Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.4% in positive
- AD was 2:1 while VIX dropped 5%
- option writing support 9000

This day trader lost Rs 24 lakh in 5 minutes

Imagine investing about Rs 11,250 in the stock market and getting a return of Rs 6.08 lakh in a span of five minutes.

But when the broker sends you the contract note, the securities transaction tax (STT) for the trade is over Rs 24 lakh -- almost four times the profit -- and it's not a printing mistake.

It happened with 27-year-old management student Chirag Gupta.

When about five minutes were left for the markets to close, Gupta saw that he could buy Nifty call options at 5 paise per unit and make a profit of around Rs 2.75 a unit.

He bought options that Nifty will close above 8,600 and it closed at 8,602.75.

Gupta bought all the Nifty lots (3,000) he could in the short span of time.

One Nifty lot has 75 units.

Later, he realised that his broker had deducted over Rs 24 lakh from his trading account for STT.

Gupta's mistake: He let the option expire.

The calculation of STT is different if a trader squares off the position before expiry and if he lets the contract expire.

Read more at http://www.rediff.com/business/report/this-day-trader-lost-rs-24-lakh-in-5-minutes/20170419.htm

How to manipulate a F&O stock

Some traders say it is possible for a cartel of brokers to get together and take up huge positions through circular trading in a way that the marketwide limit in a security is breached.

That makes it impossible for new traders to sell the futures even if they feel the rise in a company’s stock price is unjustified.

This helps keep the stock price firm.

Also, traders with existing short positions in the derivatives segment will be forced to cover their positions at a higher price, pushing the stock price even higher.-from Money Control

Market outlook

Daily chart
- trend is up on daily chart
- today, markets traded in a small range and closed flat
- AD was marginally positive
- option writing support 9000

Expanding wedge on NIFTY futures hourly charts

Typically these are followed by some fast moves... direction unknown (my bias is downwards)

Market outlook

Daily charts
- trend is up on daily charts
- today, markets opened strongly but sold off later in the day
- close was below open and also below low of previous day
- AD was initially 2:1 but reversed to 1:2 at end of day
- VIX up 4%
- support 9000

BANK NIFTY technicals

- trend is up on daily charts
- today, BNF broke out from 3-4 trading range but sold off
- close was at day's low
- PIN bar formed today???
- support 21300

Your finger print is the worst password you can ever have

A password is something which only you should know. While using a debit card or credit card, you enter the password yourself and do not advertise this to the world.

Viewed from this perspective, using a finger print as a login/ authentication tool can be the worst way to login.

The reason is simple... as long as you keep touching anything anywhere you are leaving your finger prints. Copying this finger print calls for low level skills.

Read the links below....

Search Results

Your phone's biggest vulnerability is your fingerprint - The Verge

www.theverge.com/2016/5/2/.../iphone-samsung-fingerprint-duplicate-hack-security

May 2, 2016 - In five minutes, a single person faked a fingerprint and broke into my ... As hacks go, it ranks just a little harder than steaming open a letter.

How to Fool a Fingerprint Security System As Easy As ABC - All

www.instructables.com/id/How-To-Fool-a-Fingerprint-Security-System-As-Easy-/

IBM never want you to know about,. it works for most of the fingerprint ... The scanner used in thishack stores only there special points of the user's fingerprint ...

Your phone's fingerprint scanner can be hacked with a printer

mashable.com/2016/03/11/phones-fingerprint-hack/

Mar 11, 2016 - If you thought keeping your smartphone locked behind a fingerprint scanner would keep it secure, it may not be as stranger-proof as you thought. Researchers have found that with an inkjet printer and some special ink and paper, anyone can hack into your phone in 15 minutes or less ...

Your fingerprint sensor could be hacked with a single photo – BGR

bgr.com/2017/01/11/is-touch-id-safe-fingerprint-camera/

Jan 11, 2017 - Our fingerprints guard our digital lives more than ever before and, between Apple's Touch ID and the various fingerprint unlock features from ...

