August 31, 2017

INFY charts and recent news update

First, recollect this post



Stock did NOT open 7-10% on Monday.... more like 4-5% up.

Now it is back to Friday levels.

NIFTY closes above 9800 this expiry... writers win

Remember this post?



Open interest analysis for SEP series will be posted after Friday's F&O bhavcopy is released.

NIFTY monthly charts

- trend is up
- NF yet to form "lower high lower low" candlestick
- swing low support at 9700
- deep support 9000

BANK NIFTY monthly charts

- trend is up
- fastbreak of 23000 may imply trend reversal
- next support 20000



Swing trading signals :: 31-AUG-2017

Swing trading signals :: 31-AUG-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
||||| ADLABS72.3011.00%7.00%BUY52.508069
||||| ASIANPAINT1168.551.00%1.50%BUY1114.0011721104
||||| ASIANTILES457.003.50%9.50%BUY380.00469405
||||| BBTC1003.807.50%14.00%BUY842.35945867
||||| BSE973.30-0.50%-10.00%SELL1100.0011781052
||||| CHENNPETRO448.353.50%8.00%BUY363.75412350
||||| CRISIL1892.050.50%2.50%BUY1785.2520021839
||||| DELTACORP194.303.00%15.00%BUY157.00178154
||||| EQUITAS175.253.50%7.00%BUY149.95174150
||||| FCONSUMER50.701.50%20.00%BUY36.754630
||||| FINCABLES537.851.00%12.50%BUY465.75524459
||||| FRETAIL535.154.50%32.00%BUY382.60450366
||||| GET&D408.605.50%7.50%BUY354.00434317
||||| GRAVITA122.106.00%37.50%BUY85.059280
||||| GRUH521.453.00%3.00%BUY451.00517436
||||| HINDUNILVR1219.751.00%3.50%BUY1143.5511951081
||||| HSCL105.106.00%21.00%BUY72.608873
||||| HSIL389.903.00%5.50%BUY331.00424364
||||| IMFA658.509.00%24.50%BUY465.00593470
||||| INFRATEL375.20-2.00%-7.00%SELL408.90425374
||||| ITI100.351.50%3.00%BUY72.2010690
||||| JBMA401.108.50%14.50%BUY301.60389263
||||| JKPAPER102.152.50%7.50%BUY88.7010190
||||| JMFINANCIL134.205.50%11.50%BUY112.50130115
||||| JUSTDIAL391.303.50%5.00%BUY327.55402348
||||| KAKATCEM415.7515.00%8.50%BUY299.00410371
||||| KANSAINER508.607.00%11.00%BUY427.00468434
||||| KCP117.9512.50%14.00%BUY92.30114103
||||| KIRIINDUS368.2016.50%19.00%BUY230.00316263
||||| KRIDHANINF95.056.00%21.00%BUY75.008573
||||| MAITHANALL525.905.00%17.50%BUY402.50499452
||||| MEGH78.657.00%52.00%BUY48.505750
||||| NESTLEIND7121.251.00%6.00%BUY6532.0069896675
||||| RBLBANK544.601.00%2.50%BUY474.95552504
||||| SARDAEN448.7012.50%50.50%BUY284.15310247
||||| SAREGAMA443.804.00%10.00%BUY342.05435263
||||| SCHAEFFLER4949.7516.00%9.50%BUY4128.0500
||||| SCI99.952.00%21.00%BUY80.008780
||||| SHAKTIPUMP534.706.50%7.00%BUY429.60539456
||||| SHK237.85-2.00%-11.00%SELL269.80283258
||||| SHREYAS417.705.00%26.00%BUY290.00350324
||||| SHRIRAMCIT2058.65-2.00%-12.00%SELL2389.9026162216
||||| SREINFRA128.254.00%4.50%BUY103.55138112
||||| SUPREMEIND1201.553.50%7.50%BUY1020.1012401052
||||| THOMASCOOK230.106.00%2.00%BUY211.75255220
||||| VADILALIND1080.6519.00%14.50%BUY801.20948803
||||| VIPIND226.502.50%28.00%BUY175.10198171
||||| WIPRO299.102.50%1.00%BUY284.90294252
||||| ZUARI430.605.50%15.50%BUY335.05435370

Stock watch: HDFCBANK

- trend is up from Jan this year
- support 1700
- stock is trading near all time highs

Stock watch: HDFC

- trend is up from Jan this year
- no sell signal so far
- support 1650
- stock is trading near all time highs

Stock watch: HCLTECH

- stock is rangebound on weekly charts
- channeled move is in existence for more than a year
- this means very difficult to make money (going by past data)
- situation will remain same unless there is a breakout from channel
- this looks difficult as of now



Stock watch: HAVELLS

- trend is up
- support 450
- stock is trading in triangle formed by MAY high/ low levels

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.% in positive at 9917
- AD was 3:2
- VIX dropped 7%
- NIFTY closed near upper trendline of triangle
- breakout from upper trendline can give 200 points rally

Demonetisation fiasco: Where is the black money if 99.86% banned notes are back?

