July 21, 2019

NIFTY weekly charts

- trend is up
- support 11000
- markets can spend several weeks/ months at this level

 

BANK NIFTY charts

Daily charts:
- trend is down
- a crucial support broke decisively this Friday
- next significant support 28500
- this corresponds to roughly 11000 region on nifty

July 19, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 1.5% in negative at 11420

- AD was 1:3 ... this is actually not bad

- I am discarding channel view from here on
- reason is break of lower trendline without retest of upper trendline

- note gap between 11400 and 11600 is filled
- I don't know if this can be considered as a bullish sign

- overlapping moves as seen in June and July (so far) are corrective moves
- trending moves are usually fast

Self goal of the highest order

BANKNIFTY hourly charts

- trading in rectangle / height 500 points
- support 30300
- resistance 30800
-31200 (if breakout happens)

NIFTY futures channel on hourly charts

- expect lower trendline to provide support
- resistance 11650

July 18, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% in negative at 11597
- AD was 5:13

- 16 stocks made 52 week highs  and 258 stocks made new 52 week lows

What happens to the Aadhar card when the holder passes away? And the risks involved

UIDAI has not built any process or technology to handle an Aadhaar holder’s death. There are multiple issues that arise from this inability of UIDAI to handle death.



Now, have you wondered what happens to someone’s mobile number once they pass away? Telecom companies deactivate a phone number after 90 days of no usage, and then may assign it to new subscribers after a month or so. In essence, a dead person’s phone number may get assigned to a new person within 4–6 months. (The same reassignment policy applies for anyone who stops using their phone number, dead or alive.)

We know that Aadhaar numbers have a mobile number mapped with them in the UIDAI database, and is used by UIDAI for sending OTPs during authentication. Hence, the phone number owned by a dead person (and updated in UIDAI records) may get assigned to someone else six months after their death, but UIDAI will never find out that this phone number no longer belongs to that dead person.

Read more at https://medium.com/karana/death-of-an-aadhaar-64fb38be07c8

India heading to a debt trap?

Who is your enemy?

Image

Are you a rent seeker or risk taker?



July 17, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.2% in positive at 11687
- AD was flat

July 16, 2019

Channel on nifty futures chart

- just observed channeled movement in nifty fut 30 / 60 min charts
- channeled moves are usually a correction to prev move
- if channel holds, expect sluggish movement for some more time
- a fast breakout above 11700 can render channel invalid

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% in positive at 11661
- AD was flat

- selloff continues in broader market
- but VIX fell by almost 3%

July 15, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11588
- AD was 1:2

- midcaps and smallcaps continued to correct

- 16 stocks made new 52 week highs and 200+ stocks made 52 week lows

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July 14, 2019

Welcome the new Bhartiya Janta Congress Party

Did you vote BJP this time or Congress?

Don't worry... everything is fair in politics... there are no permanent enemies, only common interests... your ideology, criminal background, corruption abilities, principles etc simply does not matter.

Just see the tamasha... elected Karnataka representatives want to defect to BJP, Congress MLAs in Goa have already joined BJP ... Maharashtra next?

The voters always get taken for a ride... fact of life.


DHFL may not survive as a ;going concern'?

Wonder who is buying from 500 levels to below 100 now.... trend is so clearly down.






Read more at https://economictimes.indiatimes.com/markets/stocks/news/dhfl-warns-investors-it-may-not-survive-as-a-going-concern/articleshow/70212838.cms

July 12, 2019

Market outlook

Daily charts:
- trend is down on daily charts
- today nifty closed 0.3%  in negative at 11553

- AD was flat
- 11 stocks made 52 week highs and 160 stocks made 52 week lows

- nifty still trading within channel

- VIX down 4% ... complacency?

- a breakout above 11600 was sold into

BALAJI AMINES.. funny recommendation by HDFC

Bleak future ahead... still given buy reco on 20-MAY at 439 with TGT 525


See blue arrow.......Stock has lost 100 points since then!!!