A mistake I see so many new and aspiring traders make is that they place way too much importance on the next trade or series of trades. A trade is nothing more or less than a datum point in a series of data points
February 22, 2018
Change in index constituents
Changes effective from 2nd April 2018
Read more at https://www.nseindia.com/content/circulars/FAOP37023.pdf
Read more at https://www.nseindia.com/content/circulars/FAOP37023.pdf
February 21, 2018
Mark Mobius bullish on Indian economy and markets
Mark Mobius is bullish on Indian economy and thinks growth rate will surpass China sustainably if the reforms continue to kick in. He also finds Indian equity markets attractive after the recent correction and appreciated government’s move to impose long term capital gains tax.
He said that valuations are stretched globally and markets are at a high point but if the earnings keep up, stretched valuation could continue. He also said that bull market lasts longer than the bear market. He is bullish on the consumer space and underweight on telecom companies in India.
Read more at https://www.thehindubusinessline.com/markets/mark-mobius-bullish-on-indian-economy-and-capital-markets/article22799709.ece
He said that valuations are stretched globally and markets are at a high point but if the earnings keep up, stretched valuation could continue. He also said that bull market lasts longer than the bear market. He is bullish on the consumer space and underweight on telecom companies in India.
Read more at https://www.thehindubusinessline.com/markets/mark-mobius-bullish-on-indian-economy-and-capital-markets/article22799709.ece
Calling all citizens to pay their taxes on time and fund the defaulters/ scamsters
Prove your loyalty to the nation... pay your taxes on time but don't expect anything in return.
And link everything you have to Aadhaar.
You have to fill for the defaults by Nirav Modi, Vipul Kothari of Rotomac, Winsome Diamonds, Vijay Mallya of Kingfisher and many others.
Acche din are here now... if you don't believe then it means you are on the wrong side.
And link everything you have to Aadhaar.
You have to fill for the defaults by Nirav Modi, Vipul Kothari of Rotomac, Winsome Diamonds, Vijay Mallya of Kingfisher and many others.
Acche din are here now... if you don't believe then it means you are on the wrong side.
Swing trading signals :: 21-FEB-2018
Swing trading signals :: 21-FEB-2018
- This report is for educational purposes only and is not recommended for trading or investment.
- Liquidity filter: ||||| excellent liquidity - ||||| good liquidity - ||||| low liquidity.
| Stock name | Close | Percentage Change | Signal | Reversal Level/ SL | Last Month's | ||
|---|---|---|---|---|---|---|---|
| 1 day | 20 days | High | Low | ||||
| ||||| AIFL | 490.85 | 1.50% | 6.00% | BUY | 441.00 | 483 | 441 |
| ||||| APOLLO | 281.35 | -2.00% | -36.00% | SELL | 419.70 | 480 | 327 |
| ||||| AUROPHARMA | 571.00 | -0.50% | -10.50% | SELL | 663.00 | 699 | 623 |
| ||||| BHARATFIN | 969.20 | -1.50% | -3.50% | SELL | 1097.50 | 1068 | 988 |
| ||||| BODALCHEM | 139.50 | -2.00% | -14.50% | SELL | 165.50 | 176 | 158 |
| ||||| GLAXO | 2388.90 | -1.00% | -3.00% | SELL | 2501.00 | 2534 | 2413 |
| ||||| HUBTOWN | 88.15 | -4.50% | -31.50% | SELL | 136.70 | 167 | 115 |
| ||||| IDBI | 70.30 | 5.50% | 15.00% | BUY | 56.00 | 70 | 58 |
| ||||| IMFA | 580.80 | -1.00% | -15.50% | SELL | 717.75 | 777 | 645 |
| ||||| INDUSINDBK | 1594.25 | -1.50% | -5.00% | SELL | 1817.80 | 1761 | 1618 |
| ||||| JKTYRE | 152.85 | -3.00% | -14.00% | SELL | 193.00 | 183 | 144 |
| ||||| LAKSHVILAS | 114.65 | -3.00% | -18.00% | SELL | 140.30 | 152 | 127 |
| ||||| LT | 1282.80 | -0.50% | -8.00% | SELL | 1470.00 | 1442 | 1243 |
| ||||| MAJESCO | 464.90 | -1.50% | -16.50% | SELL | 603.90 | 604 | 505 |
| ||||| MOTHERSUMI | 314.10 | -3.50% | -18.00% | SELL | 388.80 | 390 | 360 |
| ||||| NATIONALUM | 66.45 | -1.00% | -13.50% | SELL | 80.70 | 90 | 74 |
