Stock watch: MARUTI

- trend is up
- support 7100
- stock is at all time highs

Stock watch: MARICO

- trend is up
- support 320-300
- stock is trading at lifetime highs

Stock watch: M&M

- trend is up
- support 1345
- all time high around 1500

Stock watch: LUPIN

- trend is down from 1600 levels
- no buy signal as of now
- buy signal will come on close above 1200

NIFTY Open Interest

Option writers do not expect 10000 to break this month... let's see.

BANKNIFTY monthly charts

- BNF gained 8% this month
- higher high higher low formation intact for 6 months
- no correction so far on monthly charts
- support 23000-17700

NIFTY monthly charts

- NF gained 6% this month
- higher high higher low formation intact for 6 months
- no correction so far on monthly charts
- support 7900

Market outlook

Daily charts
- trend is up on daily charts
- today NF closed 0.6% in positive and above 10000
- AD was flat while VIX rose by 7%
- support 9700

Neowave outlook of markets

Could not understand anything...

Read more at http://content.icicidirect.com/ULFiles/UploadFile_201773110182.asp

Hot stocks and charts

LAST updated: 28-JUL-2017 

Simple rules

• This information is for your study only and is not a recommendation to buy or sell.
• Consider trend as UP when a stock gives a breakout above last month's high
• To lock in gains, use a trailing SL (last month's low or last 2-3 weeks low)
• Expect half the trades to (statistically) fail so manage the risk management in every trade
• Limit risk per trade to maximum of 1% of your capital
• In case of narrow ranges, consider the bigger / previous trading range as breakout levels
• Pay attention to large bar breakout days or one day large reversal bars.

ADANIPORTS

Stock watch: LT

- stock is trending up
- good support formed around 1100 levels
- all time high is around 1250

Stock watch: LICHSGFIN

- stock has hit SL for long trade (buy was in March)
- this can be a whipsaw ... let's see
- holding above 762 can be bullish

Stock watch: KOTAKBANK

- stock is trending up
- support 936
- stock is near lifetime highs

Stock watch: JSWSTEEL

- trend is up
- recently stock broke out from range
- but nothing much has happened
- support 205-185
- stock is near all time highs

BANK NIFTY weekly charts

- trend is up
- support 23000
- deep support 20300

NIFTY weekly charts

- trend is up on weekly charts
- support 9700-9400
- deep support 9000
- no correction in rally from 7800 to 10000 levels

Market outlook

Daily charts
- trend is up on daily charts
- AD was flat
- support 9700
- swing low 9400

NIFTY 10 year CAGR is 10%

NIFTY @10000 does not mean anything... the CAGR is barely 10% only.

For a 20% CAGR, NIFTY should rally to 25000 in 5 years.

Warren Buffet: retail should invest in index funds

Remember my posts on investing in NIFTYBEES in all the previous years?

Nifty has Possibility to Decline Towards 9956-9859 in Coming Days – Elliott Wave Analysis

Nifty opened higher at 10063 and bounced further to register day’s high 10114 but failed to sustain at higher levels and declined back by more than 100 points from high to register day’s low 10005 before closing flat at 10020.

Yesterday, I mentioned that some sort of Impulse is about to completed may be around 10070-10111 range and a small or big correction is expected very soon after completion of this impulse. And suggested to book profit in all longs and wait for any reversal pattern to form to initiate next trade. Nifty achieved 10070-10111 range and declined back by more than 100 points after registering high 10114. Let’s have a fresh look at latest charts for further scenario.

Read more at http://sweeglu.com/nifty-has-possibility-to-decline-towards-9956-9859-in-coming-days-elliott-wave-analysis/

Stock watch: ITC

- trend is down
- recently stock tanked 12% and created a big gap
- support 260

Stock watch: IOC

- trend is down
- good support around 360-365
- below this, expect more declines
- sustaining above 400 is bullish

Stock watch : INFOSYS

- stock is rangebound for past few months
- some few signals which came all failed
- resistance 1010-1080
- support 900 (multi week low)

Stock watch: INFRATEL

- trend is up
- support 389
- SL 360
- strong resistance 440 levels

Market outlook

Daily charts
- trend is up on daily charts
- today, markets open positive but closed flat
- AD was 1:3 showing selling at higher levels
- support 9700
- swing low 9400

First short trade this month (intraday)

