August 16, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.4% in negative at 11385
- trading range was within prev day's range
- AD was 7:12 (not bad)
- option writing support 11000

Why The Rupee Fall To 70 Is Not A Big Deal - excellent article

Is there a big problem if the USD has appreciated so that it’s Rs. 70 to a dollar? There are some implications, but it’s somehow not that dramatic as its made out to be. We wrote about a few myths about the falling rupee when it did a dive last time in 2013 (Read post: Six myths about a falling rupee). It’s time to look at the rupee in context again.

Why should the rupee depreciate? Or stay strong?

Read more at https://capitalmind.in/2018/08/opinion-why-the-rupee-fall-to-70-is-not-a-big-deal

August 15, 2018

S&P 500 - previous resistance to now offer support


18 Dead, 3 Critical , and 1 Injured?

Stocks at all time high today

>>> Never risk more than 1% of your capital on any trade. <<<

Stock nameClose% Ch20 Day Swing IndicatorLast Month'sRSI
TrendDatePriceReturn %Fixed SLTrailing SLHighLow5 D14 D
||||| BATA INDIA1004.552.00%Bullish18/06/18816.5023.03907.10818.009328138878
||||| DABUR INDIA453.002.50%BUY30/07/18393.4515.14422.00370.004283668479
||||| EXIDE INDUSTRIES292.101.00%Bullish15/03/18217.5534.27259.60259.002802537569
||||| IBVENTURES746.654.50%Bullish05/04/18286.95160.20585.10474.006014529588
||||| INFIBEAM198.901.00%BUY20/07/18167.8518.50175.50156.001881498980
||||| INFOSYS1408.300.00%Bullish24/05/181221.0015.341347.501309.00139412688369
||||| IPAPPM458.95-2.50%Bullish26/07/18334.9537.02349.20308.003533037477
||||| JSW STEEL341.100.00%Bullish31/07/18330.403.24321.85293.003332946663
||||| LTTS1531.901.50%Bullish24/07/181458.005.071405.001251.00155911928167
||||| NIITTECH1337.353.50%BUY24/07/181218.859.721225.101074.00128610227770
||||| PAGE IND33231.852.50%BUY28/03/1822684.5546.5029020.0027719.0029676275747974
||||| PFIZER2898.252.00%Bullish20/04/182234.2029.722650.002524.00274724918575
||||| TCS2003.550.00%Bullish12/04/181569.6327.641945.001928.00201518417463
||||| UNITED BREWERIES1336.052.50%Bullish17/04/181084.2523.221089.251031.00120910329373
||||| VINATIORGA1357.201.50%Bullish14/05/18951.3042.67955.00910.009989109387
15 rows
Av return = 32.75

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August 14, 2018

Stocks at 52 week high and low

Stocks at 52 week high: 

ABFRL - ALBERTDAVD - BALAXI - BATAINDIA - DABUR - EXIDEIND - GALLISPAT - GMMPFAUDLR - IBULISL - IBVENTURES -INFIBEAM - INFY - IPAPPM - ITC - JSWSTEEL - 
LINCOLN - LTTS - LUMAXTECH - NELCO - NEXTMEDIA - NIITTECH - OLECTRA - 
PAGEIND - PERSISTENT - PFIZER - SUNPHARMA - TCI - TCIEXP - TCS - UBL - 

Stocks at 52 week low: 

 CASTROLIND - CCL - CENTUM - DBREALTY - DPSCLTD - ECLERX - HITECHCORP - 
HSIL - INDOTECH - KAJARIACER - LAKPRE - MAXVIL - MCLEODRUSS - MHRIL - 
RBL - REDINGTON - SIMPLEXINF - SKIPPER - SPMLINFRA - SREINFRA - 

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.7% in positive at 11435
- AD was flat
- option writing support 11000; may increase to 11400

The Fall & Fall of the Indian Rupee



Source: http://alphaideas.in

My notes: irrespective of whichever govt has come, our currency has always lost value.

August 13, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.6% in negative at 11356
- second day oh lower high lower low
- AD was 1:2 (not bad)
- not much selling after markets opened gap down (good sign)
- option writing support 11000; may increase to 11200 (good sign)

Buy India on any fall as it could be an outperformer in 2019: Sanjiv Bhasin, IIFL

Key options data point at market nearing a top



Read more at   http://economictimes.indiatimes.com/articleshow/65380916.cms

My notes: I have no experience in predicting top or bottoms. No one has either.

Most mutual funds schemes underperform as 70% of stocks with market cap of Rs 1,000 crore are trading in red

Of a sample of 30 large-cap equity schemes only ten have managed to outperform the Value Research average large-cap category over a two-year period. Of the nearly 800 stocks that command a market capitalisation of over Rs 1,000 crore, more than a third have lost more than 20% since January 2018.

The under-performance seems to have taken a toll on investor sentiment because in July, the inflows into equity schemes at `9,452 crore, were at their lowest in four months.

Read more at https://www.financialexpress.com/market/most-mutual-funds-schemes-underperform-as-70-of-stocks-with-market-cap-of-rs-1000-crore-are-trading-in-red/1278765

My notes: there is additional loss of 2 to 2.5% pa on account of management fees. Since it will become more difficult for fund managers to outperform the index, it makes sense to invest in niftybees.

August 12, 2018

From a maths teacher to India's leading option seller: The inspiring journey of PR Sundar @PRSundar64

PR Sundar, a math teacher, learned about options from the most basic source - the stock exchange booklet - that every dealer working in a broker’s office reads. He still maintains that the book is his primary source of knowledge. While the source of information was the same, the knowledge that Sundar could extract from that source was much higher than what most are capable of.

Born in a poor family, Sundar, a post graduate in mathematics, took to teaching as there were few job opportunities back then. A teaching assignment in Singapore helped him save capital to think about returning back to India and starting a business. A strange happenstance brought Sundar to the market and he has never looked back.

A successful trader who earned his spurs in the options market, Sundar continues to teach, only this time the subject has changed to options. But like every good teacher he is more interested in clearing the cobwebs and imparting knowledge, which can remain lifelong, than spoon-feeding strategies.

Q: How did a math teacher end up trading options?
A: After my post-graduation in mathematics from Chennai, I bagged a job as a maths teacher in a school in Gujarat as there were few jobs in south India then. Among the many good things that Gujarat has to offer, one is the interest in share markets and investing, which stuck with me. Since markets are about numbers, I was naturally attracted towards it.

I received an opportunity to work as a maths teacher in Singapore and moved there in 1993. After a 12 year stint in Singapore, I returned back to India with some capital to start a business. I was looking out for an alternate career other than teaching.

By a fortunate coincidence a relative,

Read more at https://www.moneycontrol.com/news/business/moneycontrol-research/from-a-maths-teacher-to-indias-biggest-option-seller-the-inspiring-journey-of-pr-sundar-2832331.html?platform=hootsuite

You must learn to love cutting losses




SBI results are super bullish for private financiers. @BMTheEquityDesk





Friday’s action on bank nifty/sbi could only be traded real time @GujralAshwani




August 11, 2018

Why markets are irrational @PRSundar64




Why some passive income will not hurt




NIFTY weekly charts

- trend is up
- this week, nifty traded in small range and closed in positive
- support 11000