| ||||| PFC | 104.60 | -1.00% | -12.50% | SELL | 122.50 | 129 | 115 |
| ||||| PFS | 30.35 | -2.50% | -17.00% | SELL | 36.90 | 39 | 35 |
| ||||| SHK | 276.85 | -1.00% | -10.50% | SELL | 312.85 | 314 | 281 |
| ||||| SRTRANSFIN | 1261.85 | -2.00% | -14.50% | SELL | 1516.00 | 1546 | 1351 |
| ||||| SUNPHARMA | 525.75 | -6.00% | -8.50% | SELL | 608.95 | 605 | 560 |
| ||||| SUPRAJIT | 265.15 | -1.50% | -13.50% | SELL | 315.00 | 348 | 292 |
Market outlook
Daily charts
- trend is down on daily charts
- today, NF closed 0.4% in positive at 10397
- AD was negative at 2:3
- VIX down 6%
- option writing support at 10000 (March series)
- trend is down on daily charts
- today, NF closed 0.4% in positive at 10397
- AD was negative at 2:3
- VIX down 6%
- option writing support at 10000 (March series)
Why should you stop paying taxes
Amount looted... Nirav Modi Rs.11,000 crores, Rotomac (V Kothari) Rs.3,000 crores, Winsome Diamonds Rs.6,000 crores. And many many more in the past.
All related (distantly) to big business families of India. So one can safely assume nothing will happen.
Wonder if these people had Aadhaar cards. Why ordinary people are being bombarded with messages to link everything with Aadhaar ... all in name of preventing black money.
But if I default on a car loan or housing loan, I and my family will be harassed non stop and the assets will be seized.
These rules don't apply to big people... otherwise these defaults or scams would not have happened.
So why should I pay taxes? My taxes are for the betterment of society... not to benefit the defaulters or help the govt recapitalise loss making banks. Every such scam means my money is lost forever.
NOTE: this post is not a reflection of the political party in power. It is more a frustration of govt harassing ordinary citizens while ignoring or allowing the big fish to escape.
All related (distantly) to big business families of India. So one can safely assume nothing will happen.
Wonder if these people had Aadhaar cards. Why ordinary people are being bombarded with messages to link everything with Aadhaar ... all in name of preventing black money.
But if I default on a car loan or housing loan, I and my family will be harassed non stop and the assets will be seized.
These rules don't apply to big people... otherwise these defaults or scams would not have happened.
So why should I pay taxes? My taxes are for the betterment of society... not to benefit the defaulters or help the govt recapitalise loss making banks. Every such scam means my money is lost forever.
NOTE: this post is not a reflection of the political party in power. It is more a frustration of govt harassing ordinary citizens while ignoring or allowing the big fish to escape.
Very scary... it is all in the family
Now I am 100% sure nothing will happen to these people... see how well connected they are to the big fish... the only option is to hang the bankers responsible for this mess.
Source: https://thewire.in/225884/india-incs-recent-scams-turn-laws-outlaws/
Source: https://thewire.in/225884/india-incs-recent-scams-turn-laws-outlaws/
February 20, 2018
Market outlook
Daily charts
- trend is down on daily charts
- today NF closed 0.2% in negative at 10360
- AD was negative
- option writing support 10000 (March series)
- trend is down on daily charts
- today NF closed 0.2% in negative at 10360
- AD was negative
- option writing support 10000 (March series)
February 19, 2018
China launches crackdown against 7 mn bank defaulters, shows India how to deal with debtors
With examples of bank defaulters like Vijay Mallya, absconding from the country, still fresh in the minds of Indians, China has taken another strict step towards penalising the debtors and defaulters. In an unprecedented crackdown, China’s Supreme People’s Court has blacklisted 6.73 million bank defaulters and restricted them from travelling by plane, applying for loans & credit cards or getting promoted.
