Daily charts:
- trend is up on daily charts
- today markets closed flat at 11748
- AD was 5:14
- broader market was weak
- trend is up on daily charts
- today markets closed flat at 11748
- AD was 5:14
- broader market was weak
April 30, 2019
April 27, 2019
April 26, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 1% in positive at 11755
- AD was 7:10
- trend is up on daily charts
- today nifty closed 1% in positive at 11755
- AD was 7:10
If you believe Google trends, this election is a runaway win for Modi
....Yes, all this while people were calculating and guessing about results of Hindi heartland states, Google knew. In its infinite wisdom, Google knew what was going to happen. The writing was on the wall.
As with the rest of the world, India is slowly waking up to the power of big data. Think about it. If you knew what every person in the country was thinking, you would know who is winning the election. And today that “every” person has a smartphone and access to the internet, Google knows what people are interested in.
Now let us see what Google trends says about the last 3 months (BJP vs Congress)
Read more at https://dynastycrooks.wordpress.com/2019/04/23/if-you-believe-google-trends-this-election-is-a-runaway-win-for-modi
Will be interesting to see what happens.... will it be a clean sweep for BJP as the charts indicate?
As with the rest of the world, India is slowly waking up to the power of big data. Think about it. If you knew what every person in the country was thinking, you would know who is winning the election. And today that “every” person has a smartphone and access to the internet, Google knows what people are interested in.
Now let us see what Google trends says about the last 3 months (BJP vs Congress)
Read more at https://dynastycrooks.wordpress.com/2019/04/23/if-you-believe-google-trends-this-election-is-a-runaway-win-for-modi
Will be interesting to see what happens.... will it be a clean sweep for BJP as the charts indicate?
BANKNIFTY bar by bar commentary for learning by @PAVLeader
#BANKNIFTY Future bar by bar commentary for today's move for learning purpose.— Price Action Trader (@PAVLeader) April 25, 2019
1/n
After a powerful reversal with massive volume & wide range bar yesterday #BNF closed above EMA21 & has made higher higher on 15M candles & didnt break the low of any previous candle. pic.twitter.com/2nB1ULWxdU
April 25, 2019
Advice from a professional option writer to newbies
Sharing some thoughts on beginners who start trading short options.— Prashant Mullick (@VohiCapital) April 25, 2019
Previously shared this on a closed WhatsApp group of friends.#optionstrading
(1/n)
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.7% in negative at 11642
- AD was 4:5 - not bad
- stiff resistance around 11800 levels
- small caps and mid caps witnessed lesser selling as compared to index
- surprised to see close below 11700
- trend is up on daily charts
- today nifty closed 0.7% in negative at 11642
- AD was 4:5 - not bad
- stiff resistance around 11800 levels
- small caps and mid caps witnessed lesser selling as compared to index
- surprised to see close below 11700
Infidelity and stock market crashes - role of information asymmetry
Original source: unknown
Once upon a time there was a village in which there lived many married couples. There were certain qualities about this village, though, that made this village unique.
Whenever a man had an affair with another man’s wife, every woman in the village got to know about the affair, except his own wife. This happened because the woman who he had slept with talked about their affair with all the other women in the village, except his wife. Moreover, no one ever told his wife about the affair.
Once upon a time there was a village in which there lived many married couples. There were certain qualities about this village, though, that made this village unique.
Whenever a man had an affair with another man’s wife, every woman in the village got to know about the affair, except his own wife. This happened because the woman who he had slept with talked about their affair with all the other women in the village, except his wife. Moreover, no one ever told his wife about the affair.
April 24, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 1.3% in positive at 11726
- AD was 5:4
- we have a nice swing low around 11500 levels
- trend is up on daily charts
- today markets closed 1.3% in positive at 11726
- AD was 5:4
- we have a nice swing low around 11500 levels
April 23, 2019
BANKNIFTY looking weak
- this index gave the first breakout
- now looking weak
- it has actually closed below its recent swing low
- and this was a faster move
- however I will consider trend reversal below 29000
- now looking weak
- it has actually closed below its recent swing low
- and this was a faster move
- however I will consider trend reversal below 29000
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.2% in negative at 11576
- AD was 7:11
- swing low 11500
- option writing support 11500 (minor) resistance 11700 (major)
- trend is up on daily charts
- today markets closed 0.2% in negative at 11576
- AD was 7:11
- swing low 11500
- option writing support 11500 (minor) resistance 11700 (major)
Will oil trigger the next recession?
