Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed 1% in negative at 10430
- AD was 7:10 (not bad)
- option writing resistance 10800

Brokers oppose SEBI's derivatives trading hours extension; all eyes on Friday meet now

..The brokers are unhappy with the move and seek trading in indices trade till midnight instead. “We have given a detailed presentation on derivatives to the Sebi. It primarily focuses on not extending the trading timing of single future till midnight. SEBI has agreed to meet our representation on Friday,” Rajesh Baheti, President, Association of National Exchanges Members of India told Moneycontrol.

“Nowhere in the world single-stock derivatives trade without cash market availability. Actually, we are required to trade on the basis of world market volatility which requires indices to remain open for longer trading hours,” Baheti said.

Read more at https://www.moneycontrol.com/news/business/markets/brokers-oppose-sebis-derivatives-trading-hours-extension-2573607.html

NIFTY options open interest distribution

- resistance 10800
- support 10500.. may break?



Source: https://www.bloombergquint.com/markets/option-chain#gs.H4YyhtQ

Market outlook

Daily charts:
- trend is down on daily charts
- today NF closed flat at 10537
- AD was marginally positive
- option writing resistance 10800

Fuel prices at all time high - still waiting for Achhe Din?

We are all made from stars

Interesting table showing how elements formed in our solar system.



Read more at https://www.sciencelearn.org.nz/resources/1727-how-elements-are-formed

Open interest analysis

So, price action increasing in an uptrend and open interest on the rise is interpreted as new money coming into the market (reflecting new buyers); this is considered bullish. Now, if the price action is rising and the open interest is on the decline, short sellers covering their positions are causing the rally. Money is therefore leaving the marketplace; this is a bearish sign.

If prices are in a downtrend and open interest is on the rise, chartists know that new money is coming into the market, showing aggressive new short selling. This scenario will prove out a continuation of a downtrend and a bearish condition. Lastly, if the total open interest is falling off and prices are declining, the price decline is likely being caused by disgruntled long position holders being forced to liquidate their positions. Technicians view this scenario as a strong position technically because the downtrend will end once all the sellers have sold their positions.



Read more at https://www.investopedia.com/articles/technical/02/112002.asp

This can also be explained as:

Price	OI	Position
UP	UP	Long
Down	UP	Short
UP	Down	Short Covering
Down	Down	Long Unwinding

Shankar Sharma: Investing in India is like joining the madia

You can only enter, you can never exit. When things are good you get exit but when things are bad, the stock will be ‘limit-down’ for a few days.


'The market is one of illusionary liquidity. You have to factor that in your return expectation.'

With Karnataka election results out of the way and as several key states, including Madhya Pradesh and Rajasthan, prepare for assembly polls later this year ahead of the 2019 general election, Shankar Sharma, vice-chairman and joint managing director, First Global, advises investors to ignore all the noise around the elections.

In an uncharacteristically bullish tone, he tells Sachin Mampatta and Samie Modak why investors should buy if the market falls, why a coalition government is not the end of the world and how investing in India can be like joining the mafia. Edited excerpts:

Read more at http://www.rediff.com/business/interview/investing-in-india-is-like-joining-the-mafia/20180521.htm

Forget free stuff? Real life operational costs of a professional trader

Subhadip Nandy

1 hr · Kolkata · 

I often get requests for sources on free data , free software and stuff . This from traders who are trading futures and options . Let me provide a breakup of what services I use .

I use end of day data from a vendor costing me 3000 per year . Real-time data costing around 30k per year . Options analysis software around 25k per year .

Comes to around Rs.5000 per month . Internet cost is around Rs.2000 per month with one major and one backup .

I use two laptops but those are fixed one time costs . Each laptop gets changed after 2-3 years .

So total infrastructure cost of my doing business is Rs.7000 per month .

Unless you can afford this bare minimum , you should not be in the business of trading FNO . Looking for free sources is time pass , not serious business .

My notes: I agree 100%... my expenses are approx. 4K pm on datafeed, backup internet, backup laptop etc. And the sorry/ sad part is traders who are looking for free stuff have already lost bigtime in the markets.

