Daily charts:- trend is up on daily charts
- today, nifty closed 1.24% in positive at 10735
- the recovery was from 10600 (double bottom support)
- VIX down 8%
- AD was 11:7
February 20, 2019
Market outlook
Daily charts:- trend is up on daily charts
- today, nifty closed 1.24% in positive at 10735
- the recovery was from 10600 (double bottom support)
- VIX down 8%
- AD was 11:7
Avoid fundamentals
Why I don't use fundamentals:$WTC.au— The Chartist (@thechartist) February 20, 2019
Revenue up 68%
EBITDA up 52%
NPAT up 48%,
On track FY19
Stock down 15%
February 19, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in negative at 10604
- AD was 10:7
- midcap, small cap indices closed in positive
- markets at double bottom support at 10600
- signs of buying seen in past 2 out of 3 days on nifty (shadows on candlesticks)
- option writing: highest OI seen at 10800 CE in weekly series and 11000 CE in monthly series
Not posting intraday charts due to some issue with missing bars.
- trend is up on daily charts
- today nifty closed 0.3% in negative at 10604
- AD was 10:7
- midcap, small cap indices closed in positive
- markets at double bottom support at 10600
- signs of buying seen in past 2 out of 3 days on nifty (shadows on candlesticks)
- option writing: highest OI seen at 10800 CE in weekly series and 11000 CE in monthly series
Not posting intraday charts due to some issue with missing bars.
The secret of not getting trapped
The secret of never getting trapped. Very precisely explained by @Prashantshah267. Every time I read the book, I improvise. Looking forward to meet you and @ap_pune on 22nd Feb . pic.twitter.com/oxIB7UGYgW— Vithal (@srvithal388) February 19, 2019
February 18, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.8% in negative at 10640
- AD was 1:2
- VIX jumped by 9% and is now at 18%
- broader market is rangebound
- markets now at lower end of range
- support region 10500-10600
- OI highest at 10800 CE in weekly series and 11000 CE in monthly series
- trend is up on daily charts
- today markets closed 0.8% in negative at 10640
- AD was 1:2
- VIX jumped by 9% and is now at 18%
- broader market is rangebound
- markets now at lower end of range
- support region 10500-10600
- OI highest at 10800 CE in weekly series and 11000 CE in monthly series
The Nifty is No Longer a Play on the Indian Economy
The Nifty has fallen far behind the Indian economy
Over the last ten years, India’s GDP growth (in nominal terms) has averaged 13% per annum whilst the most popular benchmark index in India, the Nifty, has seen its earnings grow at a mere 8% per annum. In fact, in nine out of the last ten years, the Nifty’s earnings growth has trailed nominal GDP by a country mile (the only exception being FY11). In America on the other hand, nominal GDP growth over the past decade has been barely 4% and yet the S&P 500’s earnings has grown at 12% per annum, a full 400bps faster than the Nifty (even without converting the Nifty’s earnings to US dollars)! Why do the benchmark indices in India and America display completely opposite trends (when compared to the GDP growth of their respective economies) and what implications does that have for investors?
Read more at http://marcellus.in/blogs/marcellus-the-nifty-is-no-longer-a-play-on-the-indian-economy
Over the last ten years, India’s GDP growth (in nominal terms) has averaged 13% per annum whilst the most popular benchmark index in India, the Nifty, has seen its earnings grow at a mere 8% per annum. In fact, in nine out of the last ten years, the Nifty’s earnings growth has trailed nominal GDP by a country mile (the only exception being FY11). In America on the other hand, nominal GDP growth over the past decade has been barely 4% and yet the S&P 500’s earnings has grown at 12% per annum, a full 400bps faster than the Nifty (even without converting the Nifty’s earnings to US dollars)! Why do the benchmark indices in India and America display completely opposite trends (when compared to the GDP growth of their respective economies) and what implications does that have for investors?
Read more at http://marcellus.in/blogs/marcellus-the-nifty-is-no-longer-a-play-on-the-indian-economy
February 16, 2019
NSE circular: Collection of Net Option Value for In/Out of the money options in Cash
Now you cannot take away premium on option writing for certain contracts...
In nifty options, this will impact strike prices 20% above and below current spot price.
Read more at https://www.nseindia.com/content/circulars/CMPT40245.pdf
In nifty options, this will impact strike prices 20% above and below current spot price.
Read more at https://www.nseindia.com/content/circulars/CMPT40245.pdf
NIFTY weekly technicals
- markets trading sideways for few weeks
- H&S formation clearly visible
- Right shoulder being formed
- neckline/ support 10000
- view invalidated above 11200
- H&S formation clearly visible
- Right shoulder being formed
- neckline/ support 10000
- view invalidated above 11200
February 15, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.2% in negative at 10724
- AD was 6:11
- volatility was high as markets broke a support and then rallied towards close
- this rally was not reflected in nifty next 50, midcap, small cap stocks
- this means some heavyweight rallied as only nifty and nifty 100 index gained
- nice hammer formed
- holding above 10800 spot crucial next week
- note buying has come from the 10600 region
- so we have double bottom support at the level and
- another support near 10500 region
- trend is up on daily charts
- today markets closed 0.2% in negative at 10724
- AD was 6:11
- volatility was high as markets broke a support and then rallied towards close
- this rally was not reflected in nifty next 50, midcap, small cap stocks
- this means some heavyweight rallied as only nifty and nifty 100 index gained
- nice hammer formed
- holding above 10800 spot crucial next week
- note buying has come from the 10600 region
- so we have double bottom support at the level and
- another support near 10500 region
Everyone having similar chart for H&S in nifty
- so will this happen?
- note H&S is on weekly charts
- neckline is at 10000
- RHS taking long time to develop
- RHS forming on low volumes
- real correction to start only when 10000 breaks
- note H&S is on weekly charts
- neckline is at 10000
- RHS taking long time to develop
- RHS forming on low volumes
- real correction to start only when 10000 breaks
February 14, 2019
YESBANK technicals multiple timeframe
Daily charts:
- trend is down
- stock is trading in a range for past few weeks
- support around 160
- resistance around 240-250
- today stock was up 30% on good volumes
- similar high volumes were seen on 29-NOV when stock broke lows and recovered
- trend is down
- stock is trading in a range for past few weeks
- support around 160
- resistance around 240-250
- today stock was up 30% on good volumes
- similar high volumes were seen on 29-NOV when stock broke lows and recovered
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