June 24, 2019

Unemployment problem solved by McDonalds?

How much should you spend on your wedding? Interesting thread

NIFTY expiry view

Visit the thread for more details/ explanations.

Who are hawks?

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.2% in negative at 11699
- AD was 7:10

- trades today: short intraday 11800 CE and 11700 PE; close by 3.15 ... approx profit 12-13 points.

You don't need complicated indicators to make money

June 23, 2019

Economy in doldrums?

Can this analysis get hilarious? Follow the thread on twitter

Anti fragile?

Forget demonetisation... we have now dewaterisation

June 22, 2019

NIFTY weekly charts

- trend is up
- support 11000-11500
- resistance 12000

Future of Indian cities?

BANK NIFTY technicals

- trend is down on daily charts
- some people may look at 30000 as a more important support compared to 30500
- this is ok as long as you are consistent
- resistance 32000

- kplswing indicator will give sell on close below 30200
- long position is already stoplossed

June 21, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today markets closed 0.9 in negative at 11724
- no follow up buying to yesterday's rally
- AD was flat
- VIX up 4%

SEBI sets up panel to review margins on derivatives

“In India, initial margin in equity F&O segment consists of SPAN margin, exposure margin and other additional margins... Across global exchanges considered under review, only SPAN margin is collected as the initial margin. Intermittent periods of higher volatility are covered by applying event-based margins,” stated the report while adding that between January 2014 and March 2019, total initial margin applied was about 20% and 14.65% on options and futures contracts respectively.

Read more at https://www.thehindu.com/business/Industry/sebi-sets-up-panel-to-review-margins-on-derivatives/article28089359.ece

June 20, 2019

Your Professional Decline Is Coming (Much) Sooner Than You Think

..Again, the woman: “Oh, stop saying that.”

I didn’t mean to eavesdrop, but couldn’t help it. I listened with morbid fascination, forming an image of the man in my head as they talked. I imagined someone who had worked hard all his life in relative obscurity, someone with unfulfilled dreams—perhaps of the degree he never attained, the career he never pursued, the company he never started.

At the end of the flight, as the lights switched on, I finally got a look at the desolate man. I was shocked. I recognized him—he was, and still is, world-famous. Then in his mid‑80s, he was beloved as a hero for his courage, patriotism, and accomplishments many decades ago.

....For selfish reasons, I couldn’t get the cognitive dissonance of that scene out of my mind. It was the summer of 2015, shortly after my 51st birthday. I was not world-famous like the man on the plane, but my professional life was going very well. I was the president of a flourishing Washington think tank, the American Enterprise Institute. I had written some best-selling books. People came to my speeches. My columns were published in The New York Times.

But I had started to wonder: Can I really keep this going? I work like a maniac. But even if I stayed at it 12 hours a day, seven days a week, at some point my career would slow and stop. And when it did, what then? Would I one day be looking back wistfully and wishing I were dead? Was there anything I could do, starting now, to give myself a shot at avoiding misery—and maybe even achieve happiness—when the music inevitably stops?

Though these questions were personal, I decided to approach them as the social scientist I am, treating them as a research project. It felt un..

Read more at https://www.theatlantic.com/magazine/archive/2019/07/work-peak-professional-decline/590650/

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 1.2% in positive at 11832
- AD was 11:7

- last 3 days we are having large moves
- this happens at tops and bottoms
- so are the markets bottoming out? quite likely
- very good support 11600 (swing low)

- we already have a buy on hourly charts
- this is because markets crossed yesterday's swing high

- sustaining above 11800 next few weeks can lead to new highs
- break of 11600 can lead to more downsides (looks unlikely right now)

Big Move on the cards?