Swing trading signals :: 26-JUL-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	34.95	5.00%	23.50%	BUY	28.10	30	26
||||| AIAENG	1461.35	2.00%	7.50%	BUY	1342.60	1498	1322
||||| BAJFINANCE	1687.15	3.50%	22.50%	BUY	1352.50	1433	1314
||||| BASF	1543.25	-1.50%	-3.50%	SELL	1812.40	1812	1338
||||| BHUSANSTL	74.80	14.00%	13.00%	BUY	60.00	84	51
||||| CENTURYTEX	1184.45	2.00%	7.00%	BUY	1088.05	1148	1013
||||| DEEPAKFERT	355.30	12.50%	31.50%	BUY	266.50	284	247
||||| EDELWEISS	205.35	2.50%	8.50%	BUY	188.25	215	172
||||| EROSMEDIA	242.55	10.50%	12.50%	BUY	208.30	258	211
||||| GET&D	394.00	19.50%	16.50%	BUY	317.00	362	328
||||| GSFC	136.00	4.50%	15.50%	BUY	113.65	136	112
||||| GSPL	185.10	1.00%	6.50%	BUY	164.50	181	156
||||| GUJALKALI	412.95	4.50%	6.50%	BUY	378.00	427	383
||||| HINDCOPPER	70.15	6.00%	11.50%	BUY	63.50	67	62
||||| HONDAPOWER	1465.60	7.50%	9.50%	BUY	1315.00	1415	1321
||||| IBREALEST	224.30	2.00%	9.00%	BUY	194.35	218	163
||||| ICICIBANK	310.35	2.00%	6.50%	BUY	287.50	297	283
||||| IL&FSTRANS	92.55	-0.50%	-2.00%	SELL	103.75	105	93
||||| JINDALSTEL	151.70	8.00%	27.00%	BUY	119.80	129	116
||||| M&M	1413.50	1.50%	4.00%	BUY	1343.00	1459	1345
||||| MERCK	1291.85	6.00%	20.50%	BUY	1041.00	1125	1041
||||| MMTC	61.70	6.50%	9.00%	BUY	56.45	65	55
||||| MOIL	338.30	1.50%	5.50%	BUY	317.05	352	313
||||| NIFTYBEES	1028.62	0.00%	5.50%	BUY	968.20	994	968
||||| NOCIL	132.75	2.50%	17.50%	BUY	110.65	123	103
||||| PNBGILTS	54.80	3.00%	10.00%	BUY	48.60	53	47
||||| SIEMENS	1385.15	1.00%	7.00%	BUY	1290.00	1396	1277
||||| SKIPPER	237.65	4.00%	21.00%	BUY	195.10	210	189
||||| SOUTHBANK	30.50	3.00%	10.50%	BUY	27.20	30	27
||||| SPARC	360.55	9.00%	22.50%	BUY	293.00	315	292
||||| TATAINVEST	852.00	2.00%	19.50%	BUY	704.00	789	656
||||| TBZ	106.05	5.00%	24.50%	BUY	84.00	101	84
||||| THANGAMAYL	308.00	6.00%	29.50%	BUY	230.00	269	229
||||| UNIVCABLES	123.35	10.00%	33.50%	BUY	92.00	100	92
||||| VEDL	280.95	2.00%	15.50%	BUY	244.50	253	226
||||| VGUARD	189.30	4.50%	8.00%	BUY	171.00	194	171
||||| VSTIND	3190.65	-1.00%	-3.00%	SELL	3875.00	3650	3071
||||| WABCOINDIA	5321.20	-0.50%	-4.00%	SELL	5750.00	5875	5440
||||| YESBANK	1711.95	5.50%	18.00%	BUY	1425.00	1532	1402

Stock watch: INDUSINDBK

- trend is up
- stock at all time highs
- SL 1460

Stock watch: INDIGO

- trend is up
- support 1100
- SL for next month 1150

Stock watch: IDEA

- stock is in uptrend
- support 76
- strong resistance around 104-105 levels

Stockwatch: ICICIPRULI

- recent new listing
- stock has given buy signal at 340 and is a hold right now
- support 420... SL 380

Market outlook

Daily charts
- trend is up on daily charts
- today, NF closed 0.6% in positive
- AD was flat (why?)
- support 9700 (swing low 9400)

Stock watch: ICICIBANK

- trend is up
- support 280
- stock resistance 360 levels

Stock watch: IBULHSGFIN

- stock is bullish from 800 levels
- still a buy
- support 1030
- stock at all time highs

Stock watch: HINDZINC

- trend is up
- stock has recovered from last 10 month's lows
- resistance 300-330

Signals today

Market outlook

Daily charts
- trend is up on daily charts
- today, NF spot hit 10000 - a new high
- trading range was small and NF closed flat
- AD was negative - VIX down 2%

Warren Buffet: Big opportunities in life have to be seized

“Big opportunities in life have to be seized. We don’t do very many things, but when we get the chance to do something that’s right and big, we’ve got to do it. And even to do it in a small scale is just as big of a mistake almost as not doing it at all. I mean, you really got to grab them when they come. Because you’re not going to get 500 great opportunities.

You would be better off if… you got a punch card with 20 punches on it. And every financial decision you made you used up a punch. You’d get very rich, because you’d think through very hard each one. I mean if you went to a cocktail party and somebody talked about a company and they didn’t even understand what they did or couldn’t pronounce the name but they made some money last week in another one like it, you wouldn’t buy it if you only had 20 punches on that card.

