May 31, 2019

World's shortest extra marital affair caught on camera




Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.2% in negative at 11923
- AD was 1:2

- intraday swing was almost 200 points

- support 11800 resistance 12000

Bear Power / What just happened?

May 30, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.7% positive at 11946
- I think this is highest close
- AD was flat

Is Zoomcar an adequate replacement for car ownership?

........ When I first took the car, the associate happily informed me that the car was pristine. The app agreed. My eyes did not. The many blemishes were plainly visible, so I dutifully recorded them using the app. The app kept dissuading me with warnings that I would be penalised for using this feature if my interpretation of the blemishes differed from that of the invisible eye in the cloud, an ominous warning for the ugliness that was to follow.

I returned the car at the appointed hour and went to bed. When I woke up, I had an email from Zoomcar. Apparently they had issued me a refund and now I owed them ₹8000 more. This made no sense in my groggy state and continued failing to make sense as my brain resumed functioning. Exactly what sort of refund is it where in the pretext of putting money in your pocket someone takes out money instead? The word for it is theft. This seemed so obviously an error, I reported it to Vinayak immediately.

Could this be related to the scratch I reported? I checked the app and sure enough the booking now had two line items for “Vehicle Damage Fee” of ₹4000 each, with no further explanation.

Read more at https://medium.com/@jackerhack/is-zoomcar-an-adequate-replacement-for-car-ownership-430d46b6979a

You were warned ... this is as interesting as it can get

‘Don’t say we didn’t warn you’: A phrase from China signals the trade war could get even worse


KEY POINTS

“We advise the U.S. side not to underestimate the Chinese side’s ability to safeguard its development rights and interests. Don’t say we didn’t warn you!” the People’s Daily said in a commentary titled “United States, don’t underestimate China’s ability to strike back.”

The phrase “Don’t say we didn’t warn you” was only used two other times in history by the People’s Daily — in 1962 before China’s border war with India and ahead of the 1979 China-Vietnam War.

China threatened it would cut off rare earth minerals as a countermeasure in the escalated trade battle. The materials are crucial to the production of iPhones, electric vehicles and advanced precision weapons

Read more at https://www.cnbc.com/2019/05/29/dont-say-we-didnt-warn-you---a-phrase-from-china-signals-the-trade-war-could-get-even-worse.html

Atul Suri sees Nifty at 13600 in next 6-8 months




My notes: forget predictions... just follow the trend and keep trail the SL.

May 29, 2019

Hot stocks and charts

JUBILANT
JUBILANT chart
NAUKRI
NAUKRI chart
PFC
PFC chart

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed 0.6% in negative at 11861
- AD was 7:11

- trading range 11600-12000
- day trader's market

- back from vacation

May 28, 2019

Modi 2.0 could propel Sensex to 60,000 in 5 years, says BSE CEO Ashish Chauhan

After the Sensex created history to hit 40,000 following Narendra Modi-led BJP’s thumping victory in Lok Sabha elections, BSE CEO Ashish Chauhan noted that the 30-share index has given stellar returns in the last 40 years. “The Sensex has grown from just 100 to above 40,000 in a matter of 40 years, representing a return of 400 times, ” Ashish Chauhan told in an interview to ET Now. Last week on Thursday, the Sensex spurted more than 1,000 points to hit an all-time high of 40,124.96. However, later, the Sensex shed more than 1,313 points from the day’s high on Thursday, registering its biggest intra-day fall in over 11 years, to end in the red.

Noting the Sensex’s stellar rise in the last 4 decades, Ashish Chauhan said that if the dividend yield is also considered since the inception, the Sensex ‘s value stands at 60,000 today. “Investors could have made 570-600 times returns since 1979 if they had remained invested,” observed Chauhan. Trading does not get returns, but investment in an asset called India will reap returns, said Chauhan. So, where does he see the Sensex at the end of Modi 2.0?

Read more at https://www.financialexpress.com/market/modi-2-0-could-propel-sensex-to-60000-in-5-years-says-bse-ceo-ashish-chauhan/1590077/

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty closed flat at 11929
- AD was 5:4

- support 11400-11600 gap

- will resume intraday chart commentary from tomorrow

Look to minimise the risk in every trade


Unable to make money in options even though trend was identified correctly @SubhadipNandy




May 27, 2019

ICICI Pru is neutral on equities

Market outlook

Daily charts:
- trend is up on daily charts
- today markets closed 0.7% in positive at 11925
- AD was slightly below 3:1

 

May 26, 2019

BANK NIFTY technicals

- trend is up
- support - gap around 30000
- resistance 32000

NIFTY weekly charts

- trend is up
- selling seen around 12000 levels
- support 11000-11500

Google trends was right about BJP winning

May 24, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today market closed 1.6% in positive at 11844
- AD was 4:1

- VIX down 15%

- out of station till 28th MAY... not trading at all

May 23, 2019

Market outlook

Daily charts:
- trend is up on daily charts
- today nifty opened with a  big gapup and closed deep in the red
- however lose was above 11600
- close was at 11657 (0.7% negative)
- AD was flat

- VIX down 30%.. options at more sensible pricing

- now election tamasha is over
- BJP is in majority again for 5 years
- so no uncertainty on political front

- today's "official" result was the trigger for "sell on good news"



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