KPL's blog on Indian stock markets, science, technology and more
SEBI Registration (Research Analyst) : INH000000743
July 31, 2020
NIFTY intraday charts
NIFTY EOD charts
July 30, 2020
NIFTY EOD charts
July 29, 2020
NIFTY EOD charts
Are you a rent seeker?
"In a long career, I've (almost) never seen anyone get rich while employed (via bonuses/stock options, as w/bankers, CEOs, & rich slaves), & subsequently also make money on their own, in self employment. If you can't make it on your own, it's #rentseeking." - @nntaleb
— Nassim Nicholas Taleb's Wisdom (@TalebWisdom) July 28, 2020
July 28, 2020
NIFTY EOD charts
July 27, 2020
NIFTY EOD charts
July 25, 2020
July 24, 2020
NIFTY EOD charts
July 23, 2020
S&P 500 historical PE ratio chart
NIFTY EOD charts
Charts are voodoo science so what is the real purpose?
Charts have provided my livelihood for 45 years, but let me say this clearly
— Peter Brandt (@PeterLBrandt) July 22, 2020
Charts do NOT accurately predict prices
Charting is voodoo science
Lines on charts are voodoo lines
Charts simply provide a way to set risk levels on a trade. Period!!
July 22, 2020
NIFTY EOD charts
July 21, 2020
New shorts target the exhaustion gap
#Nifty Spot chart pic.twitter.com/fEVKv0Po38
— Manas Arora (@iManasArora) July 21, 2020
NIFTY intraday charts
NIFTY EOD charts
July 20, 2020
NIFTY EOD charts
Just take some risk and start a business
No, do not join an NGO to save the world. Just take risks, start a business.https://t.co/VxH5qJ03XA pic.twitter.com/taRzkoCSfw
— Nassim Nicholas Taleb (@nntaleb) September 4, 2017
July 18, 2020
NIFTY weekly charts
BANKNIFTY charts
July 17, 2020
NIFTY EOD charts
July 16, 2020
NIFTY EOD charts
Nifty below 10700–A Pause or a Crack ?
- A classical Candle Reversal with a big down tick today.
- RSI has started showing Divergence after being overbought.
- The last intermediate top at 10550 and Gap at 10450-10500.
- Trendline support at 10400-10450.
- The short term trend has changed and will break the higher top higher bottom structure when it breaks at 10200.
- Targets on downside 10450-10500 and 10200-10250. Stoploss now should be at 10760.
- For now it looks like a pause with 10200/10450 to act as support. Review further when it breaks 10200.
- Broader market may turn down only on a break below 10200. Till that time continue to look for stock specific action.