September 26, 2016

ISRO scripts space history, successfully launches 8 satellites into orbit

In its longest-ever flight, the PSLV C-35, carrying India’s SCATSAT-1 meant for ocean and weather studies and seven other satellites including from the United States and Canada, on Monday lifted off from the spaceport in Sriharikota.

The launch marked PSLV’s longest mission spread over two hours and it is the first time that the rocket is putting its payloads in two different orbits.

The 44.4 metre tall PSLV rocket blasted off at 9.12 am and 17 minutes later injected SCATSAT-1 in orbit.

“SCATSAT-1 has been successfully injected in orbit,” Indian Space Research Organisation said.

The 371 kg SCATSAT, the primary satellite meant for weather forecasting, cyclone detection and tracking, was first injected in a Polar Sunsynchronous Orbit orbit while the seven others will be injected in a lower orbit after over two hours, the first time the rocket is putting its payloads in two different orbits.

The total weight of all the eight satellites onboard is about 675 kg.


Hourly swing trading strategy for day traders

This is a simple strategy for day traders and is an adaptation of my monthly hi/lo swing strategy.

It uses no indicators - all trading is  a game of probabilities; more analysis does not lead to better results.

Strategy: trade long on breakout above first hour's high with previous hour low as trailing SL.

Risk mgmt: Position sizing takes care of the risk and I recommend a risk per trade of 0.5%.

If you cannot control the risk in a trade, stay away from trading/ take up some other occupation.

- use 5 min candlestick charts
- wait for completion of first hour candlestick i.e. 10 am
- mark the range formed so far (high low)
- these are your buy above / sell below levels.
- for a long trade, breakout bar close should be near the candlestick high.
- if long, SL is your previous hour's low and vice versa.
- trades to be closed by 3.30 or when your trailing stoploss is hit.

- sometimes, markets tend to trade within the first hour hi / lo range. In this case, take the first hour hi/ lo levels as breakout levels for the day.
- when a breakout happens, wait for completion of candlestick.
- above is important as a bar in progress can eventually form an hammer/ inverted hammer in which case trade should be ignored.
- this strategy can be used for cash and futures chart... just ensure liquidity is excellent.
- expect half the trades to fail (statistically).

Sample chart

September 25, 2016

Amazing balancing ability of quadcopters

Drone photography: climbing 1500 ft to change a bulb

Rise of the machines: Boston Dynamics (owned by Google)

From their website:

Boston Dynamics builds advanced robots with remarkable behavior: mobility, agility, dexterity and speed. We use sensor-based controls and computation to unlock the capabilities of complex mechanisms. Our world-class development teams take projects from initial concept to proof-of-principle prototyping to build-test-build engineering, to field testing and low-rate production.

Organizations worldwide, from DARPA, the US Army, Navy and Marine Corps to Sony Corporation turn to Boston Dynamics for advice and for help creating the most advanced robots on Earth.

Boston Dynamics is a wholly owned subsidiary of Google, Inc.

Now some of their products... amazing technology / amazing videos

September 24, 2016

Get Ready for Freeways That Ban Human Drivers

[​IMG]New rules of the road for robot cars coming out of Washington this week could lead to the eventual extinction of one of the defining archetypes of the past century: the human driver.​

Human error is the cause of 94 percent of roadway fatalities, U.S. safety regulators say, and robot drivers never get drunk, sleepy or distracted.

Autonomous cars already have “superhuman intelligence” that allows them to see around corners and avoid crashes, said Danny Shapiro, senior director of automotive at Nvidia Corp., a maker of high-speed processors for self-driving cars.

“Long term, these vehicles will drive better than any human possibly can,” Shapiro said. “We’re not there yet, but we will get there sooner than we believe.”

Within five years, human driving could be outlawed in congested city centers like London, on college campuses and at airports.

The first driver-free zones will be well-defined and digitally mapped, giving autonomous cars long-range vision and a 360-degree view of their surroundings, Schondorf said. The I-5 proposal would start with self-driving vehicles using car-pool lanes and expand over a decade to robot rides taking over the road during peak driving times.“

“Problems with drivers not paying attention or getting sleepy or getting drunk are really ripe for autonomous to do a better job than humans,” said Ron Medford, director of safety at Google’s self-driving car program and former deputy administrator of the NHTSA.

With mobile devices an added distraction, U.S. highway fatalities rose 8 percent last year, the biggest increase in 50 years.

“Behind the wheel, we are only human and we are expected to screw up,” said Raj Rajkumar, co-director of the General Motors-Carnegie Mellon Autonomous Driving Collaborative Research Lab in Pittsburgh. “There will come a point in time where we should not be allowed to drive.”

September 23, 2016

BANKNIFTY weekly charts

- trend is up on weekly charts
- some selling pressure seen past 2 weeks
- support 19000 levels
- next support around 18000 levels

NIFTY weekly chart

- trend is up on weekly charts
- last 3 weeks, NF showing selling pressure at higher levels
- this week, higher high higher low formed but 9000 not taken out
- good support around 8500 levels

Market outlook

Daily charts
- trend is up on daily charts
- market trading in a small range
- NF is up 1.7% last month and 0.5% up this month
- today, NF down 0.4% -  advance decline negative
- option writing support 8500 resistance 9000

Smallcap Indices in All Time Highs and Outperforming Nifty!! Time to be Cautious and Selective !!

Nifty has done a strong move since the bottom in February 2016 at 6850-7000 where a lot of people on the street were sure about 6400.

We did expect a sharp bounce like it did in 2012. Some old posts mentioning it.

Although i expected a lot of resistance to come in at 8000-8300 but we have taken that out with ease and even digested events like Brexit.

Technically there is no reason to doubt the trend till 8540 is taken out. But the previous top at 9000-9100 should be a stiff resistance. Also a correction after such a rally is fine and it could also be timewise where markets remain sideways in a range for quite a few months.

Conclusion - Nifty is in a strong trend but a timewise correction is possible in coming months. Price wise can be confirmed post a dip below 8540.

Now comes the part which is a bit uncomforting is the solid rally by smallcaps/midcaps and micro caps. Also being focused on smallcaps/midcaps it has been a good enough time. But the moves have now shifted to stocks which are highly illiquid and seeing sudden bursts of 20-50% moves.

One of the reasons there has been not much update is I have been busy trading/recommending the microcaps/smallcaps as well as any mention of an illiquid name can make the stocks go dizzy in such conditions. Hopefully the action shifts to liquid large caps or midcaps and i ll get to update more. Focusing on Pharma/Fmcg sector.

Whenever I find myself trading a lot of microcaps i do get a bit uneasy making that quick money. The last time I got this uneasy did not end well for the markets in next 2 months. Was just a lucky timing as I did not act enough myself but luckily discipline helped.