March 18, 2018
March 17, 2018
March 16, 2018
AFL to display All Time High / Low for stocks (Amibroker only)
This AFL displays list of stocks at their All Time High and Low.
//copyright kpl@vfmdirect.com
//This AFL displays all time high and low for stocks
Filter=(H==Highest(H) OR L==Lowest(L)) AND C>20;
AddColumn(C,"Close",1.2);
AddColumn(Highest(H),"All time Hi",1.2,colorDefault,IIf(H==Highest(H),colorLightBlue,colorDefault));
AddColumn(Highest(L),"All time Lo",1.2,colorDefault,IIf(L==Lowest(L),colorOrange,colorDefault));
>>> AFL starts//copyright kpl@vfmdirect.com
//This AFL displays all time high and low for stocks
Filter=(H==Highest(H) OR L==Lowest(L)) AND C>20;
AddColumn(C,"Close",1.2);
AddColumn(Highest(H),"All time Hi",1.2,colorDefault,IIf(H==Highest(H),colorLightBlue,colorDefault));
AddColumn(Highest(L),"All time Lo",1.2,colorDefault,IIf(L==Lowest(L),colorOrange,colorDefault));
<<< AFL ends
Market outlook
Daily charts
- trend is down on daily charts
- today NF closed 1.6% in negative at 10195
- AD was negative at 1:2
- option writing support 10000 resistance 10500
- region of 10000-10100 likely to offer support
- trend is down on daily charts
- today NF closed 1.6% in negative at 10195
- AD was negative at 1:2
- option writing support 10000 resistance 10500
- region of 10000-10100 likely to offer support
Outlook and Trading Strategy of Nifty for 16 Mar 2018 Onward
Nifty opened almost flat at 10405 and bounced further to register day’s high 10420 but failed to sustain at higher levels and decline by more than 70 points to register day’s low 10346 and finally closed 50 points down at 10360.
Yesterday, I expected an Ending Diagonal Triangle in progress and 10440 was the point from where we can get clue of next move, but a decline below 10141 or bounce above 10631 was expected soon. 10389 was immediate breakeven point below which further decline towards 10336-10223 was expected.
Short term trading strategy was Selling on Rise with stoploss whenever getting opportunity. And I suggested holding hedge trade taken on Monday/Tuesday by buying 10600 Call and 10300 Put in equal quantity till further update. Let’s have a fresh look at latest charts for further scenario.
This analysis report is covering bounce from low 6825 and earlier wave counts are explained in my last “All time Frame” report Elliott Wave Analysis Update of Nifty on All Time Frames as on 22 Jan 2018
Read more at http://sweeglu.com/outlook-and-trading-strategy-of-nifty-for-16-mar-2018-onward/
Yesterday, I expected an Ending Diagonal Triangle in progress and 10440 was the point from where we can get clue of next move, but a decline below 10141 or bounce above 10631 was expected soon. 10389 was immediate breakeven point below which further decline towards 10336-10223 was expected.
Short term trading strategy was Selling on Rise with stoploss whenever getting opportunity. And I suggested holding hedge trade taken on Monday/Tuesday by buying 10600 Call and 10300 Put in equal quantity till further update. Let’s have a fresh look at latest charts for further scenario.
This analysis report is covering bounce from low 6825 and earlier wave counts are explained in my last “All time Frame” report Elliott Wave Analysis Update of Nifty on All Time Frames as on 22 Jan 2018
Read more at http://sweeglu.com/outlook-and-trading-strategy-of-nifty-for-16-mar-2018-onward/
March 15, 2018
Market outlook
Daily charts
- trend is down on daily charts
- today NF closed 0.5% down at 10360
- AD was 2:1 (bullish sign)
- option writing resistance 10500
- trend is down on daily charts
- today NF closed 0.5% down at 10360
- AD was 2:1 (bullish sign)
- option writing resistance 10500
You Don’t Know What You Want
The problem is that the human brain is a “meaning machine,” and it will make sense out of literally anything put it front of it.
