Daily Market Analysis

SGX Nifty indicates the negative opening of ~100points.

Chart Pattern on Nifty:
1. Bearish Reciprocal AB=CD
2. Bearish AB=CD
3. Island reversal below 16,150
4. Gap area support
5. Bullish Cup & Handle breakout retest
6. Day traders - keep watch on 16,000-16,065 zone.

#HappyTrading
#KeepItSimple

Swapping horses in the midstream

It is said that "don't swap the horses in the midstream" but I believe it's time investors swap from Large-cap (Nifty50) to Mid-cap sector in India.

Mid-Cap underperformance of 35months against Nifty50 ended in Nov’20 and an outperformance phase began. Between Nov’20 to Dec’21, Midcap gained 82% while Nifty gained 52%.

Since start of 2022, Midcap witnessed selling pressure with loss of 9% over Nifty’s 7% at current price.

Time to buy Midcap over Nifty50

The ratio chart above highlights the history repeats itself as it is trending above the 200DEMA with the bullish range-shift on RSI.

Historically, an outperformance cycle of Midcap over Nifty lasts over 3years and this cycle is 2years young so far.

I believe till mid of 2023, Midcap outperformance may outlive.

#KeepItSimple

Daily Market Analysis

Nifty:
1. Bearish Reciprocal AB=CD
2. Bearish AB=CD
3. Gap
4. Bullish Cup & Handle
5. 16,000-16,065 is key support area for day traders

Bank Nifty:

1. Bearish Bat
2. 200DEMA resistance
3. 35,600-35,700 hurdle for Bulls

Happy Guru Purnima 🙏

Daily Market Analysis_13th July 2022

#Dow Jones
1. Confluence of Support
2. Support area @ 30,600-30,700

#Nifty
1. Bearish Harmonic
2. Bullish Cup & Hand
3. Gap area
4. Rejection @ 200EMA (2hrs chart)

#IT Index:
1. Bullish Harmonic
2. Oversold RSI

Have a Profitable Day.

#KeepItSimple

Banknifty underperforming- A day late but Bearish Harmonic pattern playing its role.

JSW Steel to lead Metals Index

Metals index corrected over 30% from the highs of 2022 as Commodities witness the sell-off.

Nifty Metals index was one of the most underperforming sector after the stellar rally in 2021.

In the recent recovery, the Metals index recovered over 10% and few of the metal’s company declared dividend and one such company is JSW Steel.

Outperformance of JSW Steel

In the market recovery, JSW Steel has outperformed against the Metal Index since June 2022 and the bullish momentum prolongs which can be witnessed on the chart (right chart).

On to the daily price chart of JSW Steel (left), the stock is heading higher and once the gap is taken out at 600, the momentum may accelerate which will lead Metals index higher.

JSW Steel weighs ~13% in the Metals Index.
(CMP-588)

#KeepItSimple

Nifty ends below 16,000 mark after forming multiple bearish pattern at 16,250; ends at 15,967 losing 0.57%.

The bullish cup & handle breakout retest is placed at 15,900-15,930 which will act as support for bulls.

Bullish range-shift on RSI indicates the momentum towards 16,450-16,500.

The bullish harmonic pattern is visible on daily chart of IT index at 26,600-26,700 which may take index higher.

Invest in these Midcap stocks as Midcap index is likely to outperform against Nifty. Watch video here https://www.youtube.com/watch?v=mliN8BhfM-o&t=1s

Brijesh Bhatia
Research Analyst, Fast Profit Report

Fast Profits Daily - My Contrarian Bet for this Decade

Looking for a contrarian long-term investment? Your search ends here...

http://www.eqtm.in/m4B2Z

Daily Market Analysis 14-07-2022

Nifty - Key Support @ 15,840-15,900
1. Trendline Retest
2. Bullish Cup & Handle
3. Rising Channel
4. Stochastic

Bank Nifty - 34,500-34,300
1. Gap area
2. Back in the channel

Have a Profitable Day.📈

#KeepItSimple

Nifty - At Confluence of Support

Slow and Steady wins the race is termed for bulls on D-street while the Bears moves are fast & furious.

The recent fall from 16,250 to 15,950 is slow and steady indicating the lack of strength in the bearish move.

Technical Structure

On short term chart (30mins) index is hovering at the confluence of support area.

1. 200EMA (orange)
2. Rising Channel (black)
3. Resistance turns Support at 15,885-15,930 (green)

If bulls manage to hold 15,850-15,930 range in the current momentum, traders can expect the reversal towards 16,400-16,450 levels by next week.

On daily scale, the structure of lower high is a cautious sign for bulls.

The momentum below 15,788 will confirm the lower top and bears may have an upper hand for second half of the month.
(CMP-15960)

#KeepItSimple

Bulls are trying hard to hold 15850....

Come on Bulls...Lets take it to 16400 📈

Daily Market Analysis 15-07-2022

Nifty:
1. Rising Channel
2. Gap support
3. 200EMA (30mins)
4. Bullish till holds 15,785

Bank Nifty:
1. Trendline Breakout
2. Re-test of trendline breakout (Futures)
3. Multiple gap-area
4. 200EMA (Hourly)

Have a Profitable Day 📈

#KeepItSimple

Nifty Close above 16,046 will be good for next week.

Can we hit 16,400 next week?

What is your view?

Hit 👍🏻 if your view is Bullish
Hit ❤️ if your view is Bearish

Confused between Large-Caps & Mid-Caps Investments? 📈


Here is the answer
https://www.youtube.com/watch?v=mliN8BhfM-o&t=13s