May 26, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed almost 1% in positive
- AD was 4:1 while VIX was up 4% (why?)
- swing loss support is 9300
- consider trend as up as long as NF holds above 9300

Trading paradox: random outcome ... consistent profits

Here's an interesting paradox. 

Casinos make consistent profits day after day and year after year, facilitating an event that has a purely random outcome. 

At the same time, most traders believe that the outcome of the market's behavior is not random, yet can't seem to produce consistent profits. 

Shouldn't a consistent, nonrandom outcome produce consistent results, and a random outcome produce inconsistent results?

Source - Trading in the Zone/Fisher p.102

May 25, 2017

BANK NIFTY technicals

- trend is up on daily charts
- today, BNF closed 2.9% in positive
- swing low support/ reversal level 22400

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1.5% in positive
- AD was 4:1 while VIX dropped 10%
- option writing support 9300 (JUN series)
- increasing swing low to 9300 now

NSE Advance Decline Chart

The rally is being sold into....

May 24, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed marginally in negative
- AD was 1:2 while VIX dropped 4% to 11.6 levels

Falling channel in NF futures hourly charts

Falling channels are usually bullish so let us see if a breakout happens.

Support 9300 and then 9000.

Best stock market forecast?

May 23, 2017

Lots of sell signals today

Swing trading signals :: 23-MAY-2017

  • This report is for educational purposes only and is not recommended for trading or investment.
  • Liquidity filter: ||||| excellent liquidity - ||||| good liquidity - ||||| low liquidity.


