What are your thoughts on this Index?

👍🏻 for Bullish
❤️ for Bearish

A tug war between Bulls and Bears - Let’s see, Who wins 👍🏼

Daily Market Analysis - 25th July 2022

SGX Nifty Live @ 16,685

Discussed the chart setup of:

1. Nifty
2. Bank Nifty
3. IT Index

Have a Profitable Day 📈💰

https://www.youtube.com/watch?v=c2qH0Pv7WnY&t=90s

IT Index – Time to buy the dips

Index has corrected over 30% from its ATH of 39,446.

The IT giants like Infosys & TCS fell over 25% while Wipro & TechM corrected over 45%.

Have the fastest growing companies or long-term stocks story over for IT stocks?

Chart speaks…

On 19th July’22, I did a video on Short-term Bottom for IT index, Watch here

The reversal is playing well for bulls as the index forms the double bottom pattern on daily chart.

The bullish crossover of averages and histogram above integer line on MACD signals the bullish momentum.

The Hurdle…

The gap area of 28,500-29,000 along with 50DEMA which is placed at 28,653 is acting as hurdle for bulls.

The Infosys results declared on weekend and the stock opened couple of percent negative.

Technically, I believe the move above 29,000 in IT index can witness the rally towards 31,500-32,000 levels.
(CMP-28,100)

#KeepItSimple

The bulls are facing pressure at the previous swing high of 16,793; ends the day at 16,631 losing 0.53%.

Nifty dips to the low of 16,564 holding 200DEMA placed at 16,524.

The Evening Star candlestick pattern is visible on daily chart; confirmation below 16,550.

The advance-decline ratio was inclined towards bear as 31 stocks declined over 18 advances.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Daily Market Analysis - 26th July 2022

SGX Nifty Live @ 16,585

Discussed the chart setup of:

1. Nifty
2. Bank Nifty

Have a Profitable Day!

#Nifty #BankNifty #DailyMarketAnalysis #KeepItSimple

https://youtu.be/d0C3QF3igOo

Nifty Pharma Index Weekly Chart

What are thoughts?

👍🏻 for Bullish
👎🏻 for Bearish

I’ve explained this chart in detail and share my view on Pharma Index in the video above ☝️

Daily Market Analysis - 27th July 2022

SGX Nifty Live @ 16,470

Discussed the chart setup of:

1. Nifty
2. Bank Nifty
3. Auto Index

Have a Profitable Day!

#Nifty #BankNifty #AutoIndex #Expiryview

https://www.youtube.com/watch?v=OdEyhzCUNy4

Bank Nifty - Bullish Flag

Index on short-term chart (30mins) is trying to break above the Bullish Flag pattern.

The bullish flag pattern is continuous pattern. The rally is known as pole while the consolidation in the form of channel is know as flag.

The breakout of the bullish flag pattern is at 36,750 (Fut).

Traders can look to buy for intraday or a swing trade above 36,750 keeping the stop-loss of 36,250.

Targets can be the pole height as per pattern rules.

Constituents of Bank Nifty:
1. HDFC Bank
2. ICICI Bank
3. Axis Bank
4. Kotak Bank
5. SBI
6. Indus Ind Bank
7. BOB
8. AU Small Fin Bank
9. Bankdhan Bank
10. IDFC First Bank
11. PNB
12. Federal Bank

(CMP-36700)

#BankNifty #ExipryTrade
#KeepItSimple

Fast Profits Daily - Best Cement Stocks for Long-term Investment

In the past 10 years, the cement industry's performance has remained dormant. But I believe this is set to change.

http://www.eqtm.in/Sr8f3

Stock Market Update - Sensex Zooms 548 Points, Nifty Ends Near 16,650; IT & Pharma Stocks Witness Buying

Indian share markets end on a firm note. The Sensex closed up by 548 points while the Nifty inched higher by 158 points.

http://www.eqtm.in/k3Y2P

Daily Pre-Market Analysis - 28th July | Nifty | Bank Nifty | Expiry View

SGX Nifty Live @ 16,785

Discussed the chart setup of:

1. Nifty - Can we have 17,000 on screen
2. Bank Nifty - Bullish Flag
3. Capital Goods Index - Breaking Out

Have a Profitable Day 📈

#nifty #banknifty #capgoods #niftyanalysis #expirystrategy #intraday #stockmarket

https://youtu.be/s2JUpqvHpoE