As reported by Global Times, till date, the Chinese government had barred 6.15 million people from buying plane tickets and 2.22 million from travelling by high-speed train. Supreme people’s Court enforcement bureau chief, Meng Xiang has confirmed that SPC has cooperated with airlines and railway companies to bar the defaulters with the help of their official IDs and passports. The implementation of the ban based on passports was initiated as earlier many defaulter with barred ID card numbers started buying plane tickets with their passports.
Read more at http://www.financialexpress.com/world-news/china-launches-crackdown-against-7-mn-bank-defaulters-shows-india-how-to-deal-with-debtors/558021/
As reported by Global Times, till date, the Chinese government had barred 6.15 million people from buying plane tickets and 2.22 million from travelling by high-speed train. Supreme people’s Court enforcement bureau chief, Meng Xiang has confirmed that SPC has cooperated with airlines and railway companies to bar the defaulters with the help of their official IDs and passports. The implementation of the ban based on passports was initiated as earlier many defaulter with barred ID card numbers started buying plane tickets with their passports.
Read more at http://www.financialexpress.com/world-news/china-launches-crackdown-against-7-mn-bank-defaulters-shows-india-how-to-deal-with-debtors/558021/
Market outlook
Daily charts
- trend is down on daily charts
- today NF closed 0.7% in negative at 10378
- AD was 1:4
- some signs of buying seen as NF comes close to 6-FEB gapdown opening level
- option writing support 10000 resistance 10600
- this level is a good resistance area
- trend is down on daily charts
- today NF closed 0.7% in negative at 10378
- AD was 1:4
- some signs of buying seen as NF comes close to 6-FEB gapdown opening level
- option writing support 10000 resistance 10600
- this level is a good resistance area
Careful, MSCI, you may be raising a new Osama bin Laden
A scathing open letter, by Nilesh Shah of Kotak MF to MSCI on its threat to remove India from the MSCI index.
Please evaluate the following facts before taking any decision in the context of issuing a stern warning for weightage cut to India for nonsharing of data by exchanges with its competitors:
• India is the only country in the world where in the listed segment, the largest bank, the largest insurance company, the largest mortgage company, the largest FMCG company, the largest telecom company, the largest automobile company etc are majority-owned by foreigners. Do you think that is ..
Read more at: http://economictimes.indiatimes.com/articleshow/62978325.cms
Please evaluate the following facts before taking any decision in the context of issuing a stern warning for weightage cut to India for nonsharing of data by exchanges with its competitors:
• India is the only country in the world where in the listed segment, the largest bank, the largest insurance company, the largest mortgage company, the largest FMCG company, the largest telecom company, the largest automobile company etc are majority-owned by foreigners. Do you think that is ..
Read more at: http://economictimes.indiatimes.com/articleshow/62978325.cms
Charlie Munger on Bitcoins, Banking, AI, and Life
On searching for ideas – The two rules of fishing are to fish where the fish are, and don’t forget the first rule. Investing is the same thing. In some places, no matter how good a fisherman you are, you won’t do well. Life is a long game. Take it as comes and do the best you can, and if you live to an old age, you will get your full share of opportunities, which will be two in total, maybe, but seize one of the two, and you will be alright.
On banking – Banking is a very peculiar business. The temptations to do something stupid are way greater for a bank CEO. Banks are a dangerous place to invest. There are a lot of ways to make the near-term future look good by taking risks that affect long term future. There are a few exceptions. Berkshire tries to pick a few exceptions as best we can when we look at banks. I haven’t anything more to say except that I am right.
On overvaluation of Google, Facebook, Apple and Amazon – I don’t know. Next question.
On money management (Peter Kaufman) – I call them the five aces: (1) total integrity, (2)
Read more at https://www.safalniveshak.com/charlie-munger-bitcoins-banking-life
On banking – Banking is a very peculiar business. The temptations to do something stupid are way greater for a bank CEO. Banks are a dangerous place to invest. There are a lot of ways to make the near-term future look good by taking risks that affect long term future. There are a few exceptions. Berkshire tries to pick a few exceptions as best we can when we look at banks. I haven’t anything more to say except that I am right.