... it is now safe to conclude that on a cost-benefit analysis, the RBI has only losses due to the demonetisation exercise it ‘recommended’ to the Modi government. No big black money in cash got perished outside the banking system as the government expected initially. On the contrary, both the RBI and government had to take a hit as far as the cost of this humongous exercise is concerned -- one of the major reasons why the RBI’s dividend to the government fell by half this time.

The RBI transferred just Rs 30,659 crore as dividend to the government for the year ended June 2017, less than half the previous year's levels. Last year, it transferred Rs 65,876 crore to the government. This year, the expectation was Rs 74,901 crore will flow into the government exchequer, partly due to the demonetisation gains.... Source: Firstpost


RBI says 98.96% of Rs 500, Rs 1000 notes returned after ... - Livemint

www.livemint.com › Industry › Financial Services

16 hours ago - The government had banned Rs 1000 notes and Rs 500 notes after demonetisation. Photo: Ramesh Pathania/Mint. Mumbai: According to ...

How demonetisation was unprofitable for RBI - Livemint

www.livemint.com › Industry › Financial Services

2 hours ago - While demonetisation was one of the key reasons for lower profits for the RBI, the government bore the brunt in the form of lower dividend from ...

Demonetisation: RBI says 99% banned notes are back; where is the ...

www.firstpost.com/.../demonetisation-rbi-says-99-banned-notes-are-back-where-is-the...

3 hours ago - With the figures finally out, it is now safe to conclude that on a cost-benefit analysis, theRBI has only losses due to the demonetisation exercise ...

Demonetisation: Nearly all Rs 1,000 notes returned says RBI

timesofindia.indiatimes.com › Business › India Business News

13 hours ago - The report further says that the cost incurred by RBI in printing notes ... of 632.6 crore have not returned into the system since demonetisation ...

Demonetisation: Almost 99 per cent of Rs 500, 1000 notes back ...

indianexpress.com › Business › Banking And Finance

5 hours ago - The Reserve Bank of India (RBI) Wednesday disclosed that almost 99 per cent of Rs 500 and Rs 1,000 currency notes which were withdrawn ...

RBI demonetisation report: 99 pct old Rs 1000 notes back, 8.9 crore ...

www.financialexpress.com › Economy

19 hours ago - The Reserve Bank of India (RBI) in its annual report for 2016-17 confirmed that almost 

August 30, 2017

Stock watch: GSKCONS

- trend is down
- double top at 5600
- no buy signal so far

Stock watch: GODREJCP

- trend is down
- all time high/ resistance is 1080
- support 850

Stock watch: GLENMARK

- trend is down
- no buy signal
- good support at 600 on monthly charts

Stock watch: GLAXO

- trend is down
- support 2300 on monthly charts
- stock has been correcting from 3890 (all time high)

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.9% in positive at 9884
- AD was 3:1 while VIX dropped 5%
- NF is trading in a triangle
- breakout from triangle will give a move of 200 points
- direction of breakout unknown
- swing low/ support at 9700 (earlier it was 9400)

5 things not commonly known about the NIFTY

Some interesting read:

5. How the NIFTY 50 is decided:

The NIFTY started in 1996 as a full market-capitalisation weighted index, i.e. (number of shares outstanding X share price) to find largest companies by full market capitalisation. In June 2009, it shifted to the float-adjusted market-capitalisation weighted methodology, i.e. (number of shares available for trading X share price). This method excludes the shares owned by promoters to include only companies with significant number of shares available to outside investors and traders. This ensures liquidity and therefore lower price volatility.

The stocks in the index account for approximately 65% of float-adjusted market cap of the 1600 companies listed on the NSE

4. What NIFTY “levels” mean

The base period for the NIFTY 50 index is November 3, 1995, which marked the completion of one year of operations of NSE’s Capital Market Segment. The base value of the index was set at 1000, and a base capital of Rs 2.06 trillion (Rs 206,000 Crores).

NIFTY Index level at any given instant  = Current Market Capital / Base Capital X Base Index Value (1000)

Note how NIFTY levels only consider price movements and not dividends received. NSE also offers the Total Returns Index that addresses this drawback in calculating total returns. As a thumb rule, add 1 – 1.5% to NIFTY return to arrive at actual return.

