September 18, 2018

Indian markets trading 19X at forward PE?




Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 0.9% in negative at 11279
- AD was > 1:2 and < 1:3

- option writing support 11200 resistance 11500

Straddles losing money

Most straddles have lost Rs.30 to Rs.40 in past few days.... option writers making money.



This was the scene as of 12 SEP

September 17, 2018

NIFTY open interest distribution

- see similar OI at 11400 PE, 11500 CE and 11600 CE
- this can mean a very rangebound market
- deeper support at 11000 and resistance at 11800

Market outlook

Daily charts:
- trend is down on daily charts
- after Friday's nicely bullish bar, markets open gap down near support
- market closes 1.2% negative at 11378
- AD was 8:10 (very good)
- option writing support 11000-11500

- I think triangle may form in next few days
- this will lead to a very rangebound market till breakout happens

September 15, 2018

NIFTY weekly charts

- trend is up on daily charts
- 2nd week of hammer formation
- holding 11150 will be very bullish this year; new highs possible
- lot of firefighting will happen around 12000 (big round number)



BANK NIFTY technicals

- trend is down on daily charts
- sustaining above 27600 will be bullish
- minor support 26500

September 14, 2018

Market outlook

Daily charts:
- trend is down on daily charts (whipsaw?)
- today markets closed 1.3% in positive at 11515
- AD was 2:1
- option writing support 11400

- markets completely negate down bar of 11 SEP
- so break above 11600 can lead to new highs
- this will effectively stop out the short trade of 11 SEP

September 12, 2018

USD INR hourly chart... Support breaks.

Support 72.20.. posted yesterday


And now today


Market outlook

Daily charts:
- trend is down on daily charts
- buy above level is 11600
- today NF closed 0.7% in positive at 11370
- AD was 7:10
- VIX dropped 6% to 14.38

- next 11 days, there are only 5 trading days

- hammer formed

Straddles losing money... VIX down 3% makes things worse


In trading, focus on what you can control

September 11, 2018

What are straddles hinting to us? @ap_pune

Today 11500 and 11600 straddles were hugely profitable.

But in a falling market, why are 11300 and 11400 straddles losing money?


NIFTY options pen interest distribution

Support 11000 resistance 11800

Market outlook

Daily charts:
- today markets closed 1.3% in negative at 11287
- this makes trend down on daily charts
- buy was around 10600 in April 2017
- AD was less than 1:3 (not bad at all)
- option writing resistance 11800
- put writing support is not giving any picture (or maybe I cannot understand)

- expecting limited downsides to say 11150-11200 levels

September 10, 2018

Market outlook

Daily charts:
- trend is up on daily charts
- today NF closed 1.3% in negative at 11438
- AD was 1:2 (not bad)
- option writing resistance 11800 (highest) and support 11500 (next highest)

- note 3 hammers formation was not considered as a good sign
- below 11400, correction possible to 11200-11000

September 9, 2018

How to retire in your 30s with $1 million in the bank

Hacking your way to retirement

Millennials have embraced this so-called FIRE movement—the acronym stands for financial independence, retire early—seeing it as a way out of soul-sucking, time-stealing work and an economy fuelled by consumerism.

Followers of FIRE tend to be male and work in the tech industry, left-brained engineer-types who geek out on calculating compound interest over 40 years, or the return on investment on low-fee index funds versus real estate rentals.

Indeed, much of the conversation around FIRE, on Reddit message boards or blogs like Mr. Money Mustache, revolves around hacking one’s finances: strategies for increasing your savings rate to the hallowed 70%, tips for cheap travel through airline rewards cards, ways to save nickels and dimes at the grocery store.

Some practice “lean FIRE” (extreme frugality), others “fat FIRE” (maintaining a more typical standard of living while saving and investing), and still others “barista FIRE” (working part-time at Starbucks after retiring, for the company’s health insurance). To be “firing” is to slash one’s expenses to maximize saving while amassing income-generating investments sufficient to support oneself. To have “fired” is to have achieved that goal.

Profitable trading requirements

September 8, 2018

NIFTY weekly charts

- trend is up on weekly charts
- this week, a large hanging man formed
- this can have bearish implications if nifty breaks 11400
- option writers however are bullish that 11400 will hold this series

- new highs possible above 11750