Morgan Stanley's Chetan Ahya believes that growth is gathering further momentum in India.

After a long time, only buy signals

>>> Never risk more than 1% of your capital on any trade. <<<

Stock name	Close	% Ch	20 Day Swing Indicator					Last Month's		RSI
			Trend	Date	Price	Return %	Reversal	High	Low	5 D	14 D
||||| ALEMBICLTD	48.00	10.00%	BUY	21/09/17	43.10	11.37	39.00	44	38	82	71
||||| ALLCARGO	191.80	4.00%	BUY	19/12/17	191.80	0.00	167.00	185	164	90	75
||||| BHARAT FORGE	728.50	3.00%	BUY	19/12/17	728.50	0.00	672.00	750	684	81	65
||||| BIOCON	537.85	4.00%	BUY	18/09/17	356.90	50.70	405.00	441	357	80	77
||||| BPL	116.05	13.50%	BUY	28/11/17	79.90	45.24	66.00	84	63	88	81
||||| DELTA CORP	304.45	12.50%	BUY	15/06/17	166.85	82.47	241.00	291	242	90	73
||||| DEN	114.65	11.50%	BUY	23/08/17	90.70	26.41	89.00	104	83	75	68
||||| DIXON	3632.35	3.50%	BUY	17/11/17	2894.05	25.51	3011.00	3556	2650	75	69
||||| EVERESTIND	587.65	5.00%	BUY	06/10/17	390.80	50.37	466.00	580	444	87	73
||||| EXIDE INDUSTRIES	214.30	3.00%	BUY	19/12/17	214.30	0.00	200.00	215	195	89	69
||||| GSKCONS	6518.25	2.00%	BUY	01/11/17	5283.80	23.36	5955.00	6165	5110	94	88
||||| HINDUSTAN UNILEVER	1349.70	1.00%	BUY	10/11/17	1290.65	4.58	1241.00	1315	1226	86	71
||||| JAMNAAUTO	73.85	4.50%	BUY	20/09/17	54.59	35.28	59.15	67	58	83	69
||||| JET AIRWAYS	720.40	3.50%	BUY	30/10/17	569.15	26.57	626.00	728	573	71	62
||||| JINDAL STEEL	179.95	2.00%	BUY	14/09/17	147.55	21.96	157.00	179	156	83	66
||||| KEC	369.35	7.00%	BUY	24/11/17	325.25	13.56	301.00	335	288	80	70
||||| KRIDHANINF	117.70	17.00%	BUY	17/10/17	95.50	23.25	90.00	107	91	82	71
||||| MCDOWELL	3485.05	2.00%	BUY	26/10/17	2574.65	35.36	3171.00	3403	2971	75	67
||||| MIRCELECTR	59.45	9.50%	BUY	16/11/17	36.75	61.77	36.00	56	28	88	75
||||| MOTHERSON SUMI	392.45	3.50%	BUY	08/12/17	372.30	5.41	340.00	374	340	82	69
||||| NMDC	135.70	1.50%	BUY	26/10/17	127.25	6.64	124.00	134	122	79	66
||||| NRBBEARING	170.65	7.00%	BUY	10/10/17	128.05	33.27	136.00	159	136	92	77
||||| PIIND	986.40	1.00%	BUY	17/10/17	792.80	24.42	820.00	980	800	71	67
||||| PRAKASH	170.85	8.00%	BUY	09/10/17	122.10	39.93	130.00	152	127	85	71
||||| SETCO	62.85	14.00%	BUY	06/09/17	41.00	53.29	38.85	46	38	83	77
||||| SONATSOFTW	249.65	8.00%	BUY	23/10/17	161.90	54.20	214.00	245	180	80	70
||||| SRF	1926.75	2.00%	BUY	12/09/17	1594.90	20.81	1752.00	1910	1556	79	66
||||| TALBROAUTO	318.05	9.50%	BUY	22/11/17	241.90	31.48	220.00	308	195	84	74
||||| TALWALKARS	317.45	2.50%	BUY	01/12/17	283.10	12.13	256.00	284	253	89	77
||||| TATA GLOBAL	300.65	3.00%	BUY	16/08/17	193.85	55.09	267.00	292	221	76	69
||||| TITAN	868.35	3.00%	BUY	31/10/17	635.25	36.69	770.00	839	634	87	73
||||| TVS MOTOR	785.05	2.50%	BUY	30/08/17	610.55	28.58	708.00	748	680	84	73
||||| ULTRATECH CEMENTS	4360.50	1.00%	BUY	19/12/17	4360.50	0.00	4016.00	4491	4128	81	61
||||| VETO	246.35	8.50%	BUY	12/12/17	233.60	5.46	210.00	231	201	82	71
||||| WELENT	166.60	3.50%	BUY	15/12/17	163.05	2.18	137.00	168	142	75	65
||||| WOCKHARDT	788.75	4.00%	BUY	13/09/17	643.95	22.49	675.00	754	649	73	66