Timestamp on "Oil Price increase".— V. Anand | வெ. ஆனந்த் (@iam_anandv) April 23, 2019
Whoever comes next to power better be ready for crisis handling on day one. https://t.co/kcGwnvp3j1
Government or state banks - who is to blame for India's slowdown?
India, the world's fastest growing large economy, is slowing:
There has been a visible deceleration in activity in the past six months. It started with slowing sales of autos and some durable goods and has spread from there.
Airline traffic growth is down; companies are now saying sales of consumer staples such as soaps and detergents have begun to weaken, too. Even as the hunt for reasons for the slowdown begins, the main culprit appears to be a familiar one: the still largely government-owned financial system.
The issue is that there isn’t enough money in the economy. For much of the past two years, distributors and retailers of consumer products have been warning of a growing lack of liquidity. At first, policymakers largely dismissed their concerns. The government's late 2016 decision to withdraw most currency from circulation temporarily, and the introduction the following year of a nationwide goods-and-services tax, made it hard to decipher signals on economic momentum.
Read more at https://www.business-standard.com/article/economy-policy/government-or-state-banks-who-is-to-blame-for-india-s-slowdown-119042200067_1.html
There has been a visible deceleration in activity in the past six months. It started with slowing sales of autos and some durable goods and has spread from there.
Airline traffic growth is down; companies are now saying sales of consumer staples such as soaps and detergents have begun to weaken, too. Even as the hunt for reasons for the slowdown begins, the main culprit appears to be a familiar one: the still largely government-owned financial system.
The issue is that there isn’t enough money in the economy. For much of the past two years, distributors and retailers of consumer products have been warning of a growing lack of liquidity. At first, policymakers largely dismissed their concerns. The government's late 2016 decision to withdraw most currency from circulation temporarily, and the introduction the following year of a nationwide goods-and-services tax, made it hard to decipher signals on economic momentum.
Read more at https://www.business-standard.com/article/economy-policy/government-or-state-banks-who-is-to-blame-for-india-s-slowdown-119042200067_1.html
April 22, 2019
NIFTY options max pain around 11700
Expiry around 11700? let's see
Source: http://opstra.definedge.com/openinterest
Read more at https://www.investopedia.com/terms/m/maxpain.asp
Source: http://opstra.definedge.com/openinterest
Read more at https://www.investopedia.com/terms/m/maxpain.asp
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 1.35% in negative at 11594
- AD was 1:3
- close below 11500 will confirm trend reversal
- Last week's dark cloud cover shows its magic today
- option writing support 11500 resistance 12000
- trend is up on daily charts
- today nifty closed 1.35% in negative at 11594
- AD was 1:3
- close below 11500 will confirm trend reversal
- Last week's dark cloud cover shows its magic today
- option writing support 11500 resistance 12000
Randomness rules
Comedian Zelensky with no political experience wins Ukraine presidency
It was an extraordinary outcome to a campaign that started as a joke but struck a chord with voters frustrated by poverty, corruption and a five-year war that has claimed some 13,000 lives.
Read more at https://www.dnaindia.com/world/report-comedian-zelensky-with-no-political-experience-wins-ukraine-presidency-2741953
April 21, 2019
What is not going to change in 10 years is more important than what is going to change
Jeff Bezos, CEO, Amazon
April 20, 2019
Hacking Democracy: How Stolen Aadhaar Data Of Nearly 10 Cr Voters Was Used To Delete People From Electoral Rolls
“They used it to do some profiling of voters. They were seeding it with Aadhaar linked information to profile voter data,” he said. “After that, you draw up a list, showing how likely a candidate is to vote for you. To do this, we think they were using an IVRS [automated voice calling — one of the many digital services political parties now rely on] to reach out to all the potential voters.”
“They would ask questions about whom you will support, and based on your rating, assign a score. They repeated this process to work out a list of people who weren’t supporting them, and then they filed Form 7 requests about these people, to have them removed. It’s a very complex scheme.”
Form 7 is an objection to a name being included in the voter list — it can be filed by anyone about anyone else. Once filed, the EC physically verifies whether the person has shifted, or is deceased, or is a duplicate, and if that is the case, removes the name.
