Top 10 Stocks to Buy in the Market Reversal

Hello viewers. Welcome at the Fast Profits Daily. Myself Brijesh Bhatia.

Markets last week have come back very, very strongly, gaining or reclaiming the 16,500 levels on a weekly scale.

It was above a percent in the positive momentum. But if you look at the rally right from 15,750 to 16,500, it has been slightly bumpy. It was not a smooth ride, and it's always an excellent base creation when it happened between 16,100 on the upside and a 15,750 on the downside.

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So there were multiple supports been taken right at 15,750, 15,800, 15,900 and when the market momentum gained on a positive side after a basing structure, when the moment comes back, it is a very, very strong trend for the coming weeks or for coming days.

Now, if you are following me on my telegram channel, you might have seen that have seen that I post Nifty and Bank Nifty charts regularly on a telegram channel and in case you're not following me, you are missing something onto the trading aspects. So do follow me there.

In this video, I'll be discussing the market. It has rallied over 1,000 points from the lower levels. What are the stocks as an investor, you should look for buying opportunities? Well in this video I will be covering some of the bluechips as you have read the title, 10 bluechips, where the markets are reversing, for an opportunity.

So these are basically based on the golden cross and the death cross aspect. Now, basically, what is golden cross and what is death cross? So let's look at the chart and understand what the concept is all about.

So if you look at the blue line over here, it is basically the 50 day simple moving average. Why am I taking 50 days? Because it covers the short term trend of the momentum and, considering the 20 or 22 days of monthly trading days, it's on an average around over 3 months, 3-3.5 months now.

The red line, it's basically the 200 days exponential moving average. It is considered as the long term moving average because if you look at 200 days, it comprises of around 10 months into a year, considering the trading days of 20 to 22 in a month.

So now when the short term moving average, the blue line, crosses below the 200 days exponential moving average which is when the slope goes down, it is as a death cross. Basically, the death cross is the bearish structure, as per the technical studies and vice versa. When the blue line crosses above the 200 days exponential moving average it is known as golden cross, and again it is a bullish sign.

There are various ones in the US, various ones in India, which only focusing on the death cross and golden cross. When the stocks are in a golden cross, they look for buying opportunities. When stocks are in a death cross, they are into a short zone.

The guru who I follow is Paul Tudor Jones. He uses this strategy very, very regularly. Now, coming on to the 10 stocks you should buy, and I am not looking for a day when prices have given a golden cross but I'm looking for a structural price action.

Even in this in this market, the market has corrected right from 18,100 in April to May where we were around 15,750 levels. In the end, thought it closed over 16,000 levels but if I look at the structure where the prices are consolidating above the golden cross for a long time now.

So there are 10 stocks I have listed as per the study, as for this screener. So I'm just looking at the bluechips. There can be any number of stocks if I look at Nifty 500, if I look at the midcaps, if I look at the smallcaps. Here, I've considered Nifty 100 and Nifty 200, the structure which I thought is very, very bullish.

So sharing my stock list of 10 stocks. So the stock list is on your screen. So let's start with the stocks.

Reliance, ITC, Page Industries, Coal India, M&M, Siemens, Adani Enterprises, NTPC, Maruti, and Bajaj Auto.

So these are the 10 stocks. There can be any number of stocks which are trading above the golden cross. There can be any number of stocks which are trending at 52 week highs. These are 10 bluechip stocks which I believe are convincingly trending above the golden cross for a longer time now, and they are very much outperforming against the benchmark indices as well.

So these are the 10 stocks you should focus on as an investor in the bluechips and I believe markets have been very, very a bullish as of now, because if you look at the reversal, it has been very, very fast and furious.

In case you have missed my video on profit from fear where markets were at extreme fear levels in May, markets have shown a huge come back up from the fear zone.

So I believe still, there is a huge bullish momentum and investors should benefit from this reversal.

Signing off, Brijesh Bhatia.