Stock nameClosePercentage ChangeSignalReversal
Level/ SL
Last Month's
1 day20 daysHighLow
||||| ABAN203.95-4.50%-10.00%SELL232.30239223
||||| ABIRLANUVO1596.95-1.00%-5.50%SELL1744.8517131514
||||| ALEMBICLTD42.80-2.00%-15.50%SELL51.455236
||||| ALKEM1835.35-2.50%-9.00%SELL2038.7024001897
||||| ALPHAGEO939.70-3.50%-11.50%SELL1090.001090869
||||| ANSALAPI24.25-4.00%-8.00%SELL32.902815
||||| ARCOTECH354.45-4.00%-27.00%SELL542.00542459
||||| ASIANTILES345.70-4.50%-11.00%SELL396.70397366
||||| BAJAJCORP360.00-1.00%-9.00%SELL404.70436384
||||| BAJAJHIND14.65-4.00%-17.00%SELL18.001813
||||| BAJFINANCE1233.75-0.50%-2.50%SELL1374.0013501162
||||| BANKINDIA146.45-7.50%-4.50%SELL197.20190138
||||| BATAINDIA525.50-3.00%-9.50%SELL592.95593550
||||| BGRENERGY157.35-4.50%-6.00%SELL184.80183138
||||| BHAGERIA294.65-4.00%-8.00%SELL371.90355305
||||| BHARATFIN665.95-5.00%-15.00%SELL822.80824720
||||| BHARATWIRE85.50-8.00%-13.50%SELL112.0011193
||||| BIOCON946.35-3.50%-11.00%SELL1188.0011881054
||||| CARERATING1437.30-2.50%-7.50%SELL1625.0016981526
||||| CCL310.50-6.50%-11.00%SELL350.50355332
||||| CENTURYPLY247.95-2.50%-6.50%SELL271.00271250
||||| CHENNPETRO363.25-4.50%-1.00%SELL424.90394362
||||| CIPLA533.20-5.00%-4.00%SELL572.45604545
||||| COALINDIA267.85-2.00%-3.00%SELL284.45297273
||||| COX&KINGS207.40-4.00%-7.50%SELL243.00232210
||||| DEN89.55-7.00%-8.50%SELL104.0010582
||||| DHANBANK35.05-2.50%-4.50%SELL44.954030
||||| DISHMAN282.10-3.00%-14.50%SELL334.50347284
||||| DMART708.40-1.50%-2.00%SELL824.50807628
||||| EROSMEDIA205.95-5.50%-13.00%SELL249.80282215
||||| FCONSUMER29.50-6.00%-13.00%SELL34.353629
||||| FINCABLES509.95-4.00%-3.50%SELL546.90573512
||||| FSL33.55-5.50%-22.50%SELL44.804540
||||| GATI126.00-4.00%-9.00%SELL143.90145132
||||| GHCL243.75-3.00%-6.50%SELL266.85280256
||||| GLENMARK651.15-2.50%-26.00%SELL908.90916846
||||| GOACARBON136.10-1.50%-10.00%SELL158.75159118
||||| GRASIM1096.90-0.50%-7.00%SELL1218.0011991045
||||| GUJALKALI435.15-4.00%-7.00%SELL484.05484405
||||| GUJFLUORO654.00-2.00%-8.00%SELL816.00789660
||||| HAVELLS450.10-5.00%-7.00%SELL526.30499459
||||| HCC41.10-5.50%-10.00%SELL48.104839
||||| HCL-INSYS49.05-5.00%-17.00%SELL59.956152
||||| HDIL82.95-7.00%-11.50%SELL101.809781
||||| HIL767.60-2.50%-9.50%SELL888.00888786
||||| HINDOILEXP74.75-4.50%-9.50%SELL86.208979
||||| HINDZINC240.00-3.00%-12.50%SELL277.20294266
||||| HPL122.85-11.50%-6.00%SELL149.70142119
||||| ICIL170.20-9.50%-11.50%SELL210.05209187
||||| IDFCBANK58.40-2.00%-0.50%SELL67.006758
||||| INTELLECT116.15-5.00%-5.50%SELL145.70134115
||||| ITDC553.80-3.50%-22.50%SELL734.80747398
||||| ITI77.05-8.50%-26.00%SELL118.0011869
||||| JAMNAAUTO224.90-4.00%-6.00%SELL247.80250212
||||| JAYSREETEA97.55-2.50%-11.00%SELL119.60123108
||||| JBFIND267.20-3.00%-4.00%SELL305.00302266
||||| JISLJALEQS87.30-5.00%-21.50%SELL119.7012093
||||| KCP111.90-15.50%-16.00%SELL135.60138105
||||| KEI203.50-4.50%-5.50%SELL238.00219185
||||| KESORAMIND140.30-3.00%-18.00%SELL173.30173144
||||| KIRIINDUS261.80-3.50%-7.50%SELL292.50302278
||||| KOLTEPATIL163.30-3.00%-12.00%SELL204.05204173
||||| KSCL522.05-1.00%-8.50%SELL589.60590540
||||| KWALITY140.80-2.50%-12.00%SELL163.40169149
