Daily Pre-Market Analysis - 28th September | Nifty - Expiry Strategy | Sectorial Index |

SGX Nifty Live @ 16,865

Have a Profitable Day!

#PreMarketAnalysis #KeepItSimple

https://youtu.be/9_FdYNdm1Rg

Nifty - Hang in there

The gap-down opening right at the support indicates the make-or-break expiry.

The bears are yet to capitalize on the bearish opening and losing momentum.

Technically. the index is trending at the confluence of the support area.

1. Horizontal Trendlines
2. Resistance turns Support
3. Bullish divergence on RSI

As per derivative structure, the unwinding in 17000PE and addition in 17000CE indicates the pause towards 17,000-17,030 on an intraday basis.

On the 5mins chart of Nifty, the bullish harami candlestick pattern signals an intraday reversal.

The bears may attack only on the breach of day low 16,825.

The rising India VIX suggests a volatile day. A quick in and out trading is advisable.
(CMP-16,900)

What are your thoughts on 16950CE?
👍🏻 Bullish
👎🏻 Bearish

Index slips over 4% in the last 5 trading sessions; ends September series at 16,868 on Nifty losing 3.78%.

The mayhem prolongs on D-street as the rise is sold aggressively by traders; the surpass of the resistance zone at 17,129-17,190 will be the key for the bulls to come back in the game.

The resistance turns support in the range of 16,680-16,775 will be the space for bulls to protect the medium-term trend.

As we step into the October series, the IT and Pharma sector can be the Sector of the Month.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Daily Pre-Market Analysis - 29th September |The Bottom Fishing | Two Sectors to Buy in October |

SGX Nifty Live @ 17,060

Have a Profitable Day!

#PreMarketAnalysis #KeepItSimple

https://youtu.be/fm-H4Ev8CPU

Nifty - The Expiry Trade

SGX Nifty indicated a positive opening above 17,050 but the bears have a different game plan.

After opening around 17,000, bulls failed to surpass yesterday’s high of 17,037 till 9:55 am.

The Dow Theory

The lower high – lower low structure is bearish as per Dow Theory.


The Expiry Trade:

The chart indicates the support zone of 16,950-16,890 while the resistance is placed at 17,100-17,140 as discussed in the Daily Pre-Market Video.

The momentum indicator Stochastic has turned bullish on 15mins chart, but the bears are ready and loaded to grab an opportunity at higher levels.

An OI structure signals the zone of 16,900-17,100 as 16900PE and 17000PE witnessed an addition to the tune of ~70K and 76K contracts respectively. On the higher side, the 17,100CE added 91K contracts in the first 30mins of the day.

It seems to be Option writers day. With the higher IVs and premium, Short-Strangle or Short Straddle strategy best suits such a scenario.
(CMP-16,995)

#Nifty
#KeepItSimple

The structure of Lower High - Lower Low continues...Bulls in danger.

What is your view for October Series?

👍🏻 Buying
👎🏻 Selling
❤️ Just watching and Praying for Good Diwali

The bears ruling on the F&O expiry day; Nifty ends at 16,818 losing 4% in the September series.

As highlighted in today’s Daily Pre-Market Analysis, the bears will be grabbing the opportunity, it was all bears.

Even after the recovery in Dow Jones yesterday, the Nifty ended the day at lows, but I believe we may have a bounce from the support area of 16,600-16,700 zone.

The horizontal trendline support and the probable reversal zone of the bullish harmonic pattern are in the range of 16,600-16,700 signaling a profit booking area for bears.

Since 2001, October is the month of bulls as the Nifty has an average gain of 1.26% as per Seasonality Analysis.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Daily Pre-Market Analysis - 30th September | Decoding Dow Jones Monthly Chart | Nifty & Bank Nifty |

SGX Nifty Live @ 16,770

#PreMarketAnalysis #KeepItSimple

https://youtu.be/NeLT8u0R894

BankNifty Chart ahead of RBI Monetary Policy

The RBI will announce its monetary policy as the clock ticks 10: am IST. The street is expecting a 50bps hike.

The chart of Bank Nifty signals a bullish scenario ahead of the decision.

1. The Bullish Harmonic (blue)
2. Positive divergence on RSI
3. Trendline resistance at 38,000

Though the pattern is bullish, 38,000-38,065 will be the confirmation level for the pattern.

What is your Strategy?
👍🏻 Buy CE
👎🏻 Buy PE
❤️ Straddle/Strangle/Complex Strategy

#RBI
#BankNifty

Nifty reversed from Support area 📈

The bulls cheer the RBI rate hike on D-street; Sensex and Nifty gain 1.80% and 1.64% respectively.

The short-covering rally in Bank Nifty post Monetary policy triggered the recovery in markets. If you are following our Live charts, you might have gained from Bank Nifty’s technical setup.
Read here https://t.me/FastProfitsReport/885

The Nifty close above the 17,030-17,040 resistances had strengthened the bull’s hopes, but the major hurdle lies in the 17,200-17,340 zone.

On the hourly chart, the bullish Wyckoff pattern is visible indicating today’s low as Shakeout and bottom structure in place at 17,747.

The dip to 16,938-17,016 will be the support area as per Wyckoff’s theory.

Brijesh Bhatia
Research Analyst, Fast Profit Report

Just Released...The Latest Episode of the Investor Hour

My guest this week is Devina Mehra, Founder, First Global.

Here are the episode notes...

Devina Mehra on Importance of First Principles, Picking HDFC Bank in 1996 and Turning Down Ratan Tata’s Suggestion

Devina Mehra’s claim to fame is recommending HDFC Bank stock at an adjusted price of less than Re 1.

But that’s nowhere even close to the successes she has racked up over her career.

She founded First Global, which is today one of India’s most successful global research firms.

Along the way she has had a string of successful calls including recommending Amazon in 2001.

Her biggest contribution yet may be the thoroughness with which she researches a stock (which has evolved into a human plus machine process).

Listen in to a fascinating conversation where we discuss all this, and our usual favourite topics of portfolio construction, portfolio sizing and asset allocation.

It’s a must listen...