NSE to launch weekly options on Nifty index...

- every week is expiry week
- option writers to have a blast
- those who like trading in expiry week can do so now every week




Read more at: http://economictimes.indiatimes.com/articleshow/67147289.cms

Alan Greenspan says the party's over on Wall Street

The former Federal Reserve chairman who famously warned more than two decades ago about "irrational exuberance" in the stock market doesn't see equity prices going any higher than they are now.

"It would be very surprising to see it sort of stabilize here, and then take off," Greenspan said in an interview with CNN anchor Julia Chatterley.

He added that markets could still go up further — but warned investors that the correction would be painful: "At the end of that run, run for cover."

Read more at https://edition.cnn.com/2018/12/18/business/alan-greenspan-stock-market-party-over/index.html

NIFTY 50 weekly options... will the writer always win?

Read more at https://www.nseindia.com/content/circulars/FAOP39675.pdf

My trades

I went long in nifty futures based on Renko charts on Friday with box size of 20 points. Since in renko charting system the reversal box appears when the price moves twice the box size, my stop loss was 40 points.

Entry price       - 10823 ( it had to be 10820 but i could not punch order at that exact price)

Stop loss price - 10780

Trailed  SL       - 10820

Reasoning behind this trade set up : I usually take trade based on kpl swing indicator. But this time i just experimented with renko chart. What i strongly believe and learnt from Kamalesh sir is that no matter how the trade set up is built, if that set up involves a stop loss to control the loss and also provides a scope for that trade to make big profits then it can be taken.

This particular trade mentioned above is now virtually risk free ( Ignoring over night risk as i mitigate it with OTM options) since i have shifted my stop loss to the entry point. Now i dont really have any exit plans for this trade when it is moving in my profit zone. Will update about this trade when i make a exit.

I will also be taking trades based on kpl swing from tomorrow and same will be posted .


P.S. - This is my first experience in blogging , so please forgive me if i lack clarity in my writing and help me in making it better. I also want to thank kpl sir for giving me this opportunity.

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.2% in positive at 10908
- AD was 10:8

- option writing support 10000 resistance 11000

Why this selling at higher levels?

#Vodafone issues loyal customer frustrated

@VodafoneIN #vodafone and while I am it, know that we have 3 vodafone numbers in our family and 2 of them cannot receive or make calls since yesterday. Message device not available. Call 9820200706.. I need to port out fast. Area - Prem Nagar, Mira Road, Thane 401107

— KPL (@vfmdirect) December 17, 2018

@VodafoneIN #vodafone why threatening messages and forcing users to recharge with min 199? Reply via tweet only. pic.twitter.com/gGr6zyQmgT

— KPL (@vfmdirect) December 17, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 0.8% in positive at 10888
- AD was 10:7

- option writing support 10000 resistance 11000

Does your qualification matter?

A raft of messages have been doing the rounds of social media denigrating the new Reserve Bank of India (RBI) governor Shaktikanta Das for his lack of specialized knowledge, saying his masters’ degree in history does not equip him for the job he now holds.

Granted, going by the academic heft of his immediate predecessors—Urjit Patel, a BSc from the London School of Economics with an MPhil from Oxford, and Raghuram Rajan, an IIT-Delhi and IIM-Ahmedabad grad who earned his doctorate from the Sloane School of Management at MIT —Das may come across as a relative lightweight.

However, what matters here is not mere academic prowess, but what the candidate brings to the table. In Das’ case, it will be his wide experience, having held several important posts in the government.

After all, if educational qualification were to be the benchmark, let’s consider the limited examples of Michael Dell, Steve Jobs, Bill Gates and Mark Zuckerberg, all of whom dropped out of college only to make it big.

BANK NIFTY EOD and Intraday charts

Daily charts:
- trend is up
- support 26000
- resistance 27000

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed flat at 10805
- AD was flat

- option writing support 10000 resistance 11000

Buy signals

Ticker	Date/Time	Close	% Ch 1D	SL	90 Day Hi	120 Day Hi	All time Hi
BAJAJFINSV	13/12/18	6,159.40	2.85	5,612.00	7,200.00	7,200.00	7,200.00
BANDHANBNK	13/12/18	504.25	6.84	462.00	741.80	741.80	741.80
COLPAL	13/12/18	1,303.50	2.40	1,190.00	1,315.00	1,315.00	1,315.00
CROMPTON	13/12/18	227.60	2.09	207.30	273.20	273.20	295.00
GODREJCP	13/12/18	808.70	4.23	728.25	978.67	978.67	978.67
GSKCONS	13/12/18	7,751.05	0.90	7,077.00	7,850.00	7,850.00	7,850.00
HINDUNILVR	13/12/18	1,855.55	0.89	1,742.25	1,867.45	1,867.45	1,867.45
IDBI	13/12/18	61.55	0.57	59.10	64.95	64.95	202.25
INDIANB	13/12/18	239.05	5.12	210.80	379.70	379.70	427.40
INFY	13/12/18	697.75	2.84	660.60	754.90	754.90	754.90
LTI	13/12/18	1,748.50	7.69	1,436.70	1,987.00	1,987.00	1,987.00
NESTLEIND	13/12/18	10,996.55	1.40	10,232.00	11,705.00	11,705.00	11,705.00
PTC	13/12/18	86.85	1.40	78.55	91.05	91.05	201.40
RAYMOND	13/12/18	864.25	6.24	755.65	879.85	879.85	1,153.00
RBLBANK	13/12/18	581.60	1.26	535.60	651.95	651.95	651.95
SUPREMEIND	13/12/18	1,050.95	5.18	937.60	1,275.00	1,275.00	1,476.00
TITAN	13/12/18	944.15	1.53	893.30	961.25	961.25	999.70
UJJIVAN	13/12/18	245.60	8.07	207.05	406.80	406.80	547.50