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.7% in positive at 10462
- AD was 3:1
- swing low support at 10000
- option writing support at 10000

Market outlook

Daily charts
- trend is up on daily charts
- today was a volatile day with a gap down opening
- support around 10000 was retested so this level becomes increasingly important
- close was 0.5% in positive at 10388
- AD was flat (why?)
- close was also outside and above falling channel

NIFTY support holds on 15 min futures charts

The Four Minute Mile Princple

Humans are social animals. 

As soon as you see someone else breaking through a previously inconceivable barrier, it suddenly becomes possible for you too.

Read more at https://en.wikipedia.org/wiki/Four-minute_mile

Elliott Wave Outlook of Nifty for Gujarat Election Result Day

Nifty opened huge gap up at 10345 and bounced further to register day’s high 10373 but failed to sustain at higher levels and declined back by more than 50 points to register day’s low 10319 and finally closed 81 points up at 10333.

Yesterday, overall outlook was bullish for 10329-10490 as upside target range and 10224 was breakeven point on downside. I suggested holding 10000 Dec Call bought in 10140-10150 range on Thursday using fresh stoploss of 10224 to book profit on Friday. Nifty bounced more than 120 points to register high 10373 and 10000 Dec call bounced from 260 to 424 (160 points) in 2 sessions and closed at 390, it is profit of about 150 point with risk of 20-25 points in 02 sessions. Now, let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/elliott-wave-outlook-of-nifty-for-gujarat-election-result-day/

Facebook bravely admits that it is a problem, and suggests we spend more time on Facebook

In the new post on the potential downside of social media, the authors, who are researchers at Facebook, begin by correctly saying that people are worried about the effect social media has on relationships and mental health. They then point to research that suggests scrolling through Facebook, and blindly hitting the “like” button, makes people feel like crap. “In general, when people spend a lot of time passively consuming information—reading but not interacting with people—they report feeling worse afterward,” they write.

The key phrase is “passively consuming.” The authors’ solution to this problem is not, as you might think, using Facebook less. It is using it more, and more actively. Instead of just liking things, and scrolling through our feeds, they suggest that we should be all-in. Send more messages, post more updates, leave more comments, click more reaction buttons.

Read more at https://qz.com/1158984/is-facebook-fb-bad-for-you-facebook-says-it-is-and-the-company-has-a-solution

Disclaimer: I stopped using Facebook ages ago...

NITFY weekly charts

- trend is up on weekly charts
- falling channel seen
- support 10000-9700

BANK NIFTY weekly charts

- trend is up
- support 23800
- weekly close below 24800 may hint at trend reversal

The search for the 9th planet

Planet Nine (or X) is a hypothetical large planet in the far outer Solar System, the gravitational effects of which would explain the improbable orbital configuration of a group of trans-Neptunian objects  that orbit mostly beyond the Kuiper belt.

Planet Nine is not discovered as yet. The prediction is based on detailed mathematical modeling and computer simulations, not direct observation.