Your smartphone fingerprint reader could be hacked using paper and ...

https://nakedsecurity.sophos.com/.../your-smartphone-fingerprint-reader-could-be-ha...

Mar 8, 2016 - Security researchers have tricked the fingerprint sensor on two smartphones with an inkjet printer, special silver conductive ink and paper.

Market outlook

Daily charts
- trend is up on daily chart
- today, markets closed flat.
- AD was flat, VIX up 2%

Neowave outlook for market

...Even by conventional Technical Analysis, gap-up action creates technical support for the Future market action. Indeed, lending importance to the huge gap-up area, we had shifted the starting point of “g” from 9th March to 27th March. At last week’s low, Sensex was less than 100 pts away the gap-up area.

Typical of Triangle, the b-leg looks “slower”, i.e. it has consumed 6 days to retrace 67% of 6-day long a-leg so far. It could retrace more of a-leg, but should not ideally break the starting point of the a-leg.

For the fresh week, accordingly, we may watch if the b-leg holds the gap-up area of 14th March or not. If it does hold the said gap-up area, then we could expect an upward c-leg of the Ending Triangle.

Due to what we suspect Triangle with “contracting” legs inside “g”, trading environment could turn narrower, choppy & tricky until it breaks out from the triangular situation.

We may have to look for Diametric possibility for “g” if b-leg turns bigger than a-leg. Completion of “g” would be indicated by faster retracement of its last leg. This is yet to happen.

In the meanwhile, Sensex has gone nowhere after having entered our “Bubble Territory” shown on the following chart of Nifty PE Ratio.

Read more at http://content.icicidirect.com/ULFiles/UploadFile_201741711241.asp

Elliott Wave Analysis and Trading Strategies of Nifty for 17 April 2017

Nifty opened flat at 9202 but declined sharply just after opening and traded with negative bias of rest of the day. Nifty decline by more than 50 points to register day’s low 9144 before closing 52 points down at 9150.

Friday, a bounce above 9273 was expected without breaking below 9131 and suggested to buy Nifty 9200 April call in 9200-9131 range with stoploss of 9130 expecting minimum target above 9273. Nifty traded in 9144-9200 range for whole day and closed at 9150.

Let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/elliott-wave-analysis-and-trading-strategies-of-nifty-for-17-april-2017/

Will India witness a shortage of quality investable companies in the future?

India is likely to witness shortage of quality investable companies in the future.

The seeds were sown few years back with the scrapping of press note, allowance of 100% FDI in most of the sectors, buy back by listed MNCs and regulatory arbitrage available to do buy back rather than paying dividend.

Moreover, in many cases Initial Public Offers are from companies that have been, private equity funded leaving less room for upside for secondary market players.

All these factors are compounding the valuation for high quality companies to stratospheric height, leaving less room for error, if forecasted earnings are not met.

Moreover, my observation is that in many areas, MNC with technological edge, global relationship, brand, superior business processes have an edge, emerging as leaders or have gained dominant markets share in respective field. 

Many such, not represented in the listed equity universe of India.

The classic example is the compressor industry, where the world technological leader is not listed anymore.

This sets us in dilemma of how to invest in an excellent business, which is not listed, or invest in a second rung, average business as proxy play.

Therefore, relative value trade, pitting one company against another without a deep dig, is not going to yield sustainable return.

Such scenario also reinforces, hold on to the good companies you have discovered rather attempting to find new gem.