But thousands of people in both states, as well as in the rest of the country, have been taking to social media to talk about how they’ve been robbed of their votes. In fact, cricketer Rahul Dravid, who was one of the people in the EC’s ads to exhort people to vote, found his name missing as well.
Read more at https://www.huffingtonpost.in/entry/hacking-democracy-stolen-aadhaar-voter-deletion_in_5cb9afa2e4b068d795cb870c
“They would ask questions about whom you will support, and based on your rating, assign a score. They repeated this process to work out a list of people who weren’t supporting them, and then they filed Form 7 requests about these people, to have them removed. It’s a very complex scheme.”
Form 7 is an objection to a name being included in the voter list — it can be filed by anyone about anyone else. Once filed, the EC physically verifies whether the person has shifted, or is deceased, or is a duplicate, and if that is the case, removes the name.
But thousands of people in both states, as well as in the rest of the country, have been taking to social media to talk about how they’ve been robbed of their votes. In fact, cricketer Rahul Dravid, who was one of the people in the EC’s ads to exhort people to vote, found his name missing as well.
Read more at https://www.huffingtonpost.in/entry/hacking-democracy-stolen-aadhaar-voter-deletion_in_5cb9afa2e4b068d795cb870c
People really do quit because of their bosses, or sometimes follow them
When Harish Banker quit his bank to join another financial services firm, six of his reporting team members also resigned from the company to join him.
This was a big blow to the firm which was already facing high rates of attrition. While the human resources team tried to retain the staff members by offering higher pay, none of them relented.
Their argument was that Banker was their mentor when they joined the team and they were only repaying the loyalty to the individual.
In HR parlance, a phrase that is often repeated is that people leave managers and not companies. While not everyone may agree, it is a fact that a company’s brand ambassador for a new joinee is often the manager s/he reports to.
You don’t need a boss like Miranda Priestly from The Devil Wears Prada to leave a job. They could, in fact, be an immense influencer in employee career decisions. So much so that employees quit en masse to follow their reporting manager. Especially if the employee has been hired by this person.
Read more at https://www.moneycontrol.com/news/business/economy/people-really-do-quit-because-of-their-bosses-or-sometimes-follow-them-3857731.html
This was a big blow to the firm which was already facing high rates of attrition. While the human resources team tried to retain the staff members by offering higher pay, none of them relented.
Their argument was that Banker was their mentor when they joined the team and they were only repaying the loyalty to the individual.
In HR parlance, a phrase that is often repeated is that people leave managers and not companies. While not everyone may agree, it is a fact that a company’s brand ambassador for a new joinee is often the manager s/he reports to.
You don’t need a boss like Miranda Priestly from The Devil Wears Prada to leave a job. They could, in fact, be an immense influencer in employee career decisions. So much so that employees quit en masse to follow their reporting manager. Especially if the employee has been hired by this person.
Read more at https://www.moneycontrol.com/news/business/economy/people-really-do-quit-because-of-their-bosses-or-sometimes-follow-them-3857731.html
April 19, 2019
NIFTY weekly charts
- trend is up on weekly charts
- this week, nifty closed 0.9% in positive
- small signs of selling visible at higher levels
- support 11000
- this week, nifty closed 0.9% in positive
- small signs of selling visible at higher levels
- support 11000
NIFTY and RELIANCE
Yesterday RELIANCE was up 3% while NIFTY closed 0.3% in negative.
What if Reliance closed flat? Then nifty would have closed another 60 points in the negative.
This is because Reliance has got almost 10% weight in the index.
Check this out at https://www.equitymaster.com/india-markets/nse-replica.asp
What if Reliance closed flat? Then nifty would have closed another 60 points in the negative.
This is because Reliance has got almost 10% weight in the index.
Check this out at https://www.equitymaster.com/india-markets/nse-replica.asp
April 18, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in negative at 11753
- pattern formed - dark cloud cover
- gap present below prev day's bar
- markets fine as long as this holds
- option writing support 11500 resistance 12000
- trend is up on daily charts
- today nifty closed 0.3% in negative at 11753
- pattern formed - dark cloud cover
- gap present below prev day's bar
- markets fine as long as this holds
- option writing support 11500 resistance 12000
They took the data from your servers ... stop pretending
They took the data from your servers. You have no clue of what people are doing with your servers. Stop pretending the opposite, you are ridiculous https://t.co/2Lp321wxvJ— Elliot Alderson (@fs0c131y) April 17, 2019
I am sure the statement "Biometric data remains safe and secure" will be proved wrong in another 2 days.— V. Anand | வெ. ஆனந்த் (@iam_anandv) April 17, 2019
Happy good friday to @drvikashshukla . https://t.co/M00FkrVofR
April 17, 2019
On quitting a job at 32
Question from Jaycobb
That was a pretty bold decision at a relatively young age of 32! If am allowed to ask
- Was it disillusionment with appraisal alone that made you take the decision to not work for someone or there were other motivations in play?
