September 4, 2015
Exited short trade in calls options today
Exited short trade in calls today.
Bought 8100 call today (earlier written) and sold 8200 call (earlier long).
Over all profit 35 points per share after adjusting hedging losses (8200 call).
http://www.vfmdirect.in/2015/08/simple-nifty-options-trading-strategy.html
Bought 8100 call today (earlier written) and sold 8200 call (earlier long).
Over all profit 35 points per share after adjusting hedging losses (8200 call).
http://www.vfmdirect.in/2015/08/simple-nifty-options-trading-strategy.html
September 3, 2015
UNICHEM LABS
Here's another stock making new highs even as the broader market is making new lows.
And this is the monthly chart
SEBI disclosure applicable
And this is the monthly chart
SEBI disclosure applicable
Market outlook
- trend is down on daily charts
- start of small corrective rally
- expecting a triangle formation
- advance decline positive
- option writing showing resistance at 8500
- start of small corrective rally
- expecting a triangle formation
- advance decline positive
- option writing showing resistance at 8500
NIFTY futures intraday charts
- first breakout fails thanks to tight trailing SL
- second breakout is profitable.
My trades 1000+1000+500 in calls showing small moves are still tradable.
- second breakout is profitable.
My trades 1000+1000+500 in calls showing small moves are still tradable.
Markets have reached a tipping point, Marc Faber
Markets have "reached some kind of a tipping point," warns Marc Faber in this brief Bloomberg TV interview. Simply put, he explains, "because of modern central banking and repeated interventions with monetary policy, in other words, with QE, all around the world by central banks - there is no safe asset anymore." The purchasing power of money is going down, and Faber "would rather focus on precious metals because they do not depend on the industrial demand as much as base metals or industrial commodities," as it's now "obvious that the Chinese economy is growing at nowhere near what the Ministry of Truth is publishing."
Faber explains more... "I have to laugh when someone like you tries to lecture me what creates prosperity"
Watch video and read the text at http://www.zerohedge.com/news/2015-09-02/its-tipping-point-marc-faber-warns-there-are-no-safe-assets-anymore
Faber explains more... "I have to laugh when someone like you tries to lecture me what creates prosperity"
Watch video and read the text at http://www.zerohedge.com/news/2015-09-02/its-tipping-point-marc-faber-warns-there-are-no-safe-assets-anymore
September 2, 2015
Morgan Stanley sets Sensex 'bear case' level at 22.8K
Morgan Stanley has set a bear case Sensex target of 22,800 which is 10% lower from current levels. The US-based investment bank, however, has assigned just 10% probability for the 30-share blue chip index slipping to that level.
Morgan Stanley says Sensex could go that low if "policy response is tepid and, more crucially, global conditions deteriorate". Also, if FY16 and FY17 earnings growth is just 10% and 15% the market could see that kind of a downside.
Morgan Stanley's base case scenario (50% probability) is the index going to 28,800 by August 2016 - that's a 13% upside from the current levels. "Growth will slowly accelerate, and we expect Sensex earnings growth of 14.6% and 20.1% in FY16 and FY17, respectively.
Broad market earnings growth will likely be at 13% in FY16 and 15% in FY17. Morgan Stanley says that Indian market's further performance could depend on policy action.
"Outperformance since May makes relative valuations rich but until global low inflation persists this outperformance could continue if India's policy makers can transition from caring for macro stability to pursuing growth," Ridham Desai and Sheela Rathi, analysts at Morgan Stanley said in a note.
Morgan Stanley says Sensex could go that low if "policy response is tepid and, more crucially, global conditions deteriorate". Also, if FY16 and FY17 earnings growth is just 10% and 15% the market could see that kind of a downside.
Morgan Stanley's base case scenario (50% probability) is the index going to 28,800 by August 2016 - that's a 13% upside from the current levels. "Growth will slowly accelerate, and we expect Sensex earnings growth of 14.6% and 20.1% in FY16 and FY17, respectively.
Broad market earnings growth will likely be at 13% in FY16 and 15% in FY17. Morgan Stanley says that Indian market's further performance could depend on policy action.
"Outperformance since May makes relative valuations rich but until global low inflation persists this outperformance could continue if India's policy makers can transition from caring for macro stability to pursuing growth," Ridham Desai and Sheela Rathi, analysts at Morgan Stanley said in a note.
