February 22, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed marginally in the positive
- AD was 1:2
- expecting strong resistance around 9000 levels
- option writing support 8500 resistance 9000 (Mar series)
- above means high chances of correction

INDIACEM trading at 7 years high

Monthly chart

UJAAS - good example of stock forming support and then breaking it

February 21, 2017

Option writing trades - V

Resuming this series thanks to popular demand. Previous trades are available here.

To make it easier for me, I will post my trades only on trend reversal. I will also not be posting the MTM everyday as I assume readers are smart enough to figure out if the trade is in profit or not.

All trades are based on 15 min charts.

My usual trade quantity is 900.

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed in positive
- AD was flat, VIX marginally down
- note that with today's bar, Friday's bear bar is fully negated
- immediate support 8800 and then 8700
- expecting resistance near 9000 and 9200

February 20, 2017

Market outlook

Daily charts
- trend is up on daily charts
- today, NF took support at 8800 and recovered
- AD was 2:1, VIX up marginally
- expecting stiff resistance around 9000 levels.
- note if 2 days "joined" candlestick is considered, a "hanging man" is formed today
- immediate support is at 8800... holding this will be positive this week

Neowave analysis of markets

The 2 consecutive Doji candles on weekly chart suggested continuing struggle between Bulls and Bears. In the meanwhile, the broader market continued to under-perform. While the IT/Pharma/Bank sectors gained 1-1.5%, the Realty/Auto/PSUs/Capital Good sectors lost 1-3% each. Stock-wise profit-booking continued for the 2nd consecutive week. For every advancing stock, there were more than 2 declining 

Being a trader is not about predictions

Trading is all about risk management, position size and an edge. A sound psychological makeup helps.

Making money has nothing to do with predictions or calls.

Release the Pressure: an open letter to parents - short video

65% of IT employees not trainable in new technologies, likely to lose jobs, says Capgemini CEO

Capgemini India Chief Executive Officer Srinivas Kandula has said that 65% of employees in the country’s information technology industry are not trainable in new technologies, PTI reported on Sunday. At the National Association of Software and Services Companies annual conference in Mumbai, Kandula warned of high job losses at the middle and senior levels at domestic IT companies because of a change in the nature of work.

Kandula also raised concerns regarding the quality of the workforce, saying that many of the 3.9 million employees in the sector had been educated at sub-par engineering colleges which did not follow standard grading patterns. Companies had also not invested enough in upgrading their employees’ skill sets as they were answering to investors only seeking high returns, the CEO added.

Read more at https://scroll.in/latest/829780/65-of-it-employees-not-trainable-in-new-technologies-likely-to-lose-jobs-says-capgemini-ceo