Planning to Invest in Auto Stocks?
Read this https://www.equitymaster.com/profit-hunter/detail.asp?date=06/23/2022&story=1&title=Auto-Stocks-are-in-the-Fast-Lane-Is-it-Time-to-Buy&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=top-ad-title
Read this https://www.equitymaster.com/profit-hunter/detail.asp?date=06/23/2022&story=1&title=Auto-Stocks-are-in-the-Fast-Lane-Is-it-Time-to-Buy&utm_source=homepage&utm_medium=website&utm_campaign=top-articles&utm_content=top-ad-title
Equitymaster
Auto Stocks are in the Fast Lane. Is it Time to Buy? - Profit Hunter by Equitymaster
The auto index is outperforming the Nifty by a mile. Have auto stocks finally bottomed out?
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Fast Profits Daily
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
Media is too big
VIEW IN TELEGRAM
Markets between 15,350-15,700 😊
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Forwarded from Equitymaster
I am delighted to share a super special episode of the Investor Hour podcast.
My guest?
Ajit Dayal, Founder Quantum Mutual Fund and Equitymaster.
Do watch the podcast on YouTube here...
In the first part of this two-part episode, we talk about Ajit’s journey from the race-tracks in Mumbai to becoming a global value fund manager.
It's unmissable! Watch it now here...
In case you missed my earlier episodes...
Saurabh Mukherjea
Ramesh Damani
Vivek Kaul
In case you missed all these...
Watch them all!
Warm regards
My guest?
Ajit Dayal, Founder Quantum Mutual Fund and Equitymaster.
Do watch the podcast on YouTube here...
In the first part of this two-part episode, we talk about Ajit’s journey from the race-tracks in Mumbai to becoming a global value fund manager.
It's unmissable! Watch it now here...
In case you missed my earlier episodes...
Saurabh Mukherjea
Ramesh Damani
Vivek Kaul
In case you missed all these...
Watch them all!
Warm regards
YouTube
Ajit Dayal on Asset Allocation and Making Better Investment Decisions | Ajit Dayal | Investor Hour
Get free access to our latest research idea instantly. Visit: http://www.eqtm.in/i7D9C
Ajit Dayal is an entrepreneur like no other.
His endeavours range from writing comic books to setting up India’s first direct-to-investor mutual fund.
At heart he…
Ajit Dayal is an entrepreneur like no other.
His endeavours range from writing comic books to setting up India’s first direct-to-investor mutual fund.
At heart he…
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Bank Nifty - Bulls losing the Momentum
Equities markets witness the reversal last week as Nifty gains 2.65%. Bank Nifty gained 2.70% last week and this week opened with the bullish gap.
The gap-up faded in an hour and index closed down by 336points from high yesterday.
Short-term hurdle
The gap-up opening resisted at 200HEMA (Hourly Exponential Moving Average) placed at 34,123.
Technically, the 200HEMA acts as a major support and resistance for short-term traders.
The reversal from average is the sign of bulls losing the momentum and offers an opportunity for bears.
The Bearish Gap
The gap-down opening of over 2%(33,750-34,500) on 13th June 2022 will act as a major hurdle for bulls.
Bulls needs the close above 34,500 to confirm the medium-term trend reversal.
As a traders, the rise towards 33,800-34,000 might be an opportunity for shorts until index closes above 34,500.
(CMP-33,650)
#BankNifty
#KeepItSimple
Equities markets witness the reversal last week as Nifty gains 2.65%. Bank Nifty gained 2.70% last week and this week opened with the bullish gap.
The gap-up faded in an hour and index closed down by 336points from high yesterday.
Short-term hurdle
The gap-up opening resisted at 200HEMA (Hourly Exponential Moving Average) placed at 34,123.
Technically, the 200HEMA acts as a major support and resistance for short-term traders.
The reversal from average is the sign of bulls losing the momentum and offers an opportunity for bears.
The Bearish Gap
The gap-down opening of over 2%(33,750-34,500) on 13th June 2022 will act as a major hurdle for bulls.
Bulls needs the close above 34,500 to confirm the medium-term trend reversal.