- Curious to know if you are able to sustain since then (20 years?) only with trading alone? That would be quite a successful jump into unknown if I may say!
Answer:
I was an MBA from a premier institute... after working for few years, I realised that my juniors and my seniors were all working just to impress their bosses who incidentally were also working for another boss. This never ended and was a chain.
That was a pretty bold decision at a relatively young age of 32! If am allowed to ask
- Was it disillusionment with appraisal alone that made you take the decision to not work for someone or there were other motivations in play?
- Curious to know if you are able to sustain since then (20 years?) only with trading alone? That would be quite a successful jump into unknown if I may say!
Answer:
I was an MBA from a premier institute... after working for few years, I realised that my juniors and my seniors were all working just to impress their bosses who incidentally were also working for another boss. This never ended and was a chain.
People rate their work experience in terms of responsibility, designation, perks, salary etc... but at the end of the day, you are still working for someone else. There is no difference between a VP and the office security guy... everyone is working for money and trying to keep their seniors happy, get a raise, a promotion perhaps.
April 16, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in positive at 11787
- AD was flat... why?
- nice swing low around 11500
- trend is up on daily charts
- today nifty closed 0.8% in positive at 11787
- AD was flat... why?
- nice swing low around 11500
Cloned fingerprints being used for Aadhaar authentication?
UIDAI is a on a roll, less than a week after admitting the theat to national security from Aadhaar CIDR being breached and uploaded into foreign servers...— @kingslyj (@kingslyj) April 16, 2019
UIDAI admits that criminals are using cloned fingerprints for unauthorised Aadhaar authentication.https://t.co/pfKiHIXbAv
The unthinkable happens.... though it was only a matter of time
The relevant screenshot:— V. Anand | வெ. ஆனந்த் (@iam_anandv) April 14, 2019
Like we have been saying for.a while, Aadhaar is a national security risk and even the @UIDAI admits that it is true, while denying it in the SC.
Game over!!
# pic.twitter.com/yArYmMtudU
The secret ballot is no longer a secret
Combined with Polling booth data, Data analytics and Panna Pramukhs, it is possible to get 90% accuracy on predicting on who voted for which party at Individual level and hence Secret Ballot isn't a secret.— V. Anand | வெ. ஆனந்த் (@iam_anandv) April 16, 2019
The first one to bring this in the public domain is @ShivamShankarS https://t.co/Mwdz9svnT6
April 15, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% in positive at 11690
- AD was 10:7
- option writing support 11500 resistance 12000
- trend is up on daily charts
- today nifty closed 0.4% in positive at 11690
- AD was 10:7
- option writing support 11500 resistance 12000
Game over? Can't believe it happened so soon
The relevant screenshot:— V. Anand | வெ. ஆனந்த் (@iam_anandv) April 14, 2019
Like we have been saying for.a while, Aadhaar is a national security risk and even the @UIDAI admits that it is true, while denying it in the SC.
Game over!!
# pic.twitter.com/yArYmMtudU
Thoughts On The FMP Fiasco / Mutual Funds Sahi Nahi Hai
My view - a mutual fund may have risks clearly defined in its investment strategy but there is this bigger risk of the fund manager not following the rules. As always, the manager does not lose the job, the fund earns the fees and investors lose.
.........
Anyone who has been following the coverage of the crisis in the media (mainstream and social), would have noted that much of the attention has been on Kotak MF, and on the so-called “safety” of FMPs. In this post, I’d like to move that spotlight a bit. The way I see it, firstly, the risks in investing in FMPs are, more or less, the same as they have been over the last several years. It’s just that many investors, advisors, and fund houses, have been in denial over the fact that portfolio concentration is a bigger risk than credit quality in itself. While I’ve talked at length about this previously, in this post, I want to talk about the questionable choices made by fund houses this time around, once this risk became a likely reality. Secondly, I feel that looking at the FMP fiasco from the lens of the decisions of HDFC MF (rather than Kotak MF) offers a better picture of what has happened. Investors in Kotak FMPs may have been the first to be visibly impacted, but it was HDFC MF that was the first to make the choices that brought us to where we are.