There’s a temptation to dabble – particularly during bull markets – and in stocks it’s so easy. It’s easier now than ever because you can do it online. You know you just click it in and maybe it goes up a point and you get excited about that and you buy another one the next day and so on. You can’t make any money over time doing that.

But if you had a punch card with only 20 punches, and you weren’t going to get another one the rest of your life, you would think a long time before every investment decision– and you would make good ones and you’d make big ones. And you probably wouldn’t even use all 20 punches in your lifetime. But you wouldn’t need to.”

Nifty-50 PE Ratio and Investment Returns

NIFTY PE chart

NIFTY is expensive right now...



Source: https://craytheon.com/charts/nifty_pe_ratio_pb_value_dividend_yield_chart.php

Allocation matters in any portfolio

You can get even better results if you
- add more of winners
- cut losers fast
- and results will be even more dramatic.

Swing trading signals :: 24-JUL-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
||||| ADANIPORTS	388.45	1.50%	6.00%	BUY	359.50	378	338
||||| ADANITRANS	131.60	1.50%	10.50%	BUY	118.00	137	108
||||| ADFFOODS	240.70	-1.00%	-6.50%	SELL	270.90	316	242
||||| AJANTPHARM	1441.60	-1.50%	-4.50%	SELL	1574.85	1630	1506
||||| ALBK	75.65	4.50%	8.50%	BUY	65.80	74	66
||||| ANDHRABANK	58.60	3.00%	5.00%	BUY	52.40	61	52
||||| BANKBEES	2476.40	0.50%	4.00%	BUY	2329.50	2424	2330
||||| BANKINDIA	159.80	3.00%	19.00%	BUY	127.55	148	128
||||| BAYERCROP	4678.65	1.00%	1.00%	BUY	4570.00	5070	4500
||||| BEML	1649.95	3.50%	7.00%	BUY	1425.55	1570	1210
||||| CYIENT	544.25	2.00%	5.50%	BUY	503.15	552	481
||||| FEL	40.00	3.00%	23.00%	BUY	31.00	38	28
||||| GICHSGFIN	538.85	-3.00%	-5.00%	SELL	583.95	623	529
||||| GNFC	302.95	2.50%	11.00%	BUY	259.20	310	259
||||| HDFCBANK	1735.10	1.50%	3.00%	BUY	1643.00	1716	1621
||||| HINDOILEXP	78.85	4.00%	13.50%	BUY	67.25	76	67
||||| IBREALEST	215.90	0.50%	5.50%	BUY	194.35	218	163
||||| IBVENTURES	196.75	8.50%	6.50%	BUY	158.70	199	146
||||| JINDALSAW	96.95	3.00%	18.00%	BUY	81.00	92	72
||||| JPINFRATEC	23.40	4.50%	87.50%	BUY	14.25	20	10
||||| MANINFRA	70.15	7.00%	21.00%	BUY	56.40	64	56
||||| MCX	1165.55	3.00%	7.50%	BUY	1047.00	1135	990
||||| NIFTYBEES	1023.86	0.50%	4.00%	BUY	968.20	994	968
||||| NILAINFRA	20.50	4.00%	16.00%	BUY	16.65	18	17
||||| PERSISTENT	634.50	-3.50%	-3.50%	SELL	695.00	692	584
||||| PETRONET	202.55	-1.00%	-7.50%	SELL	223.45	227	212
||||| PGHH	8229.05	1.50%	2.00%	BUY	7944.80	8167	7460
||||| PIIND	751.65	-1.00%	-7.00%	SELL	845.00	857	801
||||| PNB	161.30	1.50%	12.00%	BUY	132.65	155	133
||||| SAREGAMA	414.60	13.00%	63.50%	BUY	250.20	294	215
||||| SOUTHBANK	29.35	2.00%	4.50%	BUY	27.00	30	27
||||| SUDARSCHEM	417.70	7.50%	13.00%	BUY	351.10	386	351
||||| SUVEN	168.10	-1.50%	-3.50%	SELL	177.45	193	171
||||| SYMPHONY	1421.40	4.50%	6.50%	BUY	1299.05	1398	1252
||||| TATACOMM	646.65	-1.00%	-10.50%	SELL	731.00	776	703
||||| TATAINVEST	831.15	4.00%	14.50%	BUY	704.00	789	656
||||| TCS	2530.70	1.50%	7.00%	BUY	2323.10	2709	2323
||||| TIRUMALCHM	1139.30	7.00%	37.00%	BUY	820.00	880	820
||||| TUBEINVEST	782.05	4.00%	17.50%	BUY	643.10	735	643
||||| TVSELECT	205.35	5.50%	9.00%	BUY	176.00	203	174
||||| TWL	124.75	3.50%	10.00%	BUY	114.15	122	112
||||| VADILALIND	915.90	2.50%	9.50%	BUY	779.20	880	779
||||| VISAKAIND	477.75	-1.50%	-6.00%	SELL	544.70	570	378
||||| WABAG	589.80	-3.00%	-16.00%	SELL	708.65	750	650