June 23, 2017

My crazy wild trades today

Ideally MTM on close should have been 40K but made some bad exits.

NIFTY hourly charts

- note faster move in opposite direction
- good support 9580 F
- below this, expect deeper correction.

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.6% in negative and below 9600
- AD was negative
- swing low support 9300
- immediate support 9500 (hourly charts)

Lots of sell signals today

Most stocks are being sold off from quite some time though...

June 22, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed flat
- AD was negative (3:5)
- note there was strong selling intraday
- swing low support 9300

GST explained in one picture

GST is not simply one nation one tax.

It is 4 tax slabs, 3 types of GST, 3 returns per month and 37 returns per year.

June 21, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.2% in negative
- AD was flat
- swing low support at 9300

June 20, 2017

Swing trading signals :: 20-JUN-2017

Swing trading signals :: 20-JUN-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
||||| ALPHAGEO879.55-3.00%-6.00%SELL1085.001085911
||||| BALKRISIND1627.851.00%9.50%BUY1440.0016061425
||||| BEML1501.454.00%25.50%BUY1125.1514091125
||||| BEPL56.356.00%44.00%BUY38.104535
||||| CANFINHOME3199.702.00%23.50%BUY2527.0529002445
||||| CHOLAFIN1131.603.50%10.50%BUY985.251135985
||||| CORPBANK55.754.00%9.50%BUY48.706549
||||| DAAWAT67.20-2.50%-14.00%SELL82.258564
||||| FAGBEARING4780.201.50%7.00%BUY4415.0049374400
||||| GABRIEL156.003.00%23.50%BUY122.80135122
||||| GINNIFILA61.608.50%58.50%BUY36.254836
||||| GODREJCP1937.202.50%9.50%BUY1733.3519581727
||||| HINDZINC253.202.50%5.50%BUY226.85272227
||||| IBREALEST208.904.00%25.50%BUY151.10180148
||||| IBVENTURES177.656.50%26.50%BUY130.10158102
||||| ICICIBANK292.45-8.50%-4.00%SELL327.40327271
||||| IDBI55.90-2.00%-13.50%SELL63.958359
||||| IMFA468.104.00%10.50%BUY385.00590402
||||| INDIGO1232.302.50%17.50%BUY1041.7011521004
||||| JHS75.703.00%62.00%BUY49.005744
||||| JKPAPER96.60-2.50%-10.00%SELL110.80122102
||||| KWALITY156.851.00%11.00%BUY133.00156133
||||| NFL77.70-1.50%-5.00%SELL85.708978
||||| NIITLTD92.805.50%9.00%BUY84.159478
||||| NLCINDIA109.953.00%8.50%BUY95.0011295
||||| PGEL268.455.00%52.50%BUY171.15208171
||||| PRABHAT127.803.50%10.50%BUY93.4012793
||||| PUNJLLOYD17.80-3.00%-16.00%SELL23.452520
||||| RAMCOIND256.707.00%12.50%BUY221.55258212
||||| SNOWMAN59.5510.00%6.50%BUY53.756354
||||| SREINFRA116.805.50%14.00%BUY97.1011691
||||| TATAINVEST768.907.00%17.50%BUY634.45701634
||||| TATASTEEL522.350.50%6.50%BUY476.70521428
||||| THOMASCOOK233.602.50%11.00%BUY204.10229203
||||| TVSELECT195.658.50%11.00%BUY168.25208168
||||| VASCONEQ38.70-4.00%-24.00%SELL57.605944
||||| VSTTILLERS2280.1511.50%17.50%BUY1876.3020401876

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed flat at 9653.
- AD was negative
- swing low support at 9300

June 19, 2017

Neowave outlook of market

...
The question for the fresh week, therefore, is whether “f” is now completed, and whether an upward “g” leg would open from here.

As an initial sign than “f” is over and upward “g” is opening, Index needs to strengthen & close above its previous day’s high.

...

The question is also whether “f” would be completely retraced upwards in “faster” time. Previously, 8-day “b” leg was fully retraced in a day. Similarly, 5-day long “d” leg was also fully retraced in a day.

We cannot, therefore, rule out that if an upward “g” leg opens, it can retrace the 8-day long “f” leg within a day or 2, which could make shorts to run for cover like the last 2 times.

...

On Sensex, the 5-day lows are similar, 31044-62-55-26-17, from Monday to Friday of the Week. All these values are also close to the Grey channel. So, a Bull candle holding around 31K, can be an initial +ve sign.

This, followed by strength/close above Fri’s high (31183/9616), could mean that the downward “f” leg may be over, and upward “g” leg is opening. As already warned, “g” can be a strong up-move.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_2017619104326.asp