Earlier today I watched psychologist Petter Johansson TED talk on “choice blindness”— a phenomenon where we convince ourselves something is what we want, even when it isn’t.
Johansson poses the question, “do you really know why you do what you do?” And even as we all will swear up and down “yes” in response, he proves we rarely do.
He describes two experiments he ran in which participants were asked to rate their preferences between two things, and then asked to explain why.
Seems simple enough.
Except that as part of the experiment, he reversed their preference, presenting the opposite selection back as though they’d chosen it, without telling them. And the crazy thing was: when asked, they’d still “explain” why it was their preference.
In other words: we have no idea what we want. We are inherently fickle and easily swayed.
So when it comes to “looking inside ourselves” for an answer, the reality is: that answer will never be there.
“A lot of what we call self-knowledge is actually self-interpretation. So I see myself make a choice, and then when I’m asked why, I just try to make as much sense of it as possible when I make an explanation. But we do this so quickly and with such ease that we think we actually know the answer.”
And the reverse side of this coin? Confirmation bias, of course: once we make a selection, we’ll do most anything to rationalize it. Which is why action will always trump analysis, even — especially — when it comes to “figuring out what we want.”
Read more at https://medium.com/@krisgage/you-have-no-idea-what-you-want-757567375d31
Earlier today I watched psychologist Petter Johansson TED talk on “choice blindness”— a phenomenon where we convince ourselves something is what we want, even when it isn’t.
Johansson poses the question, “do you really know why you do what you do?” And even as we all will swear up and down “yes” in response, he proves we rarely do.
He describes two experiments he ran in which participants were asked to rate their preferences between two things, and then asked to explain why.
Seems simple enough.
Except that as part of the experiment, he reversed their preference, presenting the opposite selection back as though they’d chosen it, without telling them. And the crazy thing was: when asked, they’d still “explain” why it was their preference.
In other words: we have no idea what we want. We are inherently fickle and easily swayed.
So when it comes to “looking inside ourselves” for an answer, the reality is: that answer will never be there.
“A lot of what we call self-knowledge is actually self-interpretation. So I see myself make a choice, and then when I’m asked why, I just try to make as much sense of it as possible when I make an explanation. But we do this so quickly and with such ease that we think we actually know the answer.”
And the reverse side of this coin? Confirmation bias, of course: once we make a selection, we’ll do most anything to rationalize it. Which is why action will always trump analysis, even — especially — when it comes to “figuring out what we want.”
Read more at https://medium.com/@krisgage/you-have-no-idea-what-you-want-757567375d31
March 14, 2018
Market outlook
Daily charts
- trend is down on daily charts
- today NF closed flat at 10410
- nifty formed lower high lower low (first day, 2-3 are allowed in a rally)
- AD was flat
- option writing range 10000-10500
- trend is down on daily charts
- today NF closed flat at 10410
- nifty formed lower high lower low (first day, 2-3 are allowed in a rally)
- AD was flat
- option writing range 10000-10500
RIP Stephen Hawking - a brilliant person from whom I learned a lot about the universe
“Remember to look up at the stars & not down at your feet.Try to make sense of what you see & wonder about what makes the universe exist. However difficult life may seem there is always something you can do & succeed at. It matters that you don’t just give up.”
Stephen Hawking died Wednesday after complications due to amyotrophic lateral sclerosis, a progressive neurodegenerative disease. He was 76.
The world-renowned theoretical physicist and cosmologist was best known for his work on black holes. Hawking theorized that, contrary to the prevailing scientific belief that black holes were inescapable for all forms of matter and energy, they actually emitted a form of radiation ― now known as Hawking radiation. He also played a key role in the mathematical effort to unify Einstein’s general theory of relativity with the emergent field of quantum physics.
March 13, 2018
Market outlook
Daily charts
- trend is down on daily charts
- NIFTY closes flat at 10427
- formation of higher high higher lows is intact
- AD was positive at 2:1
- option writing support 10000 resistance 10500
- trend is down on daily charts
- NIFTY closes flat at 10427
- formation of higher high higher lows is intact
- AD was positive at 2:1
- option writing support 10000 resistance 10500
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