LAST updated: 14-NOV-2019
AUROPHARMA
November 14, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.25% in positive at 11870
- AD was 7:11
- VIX down 6%
- option writing support 11600 resistance 12000
- trend is up on daily charts
- today nifty closed 0.25% in positive at 11870
- AD was 7:11
- VIX down 6%
- option writing support 11600 resistance 12000
Trade for the process and not the money
If you really want to drastically improve your P&L, stop trading for money. Trade for the process. Every gain/loss is just on paper/notional until you book it. Aim to get better at the process. The money will have no choice but to follow you.#BroTip— ManasArora (@iManasArora) November 14, 2019
Secret to wealth
The real secret to wealth is to spend less than you earn, invest the difference and do it regularly for not less than two decades. No wealth coach or get rich book would tell you this. Remember, for most of us, there is no other way than the hard way.— D.Muthukrishnan (@dmuthuk) November 14, 2019
This happens only in India...shut schools and then ask children to run
In sheer ludicrousness of being optimistic, even when danger is known, understood, certain and inevitable, the hooman species was unique.— V. Anand | வெ. ஆனந்த் (@iam_anandv) November 14, 2019
It exposed it's young to mindless danger, even while professing it's unending love for them.
- Alien species in Andromeda Galaxy https://t.co/LCYrcUfoB1
MANAGE RISK all the time
No market trends all the time.
No range sustains all the time.
No strategy works all the time.
That's why you MANAGE RISK all the time!
November 13, 2019
What if RELIANCE was not up 3% today?
- RELIANCE was up 3% today
- but NIFTY closed 0.6% in negative
- if RELIANCE was flat
- then NIFTY would have been another 60 points down
Source: https://www.equitymaster.com/india-markets/nse-replica.asp
- but NIFTY closed 0.6% in negative
- if RELIANCE was flat
- then NIFTY would have been another 60 points down
Source: https://www.equitymaster.com/india-markets/nse-replica.asp
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.6% in negative at 11840
- AD was 7:11
- option writing support 11600 resistance 12000
- trend is up on daily charts
- today nifty closed 0.6% in negative at 11840
- AD was 7:11
- option writing support 11600 resistance 12000
November 12, 2019
November 11, 2019
Brokers OHLC charts/ data Mismatch and Stoploss / Limit Orders got executed wrongly
Indian Exchanges provides free Level 2 access to its members (Brokers/). Level 2 data contains the Last traded price, Top 5 Bid x Ask levels from the orderbook. The complete depth of the exchange orderbook is not exposed and currently, Level 2 data is restricted only up to 5 levels (depth of the market). Some brokers even provide Level 3 data to their premium clients to identify liquidity pools for their premium customers.
And Level 1 data that most of the data vendors/Websites use primarily gets only LTP, Bid Price, Bid Qty, Ask Price, ASK Qty only for the first level in the orderbook.
Both Level 1 and Level 2 data which is sent in realtime by the Indian Exchanges are not a real tick data instead they send consolidated 1-second data feed for Level 1 (snapshot data) and every broker in the country to receive snapshot Level 2/Level 3 data (consolidated data) which updates 2-4 every second (But not reports all the ticks).
A Tick is generated by the exchange whenever there is a change in LTP price or any order cancellations/order modifications are done in the orderbook it will be reported in the form of Tick data. Which exchange call it as a TBT feed (tick by tick data feed). And every second gigantic amount of ticks are generated every second which is humongous data to transmit over the internet in realtime
Currently, TBT feed is accessible only by the High-frequency trading firms where their servers are colocated to the exchange server to tap and process the data faster to execute their low latency trading strategies.
Read more at https://www.marketcalls.in/trading-lessons/brokers-ohlc-charts-data-mismatch-and-stoploss-limit-orders-got-executed-wrongly.html
And Level 1 data that most of the data vendors/Websites use primarily gets only LTP, Bid Price, Bid Qty, Ask Price, ASK Qty only for the first level in the orderbook.