Read more at https://thecalminvestor.com/nifty-5-things

August 29, 2017

Stock watch: GAIL

- trend is down
- stock trading in a range for past 2 months
- trading range is 350-395

Stock watch: EMAMILTD

- trend is down
- buy above level is 1160
- next support 1000

Stock watch: EICHERMOT

- trend is up
- support 28000
- stock near all time high

Stock watch: DRREDDY

- trend is down
- support at 1750-1800 on monthly charts

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 1.2% in negative at 9796
- AD was 1:2 (not bad)
- VIX up 7%
- swing low support at 9700
- triangle clearly visible
- if triangle breaks on downside, correction to 9550-9600 possible
- triangle breakout on upside will give rally to 10200 levels.

Correction in different indices: observation

Today, NF corrected by 1.2%.

Normally, a correction of 1% leads to a correction of 1.50 to 2.5% in other indices (mid caps, small caps).

However this (deeper correction) did not happen today. The correction was uniform across all indices as can be seen from the table below.


August 28, 2017

Stock watch: DLF

- trend is down
- resistance 210
- support 155


Stock watch: DIVISLAB

- trend is down
- resistance 700-800
- support 530

Stock watch: DABUR

- trend is up
- support 295
- stock is trading near lifetime highs

Stock watch: CUMMINSIND

- trend is down
- sustaining above 965 may lead to a rally
- strong resistance 1030
- support 840

Swing trading signals :: 28-AUG-2017

Swing trading signals :: 28-AUG-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
||||| AIAENG1310.25-2.50%-8.00%SELL1485.5014791364
||||| BAJFINANCE1829.953.50%8.50%BUY1590.0017401366
||||| BBL1092.55-10.00%-18.00%SELL1375.0014201250
||||| BHARTIARTL434.400.00%4.00%BUY403.75432373
||||| BOMDYEING92.608.50%11.00%BUY65.559381
||||| BSE985.05-1.00%-9.00%SELL1107.0011781052
||||| CESC1019.606.50%13.50%BUY893.55948860
||||| CHAMBLFERT148.853.00%13.00%BUY117.05141120
||||| COLPAL1100.250.50%2.00%BUY1027.5011391059
||||| DBL622.504.50%20.00%BUY492.75550449
||||| DEEPAKNTR180.455.50%9.00%BUY142.20195160
||||| DELTACORP186.452.00%13.00%BUY157.00178154
||||| DMART1046.155.00%16.50%BUY860.00964808
||||| FCONSUMER49.454.00%19.00%BUY36.754630
||||| FEL46.305.00%24.00%BUY34.304132
||||| FSL37.9012.50%15.00%BUY32.603832
||||| GICHSGFIN538.708.00%3.50%BUY465.60579508
||||| GODREJPROP540.554.00%4.50%BUY487.60540501
||||| GRASIM1143.000.50%6.50%BUY1039.5010871040
||||| GUJALKALI433.603.00%6.50%BUY380.55417378
||||| HEG595.3013.50%30.00%BUY446.55508370
||||| HIL1205.507.50%7.50%BUY940.651180971
||||| HINDOILEXP82.5011.50%7.50%BUY67.058171
||||| IMFA593.958.50%9.00%BUY465.00593470
||||| INSECTICID818.106.50%14.00%BUY694.70726626
||||| IOC440.702.50%19.00%BUY364.10399364
||||| JKPAPER100.050.50%3.50%BUY88.7010190
||||| KANSAINER472.700.50%4.00%BUY427.00468434
||||| L&TFH188.057.50%16.50%BUY158.55176141
||||| LAURUSLABS510.90-2.00%-14.00%SELL595.00636572
||||| MAJESCO393.751.50%8.00%BUY328.05399303
||||| NESTLEIND7048.606.50%3.50%BUY6532.0069896675
||||| RAMCOIND264.458.50%12.50%BUY217.85252231
||||| RELIGARE55.55-4.00%-45.00%SELL111.5017092
||||| SARDAEN395.953.50%40.00%BUY280.05310247
||||| SUNFLAG59.855.00%32.00%BUY42.054836
||||| SWANENERGY142.259.00%6.50%BUY109.10142127
||||| TFCILTD115.5515.00%12.50%BUY86.1011199
||||| TINPLATE150.305.00%8.50%BUY119.3015393
||||| TRIDENT97.0012.00%15.00%BUY74.808874
||||| VIPIND222.054.50%26.50%BUY171.05198171
||||| VISAKAIND626.4515.50%30.50%BUY410.10545458