On overvaluation of Google, Facebook, Apple and Amazon – I don’t know. Next question.
On money management (Peter Kaufman) – I call them the five aces: (1) total integrity, (2)
Read more at https://www.safalniveshak.com/charlie-munger-bitcoins-banking-life
February 18, 2018
BPCL - example of how expanding triangle can make trading difficult
My kplswing indicator gave so many signals - all of which failed on daily charts.
February 17, 2018
NIFTY weekly charts
- trend is up on weekly charts
- support 10000
- note 200 DMA on daily charts is around 10100
- support 10000
- note 200 DMA on daily charts is around 10100
February 16, 2018
Swing trading signals :: 16-FEB-2018
Swing trading signals :: 16-FEB-2018
- This report is for educational purposes only and is not recommended for trading or investment.
- Liquidity filter: ||||| excellent liquidity - ||||| good liquidity - ||||| low liquidity.
| Stock name | Close | Percentage Change | Signal | Reversal Level/ SL | Last Month's | ||
|---|---|---|---|---|---|---|---|
| 1 day | 20 days | High | Low | ||||
| ||||| ABAN | 173.70 | -2.00% | -29.00% | SELL | 254.95 | 281 | 200 |
| ||||| ALLCARGO | 175.70 | -2.50% | -13.50% | SELL | 207.50 | 229 | 191 |
| ||||| ALPHAGEO | 815.60 | -2.00% | -12.00% | SELL | 985.00 | 1054 | 891 |
| ||||| BANKINDIA | 130.45 | -2.00% | -20.50% | SELL | 183.25 | 183 | 155 |
| ||||| BIRLACORPN | 967.55 | -2.00% | -19.00% | SELL | 1222.30 | 1266 | 1073 |
| ||||| COLPAL | 1076.55 | -1.00% | -5.50% | SELL | 1174.00 | 1174 | 1085 |
| ||||| DENABANK | 21.35 | -2.50% | -16.50% | SELL | 27.85 | 28 | 25 |
| ||||| DLINKINDIA | 107.25 | -2.50% | -22.00% | SELL | 141.30 | 154 | 123 |
| ||||| GLENMARK | 521.00 | -1.50% | -17.00% | SELL | 647.00 | 647 | 583 |
| ||||| GOLDBEES | 2763.40 | 0.50% | 2.00% | BUY | 2675.05 | 2745 | 2631 |
| ||||| GVKPIL | 17.85 | -4.50% | -26.00% | SELL | 25.45 | 28 | 18 |
| ||||| HGS | 872.10 | -3.00% | -4.50% | SELL | 1037.80 | 1015 | 868 |
| ||||| KWALITY | 85.35 | -3.00% | -17.50% | SELL | 108.00 | 119 | 97 |
| ||||| MAHABANK | 18.45 | -1.50% | -14.50% | SELL | 22.70 | 25 | 19 |
| ||||| MFSL | 500.75 | -3.00% | -9.50% | SELL | 559.95 | 605 | 515 |
| ||||| MOTHERSUMI | 326.75 | -4.00% | -14.50% | SELL | 388.80 | 390 | 360 |
| ||||| PRABHAT | 174.60 | -2.50% | -21.00% | SELL | 241.05 | 254 | 208 |
| ||||| SBIN | 271.65 | -2.50% | -11.50% | SELL | 332.75 | 333 | 293 |
| ||||| SYNDIBANK | 59.55 | -3.00% | -25.50% | SELL | 83.50 | 84 | 72 |
| ||||| TEJASNET | 348.90 | -0.50% | -17.50% | SELL | 453.45 | 472 | 370 |
| ||||| UBL | 1010.40 | -2.50% | -10.50% | SELL | 1243.00 | 1199 | 1021 |
| ||||| UNICHEMLAB | 336.65 | -2.50% | -6.50% | SELL | 380.50 | 382 | 323 |
| ||||| YESBANK | 311.80 | -2.50% | -8.50% | SELL | 367.25 | 366 | 307 |
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