||||| LIBERTSHOE168.15-4.00%-5.50%SELL195.80193166
||||| M&MFIN305.10-2.00%-10.50%SELL347.70352316
||||| MAJESCO324.30-2.50%-12.00%SELL388.90410334
||||| MANGALAM172.25-3.50%-15.00%SELL214.90215145
||||| MANINFRA54.60-4.50%-2.00%SELL62.506246
||||| MARKSANS46.45-3.00%-9.00%SELL56.305847
||||| MERCATOR40.50-4.50%-24.00%SELL54.205546
||||| MERCK1029.60-1.00%-6.50%SELL1141.4011991033
||||| MGL950.60-2.50%-5.50%SELL1054.951055880
||||| MINDACORP104.25-4.50%-13.50%SELL123.9012494
||||| MOIL307.30-1.50%-2.00%SELL338.75347303
||||| MONNETISPA36.65-5.50%-6.50%SELL44.504034
||||| MOREPENLAB19.90-5.00%-5.00%SELL23.952219
||||| NAVINFLUOR2891.60-2.00%-9.50%SELL3240.0032403000
||||| NAVKARCORP204.10-4.00%-3.00%SELL247.00219174
||||| NCC90.95-4.50%-8.00%SELL103.6510282
||||| NECLIFE34.80-3.00%-13.00%SELL41.254435
||||| NH291.05-2.00%-8.50%SELL327.05336311
||||| NHPC29.75-2.50%-6.00%SELL32.153331
||||| NMDC119.10-2.00%-8.50%SELL131.55138125
||||| NTPC156.95-0.50%-5.50%SELL167.00169158
||||| OBEROIRLTY374.45-2.50%-7.00%SELL416.00414362
||||| POLYPLEX445.45-3.00%-5.50%SELL499.80500416
||||| PRABHAT115.50-5.50%-7.00%SELL127.10130119
||||| PRESTIGE227.95-3.00%-12.00%SELL283.00283205
||||| PTC92.00-4.00%-4.00%SELL105.2510093
||||| PUNJLLOYD21.25-5.00%-7.50%SELL25.352419
||||| RAMKY97.00-5.00%-13.00%SELL113.50122102
||||| RAYMOND699.55-2.00%-7.00%SELL807.30784630
||||| RCF79.95-5.00%-5.00%SELL99.808979
||||| RDEL60.80-4.00%-9.00%SELL70.707063
||||| RELIANCE1305.55-1.00%-7.50%SELL1467.7514681337
||||| ROLTA56.50-2.50%-10.50%SELL64.106458
||||| RPOWER44.20-3.50%-11.00%SELL50.255145
||||| RPPINFRA260.20-3.00%-6.00%SELL294.00294267
||||| RUPA359.65-1.00%-11.00%SELL419.00424322
||||| SHARDACROP494.80-9.00%-4.50%SELL570.00527474
||||| SIGNET11.05-4.00%-23.00%SELL14.901813
||||| SINTEX104.60-7.00%-8.50%SELL121.40118106
||||| SJVN30.95-4.50%-11.50%SELL36.503634
||||| SONATSOFTW146.05-2.50%-11.00%SELL172.35177162
||||| SPIC25.95-5.00%-7.50%SELL31.902923
||||| SRF1611.90-5.50%-5.50%SELL1859.0018251625
||||| SRIPIPES322.30-2.50%-16.00%SELL391.25395355
||||| SRTRANSFIN959.20-3.50%-8.50%SELL1095.0011201016
||||| SUNILHITEC12.90-2.50%-13.50%SELL15.601512
||||| SUNPHARMA614.10-4.00%-4.00%SELL656.95700632
||||| SWANENERGY137.55-2.50%-13.50%SELL163.85164134
||||| SYMPHONY1355.70-3.00%-6.50%SELL1520.0015461396
||||| TASTYBITE4890.20-3.00%-8.00%SELL5812.7556104600
||||| TATAELXSI1455.40-4.50%-7.50%SELL1603.4516051470
||||| TATAGLOBAL144.75-2.00%-4.50%SELL161.45157148
||||| TATAINVEST654.40-2.00%-2.50%SELL701.00700633
||||| TATAMETALI621.60-3.00%-9.00%SELL706.40725589
||||| TATAPOWER80.50-1.50%-6.00%SELL86.859181
||||| TDPOWERSYS216.65-4.50%-5.00%SELL269.90255214
||||| TEXRAIL91.70-4.50%-8.00%SELL104.7010493
||||| THYROCARE694.90-2.00%-4.00%SELL777.00780700
||||| TIRUMALCHM853.70-2.50%-3.50%SELL1011.10930855
||||| TORNTPHARM1263.60-3.00%-13.50%SELL1473.4515501394
||||| TVSELECT176.25-4.50%-10.00%SELL207.90216171
||||| UJAAS33.75-2.00%-11.50%SELL38.804034
||||| UJJIVAN305.45-2.50%-24.00%SELL408.00426379
||||| VADILALIND871.95-3.00%-4.00%SELL996.001017887
||||| VIPIND183.20-5.00%-7.50%SELL215.40217182
||||| WELENT85.20-3.00%-10.50%SELL100.5010182
||||| WSTCSTPAPR183.05-1.00%-9.00%SELL205.60209174