S&P500 - Bulls need to break 4,200

S&P500 (SPX) has reversed and gained ~12% from the low of 3,638 in the last 45days.

Index is trading at the make-or-break levels and bulls need to break this for the continuation of bullish trend.

Technical Pattern:

1. The bearish harmonic pattern
2. Support turns resistance at 4,145
3. 200DEMA resistance at 4,186
4. The 50% Fibonacci retracement is placed at 4,138

The multiple resistance for bull is between 4,100-4,200.

If bears can grab this opportunity, the test of 3,900 can be on cards.

The bulls need to pull their socks up to break 4,200 and rally towards 4,450 levels in August.

(CMP-4095)
#SPX #KeepItSimple

Daily Pre-Market Analysis - 3rd August | D-Street Outperforms Wall-Street | Nifty | S&P500 |

SGX Nifty Live @ 17,375

Discussed the chart setup of:

1. Nifty - Overbought RSI cannot stop the trend
2. S&P500 - At minor hurdle of technical patterns
3. Nifty Outperforming SPX and Dow Jones
4. Bank Nifty - Continue to hold Longs
5. Auto Index - Don't miss the rally

Have a Profitable Day! 📈💰

https://youtu.be/yINm-6KNRnw

Nifty - Lets go the distance

The twitter was full of overbought market yesterday as the momentum took pause and the Relative Strength Indicator (RSI), an oscillator to measure the strength crossed 75 marks, an overbought zone on daily chart.

Is Overbought RSI the sign of reversal?

If you believe so, you must watch this video Click here

I have highlighted the rally even when RSI moves into overbought zone.

On short-term chart, the RSI is hovering at 60 which is termed as bullish entry if it is in sync with daily chart.

Bang Bang! The bulls are having the gala time.

Hang on bulls, it’s a breather

Index is trading in the range of 17,200-17,400 since yesterday as the bulls are accumulating energy to go the distance towards 17,700.

Traders should look for longs on the break above 17,415.
(CMP-17315)

#Nifty #KeepItSimple

Fast Profits Daily - Penny Stocks for 2022

This is how I look for penny stocks.

http://www.eqtm.in/Kq9y4

#SPX bulls trying to break the resistance 🇺🇸

Daily Pre-Market Analysis - 4th August | Nifty | Bank Nifty | Expiry Day Options Strategy

SGX Nifty Live @ 17,500

Discussed the chart setup of:

1. Nifty - the Momentum Breakout
2. Bank Nifty - Candlestick Pattern - Buy ABOVE...
5. Energy Index - Trade of the Week

Have a Profitable Day! 📈💰

#nifty #banknifty #energyindex #KeepItSimple

https://youtu.be/QvJ28j9Jvgo

Daily Pre-Market Analysis - 5th August | Nifty | Bank Nifty | IT Index

SGX Nifty Live @ 17,450

Discussed the chart setup of:

1. Nifty - the broader range
2. Bank Nifty - Bearish Candlestick Pattern
5. IT Index - The base is in place

Have a Profitable Day! 📈💰

#nifty #banknifty #niftyanalysis #intraday #stockmarket #itindex

https://youtu.be/zup_5pWcUok

Kenneth Andrade on Building the Perfect Stock Portfolio

Most of us probably spend most of our time thinking about which stock could be a good bet.

And I think it would not be wrong to say that most spend hardly any time in actually "building a portfolio".

Well, if we knew that in the long run it's not only the individual picks that decide your overall portfolio performance but how you construct and manage your portfolio, you would allocate your time differently. Right?

My next guest on the Investor Hour - Kenneth Andrade, is a force to reckon with when it comes to building solid stock portfolios. And listening to him will help you kickstart your journey to building an even better portfolio of stocks for yourself.

Go ahead and watch the investor hour episode with Kenneth Andrade here...

Kenneth is the Founder & Chief Investment Officer at Oldbridge Capital Management Pvt. Ltd.

In case you missed our earlier episodes...be sure to watch these...

Marc Faber’s Amazing 50 Yr Investing Journey, His Take on Asset Allocation and on Modi's India

Saurabh Mukherjea on Investing, Life, Family and Fraud

Ramesh Damani on What Could Lead the Next Stock Market Rally

Ridham Desai on Long Term Investing and why he is Very Bullish on India

Happy learning!

Warm regards

Rahul

Daily Pre-Market Analysis - 8th August | Sector of the Week | Nifty | Bank Nifty

SGX Nifty Live @ 17,375

Watch out for:

1. Sector of the Week
2. Nifty - Levels for the week
3. Bank Nifty - The Calm before the Storm

Have a Profitable Day! 📈💰

#nifty #banknifty #PremarketAnalysis

https://youtu.be/YKdQIwbiSag

Nifty Pharma Index - Rejection @ 200DEMA

Watch video to know more.....

Daily Pre-Market Analysis - 10th August | Nifty | Bank Nifty | Golden Cross |

SGX Nifty Live @ 17,505

Watch out for:

1. Nifty - On verge of Golden Cross
2. Bank Nifty - The Bulls are ruling the trend
3. FMCG - Can be Sector of the Month

Have a Profitable Day! 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/_Kx6BBjObwo

Daily Pre-Market Analysis - 11th August | Nifty - Approaching Targets | Weekly Expiry View |

SGX Nifty Live @ 17,750

Watch out for:

1. Nifty - Approaching Targets
2. Bank Nifty - Can lead the rally
3. Capital Goods - Play with the trend

Have a Profitable Day!

#PreMarketAnalysis #KeepItSimple

https://youtu.be/nPL0pBFJxxk

Daily Pre-Market Analysis - 12th August | Bullish on Footwear Stocks | Nifty | Bank Nifty

SGX Nifty Live @ 17,680

Watch out for:

1. Nifty - Heikin Ashi indicates Trend is Friend but at a major hurdle
2. Bank Nifty - Will lead Nifty to all-time high
3. Footwear Stocks - The trading opportunity

Have a Profitable Day! 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/6mj8dwiRKHI

Footwear Stocks – The Momentum Breakout

Indian equity markets reversed from an extreme fear stage in June’22 to the greedy levels in August’22.

The Midcap index have rallied over 20% from the June lows and the breadth have been stronger for bulls.

As midcap stocks rally, some of the footwear stocks rallied over 30% since June lows.

Equal Weighted Footwear Index:

We created the proprietary Equal Weighted Footwear Index (EWFI) from the footwear stocks having market cap of +1,000crs. (Chart above)

EWFI consolidated between 700-815 as smart investors accumulated and formed the base for take-off.

Index broke out of the consolidation zone at 815 and went miles to hit the high 898.

The psychological level of 900 acted the resistance but bulls are stronger to break it leading to resumption in bullish momentum.

The short-to-medium term trend seems bullish.

#FootwearStocks
#KeepItSimple

Tri-Color @ Gateway of India 🇮🇳

RIP 🙏
Rakesh Jhunjhunwala dies at 62 https://www.ndtv.com/india-news/investor-rakesh-jhunjhunwala-dies-at-62-3252989

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