5 stocks that can give amazing returns even in a dull market
COAL INDIA - ICICIBANK - L&T - ONGC - SBIN
State Bank of India
SBI is a direct play on domestic economic recovery, given its strong presence across the country and in business segments
Healthy capital ratios, stabilising asset quality and competitive lending rates are key positives.
It is among the few public sector banks that have protected its market share even with intensifying competition.
Analysts expect earnings to grow at a CAGR of 22-25 per cent over FY15-17
Full report at http://www.rediff.com/business/report/perfin-5-stocks-that-can-give-amazing-returns-even-in-a-dull-market/20150901.htm
DISHMAN PHARMA technicals
Stock closes at 52 week high even as broader market is making 52 week lows.
Monthly charts show resistance around 275.
SEBI disclosure applicable
Monthly charts show resistance around 275.
SEBI disclosure applicable
NIFTY futures intraday charts
- initial bias was weak as markets sold inspite of good global clues
- 2 short signals as shown in break of trading range
- first signal gave small profits
- second signal was cover around 7750 F
- trailing SL is shown as thick small lines
- 2 short signals as shown in break of trading range
- first signal gave small profits
- second signal was cover around 7750 F
- trailing SL is shown as thick small lines
Market outlook
- nifty trend is down on daily charts
- today some buying happening (AD flat though NF closed in red)
- circled area shows volatile moves with large swings
- this might mean markets may bottom out here
- expected movement is 60-70% of previous leg leading to formation of a triangle.
- today some buying happening (AD flat though NF closed in red)
- circled area shows volatile moves with large swings
- this might mean markets may bottom out here
- expected movement is 60-70% of previous leg leading to formation of a triangle.
BANK NIFTY nearing support on weekly charts
- BNF support is at 15800 spot
- expect some short covering around these levels
- over all trend is down
- resistance 18000-19200
- expect some short covering around these levels
- over all trend is down
- resistance 18000-19200
Prabhat Dairy cuts price band to Rs 115-126; extends IPO closure
Prabhat Dairy, an integrated milk and dairy ingredients firm, today lowered its price band to Rs 115-126 a share and also extended the issue closure by three days to September 4 amid tepid response from investors.
"Price band for the issue has been revised to Rs 115-126. A discount of Rs 5 per equity shares has been offered to retail individual bidders," as per the information available with the exchanges.
The issue, which opened on August 28, was scheduled to close today. Now, the the IPO will conclude on September 4. According to experts, price revision has been done due to low price band of peer groups and the extension of the issue period have been announced due to volatile stock markets.
Read more at: http://www.moneycontrol.com/news/ipo-issues-open/prabhat-cuts-price-band-to-rs-115-126-extends-ipo-closure_2860601.html?utm_source=ref_article
Read more at: http://www.moneycontrol.com/news/ipo-issues-open/prabhat-cuts-price-band-to-rs-115-126-extends-ipo-closure_2860601.html?utm_source=ref_article
Already posted before on twiterrati...
September 1, 2015
Stocks gaining/ losing more than 5%
ADANI POWER - AKSHOPTFBR - AMTEK AUTO - ANANT RAJ - APOLLO TYRE - ARVIND MILLS - AXIS BANK - AXISCADES - BANK BARODA - BANK OF INDIA - BLISSGVS -CANARA BANK - CENTURY TEXTILES - ESCORTS - ESSAR OIL - ESSDEE - EVEREADY - -GABRIEL - GATI - - GODREJ PROP - HCL INSYS - HINDALCO INDUSTRIES - INDIABULL REAL ESTATE - IDBI - IPAPPM - JINDALPOLY - JAIN IRRIGATION - JSW ENERGY - KEC - KOTAK BANK -KARNATAKA BANK - KWALITY - LLOYDELENG - MANALIPETC - MEP - MERCATOR - MIRZAINT - MRPL -NILKAMAL - - NOCIL - NUCLEUS - ORIENTAL BANK - PNB - RAJESHEXPO - RAMCOIND - RICO AUTO INDUSTRIES LTD - ROLTA - SAIL - SCI - SURYAROSNI - SYMPHONY - TAKE - TATA JVLR - TV 18 -UNION BANK - VADILALIND - VAKRANGEE - VOLTAS - VRLLOG -
|
NOTE:
- Code :: ROC > 5% ROC <-5 span="">
- Text size refers to liquidity. Bigger the size, more the liquidity and vice versa
- Risk management: never risk more than 1% of your capital on any trade