20 day swing signals

Stock name	Close	% Ch	20 Day Swing Indicator						Last Month's		RSI
			Trend	Date	Price	Return %	Fixed SL	Trailing SL	High	Low	5 D	14 D
||||| ABAN OFFSHORE	156.55	-3.00%	SELL	14/05/18	160.90	2.70	176.70	183.00	186	158	30	38
||||| ABCAPITAL	143.85	-2.00%	SELL	11/05/18	151.40	4.99	166.00	166.00	164	148	18	30
||||| ACE	163.80	-5.50%	SELL	21/05/18	163.80	0.00	189.80	204.00	204	168	10	33
||||| AMBUJA CEMENTS	208.05	-1.00%	SELL	08/05/18	229.45	9.33	236.25	252.00	253	232	22	27
||||| APOLLO HOSPITAL	983.50	-3.00%	SELL	09/05/18	1045.50	5.93	1088.00	1148.00	1148	1052	20	34
||||| ASHOKA	243.85	-7.00%	SELL	21/05/18	243.85	0.00	284.95	294.00	295	248	8	28
||||| AVANTIFEED	1953.00	-4.00%	SELL	16/11/17	2432.65	19.72	2478.00	2525.00	2525	2146	8	26
||||| BAJAJ AUTO	2720.55	-2.00%	SELL	21/05/18	2720.55	0.00	2929.80	3043.00	2978	2746	11	31
||||| BALKRISHNA IND	1117.60	-4.50%	SELL	10/05/18	1203.05	7.10	1255.10	1305.00	1352	1057	16	32
||||| BANDHANBNK	468.80	-2.00%	SELL	14/05/18	479.95	2.32	497.00	522.00	541	469	15	33
||||| BATA INDIA	744.05	-1.00%	SELL	21/05/18	744.05	0.00	802.70	816.00	817	731	18	39
||||| BEML	951.80	-7.00%	SELL	25/09/17	1673.95	43.14	1198.40	1198.00	1172	1018	22	35
||||| BF UTILITY	376.85	-4.00%	SELL	30/01/18	481.55	21.74	445.00	445.00	442	385	24	38
||||| BHARATFORG	694.25	-3.50%	SELL	21/05/18	694.25	0.00	751.50	784.00	782	699	11	30
||||| BOMBAY DYEING	257.65	-4.50%	SELL	21/05/18	257.65	0.00	321.90	321.00	317	241	19	39
||||| CAPACITE	297.85	-10.00%	SELL	21/05/18	297.85	0.00	364.95	373.00	374	304	8	27
||||| CASTROLIND	166.60	-3.50%	SELL	25/04/18	196.10	15.04	184.00	203.00	214	192	11	22
||||| CENTURY TEXTILES	1006.95	-5.50%	SELL	02/05/18	1143.90	11.97	1128.80	1274.00	1265	1144	17	29
||||| CHENNPETRO	281.90	-2.50%	SELL	25/01/18	419.65	32.82	312.20	336.00	359	315	17	27
||||| DAAWAT	83.45	-2.00%	SELL	11/05/18	87.40	4.52	92.45	94.80	99	86	22	33
||||| DBL	1085.20	-5.50%	SELL	21/05/18	1085.20	0.00	1247.50	1247.00	1218	1014	23	40
||||| DBREALTY	47.70	-6.00%	SELL	15/05/18	51.10	6.65	64.70	72.50	72	47	18	33
||||| DMART	1345.45	-5.00%	SELL	21/05/18	1345.45	0.00	1518.80	1534.00	1535	1326	18	33
||||| DR REDDY	1893.05	-4.00%	SELL	10/05/18	1989.60	4.85	2094.05	2180.00	2180	2054	11	24
||||| EIHOTEL	161.85	-3.00%	SELL	21/05/18	161.85	0.00	190.45	196.00	213	160	15	35
||||| EROSMEDIA	128.70	-2.00%	SELL	02/02/18	190.85	32.56	168.90	177.00	187	164	13	22
||||| FCONSUMER	54.80	-4.50%	SELL	24/01/18	65.85	16.78	61.95	63.00	63	54	28	40
||||| FEDERAL BANK	80.90	-1.50%	SELL	10/05/18	89.40	9.51	105.00	105.00	102	89	10	25
||||| GATI	99.15	-3.50%	SELL	21/05/18	99.15	0.00	116.80	136.60	137	89	17	38
||||| GIC HSG FIN	376.40	-2.00%	SELL	16/05/18	387.90	2.96	427.25	436.00	435	375	10	33
