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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
#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
👍25❤7
Fast Profits Daily
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
Banknifty underperforming- A day late but Bearish Harmonic pattern playing its role.
❤8👍6
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
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
👍19
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
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
👍10❤2
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
Looking for a contrarian long-term investment? Your search ends here...
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👍6
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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 - 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
👍20❤10
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
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
👍25❤2
Fast Profits Daily
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…
Bulls are trying hard to hold 15850....
Come on Bulls...Lets take it to 16400 📈
Come on Bulls...Lets take it to 16400 📈
👍39❤12
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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:
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
👍35❤6
Fast Profits Daily
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…
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
Can we hit 16,400 next week?
What is your view?
Hit 👍🏻 if your view is Bullish
Hit ❤️ if your view is Bearish
👍239❤84
Forwarded from Equitymaster
If you were investing in a stock purely based on the management quality, which group's company would you select...
Final Results
5%
Adani
5%
Ambani
6%
Bajaj
2%
Godrej
13%
HDFC
6%
Mahindra
61%
Tata
2%
Others
👍32❤7
Forwarded from Equitymaster
If you were investing in a stock purely based on "management that can get things done", which group's company would you select...
Final Results
9%
Adani
9%
Ambani
3%
Bajaj
2%
Godrej
10%
HDFC
4%
Mahindra
61%
Tata
2%
Others
👍20
Confused between Large-Caps & Mid-Caps Investments? 📈
Here is the answer
https://www.youtube.com/watch?v=mliN8BhfM-o&t=13s
Here is the answer
https://www.youtube.com/watch?v=mliN8BhfM-o&t=13s
YouTube
Invest in these Midcap Stocks | Midcap vs Nifty | Outperformance vs Underperformance
Sign up to Equitymaster's free daily newsletter, The Profit Hunter and get access to Multibagger Stocks Idea (2022 Edition) Guide on picking money-making stocks FREE. https://bit.ly/3JwTgU7
I’ve picked the best midcap stocks for your watchlist. Check out…
I’ve picked the best midcap stocks for your watchlist. Check out…
👍9
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Daily Market Analysis -18th July 2022
Nifty
1. Rising Channel
2. Gap support
3. 200EMA (30mins) support
4. Bullish Head & Shoulder
5. 200DEMA resistance area
BankNifty
1. Bullish setup
2. 200EMA (30mins)
Have a Profitable Day 📈
#KeepItSimple
#DailyMarketAnalysis
Nifty
1. Rising Channel
2. Gap support
3. 200EMA (30mins) support
4. Bullish Head & Shoulder
5. 200DEMA resistance area
BankNifty
1. Bullish setup
2. 200EMA (30mins)
Have a Profitable Day 📈
#KeepItSimple
#DailyMarketAnalysis
👍21
Fast Profits Daily
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
Nifty 15,850-15,900 support zone to 16,200+ 📈
More couple of centuries like Rishabh Pant did yesterday and we will hit the target 🏏
More couple of centuries like Rishabh Pant did yesterday and we will hit the target 🏏
👍25❤10
The bulls cheer on D-street as Nifty gains 1.43% to close at 16,278.
Index reverse from the support of rising channel, gap area and 200EMA (30mins) at 15,850-15,900. Watch chart here https://t.me/FastProfitsReport/668
Bank Nifty too reverse from the key support area and 200EMA (30mins) strengthening the bullish scenario.
The short covering rally in IT indicates short-term bottom in place.
Brijesh Bhatia
Research Analyst, Fast Profit Report
Index reverse from the support of rising channel, gap area and 200EMA (30mins) at 15,850-15,900. Watch chart here https://t.me/FastProfitsReport/668
Bank Nifty too reverse from the key support area and 200EMA (30mins) strengthening the bullish scenario.
The short covering rally in IT indicates short-term bottom in place.
Brijesh Bhatia
Research Analyst, Fast Profit Report
👍16❤3