Today the faster move has happened to the downside

Stock signals

Stock name	Close	% Ch	20 Day Swing Indicator						Last Month's		RSI
			Trend	Date	Price	Return %	Fixed SL	Trailing SL	High	Low	5 D	14 D
||||| 3MINDIA	23438.80	4.00%	BUY	30/11/18	21634.00	8.34	20699.95	20121.00	21701	19300	78	67
||||| BAJAJ FINSV	6159.40	2.50%	BUY	21/11/18	5851.95	5.25	5612.00	5578.00	6100	5371	70	61
||||| BANDHANBNK	504.25	6.50%	BUY	16/11/18	476.20	5.89	462.00	430.00	498	391	80	64
||||| COLGATE PALMOLIVE	1303.50	2.00%	BUY	20/11/18	1157.95	12.57	1190.00	1110.00	1264	1088	74	68
||||| CROMPTON	227.60	2.00%	BUY	02/11/18	218.30	4.26	207.30	201.00	223	201	79	68
||||| GODREJ CONSUMER	808.70	4.00%	BUY	03/12/18	771.40	4.84	728.25	697.00	764	670	83	68
||||| GSKCONS	7751.05	0.50%	BUY	03/12/18	7547.40	2.70	7077.00	6859.00	7450	6859	79	68
||||| HINDUSTAN UNILEVER	1855.55	0.50%	BUY	02/11/18	1638.45	13.25	1742.25	1663.00	1798	1584	71	66
||||| IDBI	61.55	0.50%	BUY	09/11/18	61.20	0.57	59.10	59.10	62	59	80	64
||||| INDIAN BANK	239.05	5.00%	BUY	13/12/18	239.05	0.00	210.80	210.00	270	220	80	58
||||| INFOSYS	697.75	2.50%	BUY	13/12/18	697.75	0.00	660.60	599.00	690	600	74	61
||||| LTI	1748.50	7.50%	BUY	13/12/18	1748.50	0.00	1436.70	1436.00	1782	1490	84	63
||||| NESTLE	10996.55	1.00%	BUY	31/10/18	10147.85	8.36	10232.00	10138.00	10890	9904	80	66
||||| PTC INDIA	86.85	1.00%	BUY	29/10/18	78.50	10.64	78.55	77.20	84	76	73	64
||||| RAYMOND	864.25	6.00%	BUY	29/10/18	745.35	15.95	755.65	755.00	830	727	77	67
||||| RBLBANK	581.60	1.00%	BUY	09/11/18	551.65	5.43	535.60	524.00	577	518	82	65
||||| RELIANCE INFRA	286.95	-3.00%	SELL	05/12/18	307.35	6.64	351.00	368.00	381	324	21	32
||||| SUPREMEIND	1050.95	5.00%	BUY	13/12/18	1050.95	0.00	937.60	937.00	1044	957	88	69
||||| TITAN	944.15	1.50%	BUY	31/10/18	844.60	11.79	893.30	889.00	934	834	70	64
||||| TRENT	349.80	2.50%	BUY	10/07/18	340.60	2.70	315.05	315.00	345	319	78	64
||||| UJJIVAN	245.60	8.00%	BUY	13/12/18	245.60	0.00	207.05	207.00	239	203	83	63

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.5% in positive at 10792
- AD wsa 10:7

- option writing support 10000 resistance 11000

Current open positions delivery

Stock	Close	% Change	Bought at	Buy Date	Remarks	Trailing Stoploss	Returns %
ADANIPORTS	374.45	5.26	346	15/11/2018	Hold long positions	350	8.16
BAJAJ-AUTO	2848.40	3.97	2724	29/11/2018	Hold long positions	2600	4.57
BAJFINANCE	2493.95	2.77	2402	16/11/2018	Hold long positions	2360	3.82
BRITANNIA	3056.50	1.98	2974	16/11/2018	Hold long positions	2960	2.78
COLPAL	1272.95	2.34	1148	16/11/2018	Hold long positions	1180	10.92
DABUR	430.55	4.39	419	26/11/2018	Hold long positions	390	2.74
DRREDDY	2586.35	-4.78	2529	19/11/2018	Hold long positions	2540	2.28
HAVELLS	704.80	1.94	666	13/11/2018	Hold long positions	660	5.80
HDFC	1940.20	1.83	1825	13/11/2018	Hold long positions	1860	6.33
HDFCBANK	2085.30	1.25	2004	16/11/2018	Hold long positions	2040	4.04
HEROMOTOCO	3258.65	7.23	2962	16/11/2018	Hold long positions	2980	10.02
HINDUNILVR	1839.10	2.46	1671	13/11/2018	Hold long positions	1720	10.05
KOTAKBANK	1237.15	1.51	1169	16/11/2018	Hold long positions	1140	5.87
L&TFH	143.90	4.65	137	21/11/2018	Hold long positions	130	5.42
PIDILITIND	1152.15	2.76	1063	13/11/2018	Hold long positions	1120	8.36
RELIANCE	1110.50	1.18	1127	16/11/2018	Hold long positions	1080	-1.50
SIEMENS	962.40	2.65	981	16/11/2018	Hold long positions	900	-1.94
TCS	2016.80	0.84	1961	29/11/2018	Hold long positions	1940	2.87
TITAN	929.95	-0.34	898	13/11/2018	Hold long positions	890	3.62

About 10-15 stocks got stoplossed in past few days... above positions are still open