Read more at http://mfcritic.blogspot.com/2019/04/thoughts-on-fmp-fiasco.html
.........
Anyone who has been following the coverage of the crisis in the media (mainstream and social), would have noted that much of the attention has been on Kotak MF, and on the so-called “safety” of FMPs. In this post, I’d like to move that spotlight a bit. The way I see it, firstly, the risks in investing in FMPs are, more or less, the same as they have been over the last several years. It’s just that many investors, advisors, and fund houses, have been in denial over the fact that portfolio concentration is a bigger risk than credit quality in itself. While I’ve talked at length about this previously, in this post, I want to talk about the questionable choices made by fund houses this time around, once this risk became a likely reality. Secondly, I feel that looking at the FMP fiasco from the lens of the decisions of HDFC MF (rather than Kotak MF) offers a better picture of what has happened. Investors in Kotak FMPs may have been the first to be visibly impacted, but it was HDFC MF that was the first to make the choices that brought us to where we are.
Read more at http://mfcritic.blogspot.com/2019/04/thoughts-on-fmp-fiasco.html
April 14, 2019
April 12, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.4% in positive at 11643
- AD was 5:4
- option writing levels: 11000 - 11500 - 12000
- trend is up on daily charts
- today markets closed 0.4% in positive at 11643
- AD was 5:4
- option writing levels: 11000 - 11500 - 12000
Double Top Pattern – Backtest Rules & Results
The double top pattern is a chart formation consisting of two consecutive price peaks that leads to a bearish reversal.
For years, traders have claimed that the double top is a high probability short setup.
This is because a double top pattern signifies that bulls are having trouble pushing the price past the prior high.
However, there has been little statistical research done to prove whether or not this pattern has any predictive ability.
In this article, we come up with a definition for the double top, code it up and test the pattern on some historical data.
1. Define The Double Top Pattern
Before we go any further it’s important to think about what a double top actually is and how we can write it into code.
This always presents a problem with chart patterns because they only become clear after the pattern is completed.
For example, a double top pattern only looks like a double top after the stock hits a high then drops through the accompanying support area.
If the stock doesn’t drop fully, then it will look more like a wedge or a triangle pattern.
If the high doesn’t hold long enough then the double top pattern very quickly looks nothing like a double top at all and instead morphs into a typical breakout.
Because of this, it’s essential to come up with a mathematical formula to represent a double top.
Read more at https://jbmarwood.com/double-top-pattern/
For years, traders have claimed that the double top is a high probability short setup.
This is because a double top pattern signifies that bulls are having trouble pushing the price past the prior high.
However, there has been little statistical research done to prove whether or not this pattern has any predictive ability.
In this article, we come up with a definition for the double top, code it up and test the pattern on some historical data.
1. Define The Double Top Pattern
Before we go any further it’s important to think about what a double top actually is and how we can write it into code.
This always presents a problem with chart patterns because they only become clear after the pattern is completed.
For example, a double top pattern only looks like a double top after the stock hits a high then drops through the accompanying support area.
If the stock doesn’t drop fully, then it will look more like a wedge or a triangle pattern.
If the high doesn’t hold long enough then the double top pattern very quickly looks nothing like a double top at all and instead morphs into a typical breakout.
Because of this, it’s essential to come up with a mathematical formula to represent a double top.
Read more at https://jbmarwood.com/double-top-pattern/
April 11, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed flat at 11597
- AD was flat
- this will be 2nd week of rangebound movement in market
- option writing support 11000-11500 resistance 12000
- trend is up on daily charts
- today markets closed flat at 11597
- AD was flat
- this will be 2nd week of rangebound movement in market
- option writing support 11000-11500 resistance 12000
IBM's AI Knows When People Will Quit Their Job With 95% Accuracy
One reason I quit working at the age of 32 was the realisation that all performance appraisals are a complete sham. This does not matter whether you are working in a traditional company or a multinational etc etc.
Your rating (excellent, outstanding) all depends on whether your boss likes you or not. If he does not, then whatever work you have put in has no value.