As a traders, the rise towards 33,800-34,000 might be an opportunity for shorts until index closes above 34,500.
(CMP-33,650)
#BankNifty
#KeepItSimple
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In this Market Dip - I will buy
Anonymous Poll
36%
Large-Cap Stocks
15%
Mid-Cap Stocks
16%
Small & Micro-Cap Stocks
33%
I will wait for more Correction
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It been the Option writers day as it was the lackluster day on D-street; Nifty ends at 15,850 gaining 0.11%.
Index is trading at the crucial resistance of gap placed at 15,886 and 21DEMA (Daily Exponential Moving Average) placed at 15,876.
The narrow Bollinger Band (BB) on short-term chart indicates and expansion moves on cards; the range of 15,700-15,935 will be trend decider for traders.
Bank Nifty is also trading at the multiple technical resistance level. Read here www.eqtm.in/Xa6n3
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trading at the crucial resistance of gap placed at 15,886 and 21DEMA (Daily Exponential Moving Average) placed at 15,876.
The narrow Bollinger Band (BB) on short-term chart indicates and expansion moves on cards; the range of 15,700-15,935 will be trend decider for traders.
Bank Nifty is also trading at the multiple technical resistance level. Read here www.eqtm.in/Xa6n3
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily - Should You Invest in Small-Cap Stocks?
Is this the right time to invest in small-cap stocks? Find out in this video…
http://www.eqtm.in/Qa56H
Is this the right time to invest in small-cap stocks? Find out in this video…
http://www.eqtm.in/Qa56H
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The calm before the storm in the expiry week as Nifty trades in the range of 15,700-15,900; ends at 15,799 losing 0.32%.
Index is trading at the crucial resistance of gap placed at 15,886 while Bank Nifty reversed testing the gap area.
The market breadth indicates the bullish momentum on the expiry day tomorrow. The bulls may lose the ground only on a break of 15,655.
As an investor, should you invest in Small-Cap stocks? Watch video here https://www.youtube.com/watch?v=rA1YHrUrF1Q&t=82s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index is trading at the crucial resistance of gap placed at 15,886 while Bank Nifty reversed testing the gap area.
The market breadth indicates the bullish momentum on the expiry day tomorrow. The bulls may lose the ground only on a break of 15,655.
As an investor, should you invest in Small-Cap stocks? Watch video here https://www.youtube.com/watch?v=rA1YHrUrF1Q&t=82s
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily
#DowJones #Sensex #FearGreed https://www.youtube.com/watch?v=X8---OYYdvI
Buying the Fear - Sentiments are changing from Extreme Fear towards End of Fear 📈
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The D-street ends in red for straight third month losing over 4.5%; Sensex and Nifty ends at 53018 and 15,780 respectively.
Since 2001, Nifty hasn’t closed in red for straight four months; can we have green close in July?
The long-term trend is bullish and index has reversed taking support in Sensex. Watch chart here https://www.youtube.com/watch?v=X8---OYYdvI&t=17s
Brijesh Bhatia
Research Analyst, Fast Profit Report
Since 2001, Nifty hasn’t closed in red for straight four months; can we have green close in July?
The long-term trend is bullish and index has reversed taking support in Sensex. Watch chart here https://www.youtube.com/watch?v=X8---OYYdvI&t=17s
Brijesh Bhatia
Research Analyst, Fast Profit Report
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Stock Market Update - SGX Nifty Trades Flat, Vedanta's Ambitious Semiconductor Dream, Maruti's Green Drive, and Top Buzzing Stocks Today
Top cues to track in today's stock market session.
http://www.eqtm.in/Sa9j4
Top cues to track in today's stock market session.
http://www.eqtm.in/Sa9j4
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Our CEO, Rahul Goel, has just posted his first ever voice note on Telegram.
It’s important that you hear what he has to say right away. There could be a possible implication on your existing subscriptions.
Listen right now…
It’s important that you hear what he has to say right away. There could be a possible implication on your existing subscriptions.
Listen right now…
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As promised by Rahul Goel, here is the link to know all about the biggest announcement ever at Equitymaster
http://www.eqtm.in/r3W5B
http://www.eqtm.in/r3W5B
Can depreciating Rupee trigger recovery in IT Stocks?
