March 23, 2019

Simple investment strategies based on PE ratio

Life cannot get simpler than this!



NIFTY weekly charts

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

BANKNIFTY daily and weekly charts

- trend is up
- now trading at all time highs
- from 27000 to 30000, index maintained higher high higher lows
- Friday we saw this break and index formed a bearish engulfing bar

- there is no swing low between 26500 and 30000
- a correction may lead to formation of a higher swing low

March 22, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in negative at 11457
- AD was 1:2

- bearish engulfing bar formed; however size of prev bars is too small

- note there is no swing low between 10600 and 11600

- option writing support 11000 resistance 11600

Bye Bye NIFTY long..




The BJP (website) is back online




Orange Skin, Thick Bones, and All the Other Ways the Human Body Could Change on Mars

...we should expect a fair bit of evolutionary divergence between Mars settlers and the human population on Earth, according to Rice University biologist Scott Solomon, who examined this possibility in his 2016 book Future Humans: Inside the Science of Our Continuing Evolution. That divergence will start unspooling at the outset, thanks to something called “the founder effect.” No matter how or when it happens, the Red Planet will be settled by a relatively small group of people who are not perfectly representative of the entire human population. For example, it’s a pretty safe bet that Mars pioneers will be atypically adventurous and risk-tolerant. That means, Muskton — the odds are decent that the first Red Planet burg will be named after SpaceX’s CEO — will likely feature more rock-climbing gyms and bordellos per capita than cities here on Earth.

And those initial differences will snowball, because Mars and Earth are very different worlds. The Red Planet is much smaller; the force of gravity on its surface is just 38 percent of the pull we feel here on Earth. Mars also lacks ...

Read more at https://medium.com/s/thenewnew/orange-skin-thick-bones-and-all-the-other-ways-the-human-body-could-change-on-mars-805245d4463

SBI Airlines?

How much of this is fake news?

The media controls what it wants to show you and decides how to present  it. ... it all depends on the hidden agenda which you will never know.




March 20, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 11521
- AD was negative at 7:11

- option writing support 11000

Ericsson teaches Anil Ambani and India's nascent bankruptcy system a lesson

... Ericsson’s lawyers will deserve a glowing mention. For an unsecured creditor to walk away with a 48 percent recovery of its claim – while secured lenders wait patiently for RCom to sell its spectrum, redevelop its land assets and pay them something – shows that the Swedish firm played its cards well.

It also shows the secured creditors, led by State Bank of India, in a rather poor light. They have been deluding themselves since June 2017, when they agreed to an out-of-court restructuring, including a plan to convert part of their debt into equity at almost 25 rupees a share.

Read more at https://www.business-standard.com/article/companies/ericsson-teaches-anil-ambani-and-india-s-nascent-bankruptcy-system-a-lesson-119031900331_1.html

Video: The most populous cities in the world from 1500 to 2018 - excellent

NIFTY 50 percentage of stocks with positive momentum

March 19, 2019

NIFTY PE ratio at 28+


NIFTY RSI at 80 !



Last time this happened was in JAN 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in positive at 10532
- AD was flat

- pattern formed today was "hanging man"
- this is after a shooting star and doji formed in past 2 days
- higher highs and higher lows is still being maintained
- but patterns show signs of selling everyday (AD not supporting)

- option writing support 11000 - this has not increased. Why?

SIP and dip: Is the dream run over for systematic investment plans?

Janya Menghrajani Desai, 30, was interning with a financial planner in July 2017 when she learnt about Systematic Investment Plans (SIPs) and, considering her risk-averse nature, decided it would be a good way to put money aside as well as ensure it grows. “I’m not someone who takes the risk of investing in stocks directly, so when the planner told me about SIPs, I said why not,” says Desai.

In the past 20 months she has put in ₹1 lakh but made exactly ₹520 on it. “It’s not even 1 percent,” she says, adding that if she had even left it in her savings account, she would at least have made 4 percent. She plans to wait and watch for a few months after the elections in May and then, if the situation doesn’t improve, pull the money out.

Read more at http://www.forbesindia.com/article/investment-special-2019/sip-and-dip-is-the-dream-run-over-for-systematic-investment-plans/52823/1

Find a trading approach that suits you best




ATR Indicator Secrets: Powerful Strategies to Profit in Bull & Bear Markets

March 18, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.3% in positive at 11462
- AD was negative 7:10
- past 2-3 days, breadth is negative

- Friday, we had a shooting star
- today a doji/ spinning top was formed (indecision  between bulls and bears)

- option writing support 11000