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

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

S&P500 - The Bullish Harmonic pattern indicates the sign of reversal.

The pattern negates below 3820.
(CMP-3862, Down 38pts)

Can S&P500 Close in Positive today?
👍 Yes
👎 No

Daily Pre-Market Analysis - 21st September | Fed Rate | Dow Jones | Nifty | Energy - An Emerging Leader |

SGX Nifty Live @ 17,720

Have a Profitable Day 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/XD_DL4yrgk4

Nifty & BankNifty @ Gap Support

Nifty - Support - 17,744-17,660
Bank Nifty Support - 41,207-40,982

Bears - Is it done for the day?

#Nifty Low - 17,667
#BankNifty Low - 40,951

Nifty - 17750+
BankNifty - 41200+

James Powell: US Federal Reserve raised interest rates by 75bps.
#FOMC

Daily Pre-Market Analysis - 22nd September | Nifty Prediction | Dollar Index & Indian Rupee | FOMC |

SGX Nifty Live @ 17,575

Have a Profitable Day 📈💰

#PreMarketAnalysis #KeepItSimple

https://youtu.be/hLMxEXKba9U

Daily Pre-Market Analysis - 23rd September | Forget Nifty - Trade This... | USDINR | Bank Nifty |

SGX Nifty Live @ 17,560

#PreMarketAnalysis #KeepItSimple

https://youtu.be/dKP68IHjoKk

Nifty - 17,400, The Laxman Rekha

An index is trading at the crucial juncture of an Ending-Diagonal / Bearish Wedge pattern with a breakdown level below the previous low of 17.429.

The 23.60% Fibonacci retracement of 15,183-18,096 is placed at 17,408.

The bulls need to protect the Laxman-rekha level of 17,400.

The breakdown may shatter the hopes of new-all time highs and we may follow the Dow Jones way.
(CMP-17,470)

#Nifty
#KeepItSimple

BankNifty - Reciprocal AB=CD + Trendline Support

Pattern negates below 39,400

#BankNifty
#KeepItSimple

#Nifty Bulls trying hard to protect the support.

Can they hold?
👍 Yes
👎 No

The bears lead for a straight second week as the Nifty ends at 17,327 losing 1.16% while an outperforming Bank Nifty witnessed the profit booking losing 3% during the week.

The bearish engulfing followed by the bearish bar on the weekly chart blurs the future of a new all-time high for the Nifty; the break below 17,000 will confirm the short-term top at 18,096.

On the daily chart of the Nifty, the previous swing of 17,429 is breached indicating the bears are having an upper hand in the trend.

As we step into expiry week, the PCR ratio of 0.63 on the Nifty indicates something for bulls if the 17,100-17,000 range is protected by bulls.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Mesmerizing Saturday Morning

This week in the Investor Hour...

A very special conversation on picking the right stocks, constructing the right portfolio, and why it's time to bet on India...

With Pankaj Tibrewal of Kotak.

It's an unmissable conversation.

Watch the podcast here...

Daily Pre-Market Analysis - 26th September | Nifty - The Trend Reversal Trade | Dow Jones @ 52-weeks Low |

SGX Nifty Live @ 17,180

Have a Profitable Day!

#PreMarketAnalysis #KeepItSimple

https://youtu.be/vHOBxY-idGc

Crude Oil Update - Goodbye $100

On 17th August 2022, I released a video indicating “Goodbye $100 Crude Oil” and Commodity Crash is on cards.

The oil prices were trading around the $88-89 mark and attempted to head higher but failed to cross above the $100 mark (High-$97).

The Breakdown

Crude Oil prices have breached the first support of $83 and heading for the major breakdown of $75.

Technically, the triangle breakout (red) at $85 triggered the bullish momentum towards $129. The level at the lower end of the triangle and the previous swing high (black horizontal line) is placed at $76 marking the do-or-die structure for bulls.

A close below $75 means the medium-term top is in place and we may forget the $100 price in 2022.

The southwards momentum may continue towards $65-50 levels in the coming months.

Equity investors can explore the stock’s benefits by falling Crude Oil prices.

#Crudeoil
#KeepItSimple