Forwarded from Fast Profits Daily
Daily Pre-Market Analysis - 11th October | Nifty & BankNifty Strategy | IT Index - The Short-term Trade |
SGX Nifty Live @ 17,190
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/erZOnIEJuPo
SGX Nifty Live @ 17,190
Have a Profitable Day! 📈💰
#PreMarketAnalysis #KeepItSimple
https://youtu.be/erZOnIEJuPo
YouTube
Daily Pre-Market Analysis - 11th October | Nifty & BankNifty Strategy | IT Index -Short-term Trade |
SGX Nifty Live @ 17,190
Watch out for:
1. Nifty & BankNifty - Intraday trading Levels
2. IT Index - The Short-term trade setup for bulls
3. Nasdaq - The threat to the IT index
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket…
Watch out for:
1. Nifty & BankNifty - Intraday trading Levels
2. IT Index - The Short-term trade setup for bulls
3. Nasdaq - The threat to the IT index
Have a Profitable Day!
#nifty #banknifty #niftyanalysis #intraday #stockmarket…
👍2
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
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
👍11
Forwarded from Fast Profits Daily
IT Index to Outperform Nifty50 – signals Sine Wave Indicator
The short-covering rally in the US tech stocks triggered the bullish momentum for Nasdaq from ~10,700 levels to 12,000.
Indian IT index, a follower of the Nasdaq witnessed bullish momentum in the last few weeks and is up by ~14% from the recent low of 26,186.
The Tide is turning Bullish
On the weekly ratio chart of Nifty IT Index / Nifty50, the ratio has reversed after testing the previous breakouts. The resistance has turned support on the charts (marked green).
The ratio heading northwards means an outperformance of IT Index over Nifty 50.
The sine wave indicators on charts signal the IT index is likely to outperform over Nifty 50 in the coming weeks.
The 62 weeks sine wave (blue) and 27 weeks (red) indicate an end of bearish trend on chart.
As per the indicator, the slope of blue & red line heading northwards is a sign of bullish scenario and the reversal on the ratio chart signals an outperformance for IT stocks.
#ITIndex
#KeepItSimple
The short-covering rally in the US tech stocks triggered the bullish momentum for Nasdaq from ~10,700 levels to 12,000.
Indian IT index, a follower of the Nasdaq witnessed bullish momentum in the last few weeks and is up by ~14% from the recent low of 26,186.
The Tide is turning Bullish
On the weekly ratio chart of Nifty IT Index / Nifty50, the ratio has reversed after testing the previous breakouts. The resistance has turned support on the charts (marked green).
The ratio heading northwards means an outperformance of IT Index over Nifty 50.
The sine wave indicators on charts signal the IT index is likely to outperform over Nifty 50 in the coming weeks.
The 62 weeks sine wave (blue) and 27 weeks (red) indicate an end of bearish trend on chart.
As per the indicator, the slope of blue & red line heading northwards is a sign of bullish scenario and the reversal on the ratio chart signals an outperformance for IT stocks.
#ITIndex
#KeepItSimple
👍10
Fast Profits Daily
https://www.youtube.com/watch?v=G7DA0uvyLQM
TCS - The Lone Wolf 🔥
As highlighted in the video, TCS is outperforming the IT pack. 💰
Hope you didn't miss my video.
#ITIndex
#TCS
#KeepItSimple
As highlighted in the video, TCS is outperforming the IT pack. 💰
Hope you didn't miss my video.
#ITIndex
#TCS
#KeepItSimple
❤6