- trading in rectangle / height 500 points
- support 30300
- resistance 30800
-31200 (if breakout happens)
- support 30300
- resistance 30800
-31200 (if breakout happens)
July 19, 2019
NIFTY futures channel on hourly charts
- expect lower trendline to provide support
- resistance 11650
- resistance 11650
July 18, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.8% in negative at 11597
- AD was 5:13
- 16 stocks made 52 week highs and 258 stocks made new 52 week lows
- trend is down on daily charts
- today nifty closed 0.8% in negative at 11597
- AD was 5:13
- 16 stocks made 52 week highs and 258 stocks made new 52 week lows
What happens to the Aadhar card when the holder passes away? And the risks involved
UIDAI has not built any process or technology to handle an Aadhaar holder’s death. There are multiple issues that arise from this inability of UIDAI to handle death.
Now, have you wondered what happens to someone’s mobile number once they pass away? Telecom companies deactivate a phone number after 90 days of no usage, and then may assign it to new subscribers after a month or so. In essence, a dead person’s phone number may get assigned to a new person within 4–6 months. (The same reassignment policy applies for anyone who stops using their phone number, dead or alive.)
We know that Aadhaar numbers have a mobile number mapped with them in the UIDAI database, and is used by UIDAI for sending OTPs during authentication. Hence, the phone number owned by a dead person (and updated in UIDAI records) may get assigned to someone else six months after their death, but UIDAI will never find out that this phone number no longer belongs to that dead person.
Read more at https://medium.com/karana/death-of-an-aadhaar-64fb38be07c8
Now, have you wondered what happens to someone’s mobile number once they pass away? Telecom companies deactivate a phone number after 90 days of no usage, and then may assign it to new subscribers after a month or so. In essence, a dead person’s phone number may get assigned to a new person within 4–6 months. (The same reassignment policy applies for anyone who stops using their phone number, dead or alive.)
We know that Aadhaar numbers have a mobile number mapped with them in the UIDAI database, and is used by UIDAI for sending OTPs during authentication. Hence, the phone number owned by a dead person (and updated in UIDAI records) may get assigned to someone else six months after their death, but UIDAI will never find out that this phone number no longer belongs to that dead person.
Read more at https://medium.com/karana/death-of-an-aadhaar-64fb38be07c8
India heading to a debt trap?
WARNING:— SonaliRanade (@sonaliranade) July 17, 2019
Interest payments on Govt. borrowings are now growing at a faster rate than the GDP itself.
That is spelled as DEBT TRAP.
Are you a rent seeker or risk taker?
Practically, any CEO who "rose through the ranks" is competent at being an actor. No exception.— Nassim Nicholas Taleb (@nntaleb) July 18, 2019
Entrepreneur or nothing.https://t.co/tK3mBnODqO
July 17, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.2% in positive at 11687
- AD was flat
- trend is down on daily charts
- today nifty closed 0.2% in positive at 11687
- AD was flat
July 16, 2019
Channel on nifty futures chart
- just observed channeled movement in nifty fut 30 / 60 min charts
- channeled moves are usually a correction to prev move
- if channel holds, expect sluggish movement for some more time
- a fast breakout above 11700 can render channel invalid
- channeled moves are usually a correction to prev move
- if channel holds, expect sluggish movement for some more time
- a fast breakout above 11700 can render channel invalid
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.6% in positive at 11661
- AD was flat
- selloff continues in broader market
- but VIX fell by almost 3%
- trend is down on daily charts
- today nifty closed 0.6% in positive at 11661
- AD was flat
- selloff continues in broader market
- but VIX fell by almost 3%
July 15, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11588
- AD was 1:2
- midcaps and smallcaps continued to correct
- 16 stocks made new 52 week highs and 200+ stocks made 52 week lows
- trend is down on daily charts
- today nifty closed 0.3% in positive at 11588
- AD was 1:2
- midcaps and smallcaps continued to correct
- 16 stocks made new 52 week highs and 200+ stocks made 52 week lows
July 14, 2019
Welcome the new Bhartiya Janta Congress Party
Did you vote BJP this time or Congress?
Don't worry... everything is fair in politics... there are no permanent enemies, only common interests... your ideology, criminal background, corruption abilities, principles etc simply does not matter.
Just see the tamasha... elected Karnataka representatives want to defect to BJP, Congress MLAs in Goa have already joined BJP ... Maharashtra next?
The voters always get taken for a ride... fact of life.
Don't worry... everything is fair in politics... there are no permanent enemies, only common interests... your ideology, criminal background, corruption abilities, principles etc simply does not matter.
Just see the tamasha... elected Karnataka representatives want to defect to BJP, Congress MLAs in Goa have already joined BJP ... Maharashtra next?
The voters always get taken for a ride... fact of life.
DHFL may not survive as a ;going concern'?
Wonder who is buying from 500 levels to below 100 now.... trend is so clearly down.
