while the ratio chart of Smallcap/Nifty50 is trending at the retest of breakout level signaling it’s time to buy smallcap stocks. https://t.me/FastProfitsReport/615
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍12❤3
Fast Profits Daily - Time to Invest in Real Estate Stocks
My charts indicate to me that realty stocks are a good buy at these levels.
http://www.eqtm.in/o4TPs
My charts indicate to me that realty stocks are a good buy at these levels.
http://www.eqtm.in/o4TPs
👍7
PNB - Is this the Bottom?
PNB is one of the underperforming stocks of the decade in PSU Bank Index. The stock is trading at 20yrs old level after hitting the high of 167 in 2010.
Will Investors ever make profits?
Investors hate stocks where they are unable to make profits and PNB is one such stock. I guess this time it may surprise.
Bottoming Structure
Technically, the stock falling with lower volumes marks the bottom.
In the recent fall from 48 to 28 since Oct'21, volumes are decreasing and that's what convinced me to share the chart.
During the rally in 2021, volumes witnessed an uptick, but the smart buyers are holding during the fall.
The demand zone created between 26-28 during pandemic held by bulls in the recent fall.
Bullish divergence on weekly RSI signals the reversal on cards.
The risk at current structure is an uptick in buying volumes yet. If we witness an increase in volumes for next few weeks, stock may form the long-term bottom between 25-30 zone.
(CMP-29.50)
#PNB
#KeepItSimple
PNB is one of the underperforming stocks of the decade in PSU Bank Index. The stock is trading at 20yrs old level after hitting the high of 167 in 2010.
Will Investors ever make profits?
Investors hate stocks where they are unable to make profits and PNB is one such stock. I guess this time it may surprise.
Bottoming Structure
Technically, the stock falling with lower volumes marks the bottom.
In the recent fall from 48 to 28 since Oct'21, volumes are decreasing and that's what convinced me to share the chart.
During the rally in 2021, volumes witnessed an uptick, but the smart buyers are holding during the fall.
The demand zone created between 26-28 during pandemic held by bulls in the recent fall.
Bullish divergence on weekly RSI signals the reversal on cards.
The risk at current structure is an uptick in buying volumes yet. If we witness an increase in volumes for next few weeks, stock may form the long-term bottom between 25-30 zone.
(CMP-29.50)
#PNB
#KeepItSimple
👍32❤3