August 13, 2020

Brokers with most clients

 

NIFTY intraday charts

 5 min charts

- today was expiry day

- option writing suggested support at 11300 and resistance at 11400

- break of initial trading range did not attract much selling

- market was rangebound rest of the day

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11300

- AD was 10:7

- narrow trading range

- trading bars are so small that one has to struggle to see on EOD charts

- this volatility compression will eventually lead to a big expansion


August 12, 2020

How to trade cash stocks intraday

 

NIFTY intraday charts

5 min

- valid buy signal

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11308

- AD was 5:4


- today was another small range trading day




August 11, 2020

NIFTY intraday charts

 5 min

- rangebound market

- past many days, only stoploss getting hit


NIFTY EOD charts

 - trend is up on daily charts

- today nifty closed 0.5% in positive at 11322

- AD was 5:4

- extremely narrow trading range over past 4-5 days


August 10, 2020

NIFTY intraday charts

 5 min:

- support round 11240 F

- narrow trading day

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed 0.5% in positive at 11270

- AD was 2

- trading range was extremely narrow


August 8, 2020

Term plans is a huge market...

 

August 7, 2020

NIFTY intraday charts

 5 min:

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11214

- AD was 2:1 

- swing low support 10500


August 6, 2020

NIFTY intraday charts

5 min:

NIFTY EOD charts

- trend is up
- today nifty closed almost 1% in positive at 11200
- AD was 2:1

- pattern formed: doji
- meaning indecision between bulls and bears
- in fact, nifty had an intraday breakout which failed
- this is visible on intraday charts



Highest recorded PE

Markets became unstable at PE above 28-30 and tend to undergo a long correction.

What is the highest PE recorded?

- in 2000, the S&P500 PE reached 40... this was followed by the dot com bust
- and in 2008, the PE reached 120... this was because the EPS was forcefully brought down but the price took a longer time to correct

Here is the chart


August 5, 2020

NIFTY PE ratio at 30+


NIFTY options open interest

- highest OI is at 11200 CE
- weekly expiry



NIFTY intraday charts

5 min:

- both the first long and short trades were easily tradable

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed flat at 11106
- AD was almost 2:1

- 11000 may provide support tomorrow
- upside looks capped at 11200