April 21, 2018

NIFTY weekly charts

- trend is up on weekly charts
- very good support at 10000
- H&S is seen and right shoulder may be getting completed.
- if true, then a retest and break of 10000 is possible

- if markets sustain above 10600, then rally to 11000 is possible (H&S invalidated)

Option writers are playing it very safe for next month... their short positions are built in 10000 put and 11000 call strike price... makes sense.

BANK NIFTY technicals

- trend is up on daily charts
- a swing high seems to have developed at 25450
- support 24000-23600

April 20, 2018

H&S pattern on hourly chart achieves target

Remember this post?

Market outlook

Daily charts
- trend is up  on daily charts
- today NF closed flat at 10564
- AD was negative
- VIX down 6%
- option writing support 10500

April 19, 2018

BPCL triangle breakdown on weekly charts

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.4% in positive at 10565
- AD was positive
- option writing support 10500 F

So the root cause of black money is the salaried class?




Another puzzle



I took about 4 minutes... but the answer I have got does not have whole numbers so I am now not sure if my answers are correct.

Will post my answers by 6pm.

April 18, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF close 0.2% in negative at 10526
- AD was negative
- option writing support 10400

April 17, 2018

Hot stocks and charts

LAST updated: 17-APR-2018 
AMBUJACEM
AMBUJACEM chart

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed marginally in positive at 10549
- AD was slightly positive

- expecting resistance near 10650 spot

- option writing support 10400
- notice how put writing support has jumped from 10000 to 10300 and now 10400


Doctors, lawyers, MBAs in the race to be Mumbai Police constables

April 16, 2018

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed  0.46% in positive at 10528
- AD was negative
- option writing support 10300

- rejecting inverted H&S on daily charts

Trauma Surgery - must watch video for traders

As a kid, I was always fascinated with surgery. This fascination persists till today and I do watch a lot of videos on Youtube.

Some time ago, for lack of anything to do, I chanced upon this video. I have seen this since then several times and thought of sharing this.

The case is pretty straight forward: a 45-50 year old man slips 25-30 feet while on a trek and is admitted in a hospital with probable pelvic fracture and low blood pressure. There is no visible injury.

In the trauma centre, the surgeon is worried about the persistent low blood pressure inspite of several units of blood transfusion. Chest x rays and abdominal scans give a negative and now the guess is the pelvic area. This can be checked only in an angiogram suite and not in the trauma room. But the falling blood pressure means unless the patient is stabilised, he cannot be taken.

The situation deteriorates rapidly due to the massive internal bleeding. The falling blood pressure leads to 3 cardiac arrests. Watch the video to see what happens next.

This video is part of a series of videos shot by Discovery TV and is recommended for traders.





April 14, 2018

CNXIT - good example of breakout and sup/ res formations

NIFTY weekly charts

- trend is down
- probable H&S on weekly charts
- this has bearish implications if 10000 breaks this year

- sustaining above 10600 will be bullish

BANKNIFTY Daily and Weekly charts

Daily charts
- trend is up
- swing low 23600-24000
- resistance 25800

April 13, 2018

Head and Shoulder failures are common but you can still make very good money




Farming in Netherlands - doing more with less... excellent read

The Netherlands is a small, densely populated country, with more than 1,300 inhabitants per square mile. It’s bereft of almost every resource long thought to be necessary for large-scale agriculture. Yet it’s the globe’s number two exporter of food as measured by value, second only to the United States, which has 270 times its landmass. How on Earth have the Dutch done it?



A sea of greenhouses surrounds a farmer’s home in the Westland region of the Netherlands. The Dutch have become world leaders in agricultural innovation, pioneering new paths to fight hunger.




Furrows of artificial light lend an otherworldly aura to Westland, the greenhouse capital of the Netherlands. Climate-controlled farms such as these grow crops around the clock and in every kind of weather.

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.2% in positive at 10480
- AD was flat (slightly negative)
- option writing support 10000

H&S formation
- we are at neckline now
- notice slower pace of rally as the 'head' part is getting completed
- if H&S plays out, a correction to 10200 is possible

- the bigger H&S on weekly charts will kick only if 10000 breaks... till then ignore it.