Read more at https://economictimes.indiatimes.com/markets/stocks/news/dhfl-warns-investors-it-may-not-survive-as-a-going-concern/articleshow/70212838.cms
Read more at https://economictimes.indiatimes.com/markets/stocks/news/dhfl-warns-investors-it-may-not-survive-as-a-going-concern/articleshow/70212838.cms
July 12, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.3% in negative at 11553
- AD was flat
- 11 stocks made 52 week highs and 160 stocks made 52 week lows
- nifty still trading within channel
- VIX down 4% ... complacency?
- a breakout above 11600 was sold into
- trend is down on daily charts
- today nifty closed 0.3% in negative at 11553
- AD was flat
- 11 stocks made 52 week highs and 160 stocks made 52 week lows
- nifty still trading within channel
- VIX down 4% ... complacency?
- a breakout above 11600 was sold into
BALAJI AMINES.. funny recommendation by HDFC
Bleak future ahead... still given buy reco on 20-MAY at 439 with TGT 525
See blue arrow.......Stock has lost 100 points since then!!!
See blue arrow.......Stock has lost 100 points since then!!!
July 11, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed .7% in positive at 11583
- AD was flat ... why?
- 14 stocks made 52 week highs and 176 stocks made 52 week lows
- VIX down 8%... why?
- does this mean no fear of any downside?
- or expectation of rangebound markets?
- trend is down on daily charts
- today nifty closed .7% in positive at 11583
- AD was flat ... why?
- 14 stocks made 52 week highs and 176 stocks made 52 week lows
- VIX down 8%... why?
- does this mean no fear of any downside?
- or expectation of rangebound markets?
July 10, 2019
Market outlook
Daily charts:
- trend is down on daily charts
- today nifty closed 0.4% in negative at 11498
- AD was 6:11
- next deep support area 11000-11000
- today something interesting happened
- VIX increased initially and later dropped after 12pm
- so markets were going down but option prices did not increase
- this usually happens when a bottom is nearby
- let's see... before the budget also VIX dropped but still markets tanked
- trend is down on daily charts
- today nifty closed 0.4% in negative at 11498
- AD was 6:11
- next deep support area 11000-11000
- today something interesting happened
- VIX increased initially and later dropped after 12pm
- so markets were going down but option prices did not increase
- this usually happens when a bottom is nearby
- let's see... before the budget also VIX dropped but still markets tanked
July 9, 2019
If it moves, tax it... desperate India
The government is targeting foreign investors, high-earning employees and companies to plug its fiscal gap. Such overreach never ends well.
Desperation is creeping into India’s economic policy-making. Having lost the fiscal plot, bureaucrats are trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the central bank. Such overreach never ends well.
Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 per cent the government had hoped to obtain. Rathin Roy, director of the New Delhi-based National Institute of Public Finance and Policy, describes the situation as an “unstated fiscal crisis.” Instead of confronting the sober reality, revamping a flawed goods and services tax, and taking steps to pull the economy out of a synchronized slowdown in consumption and private investment, bureaucrats are trying to make up the revenue shortfall by taxing everything that moves.
Read more at https://www.business-standard.com/article/economy-policy/if-it-moves-tax-it-desperation-creeps-into-indian-economic-policy-making-119070900359_1.html
Desperation is creeping into India’s economic policy-making. Having lost the fiscal plot, bureaucrats are trying to marshal resources by squeezing taxpayers, foreign investors, firms planning buybacks and even the central bank. Such overreach never ends well.
Tax collections last year were a full 1 percentage point of GDP lower than the 7.9 per cent the government had hoped to obtain. Rathin Roy, director of the New Delhi-based National Institute of Public Finance and Policy, describes the situation as an “unstated fiscal crisis.” Instead of confronting the sober reality, revamping a flawed goods and services tax, and taking steps to pull the economy out of a synchronized slowdown in consumption and private investment, bureaucrats are trying to make up the revenue shortfall by taxing everything that moves.
Read more at https://www.business-standard.com/article/economy-policy/if-it-moves-tax-it-desperation-creeps-into-indian-economic-policy-making-119070900359_1.html
Market outlook
Daily charts:
- trend is down
- today nifty closed flat at 11556
- AD was flat
- 10 stocks made 52 week highs and 196 stocks made 52 week lows
- trend is down
- today nifty closed flat at 11556
- AD was flat
- 10 stocks made 52 week highs and 196 stocks made 52 week lows
July 8, 2019
Market outlook
Daily charts:
- trend is down on daily charts (wef today)
- first warning came on hourly charts on Friday
- today markets closed 2.14% in negative at 11559
- AD was 2:7
- I have drawn one channel
- let us see if markets trade within the channel or break lower trendline
- if markets continue trading within channel, there will be whipsaws
- one thing is clear
- 11800 to 12000 is distribution zone
- recall all my prev posts about nifty PE being 28+
- and other posts showing rally lacked broader market participation
- trend is down on daily charts (wef today)
- first warning came on hourly charts on Friday
- today markets closed 2.14% in negative at 11559
- AD was 2:7
- I have drawn one channel
- let us see if markets trade within the channel or break lower trendline
- if markets continue trading within channel, there will be whipsaws
- one thing is clear
- 11800 to 12000 is distribution zone
- recall all my prev posts about nifty PE being 28+
- and other posts showing rally lacked broader market participation
Subscribe to:
Posts (Atom)