Fast Profits Daily
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Want to be a part of ace trader Brijesh Bhatia’s charting journey – as he shares with his readers how to create wealth from the profitable trade setup.Then you’re at the right place!
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The global markets are behind the times for the Nifty and Sensex as they recovered forming the bullish candlestick pattern, ending the day at 18,003 and 60,346, respectively.

Bank Nifty ends at the highest ever closing of 41,405. The structure is very bullish for the index and the test of 42,314-42,640 can be on cards in September.

If you are following our Daily Pre-Market videos, I highlighted to buy at the retest of the pattern. Watch here https://www.youtube.com/watch?v=ksNd8-3hHSA

Brijesh Bhatia
Research Analyst, Fast Profit Report
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This is NOT GOOD for Intraday BULLS

After the stellar performance by bulls yesterday, the Nifty managed to close above the 18,000 mark.

With the gap-up opening, the bulls are losing ground after the first hour of the day as it slips over 150points from the day's high.

The multiple highs in the range of 18,080-18,100 mark a key resistance area for bulls.

The divergence of RSI on short-term chart signals the pause to the momentum and index may trade in the range of 17,700-18,100 for few days.

The momentum may accelerate only on the either side breakout. The stock action can continue to offer better opportunities.

Option traders can look for strangle short strategy for next week or monthly expiry.

#Nifty: CMP-17,960
#KeepItSimple

What is your view on Nifty?
👍🏻 Bullish
👎🏻 Bearish
❤️ Rangebound
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Fast Profits Daily
https://youtu.be/noLmKFTdGbw
Power Sector - Like a Train
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The weekly expiry belongs to bears as the Nifty ends at 17,877 losing 0.70%.

The index reversed forming the multiple resistance zone at 18,100 just below the previous swing high of 18,114. Read here - http://www.eqtm.in/g7GFe

Power - The Sector of 2022 is breaking out of the momentum resistance; traders can look for the stock which is in a bullish trend. Watch the chart here https://t.me/FastProfitsReport/829

On daily of Dow Jones, the rising channel support is placed at 30,600-30,700; if bulls manage to hold the support, the test of 32,000-32,400 can be on cards next week.

Brijesh Bhatia
Research Analyst, Fast Profit Report
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Good news for viewers of the Mint Equitymaster Investor Hour

Our podcast has been nominated for the Hubhopper Awards 2022 under the Business & Entrepreneurship podcast category award.

If you like the show...and would like to vote for it, all you need to do is...

Visit - https://community.hubhopper.com/best-business-entrepreneurship

And then select the podcast and vote!

That's it!
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Fast Profits Daily
Red Flag for IT Stocks 🚩 https://youtu.be/mMKt_X_bVoQ
IT Index - The Trend Spoiler 📉

Hope the Videos are helping and you are not Buying it!
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Here's a super interesting weekend watching video for you...

The latest edition of the Investor Hour. Our guest this week is Samit Vartak.

Here's more on this episode...

Samit Vartak’s journey to becoming one of the top money managers in India is fascinating.

A chance encounter with a friend, the stock market bubble of the late 90s and a consulting job converted him from a small town person who could not even speak English, into what he has become today.

A very successful erudite fund manager. Samit and I talk about the importance of picking the right “businesses” to invest in, about India’s strengths and also his thoughts on dealing with wealth he has generated.

Watch here - https://youtu.be/yQp7dT6pKyw

Happy Learning!
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Nifty - The Gap playing their cards 😊

What is your trading plan?
👍🏻 Buying
👎🏻 Selling
❤️ Just Watching
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After the market sell-off on Friday, the bears seem lacking momentum; the Nifty reversed after the first-hour selling to end at 17,622.

The index took support at the gap area of 17,385-17,485 to hit the high of 17,667 indicating the gap is playing its card. Watch the chart here https://t.me/FastProfitsReport/838

Bank Nifty is holding the bulls as it outperforms against Nifty50; the Bank Nifty / Nifty50 ratio hits an 18months high of 2.35.

PSU Bank Index continue to lead the rally as the Bullish Rising Three Candlestick pattern is visible on the chart; trading at 3years high.

Brijesh Bhatia
Research Analyst, Fast Profit Report
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Fast Profits Daily
Daily Pre-Market Analysis - 20th September | Nifty - The Gap-up Opening | Bank Nifty | PSU Bank Index | SGX Nifty Live @ 17,770 Have a Profitable Day 💰📈 #PreMarketAnalysis #KeepItSimple https://youtu.be/n04l4Fdi9O8
Nifty - Rise to the Challenge Bulls!

The index reversed from the gap support area yesterday and the follow-up momentum with gap-up opening prolonged in today's first hour indicates the bulls are in control of the momentum.

But...The Hurdle

As the gap area played the support for bulls, the same pattern gap at the upper level may also play a hurdle.

In the Daily Pre-Market Analysis video released today morning, I highlighted this structure of resistance for intraday traders.

Nifty is trading at 17,850 and the bulls need to take the challenge to cross the hurdle of 17,875 for reclaiming the 18,000 levels.

Can bulls do it?

If not, the retest of 17,715 can be on cards in intraday levels if bulls fail to cross the hurdle.
(CMP-17,850)

#Nifty
#KeepItSimple
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The bulls are controlling the markets as every dip is bought aggressively. Nifty from Friday’s sell-off, the weak hands are taken out as it dips below the previous swing low of 17,484 to 17,429.

The price on the charts is scar as the gap area of 17,385-17,485 is acting as a demand zone. The Relative Strength Index (RSI) convergence with the Nifty at the low of 17,429 marks an important low for traders.

Traders can buy the dips on the Nifty till it holds 17,400 levels. The momentum may accelerate on the breach of 18,150.

Bank Nifty is leading the way for markets as it hits the new all-time high of 41,840. The leadership is likely to continue in October series too.

Brijesh Bhatia
Research Analyst, Fast Profit Report
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