||||| GMBREW	855.35	-16.50%	SELL	21/05/18	855.35	0.00	1105.90	1135.00	1177	989	12	28
||||| GOACARBON	693.05	-3.00%	SELL	25/04/18	825.50	16.04	776.70	902.00	1079	796	27	32
||||| GODREJAGRO	602.35	-2.50%	SELL	09/05/18	679.95	11.41	710.35	738.00	738	638	5	24
||||| GODREJ PROP	747.55	-3.50%	SELL	21/05/18	747.55	0.00	920.00	920.00	828	705	15	37
||||| GRANULES	89.00	-6.00%	SELL	03/05/18	104.90	15.16	106.70	113.55	114	103	30	33
||||| GRASIM	1035.85	-2.50%	SELL	21/05/18	1035.85	0.00	1108.85	1114.00	1115	1045	11	32
||||| HATHWAY	26.90	-5.50%	SELL	25/04/18	32.50	17.23	34.60	39.40	43	32	11	27
||||| HCL INSYS	44.10	-2.50%	SELL	02/05/18	50.75	13.10	52.60	57.25	57	51	26	32
||||| HDFC LTD	1819.20	-1.50%	SELL	21/05/18	1819.20	0.00	1941.90	1941.00	1898	1792	15	37
||||| HERO MOTOR	3492.90	-1.50%	SELL	11/05/18	3618.30	3.47	3685.00	3776.00	3825	3512	13	30
||||| HINDUSTAN COPPER	67.95	-1.50%	SELL	21/05/18	67.95	0.00	76.80	78.50	82	63	28	41
||||| HINDUSTAN ZINC	289.55	-2.50%	SELL	04/05/18	303.50	4.60	305.60	334.00	336	301	16	31
||||| IDFC	49.80	-3.00%	SELL	21/05/18	49.80	0.00	57.10	60.50	60	49	13	34
||||| IDFCBANK	40.25	-1.50%	SELL	02/02/18	52.70	23.62	46.40	49.25	51	47	19	22
||||| IFCI	17.30	-1.50%	SELL	02/02/18	25.35	31.76	20.05	20.65	22	19	14	23
||||| IPCA LAB	667.00	-4.00%	SELL	21/05/18	667.00	0.00	737.75	760.00	760	656	11	36
||||| JAI CORPORATION	130.30	-2.00%	SELL	10/05/18	143.25	9.04	153.30	166.00	171	135	25	33
||||| JAIN IRRIGATION	98.95	-2.50%	SELL	10/05/18	106.40	7.00	114.15	118.10	118	106	12	27
||||| JKPAPER	128.00	-6.50%	SELL	16/05/18	138.45	7.55	153.60	153.00	152	135	10	29
||||| JK TYRE	140.40	-5.00%	SELL	10/05/18	145.25	3.34	155.70	161.00	171	148	28	34
||||| JPASSOCIAT	14.20	-18.50%	SELL	14/05/18	17.15	17.20	20.35	20.95	22	19	16	27
||||| JSW STEEL	309.25	-3.00%	SELL	21/05/18	309.25	0.00	342.75	342.00	331	288	23	42
||||| KARUR VYSYA BANK	97.15	-2.00%	SELL	18/01/18	114.90	15.45	107.25	110.00	110	100	14	34
||||| KEC	365.85	-4.00%	SELL	15/05/18	380.75	3.91	421.00	438.00	443	386	19	32
||||| KSCL	486.25	-1.00%	SELL	10/05/18	493.05	1.38	518.00	548.00	555	485	22	37
||||| MAJESCO	504.50	-3.00%	SELL	21/05/18	504.50	0.00	555.00	581.00	582	471	26	41
||||| MEGHMANI ORGANICS LTD.	97.10	-2.50%	SELL	21/05/18	97.10	0.00	114.35	114.35	107	84	27	42
||||| MGL	841.80	-2.00%	SELL	10/11/17	1126.10	25.25	887.35	918.00	1029	886	16	27
||||| MINDACORP	172.50	-2.00%	SELL	21/05/18	172.50	0.00	190.85	207.00	208	175	26	39
||||| MRF	73102.10	-1.00%	SELL	10/05/18	74881.45	2.38	76599.00	81425.00	81426	72542	15	36
||||| NATCO PHARMA	763.20	-2.50%	SELL	31/01/18	946.90	19.40	818.00	830.00	830	750	16	34
||||| NCC	97.80	-6.50%	SELL	10/05/18	123.05	20.52	134.95	136.70	136	117	11	24
