December 19, 2018

NSE to launch weekly options on Nifty index...

- every week is expiry week
- option writers to have a blast
- those who like trading in expiry week can do so now every week

Read more at:

Alan Greenspan says the party's over on Wall Street

The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.

"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.

He added that markets could still go up further — but warned investors that the correction would be painful: "At the end of that run, run for cover."


December 18, 2018

NIFTY 50 weekly options... will the writer always win?

My trades

I went long in nifty futures based on Renko charts on Friday with box size of 20 points. Since in renko charting system the reversal box appears when the price moves twice the box size, my stop loss was 40 points.

Entry price       - 10823 ( it had to be 10820 but i could not punch order at that exact price)

Stop loss price - 10780

Trailed  SL       - 10820

Reasoning behind this trade set up : I usually take trade based on kpl swing indicator. But this time i just experimented with renko chart. What i strongly believe and learnt from Kamalesh sir is that no matter how the trade set up is built, if that set up involves a stop loss to control the loss and also provides a scope for that trade to make big profits then it can be taken.

This particular trade mentioned above is now virtually risk free ( Ignoring over night risk as i mitigate it with OTM options) since i have shifted my stop loss to the entry point. Now i dont really have any exit plans for this trade when it is moving in my profit zone. Will update about this trade when i make a exit.

I will also be taking trades based on kpl swing from tomorrow and same will be posted .

P.S. - This is my first experience in blogging , so please forgive me if i lack clarity in my writing and help me in making it better. I also want to thank kpl sir for giving me this opportunity.

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.2% in positive at 10908
- AD was 10:8

- option writing support 10000 resistance 11000

December 17, 2018

Why this selling at higher levels?

#Vodafone issues loyal customer frustrated

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.8% in positive at 10888
- AD was 10:7

- option writing support 10000 resistance 11000

Does your qualification matter?

A raft of messages have been doing the rounds of social media denigrating the new Reserve Bank of India (RBI) governor Shaktikanta Das for his lack of specialized knowledge, saying his masters’ degree in history does not equip him for the job he now holds.

Granted, going by the academic heft of his immediate predecessors—Urjit Patel, a BSc from the London School of Economics with an MPhil from Oxford, and Raghuram Rajan, an IIT-Delhi and IIM-Ahmedabad grad who earned his doctorate from the Sloane School of Management at MIT —Das may come across as a relative lightweight.

However, what matters here is not mere academic prowess, but what the candidate brings to the table. In Das’ case, it will be his wide experience, having held several important posts in the government.

After all, if educational qualification were to be the benchmark, let’s consider the limited examples of Michael Dell, Steve Jobs, Bill Gates and Mark Zuckerberg, all of whom dropped out of college only to make it big.

December 15, 2018

BANK NIFTY EOD and Intraday charts

Daily charts:
- trend is up
- support 26000
- resistance 27000

December 14, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed flat at 10805
- AD was flat

- option writing support 10000 resistance 11000

Buy signals

TickerDate/TimeClose% Ch 1DSL90 Day Hi120 Day HiAll time Hi

December 13, 2018

Today the faster move has happened to the downside

Stock signals

Stock nameClose% Ch20 Day Swing IndicatorLast Month'sRSI
TrendDatePriceReturn %Fixed SLTrailing SLHighLow5 D14 D
||||| 3MINDIA23438.804.00%BUY30/11/1821634.008.3420699.9520121.0021701193007867
||||| BAJAJ FINSV6159.402.50%BUY21/11/185851.955.255612.005578.00610053717061
||||| BANDHANBNK504.256.50%BUY16/11/18476.205.89462.00430.004983918064
||||| COLGATE PALMOLIVE1303.502.00%BUY20/11/181157.9512.571190.001110.00126410887468
||||| CROMPTON227.602.00%BUY02/11/18218.304.26207.30201.002232017968
||||| GODREJ CONSUMER808.704.00%BUY03/12/18771.404.84728.25697.007646708368
||||| GSKCONS7751.050.50%BUY03/12/187547.402.707077.006859.00745068597968
||||| HINDUSTAN UNILEVER1855.550.50%BUY02/11/181638.4513.251742.251663.00179815847166
||||| IDBI61.550.50%BUY09/11/1861.200.5759.1059.1062598064
||||| INDIAN BANK239.055.00%BUY13/12/18239.050.00210.80210.002702208058
||||| INFOSYS697.752.50%BUY13/12/18697.750.00660.60599.006906007461
||||| LTI1748.507.50%BUY13/12/181748.500.001436.701436.00178214908463
||||| NESTLE10996.551.00%BUY31/10/1810147.858.3610232.0010138.001089099048066
||||| PTC INDIA86.851.00%BUY29/10/1878.5010.6478.5577.2084767364
||||| RAYMOND864.256.00%BUY29/10/18745.3515.95755.65755.008307277767
||||| RBLBANK581.601.00%BUY09/11/18551.655.43535.60524.005775188265
||||| RELIANCE INFRA286.95-3.00%SELL05/12/18307.356.64351.00368.003813242132
||||| SUPREMEIND1050.955.00%BUY13/12/181050.950.00937.60937.0010449578869
||||| TITAN944.151.50%BUY31/10/18844.6011.79893.30889.009348347064
||||| TRENT349.802.50%BUY10/07/18340.602.70315.05315.003453197864
||||| UJJIVAN245.608.00%BUY13/12/18245.600.00207.05207.002392038363

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.5% in positive at 10792
- AD wsa 10:7

- option writing support 10000 resistance 11000

December 12, 2018

Current open positions delivery

StockClose% ChangeBought atBuy DateRemarksTrailing StoplossReturns %
ADANIPORTS374.455.2634615/11/2018Hold long positions3508.16
BAJAJ-AUTO2848.403.97272429/11/2018Hold long positions26004.57
BAJFINANCE2493.952.77240216/11/2018Hold long positions23603.82
BRITANNIA3056.501.98297416/11/2018Hold long positions29602.78
COLPAL1272.952.34114816/11/2018Hold long positions118010.92
DABUR430.554.3941926/11/2018Hold long positions3902.74
DRREDDY2586.35-4.78252919/11/2018Hold long positions25402.28
HAVELLS704.801.9466613/11/2018Hold long positions6605.80
HDFC1940.201.83182513/11/2018Hold long positions18606.33
HDFCBANK2085.301.25200416/11/2018Hold long positions20404.04
HEROMOTOCO3258.657.23296216/11/2018Hold long positions298010.02
HINDUNILVR1839.102.46167113/11/2018Hold long positions172010.05
KOTAKBANK1237.151.51116916/11/2018Hold long positions11405.87
L&TFH143.904.6513721/11/2018Hold long positions1305.42
PIDILITIND1152.152.76106313/11/2018Hold long positions11208.36
RELIANCE1110.501.18112716/11/2018Hold long positions1080-1.50
SIEMENS962.402.6598116/11/2018Hold long positions900-1.94
TCS2016.800.84196129/11/2018Hold long positions19402.87
TITAN929.95-0.3489813/11/2018Hold long positions8903.62

About 10-15 stocks got stoplossed in past few days... above positions are still open