September 21, 2019

Option writers this Friday

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How India's corporate tax compares with neighbours

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NIFTY weekly charts

- trend is up (from this week)
- huge engulfing bar formed
- market crosses AUG master candle

- next resistance 11500-11600
- support 10600 to hold this year?



BANK NIFTY technicals

- trend is up now
- triple bottom / swing low formed around 26500
- next resistance 30500

September 20, 2019

Open Interest analysis

Long build up:
ACC-FUT - ARVIND-FUT - BPCL-FUT - CENTURYTEX-FUT - CESC-FUT - CHOLAFIN-fut - CONCOR-fut - DLF-FUT - DRREDDY-FUT - GMRINFRA-FUT - TATAPOWER-FUT -

Long unwinding:
INFY-FUT - JUSTDIAL-fut - NTPC-FUT - TCS-FUT - ZEEL-FUT -

Short build up:
POWERGRID-FUT -

Short covering:
AMARAJABAT-fut - APOLLOHOSP-fut - APOLLOTYRE-fut - ASHOKLEY-FUT - ASIANPAINT-FUT - AUROPHARMA-FUT - AXISBANK-FUT - BAJFINANCE-fut - BALKRISIND-fut - BANKINDIA-FUT - BANKNIFTY-FUT - BEL-fut - BHARATFORG-FUT - BHARTIARTL-FUT - BRITANNIA-fut - BSOFT-FUT - CANBK-FUT - CASTROLIND-fut - CUMMINSIND-fut - DISHTV-FUT - DIVISLAB-FUT - EICHERMOT-fut - ENGINERSIN-fut - EXIDEIND-fut - FEDERALBNK-FUT - GODREJCP-fut - HAVELLS-fut - HDFC-FUT - HEROMOTOCO-FUT - HINDPETRO-FUT - ICICIBANK-FUT - ICICIPRULI-fut - IDBI-FUT - IDFCFIRSTB-FUT - IGL-fut - INDIGO-fut - INDUSINDBK-FUT - JSWSTEEL-FUT - JUBLFOOD-fut - KAJARIACER-fut - KOTAKBANK-FUT - L&TFH-fut - LICHSGFIN-FUT - LT-FUT - M&M-FUT - M&MFIN-fut - MCDOWELL_N-fut - MCX-fut - MINDTREE-fut - MUTHOOTFIN-fut - NATIONALUM-fut - NBCC-fut - NCC-fut - NIITTECH-fut - OFSS-fut - PAGEIND-fut - PEL-fut - PFC-FUT - PIDILITIND-fut - PNB-FUT - PVR-fut - RBLBANK-fut - RECLTD-FUT - RELIANCE-FUT - SAIL-FUT - SBIN-FUT - SHREECEM-fut - SIEMENS-FUT - SUNTV-FUT - TATACHEM-FUT - TATAELXSI-fut - TATAGLOBAL-fut - TATAMOTORS-FUT - TITAN-FUT - TVSMOTOR-fut - UJJIVAN-fut - ULTRACEMCO-FUT - VOLTAS-FUT - WIPRO-fut -

Swing trading signals :: 20-SEP-2019

Swing trading signals :: 20-SEP-2019

  • This report is for your personal use only and is valid for next trading day.
  • Signals are generated using the kplswing indicator.
  • Algorithm: BUY signal is generated if a stock closes above 20 days high and vice versa.
  • Ignore signal if stock is rangebound for extended periods of time.
  • Hint: give preference to stocks making 52 week highs or all time highs or breaking out from a range.
  • Stock name is highlighted in case of first signal of the trend.
  • Exits: There are no targets and exits are based on a trailing stoploss. Returns are whatever the market gives - 20%, 100%, etc.
  • Trailing SL: For long positions, use last week's low or 10 days low.
  • Click on stock name link for charts, more info etc
  • Risk Management: Limit investment per stock to 3% of trading capital.
  • Important: Trade in cash only and never in futures.
This information is for your study only and is not a recommendation to buy or sell

This is bad news for citizens of any country... it never ends well

Note: this has nothing to do with the current government. Anyone in power is bound to do this...



Read more at https://economictimes.indiatimes.com/news/politics-and-nation/india-is-planning-a-huge-china-style-facial-recognition-program/articleshow/71213132.cms

Market outlook + Nirmala Sitharaman candle formed

Daily charts:
- trend is up on daily charts (wef today)
- today markets closed 5.3% in positive at 11274
- AD was 13:5

- today was biggest green candle in past 4-5 years
- I call this the Nirmala Sitharaman candle (history was made)
- as it came on back of heavy reforms
- these reforms were actually like a budget except that
- it was more bolder than what was presented in the past
- wish this was done before

- the size of the candle and location means 10600 may hold this year
- resistance around 11600 levels

- today a lot of people lost money by taking wrong positions or
- not having any risk management
- sometimes you may miss a move... this is ok
- but do not ever get caught on the wrong side

Was there any hint of trend reversal?
- yes... number of stocks making new 52 week lows had dropped dramatically
- a lot of buy signals were coming in delivery trades which we took
- but in nifty unless some swing high is crossed, you cannot trade long
- it is then sheer bad luck that a market gains 5% in a day and then crosses swing high
- so the key takeaway is you cannot capture every single move
- yet to meet a person who has been able to do this consistently (trollers please note)

This candle will henceforth be known as the Nirmala Sitharaman candle


FM unveils $20b tax booster for India Inc; D-Street sees biggest rally in a decade

Finance Minister Nirmala Sitharaman on Friday delivered a major tax bonanza to domestic businesses and manufacturing firms, lowering corporate tax rates to one of the lowest levels in Southeast Asia and allowing new manufacturers to avail minimum corporate tax at 15 per cent.

Sitharaman said the revenue foregone on reduction in corporate tax and other relief measures will be Rs 1.45 lakh crore annually, which means a $20 billion booster to an economy that g ..



Read more at https://economictimes.indiatimes.com/markets/stocks/news/sensex-jumps-over-900-points-nifty-tops-10950-on-fm-tax-booster/articleshow/71213518.cms

Factory investment at 3-year low of Rs 3.31 lakh cr in 2017-18: Survey

Factory investment in 2017-18 hit a three-year low of Rs 3.31 lakh crore in actual terms, according to the annual survey of industries by the Statistics and Programme Implementation Ministry. Factory investment measured in terms of gross fixed capital formation (GFCF) was Rs 3.79 lakh crore and Rs 3.69 lakh crore in 2015-16 and 2016-17, respectively, provisional estimates of the survey for 2017-18 showed.

The previous low of GFCF in actual terms was recorded at Rs 3.23 lakh crore in 2014-15.

The Gross Fixed Capital Formation is a barometer of investment in any sector or segment.

Read more at https://www.financialexpress.com/economy/factory-investment-at-3-year-low-of-rs-3-31-lakh-cr-in-2017-18-survey/1711532/

September 19, 2019

Don't tamper with nature

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 1.25% in negative at 10705
- AD was 4:13

- next support 10600 and then 10500
- this is another congestion area

September 18, 2019

Trending stocks

LAST updated: 18-SEP-2019 
DABUR
DABUR chart

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.2% in positive at 10840
- AD was flat

- VIX down 5%
- option writers expect 10800 to hold

ITC generated 23% CAGR since 1975

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Some Daytraders making money consistently


September 17, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 2.5% in negative at 10818
- AD was 5:13

- VIX up 7%
- today's fall gets the H&S rejected

- only 45 stocks made new 52 lows - this is good sign

- note we are still trading within AUG high low range

Our PM is unlucky twice

RBI governor "surprised" by bad GDP figures