To this, you can also add a generous dose of office politics!
Remember, people never quit companies ... they quit only because of bad managers.
.......
"We found manager surveys were not accurate," said Rometty. "Managers are subjective in ratings. We can infer and be more accurate from data."
Read more at https://www.zerohedge.com/news/2019-04-09/ibms-ai-knows-when-people-will-quit-their-job-95-accuracy
Your rating (excellent, outstanding) all depends on whether your boss likes you or not. If he does not, then whatever work you have put in has no value.
To this, you can also add a generous dose of office politics!
Remember, people never quit companies ... they quit only because of bad managers.
.......
"We found manager surveys were not accurate," said Rometty. "Managers are subjective in ratings. We can infer and be more accurate from data."
Read more at https://www.zerohedge.com/news/2019-04-09/ibms-ai-knows-when-people-will-quit-their-job-95-accuracy
Meet Katie Bouman, the woman who transformed our view of black holes forever
It's been a huge day for science. And an even bigger day for female scientists.
On Wednesday, we Earthlings got our first direct look at a black hole, thanks to the Event Horizon Telescope, an array of eight radio telescopes around the world working together to create the image. But in the midst of making jokes about how that photo kinda sorta looks the eye of Sauron and wondering how this newfound information could impact Albert Einstein's theories of gravity, social media focused on making sure one of the women behind the project gets credit for her contributions.
Katie Bouman, an MIT grad, helped develop a computer program while still in school. Along with others, it helped create the image of the black hole. She also led testing to verify the images.
Read more at https://www.cnet.com/news/meet-katie-bouman-the-woman-who-transformed-our-view-of-black-holes-forever/ and https://onezero.medium.com/scientists-release-the-first-image-of-a-massive-black-hole-a61913e55451
On Wednesday, we Earthlings got our first direct look at a black hole, thanks to the Event Horizon Telescope, an array of eight radio telescopes around the world working together to create the image. But in the midst of making jokes about how that photo kinda sorta looks the eye of Sauron and wondering how this newfound information could impact Albert Einstein's theories of gravity, social media focused on making sure one of the women behind the project gets credit for her contributions.
Katie Bouman, an MIT grad, helped develop a computer program while still in school. Along with others, it helped create the image of the black hole. She also led testing to verify the images.
Read more at https://www.cnet.com/news/meet-katie-bouman-the-woman-who-transformed-our-view-of-black-holes-forever/ and https://onezero.medium.com/scientists-release-the-first-image-of-a-massive-black-hole-a61913e55451
April 10, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.8% in negative at 11585
- AD was flat at 4:5
- past few days movement hints at time correction
- VIX at 21... very high... this makes options very expensive
- trend is up on daily charts
- today nifty closed 0.8% in negative at 11585
- AD was flat at 4:5
- past few days movement hints at time correction
- VIX at 21... very high... this makes options very expensive
While we were not looking, India won some battles
So how long does it take you to get a Wi-fi connection? How long does it take you to open a bank account? At least in the big metros, a Wi-fi connection happens within a day. Opening a bank account takes lesser time. The average time for these services in most developed countries is much longer. In most of Europe, for instance, it takes at least a month to get both these services. I have not heard of a faster initiation to completion time taken anywhere in the world than in India. Click on “buy" at 11pm and hear the door bell ring at 9am the next morning. That’s home delivery of stuff for you in big-city India. Want to return? Tap, tap, tap. They pick it up in the next few hours. Food delivery is transformed.