||||| NIIT LTD	94.95	-5.50%	SELL	21/05/18	94.95	0.00	110.80	124.80	125	100	20	35
||||| NMDC	113.40	-1.00%	SELL	31/01/18	140.30	19.17	122.30	126.00	126	116	14	31
||||| NOCIL	193.00	-2.00%	SELL	10/05/18	205.45	6.06	222.95	226.00	232	194	11	31
||||| NTPC	164.40	-1.00%	SELL	21/05/18	164.40	0.00	173.95	176.00	180	166	22	37
||||| PHOENIX LTD	712.70	2.00%	BUY	19/04/18	626.70	13.72	598.10	591.00	653	566	92	75
||||| PRAJ INDUSTRIES	92.35	-4.00%	SELL	21/05/18	92.35	0.00	105.00	105.00	100	81	35	46
||||| RAIN	222.60	-7.50%	SELL	01/02/18	363.10	38.69	344.35	354.00	405	314	21	26
||||| RAYMOND	1007.65	-3.50%	SELL	21/05/18	1007.65	0.00	1142.00	1153.00	1152	902	14	37
||||| RBLBANK	498.20	-2.00%	SELL	21/05/18	498.20	0.00	523.95	545.00	545	475	14	39
||||| RCF	67.50	-4.50%	SELL	10/05/18	74.50	9.40	78.10	84.90	85	73	6	25
||||| RIIL	403.20	-2.50%	SELL	30/01/18	527.55	23.57	453.40	470.00	481	435	14	28
||||| SANWARIA	14.30	-4.50%	SELL	07/05/18	17.45	18.05	17.95	20.45	24	18	15	27
||||| SBILIFE	655.20	-1.50%	SELL	15/05/18	678.90	3.49	719.00	774.00	775	674	14	31
||||| SDBL	260.60	-4.50%	SELL	21/05/18	260.60	0.00	322.80	322.00	292	227	26	43
||||| SHAKTIPUMP	553.00	-10.50%	SELL	16/05/18	630.60	12.31	726.85	763.00	790	548	5	28
||||| SOBHA	511.40	-3.50%	SELL	17/01/18	567.90	9.95	548.90	562.00	568	491	13	34
||||| SPARC	353.75	-5.50%	SELL	14/05/18	390.30	9.36	419.60	437.00	438	375	15	29
||||| SREINFRA	71.65	-4.00%	SELL	10/05/18	78.25	8.43	82.75	94.90	95	74	23	33
||||| STRTECH	306.60	-3.00%	SELL	21/05/18	306.60	0.00	341.95	365.00	365	315	27	38
||||| SUN PHARMA	443.75	-4.50%	SELL	10/05/18	497.20	10.75	519.25	539.00	531	496	17	28
||||| SURYAROSNI	372.65	-6.00%	SELL	23/03/18	372.00	-0.17	429.80	444.00	445	385	8	29
||||| TATA MOTORS DVR	175.35	-3.00%	SELL	15/05/18	180.95	3.09	202.25	202.00	208	184	22	34
||||| TATA POWER	78.80	-2.50%	SELL	10/05/18	82.00	3.90	86.20	89.55	89	79	9	26
||||| TATA SPONGE	1041.90	-2.50%	SELL	21/05/18	1041.90	0.00	1137.00	1143.00	1249	929	14	40
||||| TINPLATE	191.60	-2.00%	SELL	10/05/18	214.25	10.57	226.45	259.00	260	188	14	28
||||| TORRENT POWER	218.60	-2.50%	SELL	02/02/18	261.45	16.39	244.90	250.00	253	227	22	33
||||| UJJIVAN	380.40	-3.50%	SELL	21/05/18	380.40	0.00	434.75	434.00	413	343	27	42
||||| UNITED PHOSPHORUS	682.55	-3.50%	SELL	30/04/18	729.85	6.48	740.00	774.00	775	725	19	34
||||| VIP INDUSTRIES	369.95	-5.00%	SELL	21/05/18	369.95	0.00	428.00	428.00	441	313	16	39
||||| VISAKAIND	673.65	-5.50%	SELL	21/05/18	673.65	0.00	777.00	812.00	804	650	22	37
||||| WELCORP	129.10	-2.00%	SELL	19/03/18	148.60	13.12	150.85	150.00	157	131	19	36
||||| ZEE ENTERTAINMENT	554.10	-2.00%	SELL	06/02/18	571.75	3.09	604.90	609.00	602	569	15	34