Complex corrective on NF weekly charts
- Complex corrective on NF weekly charts
- No impulsive move seen
- Implication: bullishness above last week's high (8100 spot)
- No impulsive move seen
- Implication: bullishness above last week's high (8100 spot)
Market outlook
- trend is down on daily charts
- last 5-6 days structure is hinting at formation of triangle
- indicative triangle lines are shown on chart
- triangle will be valid as long as AUG lows do not break
- high chances of a large bullish move if triangle breakout happens on upside
- last 5-6 days structure is hinting at formation of triangle
- indicative triangle lines are shown on chart
- triangle will be valid as long as AUG lows do not break
- high chances of a large bullish move if triangle breakout happens on upside
NIFTY futures intraday charts
- short on break of initial trading range 7890 F
- cover at small green line approx 7790 F
- I am still holding my positional short trade in calls
- cover at small green line approx 7790 F
- I am still holding my positional short trade in calls
Neowave analysis of markets
By Vivek Patil
Inside the 2nd Corrective, the “a” leg was from 20th Aug to 25th Aug (last Tuesday. The recovery thereafter is marked as “b” leg corrective to the fall. We suspected that 2nd Corrective could develop as a Triangle. As per NEoWave, a Triangle is a 5-legged pattern marked as a-b-c-d-e, usually with a violent “a” leg.
All 5 legs of the Triangle are “non-Impulsive” label-3 patterns, making it a 3-3-3-3-3 structure. The “b” leg retracing more than 61.8% of “a” leg is a “preferred” event to prove that the fall, though “violent”, was actually a “non-Impulsive” label-3 pattern.
Inside a 5-legged Triangle, 3 out of 4 retracing legs should retrace minimum 50% of their preceding legs. Our “b” has already retraced 50% of “a”, but we’d prefer it to retrace more than 61.8% to be confident about the Triangle.
For digesting the “violence” in its “a” leg, Triangle requires 4 more legs, holding the bottom of “a” leg, before the Triangle is completed. In theory, Triangle is all about holding the lows made by the initial violent fall.
Triangle consists of “contracting” action, wherein e < c < a, and d < b. We can continue to assume the Triangle if “c” remains “smaller” than “a”, even if it breaks the bottom of “a” marginally.
If the Index fails to take out the 61.8% level of 26947 (Nifty 8183), and starts closing below its previous day, then the development after “x” could fit into definition of a Zigzag, wherein “b” retraces less than 61.8% of “a”, and “c” breaks the low of “a”.
Full article at http://content.icicidirect.com/ULFiles/UploadFile_2015831112240.asp
Inside the 2nd Corrective, the “a” leg was from 20th Aug to 25th Aug (last Tuesday. The recovery thereafter is marked as “b” leg corrective to the fall. We suspected that 2nd Corrective could develop as a Triangle. As per NEoWave, a Triangle is a 5-legged pattern marked as a-b-c-d-e, usually with a violent “a” leg.
All 5 legs of the Triangle are “non-Impulsive” label-3 patterns, making it a 3-3-3-3-3 structure. The “b” leg retracing more than 61.8% of “a” leg is a “preferred” event to prove that the fall, though “violent”, was actually a “non-Impulsive” label-3 pattern.
Inside a 5-legged Triangle, 3 out of 4 retracing legs should retrace minimum 50% of their preceding legs. Our “b” has already retraced 50% of “a”, but we’d prefer it to retrace more than 61.8% to be confident about the Triangle.
For digesting the “violence” in its “a” leg, Triangle requires 4 more legs, holding the bottom of “a” leg, before the Triangle is completed. In theory, Triangle is all about holding the lows made by the initial violent fall.
Triangle consists of “contracting” action, wherein e < c < a, and d < b. We can continue to assume the Triangle if “c” remains “smaller” than “a”, even if it breaks the bottom of “a” marginally.
If the Index fails to take out the 61.8% level of 26947 (Nifty 8183), and starts closing below its previous day, then the development after “x” could fit into definition of a Zigzag, wherein “b” retraces less than 61.8% of “a”, and “c” breaks the low of “a”.
Full article at http://content.icicidirect.com/ULFiles/UploadFile_2015831112240.asp
Subscribe to:
Posts (Atom)