Read more at https://www.livemint.com/opinion/columns/opinion-while-we-were-not-looking-india-won-some-battles-1554796447382.html
Read more at https://www.livemint.com/opinion/columns/opinion-while-we-were-not-looking-india-won-some-battles-1554796447382.html
April 9, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.6% in positive at 11672
- AD was 4:5
- option writing support 11000-11500 resistance 12000
- trend is up on daily charts
- today nifty closed 0.6% in positive at 11672
- AD was 4:5
- option writing support 11000-11500 resistance 12000
Even If NAMO Wins, Markets Will Crash: Samir Arora
Traders should sell stocks now & come back later: Ridham Desai
April 8, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.5% in negative at 11604
- AD was negative at 7:10
- option writing support 11000 resistance 12000
- trend is up on daily charts
- today markets closed 0.5% in negative at 11604
- AD was negative at 7:10
- option writing support 11000 resistance 12000
April 7, 2019
NIFTY weekly charts
- trend is up
- this week nifty closed flat
- a doji was formed
- double top near 11800 levels
- option writing support 11000 resistance 12000
- this week nifty closed flat
- a doji was formed
- double top near 11800 levels
- option writing support 11000 resistance 12000
April 5, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in positive at 11666
- AD was 2:1
- option writing support 11000-11500, resistance 12000
- trend is up on daily charts
- today markets closed 0.6% in positive at 11666
- AD was 2:1
- option writing support 11000-11500, resistance 12000
April 4, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% negative at 11698
- AD was 7:10
- option writing support 11000 resistance 12000
- trend is up on daily charts
- today nifty closed 0.4% negative at 11698
- AD was 7:10
- option writing support 11000 resistance 12000
April 3, 2019
NIFTY double top sell?
- in OCT last year, nifty was a good double bottom buy at 10000 (weekly charts)
- just few weeks ago, it was double bottom buy around 10600 (daily charts)
- now that it is near 11800 (significant top), does it become a good double top sell?
- SL is very close so risk is least
- just few weeks ago, it was double bottom buy around 10600 (daily charts)
- now that it is near 11800 (significant top), does it become a good double top sell?
- SL is very close so risk is least
Market outlook
Daily charts:
- trend is up on daily charts
- today markets closed 0.6% in negative at 11644
- AD was 1:2
- last 3 days, lot of choppiness seen in this region
- stay cautious with longs till 11800 is taken out
- trend is up on daily charts
- today markets closed 0.6% in negative at 11644
- AD was 1:2
- last 3 days, lot of choppiness seen in this region
- stay cautious with longs till 11800 is taken out
April 2, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.4% positive at 11713
- AD was flat
- option writing support 11000 resistance 12000
- trend is up on daily charts
- today nifty closed 0.4% positive at 11713
- AD was flat
- option writing support 11000 resistance 12000
Sensex at 39,000? No, it’s actually 56,000
Even as the Sensex surged to historic highs on Monday and zoomed past the 39,000-mark, Ashish Chauhan of BSE points out that the index has actually grown to 56,000. Taking stock of the stock market barometer s journey, Ashish Cahuhan, CEO of BSE said that the Sensex base date is April 1,1979. On that day, it was set at 100. Today it completed 40 years and coincidentally reached 39,000, he tweeted. While the Sensex has scaled 39,000, if dividends are taken into account, on a total return basis, the Sensex would be at 56,000, he said. If we take dividends into account, on total return basis, it would be close to 56,000. Congratulations India for the stupendous growth! he added.
Putting this stellar growth into perspective, a Rs 1 lakh investment into the Sensex in 1979, would have grown to a massive Rs 5.6 crore in 2019. In effect, in 40 years, the
Read more at https://in.finance.yahoo.com/news/sensex-39-000-no-56-055101673.html
Putting this stellar growth into perspective, a Rs 1 lakh investment into the Sensex in 1979, would have grown to a massive Rs 5.6 crore in 2019. In effect, in 40 years, the
Read more at https://in.finance.yahoo.com/news/sensex-39-000-no-56-055101673.html
April 1, 2019
Market outlook
Daily charts:
- trend is up on daily charts
- today nifty closed 0.3% in positive at 11666
- AD was 2:1
- there was an intraday selloff of 100 points in last 30 minutes
- resulting pattern was a shooting star
- one day before we had a hanging man
- both these days, we had a gapup opening
- as we near all time highs, there will be lot of selling/ increase in volatility
- trend is up on daily charts
- today nifty closed 0.3% in positive at 11666
- AD was 2:1
- there was an intraday selloff of 100 points in last 30 minutes
- resulting pattern was a shooting star
- one day before we had a hanging man
- both these days, we had a gapup opening
- as we near all time highs, there will be lot of selling/ increase in volatility
Inspirational story: The actor who became a security guard
NOTE: the article title says "chowkidar"... I renamed this in blog post as nowadays every second person is becoming a chowkidar on paper (elections?)
Then
and recently
Read more at https://www.rediff.com/movies/report/the-actor-who-became-a-chowkidar/20190401.htm
Then
and recently
Read more at https://www.rediff.com/movies/report/the-actor-who-became-a-chowkidar/20190401.htm
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