The Rupee has been depreciating against the US Dollar and trading at all-time low of 79.13.
Watch my technical view on USDINR here https://www.youtube.com/watch?v=xghwpA21V9M&t=7s
The rupee is likely to hit 80 sooner which will is beneficial for Indian IT sector.
IT sector has swift impact of rupee momentum against dollar.
Will History repeat?
Historically, the USDINR and IT index stocks go hand-in-hand, though sometimes there are divergence considering the equity market scenario but the long-term relationship stays together.
An abrupt bullish momentum in USDINR triggers an uptick in IT index which was witnessed in 2009 & 2012.
IT index is down by 28% in H12022 while depreciating rupee may trigger a recovery in IT index.
On weekly chart of IT index, the bullish harami candlestick pattern is visible in mid-June indicating the sign of reversal. The depreciating rupee may ignite the reversal for IT index.
(#USDINR-79, #NIFTYIT-28,100)
#KeepItSimple
The Rupee has been depreciating against the US Dollar and trading at all-time low of 79.13.
Watch my technical view on USDINR here https://www.youtube.com/watch?v=xghwpA21V9M&t=7s
The rupee is likely to hit 80 sooner which will is beneficial for Indian IT sector.
IT sector has swift impact of rupee momentum against dollar.
Will History repeat?
Historically, the USDINR and IT index stocks go hand-in-hand, though sometimes there are divergence considering the equity market scenario but the long-term relationship stays together.
An abrupt bullish momentum in USDINR triggers an uptick in IT index which was witnessed in 2009 & 2012.
IT index is down by 28% in H12022 while depreciating rupee may trigger a recovery in IT index.
On weekly chart of IT index, the bullish harami candlestick pattern is visible in mid-June indicating the sign of reversal. The depreciating rupee may ignite the reversal for IT index.
(#USDINR-79, #NIFTYIT-28,100)
#KeepItSimple
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Auto Index - On verge of multi-year breakout
Auto index has been outperforming against Nifty50 since the start of April 2022.
Auto index gains 12% against the loss of 9% for Nifty50 from March 2022 closing indicating the best sector to invest in the current market scenario.
If you are subscriber of our premium product Fast Profits Report, I have recommended couple of Auto stocks which are outperforming against the Nifty50.
The multiple highs of ~12,100 was hit in 2017 and 2021 respectively which is acting as hurdle.
Moving Average Convergence Divergence (MACD) indicates the momentum could surpass the resistance zone as the bullish crossover of averages around the integer lines is sign of strength in the trend.
As Auto index outperforms and benchmark index recovering, auto index may breakout towards the new all-time highs.
(CMP-11,850)
#AutoIndex
#KeepItSimple
Auto index has been outperforming against Nifty50 since the start of April 2022.
Auto index gains 12% against the loss of 9% for Nifty50 from March 2022 closing indicating the best sector to invest in the current market scenario.
If you are subscriber of our premium product Fast Profits Report, I have recommended couple of Auto stocks which are outperforming against the Nifty50.
The multiple highs of ~12,100 was hit in 2017 and 2021 respectively which is acting as hurdle.
Moving Average Convergence Divergence (MACD) indicates the momentum could surpass the resistance zone as the bullish crossover of averages around the integer lines is sign of strength in the trend.
As Auto index outperforms and benchmark index recovering, auto index may breakout towards the new all-time highs.
(CMP-11,850)
#AutoIndex
#KeepItSimple
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Dear Fast Profits Report Subscriber,
The Russia-Ukraine war is odd. It has lasted 4 months already and shows no sign of winding down.
This is very contrary to the kind of wars we have seen in recent decades, which start and end far quicker.
Having said that, there's a fair chance that going forward, Russia-Ukraine like situations may be the norm, rather than exception.
Now, I don't mean in terms of an actual war...but perhaps in terms of a prolonged threat of war.
But what does all this have to do with you and me dear reader? Will the aftermath of Russia Ukraine war continue to affect us?
