August 13, 2020
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
4. Decide the quantity and stop loss. Assuming a capital of say 100,000 and risk of 1%, the stop in points works out to be 10 points and a quantity of 100 shares. 5. Don't use too much leverage as it can kill you. 6. Use a method to generate buy sell signals. Contd...
— Linus Trading (@LinusTrading) August 12, 2020
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 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 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...
LIC's weakness is that they've never projected term plan as the right cover. Probably because the absolute amount of commission received by it's agents would be low.
— D.Muthukrishnan (@dmuthuk) August 8, 2020
Private insurers have bypassed agents and offer term plans at competitive price.
Term plans is a huge market.
August 7, 2020
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 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 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
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