- index has underperformed the nifty
September 30, 2020
NIFTY daily, monthly and quarterly charts
Daily charts:
- we see these everyday
- trend is down here
- today markets closed flat
- AD was 4:5
- NIFTY PE ratio is 33!
September 29, 2020
NIFTY EOD charts
- trend is down on daily charts
- today nifty closed flat at 11222
- AD was 4:5
- ATR(14) is 180
- min SL on any side would be min 360 points
September 28, 2020
How the rich become rich
Figure out how to generate enough cash flow to just service the debt (interest). Forget how big the principle is, it just doesn’t matter!
— Shivam Shankar Singh (@ShivamShankarS) September 28, 2020
People with car loans and house loans need to bother with paying off principle, businesses surprisingly don’t it seems.
NIFTY EOD charts
- trend is down on EOD charts
- today nifty opened gapup and closed 1.8% in positive at 11227
- AD was 3:1
- VIX dropped 5% to 19.6
- 10800 is now a significant swing low
September 25, 2020
NIFTY EOD charts
- trend is down on daily charts
- today nifty closed 2.2% in positive at 11050
- AD was 5:1
- yesterday all bulls got slaughtered
- today all bears got slaughtered
- VIX dropped 12% to 21
The government with a "difference" in books of accounts
The government with a "difference' in the books of accounthttps://t.co/ArsDfRMCct
— R. Balakrishnan (@BalakrishnanR) September 25, 2020
The game of low float
The game of low float. It is an old trick but some of the players have mastered this. Let's understand how it is played and what is the risk and lesson for us?
— Niteen S Dharmawat (@niteen_india) September 25, 2020
The game starts with identifying a good company with a low float. What is a good company and what is a low float?
1/n pic.twitter.com/uxXEsOmv6x
September 24, 2020
NIFTY EOD charts
- trend is down on daily charts (from today)
- nifty closed 3% in negative at 10805
- AD was 1:5
- VIX up 12%
- NIFTY PE ratio at 31... way too high for long term investors
- swing reversal level 11500-11800
- next support 10500-10000
Why successful students fail in life
“I believe that our society’s “mistakephobia” is crippling, a problem that begins in most elementary schools, where we learn to learn what we are taught rather than to form our own goals and to figure out how to achieve them. We are fed with facts and tested andthose who make the fewest mistakes are considered to be the smart ones, so we learn that it is embarrassing to not know and to make mistakes. Our education system spends virtually no time on how to learn from mistakes, yet this is critical to real learning. Asa result, school typically doesn’t prepare young people for real life unless their lives are spent following instructions and pleasing others. In my opinion, that’s why so many students who succeed in school fail in life”.
-Ray Dalio
September 23, 2020
NIFTY intraday charts
5 min:
- break of initial range was short trade
- cover as per trailing SL
- one could have shorted around 11230-11250 F as this was resistance
- missed long trade near 11000 F
- no signal but known that 11000 was a very good support
15 min:
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 11132
- AD was 1:2
- immediate support area is 11000-10800
- note nifty has spent 3 years around 11000
- so markets will be sideways for some time
- NIFTY PE ratio is at 32 and indicates limited upside
- unless EPS improves substantially (unlikely)
September 22, 2020
NIFTY intraday charts
- rangebound day
- first hour high low not crossed
- today's high low will be decision levels for tomorrow
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.6% in negative at 11154
- AD was 1:3
- VIX dropped 5%...now at 21
September 21, 2020
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 2.5% in negative at 11222
- AD was 1:5
- note trend will reverse on close below 11000
- however big red bars like today and 31-AUG hint that trend will reverse
September 18, 2020
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 11505
- AD was flat
- net move this month is 35 points over 14 trading days
September 17, 2020
S&P 500 charts
US markets open gap down but near support...
if support breaks, expect a deeper correction
if support breaks, expect a deeper correction
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.7% in negative at 11519
- AD was 1:2
September 16, 2020
September 15, 2020
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.7% in positive at 11522
- AD was 3:2
- in 42 days, nifty has moved from 11000 to 11521
- average move of 12 points per day
- this month, net move is almost zero points in 11 days
- NIFTY PE ratio is at 33
- swing low support 11000
Jio Financial Services?
For the uninitiated, the real jewel in Reliance crown is neither telecom, nor retail nor oil.
— Liberated Soul (@Liberated_Soul3) September 9, 2020
It's Jio Financial Services.
The impregnable moat which will be created with telecom & retail customers will make it the most valuable financial institution in years to come.
September 14, 2020
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.3% in negative at 11440
- AD was 2:1
- banknifty was very weak
- while small cap index was up 5%
September 12, 2020
September 11, 2020
NIFTY 30 min charts
- this month nifty opened around 11450 F
- and today, it is still around that level
- markets still rangebound
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed flat at 11464
- AD was 5:4
- so far there has been follow thru selling
- markets have gained almost 400 points from recent lows
- however strong resistance is seen around 11500
- support remains at 11000
- nifty PE at 32+
What connects beer, reptiles basking in the sun, a dangerous yeast infection, 98.4 Fahrenheit, an asteroid collision and finally, coconut toddy?
Read complete thread at https://threadreaderapp.com/thread/1304077632233861121.htmlThe answer is the thermometer. You see, it’s one thing to make small batches of beer in a monastery but a wholly different enterprise to brew hundreds of millions of bottles of beer that taste exactly same
— Krish Ashok (@krishashok) September 10, 2020
September 9, 2020
NIFTY options open interest distribution
- analysis is for monthly expiry
- highest OI is at 11000 PE followed by 10500 PE- reduction in put OI seen and increase in OTM calls OI seen
- puts below 10500 has increase in OI
-in calls, highest OI is at 11500 CE followed by 12000 CE
- no clear conclusion can be drawn
NIFTY EOD charts
- trend is up on daily charts
- today nifty closed 0.34 in negative at 11278
- AD was 1:2
- today nifty closed 0.34 in negative at 11278
- AD was 1:2
- despite gap down opening, markets managed a close near day's high
- RELIANCE closed 2.5% in positive ... a large move for an index heavyweight
- stock contributed approx 80 points move in nifty
September 8, 2020
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