How will we make the most of this situation and profit from any opportunity that arises?
I answer all these questions in our premium product Fast Profit Reports released today and take you through a brand new recommendation. This company stands to gain big from the war and outperformance of energy index.
Subscriber, you have received report in your mailbox. Incase you haven't, kindly login in your account on www.equitymaster.com to read our premium report.
The Russia-Ukraine war is odd. It has lasted 4 months already and shows no sign of winding down.
This is very contrary to the kind of wars we have seen in recent decades, which start and end far quicker.
Having said that, there's a fair chance that going forward, Russia-Ukraine like situations may be the norm, rather than exception.
Now, I don't mean in terms of an actual war...but perhaps in terms of a prolonged threat of war.
But what does all this have to do with you and me dear reader? Will the aftermath of Russia Ukraine war continue to affect us?
How will we make the most of this situation and profit from any opportunity that arises?
I answer all these questions in our premium product Fast Profit Reports released today and take you through a brand new recommendation. This company stands to gain big from the war and outperformance of energy index.
Subscriber, you have received report in your mailbox. Incase you haven't, kindly login in your account on www.equitymaster.com to read our premium report.
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Something's cooking in Tyre Stocks
Tyre stocks are forming the base since December 2021, and it seems something is cooking looking at the technical structure.
We created an Equal Weighted Tyre Index (EQTI) to analyse the trend and performance of tyre stocks.
Do you know?
Tyre stocks are outperforming against the broader market index Nifty 500 since April 2022.
Technical Structure:
The probable bullish head & shoulder pattern (marked blue) is forming on daily chart with the current leg as right shoulder.
What caught my eyes was the bullish pennant breakout (black) with volumes triggers an upward momentum.
As tyre is commodity driven sector, commodity prices have corrected over 20% which is bullish for tyre companies.
Traders & investors should look for opportunities in the tyre stocks.
#TyreStocks
#KeepItSimple
Tyre stocks are forming the base since December 2021, and it seems something is cooking looking at the technical structure.
We created an Equal Weighted Tyre Index (EQTI) to analyse the trend and performance of tyre stocks.
Do you know?
Tyre stocks are outperforming against the broader market index Nifty 500 since April 2022.
Technical Structure:
The probable bullish head & shoulder pattern (marked blue) is forming on daily chart with the current leg as right shoulder.
What caught my eyes was the bullish pennant breakout (black) with volumes triggers an upward momentum.
As tyre is commodity driven sector, commodity prices have corrected over 20% which is bullish for tyre companies.
Traders & investors should look for opportunities in the tyre stocks.
#TyreStocks
#KeepItSimple
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#Nifty - Trendline breakout....But 🤨
July has been the month of bulls so far and breaking the chain of bearish momentum in May and June.
Since 2001, Nifty hasn’t closed in red for straight four months; can we have green close in July?
The technical breakout
Nifty has reversed from the lows of 15,183 and trading above the key psychological level of 16,000.
On daily chart, index has broken out of 3months falling trendline with the gap in today's session.
But.........
It resists at the short-term 50DEMA for over 2months which is placed at 16,148.
Why 50DEMA is important?
Index is trading below the Death Cross and 50DEMA will act as hurdle for bulls.
Additionally, gap high of 16,172 needs to be taken out with strength.
The bullish range-shift on RSI is something in favours of bulls if we close above 16,100 today.
(CMP-16110)
#KeepItSimple
July has been the month of bulls so far and breaking the chain of bearish momentum in May and June.
Since 2001, Nifty hasn’t closed in red for straight four months; can we have green close in July?
The technical breakout
Nifty has reversed from the lows of 15,183 and trading above the key psychological level of 16,000.
On daily chart, index has broken out of 3months falling trendline with the gap in today's session.
But.........
It resists at the short-term 50DEMA for over 2months which is placed at 16,148.
Why 50DEMA is important?
Index is trading below the Death Cross and 50DEMA will act as hurdle for bulls.
Additionally, gap high of 16,172 needs to be taken out with strength.
The bullish range-shift on RSI is something in favours of bulls if we close above 16,100 today.
(CMP-16110)
#KeepItSimple
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