September 20, 2017

Market outlook

Daily charts
- trend is up ... from 8200 levels... no sell signal so far
- today, NF closed flat... AD too was flat
- swing low support 9700
- higher support at 9900
- 10000 important support for option writers

Economic slowdown likely to worsen: Ambit

The government’s inability to train and educate its people, automation-led job losses, and demonetisation-induced closure of informal sector firms could seriously hurt India’s economic prospects, according to Ambit Research.

The slowdown is resulting in job losses, especially in the blue- collar segment, and a broad-based deterioration in the land and real estate markets. “Investors who ignore these effects and continue to pile into expensive Indian stocks are treading on water,” it said.

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September 19, 2017

Stock watch: POWERGRID

- trend is up
- support 210
- stock is near all time highs

Stock watch: PNB

- trend is up
- support 130
- resistance  170

Stock watch: PIDILITIND

- trend is up
- support 810
- stock is trading near all time highs

Market outlook

Daily charts
- trend is up on daily  charts
- today, NF closed flat at 10147
- AD was flat
- swing low support 9700

Today's swing trading signals

LAST updated: 19-SEP-2017 

Buy signals: ABB - ADFFOODS - ASIANTILES - BEML -
BHARATFORG - CAPLIPOINT - CDSL - CESC - CHAMBLFERT - FSL - GAIL - GEOJITFSL - GSPL HBLPOWER - IGL -
INDIAGLYCO - INFRATEL - ITI - JAICORPLTD - JINDALSAW -
KAJARIACER - KEI - KOTAKBANK - LEEL - MFSL -
MOTHERSUMI - PFC - RAIN - RIIL - SUNFLAG - TATACHEM -
TATAGLOBAL - TATAMOTORS - TRENT - VRLLOG -

Sell signals: INDIGO - SBIN -

NOTE: All signals based on kplswing indicator. Click on stock name for trading possibilities.

 

September 18, 2017

How to fool millions of citizens



Rough translation: the guy who said he will bring 4L crores of black money from abroad is now taking a loan of 1L crore from Japan.

What I felt ironic and funny was I actually fell for the first one and genuinely believed he will bring the black money. Taking a loan now is the other extreme.

Stock watch: PGHH

- trend is up
- SL 7900
- stock is trading near all time highs
- 10 year CAGR is approx 27% pa


Stock watch: PFC

- trend is down
- stock has given up all gains made this year
- this year's low is 112