-wrote Manish Bhandari,Vallum Capital

BANKNIFTY weekly charts

- trend is up on weekly charts
- RSI nearing prior topping out range
- support 21000

NIFTY weekly charts

- trend is up on weekly charts
- last week, NF formed 'shooting star'
- this has bearish implications
- this week, NF closed in negative on weekly charts
- but the extent of fall was too small
- next week, let us see if there is more selling
- expecting support around 9000

Know your parasites

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.6% in negative
- AD was flat - VIX down marginally
- option writing support 9000

How failure of stock brokers/banks in 1860s led to formation of Bombay Stock Exchange..(and history repeated with NSE 120 years later)

... By the decade of 1840-50, six such brokers were recognised by banks and merchants. These brokers also dealt in bullion along with stocks. The number was small but still good enough to serve limited needs at that time.



Chief amidst these brokers was Seth Premchand Roychand. He entered the list of brokers in 1849 but soom rose to become the most prominent name. He was known by various names such as Cotton king, Napoleon of Finance and so on, They conducted business under a banyan tree in Horniman Circle which still stands today ( I think have gone by that tree a couple of times without being aware of its history).

By 1855, brokers increased to 40. Now, there were multiple such trading posts under banyan trees located around Fort area.

The number of brokers jumped to more than 200 following American Civil War (1861-65). The civil war led to rise in demand for Indian cotton which made Bombay such a frenzied place. Along with rising demand for cotton, demand for raising money via equities also rose leading to rise in share trading. These brokers became a widely respected community well known to bankers and police alike.

Read more at https://mostlyeconomics.wordpress.com/2017/04/12/how-failure-of-stock-brokersbanks-in-1860s-led-to-formation-of-bombay-stock-exchange-and-history-repeated-with-nse-120-years-later

