August 13, 2020

Brokers with most clients

 

NIFTY intraday charts

 5 min charts

- today was expiry day

- option writing suggested support at 11300 and resistance at 11400

- break of initial trading range did not attract much selling

- market was rangebound rest of the day

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11300

- AD was 10:7

- narrow trading range

- trading bars are so small that one has to struggle to see on EOD charts

- this volatility compression will eventually lead to a big expansion


August 12, 2020

How to trade cash stocks intraday

 

NIFTY intraday charts

5 min

- valid buy signal

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11308

- AD was 5:4


- today was another small range trading day




August 11, 2020

NIFTY intraday charts

 5 min

- rangebound market

- past many days, only stoploss getting hit


NIFTY EOD charts

 - trend is up on daily charts

- today nifty closed 0.5% in positive at 11322

- AD was 5:4

- extremely narrow trading range over past 4-5 days


August 10, 2020

NIFTY intraday charts

 5 min:

- support round 11240 F

- narrow trading day

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed 0.5% in positive at 11270

- AD was 2

- trading range was extremely narrow


August 8, 2020

Term plans is a huge market...

 

August 7, 2020

NIFTY intraday charts

 5 min:

NIFTY EOD charts

- trend is up on daily charts

- today nifty closed flat at 11214

- AD was 2:1 

- swing low support 10500


August 6, 2020

NIFTY intraday charts

5 min:

NIFTY EOD charts

- trend is up
- today nifty closed almost 1% in positive at 11200
- AD was 2:1

- pattern formed: doji
- meaning indecision between bulls and bears
- in fact, nifty had an intraday breakout which failed
- this is visible on intraday charts



Highest recorded PE

Markets became unstable at PE above 28-30 and tend to undergo a long correction.

What is the highest PE recorded?

- in 2000, the S&P500 PE reached 40... this was followed by the dot com bust
- and in 2008, the PE reached 120... this was because the EPS was forcefully brought down but the price took a longer time to correct

Here is the chart


August 5, 2020

NIFTY PE ratio at 30+


NIFTY options open interest

- highest OI is at 11200 CE
- weekly expiry



NIFTY intraday charts

5 min:

- both the first long and short trades were easily tradable

NIFTY EOD charts

- trend is up on daily charts
- today nifty closed flat at 11106
- AD was almost 2:1

- 11000 may provide support tomorrow
- upside looks capped at 11200


August 4, 2020

NIFTY options open interest

- bias is bullish 
- as long as 11000 does not break



NIFTY intraday charts

5 min:

NIFTY EOD charts

- trend is up on daily charts
- but trailing SL hit yesterday

- today nifty was up 2% at 11102
- AD was 2:1

- those following 14 day RSI will note that
- RSI support when nifty was at 10500 got broken yesterday

- VIX down 6%



August 3, 2020

NIFTY intraday charts

5 min:


15 min


30 min



NIFTY options open interest


NIFTY EOD charts

- trend is up on daily charts and
- will reverse on close below 10500
- earlier I mentioned as trend being down... this was a mistake
- however trailing SL is hit for long position
- but short trade will happen on close below 10500

- today nifty closed 1.6% in negative at 10900
- AD was a surprise.... 5:4
- so there is lot of buying outside the midcap/ largecap space


The kplswing indicator will take some more time for a sell signal... however trailing SL for a long position would be hit today




August 2, 2020

BANKNIFTY range for week starting 3rd AUG 2020

Summary:
- limited upside seen with
- stiff resistance at 22500-23000 range and
- support around 21000
- bias is negative


NIFTY range for this week starting 3rd AUG 2020

Summary:
- rangebound market expected
- bias - downwards
- support 10700
- resistance 11300


NIFTY hourly chart


Open interest chart



BANKNIFTY monthly chart

- index underperformed nifty
- no strength seen

- support 20000 resistance 24000


Maya - the world is an illusion

August 1, 2020

NIFTY PE chart


HDFCBANK charts

- looking weak
- support 1000-950



ITC charts

- stock trading in rising wedge
- support 190-180-160


BANKNIFTY technicals

- trend is up
- index is underperforming the nifty

- breakout above 22000 has not resulted in any rally
- index is closer toward recent support

- if 21000 breaks, we can expect more downsides
- HDFCBANK, a heavyweight, has already broken down from rising wedge


NIFTY weekly charts

- nifty closed 1% in negative
- last week's trading was in a very narrow range

- PE ratio around 30
- historically, PE above 28-29 has always been a good sell

- support 11000-10500