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Equitymaster delivers independent, unbiased research on the Indian stock market. Trusted by investors since 1996, we help you build long-term wealth with honest, actionable insights — straight to your phone. https://www.equitymaster.com
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Forwarded from Fast Profits Daily
The gap-up opening for the bulls but the intraday bears grabbed an opportunity to short the day; Nifty ended at 18,157 losing 0.25%.

The minor hurdle for Nifty is placed at 18,350, above which the momentum may accelerate towards an all-time high. Watch the chart here

Bank Nifty hits an all-time high of 41,948 but the highest weightage constituent is underperforming the index.

An end to the 18 years of outperforming stock in the index is indicated by the breakdown in the ratio chart of HDFC Bank / Bank Nifty. Read here

Brijesh Bhatia,
Research Analyst, Fast Profits Report
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Forwarded from Fast Profits Daily
Nifty Bulls in danger on Weekly Expiry Day 📈📉

After opening gap-up yesterday, the bulls lost its plot to bears from opening and intraday traders made most of the gains.

SGX Nifty signals the bears are in control of the momentum as the breakdown from rising channel (green parallel lines on chart) marks an end to the minor bullish trend.

If there is something for bulls to hold the trend are two orange horizontal trendlines suggesting the support area of 18,120-18,000 levels.

The derivative structure of today's expiry signals 18000-18100 as major support and 18,300 being the resistance area.

Unfortunately, the 18,300 tends to be the channel breakdown retest level too.

Today's expiry is likely to be in the range of 18,000-18,300 zone.

The bulls can be in the game only on a break of 18,400.

#SGXNifty
#WeeklyExpiry
#KeepItSimple
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SGX Nifty Down 89 Points | Largecap Stock Announces Hefty Dividend | BLS International Quarterly Results | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/Ft2x5
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Stock Market Update - Sensex Today Falls 500 Points | Why Indian Share Market is Falling Today | Axis Bank Dips 4% After Centre Sells Stake

Indian share markets trade with deep cuts. The Sensex is down 481 points, while the Nifty is trading lower by 136 points.

http://www.eqtm.in/s9H6P
In 2022, while the American tech heavyweights have left global investors jittery…
Amazon -45%
Tesla -41%
Alphabet -36%
Microsoft -33%
Apple -24%

India’s new tech stocks have also left their IPO investors sorely disappointed…
Nykaa -54.8%
Zomato -58.1%
Paytm -63.9%
Policy Bazaar -74.0%

Lesson for investors willing to buy growth stocks at any price.
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[Going LIVE Today @ 5pm]

If you want to get details of Top 3 Stocks for 2023…

Then join our special event going LIVE at 5pm TODAY.

It is 100% FREE to attend.

...At the event, India’s leading smallcap guru Richa Agarwal will reveal the details of 3 smallcap stocks with extreme wealth-making potential.

If you’re an investor, then you should not miss these 3 stocks for anything.

You can click the link below to get all the details…

http://www.eqtm.in/r3C2Y
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Why Tech Mahindra Share is Falling

With talks of global recession, companies have cut back on their spending on technology, which is hurting Indian IT companies.

http://www.eqtm.in/Zw54D
Stock Market Update - Sensex Today Drops 420 Points | Why Indian Market is Down Today | Axis Bank, M&M, Tata Motors Crack 4%

Indian share markets end on a negative note. The BSE Sensex closed down by 420 points while the Nifty ended lower by 129 points.

http://www.eqtm.in/r5ARj
5 Midcap Stocks with Bluechip Heritage. Add them to Your Watchlist

These midcaps have what it takes to become bluechips some day.

http://www.eqtm.in/f5N9R
5 Midcap Stocks Under Rs 100 to Add to Your Watchlist

These five midcap stocks are looking good on the charts and could breakout along with the Nifty midcap index.

http://www.eqtm.in/q5MLi
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Why Jubilant FoodWorks Share Price is Falling

Find out why Jubilant FoodWorks share price is falling despite increasing sales and profits.

http://www.eqtm.in/o5WEd
Forwarded from Fast Profits Daily
NASDAQ up 7%, It’s Time for the Nifty IT Index 📈

Nasdaq (NDX) rallied over 7% in yesterday’s session on the back of the short-covering rally.

Do you remember when did Nasdaq rallied over 7% last time?

It’s a rare scenario but are we repeating the V-shape reversal like in 2020?

Post the pandemic fall, the V-shape reversal in global markets lead to a 7+% rally in the index on 24th March 2020 and 6th April 2020.

If you remember, I have recorded a video indicating the Wyckoff bottoming formation in NDX and the Last Point of Support (LPS) is in place for the index. Watch here

The moves are exactly as the textbook pattern and if we go as per the pattern, the bottom is in place for the next few months.

Indian investors, it’s time to focus on an underperforming index - IT Index

The bulls are ready with an open and low nearly same on IT index yesterday.

You can’t keep Infy, TCS, TechM & HCL Tech underperforming for a long-time if you want Nifty to rally higher.

Are you ready?

#Nasdaq
#ITindex
#KeepItSimple
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SGX Nifty Signals Strong Opening | Why PI Industries Share Price is Rising | Balrampur Chini Buyback | Top Buzzing Stocks Today

Top cues to track in today's stock market session.

http://www.eqtm.in/c3DAs
Forwarded from Fast Profits Daily
Nifty - Daya, Darwaza Tod Do! 🚪

The gap-up for yet another day at 18,300 after bulls protect the 18,000 mark yesterday seems the breakout from the range of 18,000-18,350 can be on cards.

The Door @ 18,350 🚪

The bulls have managed to sustain above the first hurdle of 18,100 but resisting to cross 18,350, the second hurdle.

Bulls need the power of Daya, the character from the famous show CID who has the capability to break the doors.

The move above 18,350 may accelerate the bullish momentum.

As it's Friday, the continuation of bullish momentum may take the index towards an all-time high of 18,600.

The failure of the structure for bears to attack will be below 17,950-17,900 levels.
(CMP-18,310)

#Nifty
#KeepItSimple
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Stock Market Update - Sensex Today Rallies 1,000 Points Tracking Strong Global Cues | IT Stocks Rally | Infosys, HCL Tech, TCS Among Top Gainers

Indian share markets rally on the back of strong global sentiment. The Sensex is up 946 points, while the Nifty is trading higher by 271 points.

http://www.eqtm.in/Sx3k8
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Charts Suggest IT Index Has Bottomed Out. Here are Top IT Stocks to Track Now

The Wyckoff bottoming formation and the Last Point of Support (LPS) is in place for Nasdaq. This could have an immediate impact on Indian IT stocks.

http://www.eqtm.in/w5L6C
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3 Foundational Stocks to Build Potential 8-Figure Fortune in the Long-term

These stocks are riding giant megatrends in India.

Over the coming years and decades, you may see these 3 stocks potentially rallying like never before.

This is the right time to catch these stocks… before they become the topic of news.

Tanushree strongly believes these 3 stocks could lay the solid foundation for anyone wishing to build a potential 8-figure fortune in the long run.

Recently, at her special event, Tanushree revealed details of these stocks.

If you missed this event for some reason, then you can click the link below to watch the special replay and get all the details right away.

Click the link below to watch now...

http://www.eqtm.in/g2FRa
Time to BUY Zomato?

After a 60% correction from the peak, does Zomato become a BUY?

http://www.eqtm.in/r6C4B
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