Some basic properties we know:
- it is not visible to the naked eye
- but the effects on nearby objects are visible
- mass is 5 to 10 times of the earth
- highly elliptical orbit with a orbital period of 15000 to 20000 years

The existence of Planet Nine would help to explain why all eight major solar system planets are tilted by about 6 degrees, compared to the Sun's equator.

Planet Nine would also solve why our Solar System is considered unusual, in regards to the lack of planets with masses between that of Earth and that of Neptune, when compared to other planetary systems.

Read more at :
https://en.wikipedia.org/wiki/Planet_Nine
https://solarsystem.nasa.gov/planets/planetx
http://bgr.com/2017/10/16/planet-nine-evidence-nasa-solar-system/

NOTE: the actual discovery and then the confirmation will take years as everyone has to agree.

Elliott Wave Analysis of Nifty near Gujarat Election Result

Nifty opened bit higher at 10229 but declined sharply just after opening to register day’s low 10141. Later, Nifty found support in 10150-10140 range and bounced more than 130 points from low to register day’s high 10276 before closing 59 points up at 10252.

Yesterday, overall outlook was bullish without any major weakness and 10140-10150 was suggested as good support range because two important retracements and projections were conceding in this range.

Further I suggested buying 10000 Dec Call (in the money) in 10140-10150 range using stoploss of 10119 to hold till Friday. Nifty bounce by more than 130 points from 10140 and 10000 Dec call bounced from 260 to 351 (90 points) and closed at 341. Now, let’s have a fresh look at latest chart for further scenario.

Read more at http://sweeglu.com/elliott-wave-analysis-of-nifty-near-gujarat-election-result/

Market outlook

Daily charts:
- trend is up on daily charts
- today, NF opened gap up and closed 0.8% in positive at 10333
- a doji was formed indicating supply on top/ no new buying
- close was around the upper trendline
- there is no breakout as such so markets can move in either direction next week
- note in 2 months, nifty has not gained anything (has actually lost 2 points)
- option writing support 10000

Naysayers Will Be Surprised By India’s Growth: Porinju Veliyath

Those betting on the NSE Nifty index may clock 5-10 percent compounded annual growth rate, stock pickers may make 25-30 percent and smart stock pickers may make 40-50 percent in the next four to five years, Porinju said.

Read more at https://www.bloombergquint.com/markets/2017/12/14/naysayers-will-be-surprised-by-indias-growth-porinju-veliyath-says

Short on good news today?

- considering a contra trade
- with all entry rules and SL in place

- let's see

Expanding triangle on NIFTY 15 min futures charts

- today, NF took support from lower trendline and rallied
- breakout from upper trendline will be bullish
- else rangebound with a negative bias

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.6% in positive at 10252
- AD was negative
- let us if today's low this week  and next
- option writing support 10000
- breakout from upper trendline will be bullish

Get rid of the need to trade everyday

Think deeply... What if you cannot change your password?

These days, a password is required to access any web based service like banking, trading, demat, email etc. A password is also required for mobile services, debit card, credit card etc and so on.

In all these services, there is a facility to change the password - you can keep this simple or complicated - it is entirely upto you.

So misuse can be minimised and in some cases eliminated.

Except in Aadhaar based services... here the key password is your fingerprint which can never be changed should there be a compromise of your account. Further, the fingerprints change over a period of time so rejections will increase.

Further your Aadhaar fingerprint is publicly available and easily clonable. Just hold a glass for few seconds and you have left your identity on the glass. And hackers have proved that iris scan is easy to breach.

Watch any detective movie from the seventies and you can see how easily fingerprints are collected from the scene of a crime. You do not need the technology of today.

Of course, there is provision of OTP being sent to your mobile. But if bank accounts are being opened without the beneficiary being aware, then getting a new SIM is not a big deal at all.

NIFTY Futures hourly charts

- rangebound movement seen
- difficult to take positional trades
- support 10180 resistance 10360 F