Swing trading signals :: 11-APR-2017

• 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
||||| ADANIPOWER	37.20	-15.50%	-2.50%	SELL	46.35	41	36
||||| AEGISCHEM	187.90	-2.00%	-7.50%	SELL	214.00	214	189
||||| ALEMBICLTD	41.90	6.00%	12.50%	BUY	35.55	40	36
||||| AMBUJACEM	248.90	1.50%	8.50%	BUY	226.95	238	223
||||| ANDHRABANK	60.10	2.00%	12.00%	BUY	54.10	59	53
||||| BAJAJCORP	422.60	2.50%	15.00%	BUY	363.00	397	360
||||| BATAINDIA	578.75	2.00%	13.50%	BUY	513.80	573	492
||||| BYKE	198.80	4.00%	17.00%	BUY	169.25	192	165
||||| CANBK	316.00	2.00%	11.00%	BUY	281.10	308	281
||||| CEATLTD	1462.50	5.50%	26.50%	BUY	1160.65	1343	1136
||||| CENTURYPLY	267.50	2.50%	7.00%	BUY	240.00	261	233
||||| CENTURYTEX	1091.10	2.00%	15.00%	BUY	955.00	1068	914
||||| CIPLA	580.05	-1.50%	-1.50%	SELL	605.90	606	582
||||| CONCOR	1155.10	2.00%	16.00%	BUY	974.00	1030	962
||||| COROMANDEL	336.60	2.50%	6.50%	BUY	306.45	335	310
||||| DCBBANK	181.05	5.50%	13.00%	BUY	158.25	173	152
||||| DHANBANK	38.70	4.50%	39.00%	BUY	26.00	32	26
||||| DHFL	392.80	2.00%	20.50%	BUY	330.00	372	320
||||| DLF	159.35	1.50%	12.00%	BUY	140.80	155	139
||||| ESCORTS	550.65	0.50%	8.00%	BUY	510.00	549	446
||||| EVEREADY	285.10	2.00%	23.50%	BUY	228.30	265	227
||||| EXIDEIND	233.00	2.50%	8.50%	BUY	212.30	226	209
||||| GET&D	350.25	1.50%	21.00%	BUY	287.50	342	278
||||| GMBREW	418.45	-3.50%	-11.50%	SELL	495.15	498	465
||||| HAVELLS	481.15	1.50%	14.00%	BUY	421.25	474	406
||||| HBLPOWER	49.95	6.00%	17.50%	BUY	41.05	45	41
||||| INDIACEM	168.75	3.00%	7.50%	BUY	153.00	172	153
||||| INGERRAND	862.95	5.50%	27.50%	BUY	668.00	778	668
||||| IOB	28.25	1.50%	6.50%	BUY	26.10	29	26
||||| JISLJALEQS	104.15	2.50%	16.00%	BUY	91.15	97	88
||||| JKTYRE	144.45	3.00%	23.50%	BUY	118.00	137	116
||||| KAJARIACER	647.00	3.50%	16.00%	BUY	545.55	594	546
||||| KARURVYSYA	121.20	3.50%	22.50%	BUY	96.50	113	96
||||| KAYA	851.45	5.00%	13.50%	BUY	710.00	819	710
||||| KCP	124.95	3.00%	20.50%	BUY	97.20	108	97
||||| KOPRAN	97.30	18.00%	37.50%	BUY	70.05	79	67
||||| KPRMILL	722.20	4.50%	12.00%	BUY	604.50	675	578
||||| KTKBANK	159.35	9.00%	16.50%	BUY	136.20	143	133
||||| MEP	68.50	5.50%	49.50%	BUY	45.70	55	44
||||| MGL	935.45	4.00%	9.50%	BUY	844.00	908	844
||||| MPHASIS	550.50	-1.00%	-3.50%	SELL	606.00	606	565
||||| MRF	62063.40	2.00%	18.50%	BUY	52100.00	61220	51087
||||| MRPL	113.15	2.00%	10.00%	BUY	98.80	111	99
||||| NCC	89.35	3.50%	13.00%	BUY	79.00	85	77
||||| NETWORK18	42.45	7.00%	21.50%	BUY	34.00	40	34
||||| OMKARCHEM	167.90	7.00%	8.00%	BUY	150.55	164	151
||||| PATELENG	93.45	5.00%	25.50%	BUY	73.85	84	74
||||| PEL	2038.85	3.50%	9.00%	BUY	1811.70	1948	1811
||||| PETRONET	421.85	2.00%	11.00%	BUY	380.00	415	377
||||| PFC	163.80	7.00%	25.00%	BUY	132.45	148	130
||||| PHILIPCARB	386.00	6.00%	37.00%	BUY	286.25	334	280
||||| PNB	158.25	3.50%	11.50%	BUY	135.35	154	135
||||| POKARNA	1331.05	8.50%	21.00%	BUY	985.60	1147	986
||||| POLYPLEX	454.45	5.50%	19.00%	BUY	384.25	422	371
||||| PTC	98.10	2.50%	14.00%	BUY	84.00	95	84
||||| QUESS	741.70	2.50%	11.00%	BUY	674.10	721	630
||||| RECLTD	206.35	12.50%	35.00%	BUY	154.95	185	151
||||| SADBHAV	334.10	5.00%	20.00%	BUY	278.05	329	270
||||| SAREGAMA	256.90	8.00%	24.00%	BUY	204.00	252	204
||||| SHAKTIPUMP	249.75	9.50%	49.50%	BUY	167.35	205	162
||||| SINTEX	112.45	2.50%	19.00%	BUY	95.55	107	93
||||| SOUTHBANK	22.50	3.00%	11.50%	BUY	19.75	22	20
||||| STRTECH	136.90	3.50%	10.50%	BUY	120.45	132	120
||||| SYNDIBANK	74.60	4.50%	13.00%	BUY	66.10	72	65
||||| TEAMLEASE	1053.75	1.50%	18.50%	BUY	879.30	993	853
||||| TRF	263.80	7.00%	35.00%	BUY	191.20	257	191
||||| TUBEINVEST	689.15	7.50%	14.00%	BUY	595.30	640	595
||||| VIJAYABANK	71.60	3.00%	12.50%	BUY	61.55	72	62
||||| WELENT	90.30	2.50%	33.00%	BUY	66.45	88	64