Both Level 1 and Level 2 data which is sent in realtime by the Indian Exchanges are not a real tick data instead they send consolidated 1-second data feed for Level 1 (snapshot data) and every broker in the country to receive snapshot Level 2/Level 3 data (consolidated data) which updates 2-4 every second (But not reports all the ticks).
A Tick is generated by the exchange whenever there is a change in LTP price or any order cancellations/order modifications are done in the orderbook it will be reported in the form of Tick data. Which exchange call it as a TBT feed (tick by tick data feed). And every second gigantic amount of ticks are generated every second which is humongous data to transmit over the internet in realtime
Currently, TBT feed is accessible only by the High-frequency trading firms where their servers are colocated to the exchange server to tap and process the data faster to execute their low latency trading strategies.
Read more at https://www.marketcalls.in/trading-lessons/brokers-ohlc-charts-data-mismatch-and-stoploss-limit-orders-got-executed-wrongly.html
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed flat at 11913
- AD was flat
- trading range was extremely small..
- trend is up on daily charts
- today markets closed flat at 11913
- AD was flat
- trading range was extremely small..
Grim Trigger Play in Maharashtra CM politics BJP vs Shiv Sena
A "Grim Trigger" (also called the grim strategy or just grim) is a trigger strategy for a repeated game.
Initially, a player using grim trigger will cooperate, but as soon as the opponent defects (thus satisfying the trigger condition), the player using grim trigger will defect for the remainder of the iterated game. Since a single defect by the opponent triggers defection forever, grim trigger is the most strictly unforgiving of strategies in an iterated game.
Read more at https://en.wikipedia.org/wiki/Grim_trigger
Initially, a player using grim trigger will cooperate, but as soon as the opponent defects (thus satisfying the trigger condition), the player using grim trigger will defect for the remainder of the iterated game. Since a single defect by the opponent triggers defection forever, grim trigger is the most strictly unforgiving of strategies in an iterated game.
Read more at https://en.wikipedia.org/wiki/Grim_trigger
November 9, 2019
NIFTY weekly charts
- trend is up
- lot of tussle seen around 12000 levels
- weekly close above 12000 will be bullish sign
- weekly expiry shows highest OI at 12000 CE
- monthly expiry shows highest OI at 11600 PE
- difficult trading environment
- big spoiler: nifty PE ratio now around 28
- does not make sense for long term investors to enter now
- lot of tussle seen around 12000 levels
- weekly close above 12000 will be bullish sign
- weekly expiry shows highest OI at 12000 CE
- monthly expiry shows highest OI at 11600 PE
- difficult trading environment
- big spoiler: nifty PE ratio now around 28
- does not make sense for long term investors to enter now
BANKNIFTY technicals
- trend is up
- swing low around 30000
- double top near 31000
- note rally from 27500 to 30500 has taken a longer time than the same fall
- this is not a bullish sign
- weekly expiry shows highest OI at 30500 PE-30000 PE
- monthly expiry shows highest OI at 30000 PE
- above levels are expected to give support
- this means option writers are bullish
- swing low around 30000
- double top near 31000
- note rally from 27500 to 30500 has taken a longer time than the same fall
- this is not a bullish sign
- weekly expiry shows highest OI at 30500 PE-30000 PE
- monthly expiry shows highest OI at 30000 PE
- above levels are expected to give support
- this means option writers are bullish
November 8, 2019
S Gurumurthy on demonetisation
If any single event turned the Indian Economy it was the historic DM decision on 8.10.2019. It was as courageous a decision as the 1998 pokharan atom blast. The DM decision was financial pokharan blast. Unbiased history will record how this single measure made turned the economy— S Gurumurthy (@sgurumurthy) November 8, 2019
Read more at https://twitter.com/sgurumurthy/status/1192718994882646017
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.9% in negative at 11908
- AD was 7:11
- past few days nifty is unable to sustain near day's highs
- yesterday's hanging man was a nice warning
- option writing support 11600 res 12000
- trend is up on daily charts
- today nifty closed 0.9% in negative at 11908
- AD was 7:11
- past few days nifty is unable to sustain near day's highs
- yesterday's hanging man was a nice warning
- option writing support 11600 res 12000
November 7, 2019
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