Forwarded from Fast Profits Daily
Daily Pre-Market Analysis - 2nd August | Nifty | Bank Nifty | Midcap Index |
SGX Nifty Live @ 17,305
Discussed the chart setup of:
1. Nifty - Bar, Heiken Ashi, and P&F technical setup
2. Bank Nifty - 45 Degree Line Breakout
3. Midcap Index - Outpoerforming & on the verge of breakout
4. Nifty500 - Broader market in sync with Bullish trend
Have a Profitable Day!
#nifty #BankNifty #MidCap
#KeepItSimple
https://youtu.be/w075DYQMu7o
SGX Nifty Live @ 17,305
Discussed the chart setup of:
1. Nifty - Bar, Heiken Ashi, and P&F technical setup
2. Bank Nifty - 45 Degree Line Breakout
3. Midcap Index - Outpoerforming & on the verge of breakout
4. Nifty500 - Broader market in sync with Bullish trend
Have a Profitable Day!
#nifty #BankNifty #MidCap
#KeepItSimple
https://youtu.be/w075DYQMu7o
YouTube
Daily Pre-Market Analysis - 2nd August | Nifty | Bank Nifty | Midcap Index |
3 Stocks to Ride the Massive 15x EV Opportunity… Get Full Details: http://www.eqtm.in/o8M3L
SGX Nifty Live @ 17,305
Discussed the chart setup of:
1. Nifty - Bar, Heiken Ashi, and P&F technical setup
2. Bank Nifty - 45 Degree Line Breakout
3. Midcap Index…
SGX Nifty Live @ 17,305
Discussed the chart setup of:
1. Nifty - Bar, Heiken Ashi, and P&F technical setup
2. Bank Nifty - 45 Degree Line Breakout
3. Midcap Index…
👍7
Forwarded from Fast Profits Daily
Nifty Midcap Index - Time for some shopping therapy
Indian markets are underperforming their global peers as Nifty is down by over 2%, and most of the global equity indices trading on a positive note in January.
Traders had the premiere ahead of the Budget Volatility movie yesterday as the Nifty swings ~975pts and BankNifty over 3,500pts. This is the time when traders must manage risk and protect their capital.
Midcap Index – The Favourable Risk : Reward
When the sell-off begins, the first ones to hammer are small-cap and midcap stocks.
Technically, the stock is trading at the make-or-break levels of the chart pattern.
The broadening triangle or megaphone pattern is visible on the daily chart with the support placed at 29,800.
If bulls manage to reverse the trend from the support zone, expected target can be 10% to the upper band of broadening triangle while the risk is less than 2%.
Incase you are looking for midcap stocks to add to your watchlist, watch my latest video here.
#Midcap (CMP-30,200)
Indian markets are underperforming their global peers as Nifty is down by over 2%, and most of the global equity indices trading on a positive note in January.
Traders had the premiere ahead of the Budget Volatility movie yesterday as the Nifty swings ~975pts and BankNifty over 3,500pts. This is the time when traders must manage risk and protect their capital.
Midcap Index – The Favourable Risk : Reward
When the sell-off begins, the first ones to hammer are small-cap and midcap stocks.
Technically, the stock is trading at the make-or-break levels of the chart pattern.
The broadening triangle or megaphone pattern is visible on the daily chart with the support placed at 29,800.
If bulls manage to reverse the trend from the support zone, expected target can be 10% to the upper band of broadening triangle while the risk is less than 2%.
Incase you are looking for midcap stocks to add to your watchlist, watch my latest video here.
#Midcap (CMP-30,200)
👍6