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August 26, 2016

BANKNIFTY weekly charts

- trend is up on weekly charts
- holding 18800 is bullish for BNF
- next resistance 21000

NIFTY weekly charts

- trend is up on weekly charts
- last 3 weeks, NF forming hanging man
- this has bearish implications
- confirmation will be weekly close below 8500 and near low of the week
- resistance 9000

Market outlook

Daily charts
- trend is up on daily charts
- markets rangebound and trading near support
- option writing support 8500 resistance 9000


Trading Tricks Templates


Make these kind of templates and stick them up near your desktop computer or maybe on a wall where you will see them everyday.

Unified Payments Interface launched... a Primer

Image result for mobile bankingUnified Payments Interface (UPI) is an architecture and a set of standard APIs to facilitate the next generation online immediate payments leveraging trends such as increasing smartphone adoption, Indian language interfaces, and universal access to Internet and data.[2] UPI was launched by National Payments Corporation of India with Reserve Bank of India's vision of migrating towards a 'less-cash' and more digital society.
UPI will eliminate the need of sharing long Bank account numbers and IFSC codes and making the payment hassle free.
  • UPI offers the facility to identify a bank customer with an email-like virtual address. Since bank account details are not given in this virtual address, the customer can freely share the UPI financial address with others. Users need to download the app and register before using it.
  • A customer, for example, can also decide to use a mobile number or a short name for the virtual address such as XYZ@icici or 123456789@axis 
  • UPI allows a customer to have multiple virtual addresses for multiple accounts in various banks.
  • For making payment, the transaction will be complete once the customer authenticates the transaction through a secure PIN.
  • The other benefits of this mobile payment mechanism include its round-the-clock availability and faster checkout.
  • One can use the UPI app instead of paying cash on delivery (COD) on receipt of product from online shopping websites, and can pay for miscellaneous expenses like utility bills, over the counter payments and school fees.
  • The Unified Payments Interface is an advanced version of the existing payment system IMPS, which offers instant 24X7 interbank electronic fund transfers across India through mobile, internet and ATMs.
  • National Payments Corporation of India said the UPI app will be available in next two to three working days for the customers to download and start using.
  • Andhra Bank, Axis Bank, Bank of Maharashtra, Canara Bank, DCB Bank, Federal Bank, ICICI Bank, Oriental Bank of Commerce, Karnataka Bank, UCO Bank, Union Bank of India, United Bank of India, Punjab National Bank are some of the banks that have joined the UPI platform. 
  • Infosys co-founder Nandan Nilekani has been an adviser to NPCI on the UPI project. Reserve Bank of India Governor Raghuram Rajan in April this year had soft-launched the new payment mechanism and it has been on a pilot run since then.

World's First Self-Driving / Autonomous Taxis Hit the Streets of Singapore

Offbeat Video: Pokemon players run in stampede in Taiwan

Is this the future of humanity?

How long does it take to discover Welspun India’s new worth?

Graphic: Naveen Kumar Saini/MintIn four trading sessions, Welspun India’s market valuation came down to Rs5,700. If there were no circuit filters, we would have known this within minutes on Monday

According to some market experts, there should no curbs on price discovery at all. For instance, when Ramalinga Raju spilled the beans about the fraud at Satyam Computer Services Ltd on 7 January 2009, within minutes, the stock lost two-thirds of its value and traded at Rs.60 per share; by the end of the day’s session, it had fallen to Rs.40. As it turns out, the stock largely traded in the Rs.40-60 band for the next few months, and Tech Mahindra Ltd ended up buying it for Rs.58 per share.

But regardless of whether the markets get their valuations right or wrong, circuit filters prevent investors from exiting positions during the most desperate times. For this reason alone, Sebi should consider an alternative to the existing system.


Nifty Indicating Bounce above 8728 – EW Analysis for 26 August Onward

Deepak Kumar | August 25, 2016

Nifty opened mild gap up today at 8668 and bounced to register day’s high 8683 but failed to sustain at higher levels and declined sharply by 100 points from high to register day’s low 8583 before closing 58 points down at 8592.

Yesterday, short term trading strategy was “Buying on Dips” and longs taken in 8594-8570 were suggested to hold using stoploss at 8594 expecting 8728 on upside. Further, suggested to avoid shorts even if stoploss of 8594 triggers as long as Nifty is trading above 8540. Trailing stoploss of 8594 triggered but trade was giving 90 points profit (8594 to 8683) at the risk of 54 points, thus the trade must be finished in either profit or cost to cost. Let’s have a fresh look at latest charts for further scenario.


August 25, 2016

Man vs Machine: Artificial Intelligence to kill jobs in India

Automation is deindustrialising India, which is not sufficiently innovative to face up to the threats posed by artificial intelligence, nor equipped to build on its mainstay capabilities in agriculture and other traditional industries.

The pronouncement by consulting giant Capgemini to replace almost 40% of its work done by its resource administration group with IBM's cognitive computing system, Watson, is an unmistakable sign that it is not simply dull or mechanical jobs that are at danger. Artificial intelligence (AI) is equipped for going up against those assignments that require analytical skills. The undertakings from education and ability advancement just got harder.

A granular look at employment trends, however, shows that job creation dropped significantly during Modi’s reign – down from 4.2 lakh incremental jobs created during January-December 2014 to 1.35 lakh in the following year across eight core sectors. Also, a structural shift in India’s labour markets – an increased emphasis on automation across industries and the inability of policy makers in gauging the looming threats posed by mega tech trends – has made an already monumental task of providing jobs to 12 million new market entrants every year over the next two decades, into an exceptionally onerous one for the NDA government.