Analysis of Indian Stock Market for 3rd September, 2019

Friday 30th August, 2019 was a day of patience. We did not have any position and waited to take our fresh longs as was mentioned in the earlier newsletter. We bought 240 BNF at 27505 at around 2:30 pm. Now let us wait for Tuesday as market is closed on Monday.

If you are on twitter you may start following @crnindia where we plan to give support to investors.

(This newsletter you can always find at the blog at 4 pm after market hours.)

The track record is in below table.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	Thursday, August 08, 2019	27950	28200	30000		120
	Tuesday, August 13, 2019		28225	33000	63000	0
-240	Tuesday, August 13, 2019	28190	28000	22800	85800	-120
	Wednesday, August 14, 2019		28060	15600	101400	0
240	Wednesday, August 14, 2019	28100	27955	-34800	66600	0
240	Friday, August 16, 2019	28062	28250	22560	89160	120
	Monday, August 19, 2019		28330	32160	121320	0
240	Wednesday, August 21, 2019	28110	27898	-50880	70440	0
240	Friday, August 23, 2019	27210	27500	34800	105240	120
	Friday, August 23, 2019		26983	-27240	78000	0
240	Monday, August 26, 2019	27330	27600	32400	110400	120
	Monday, August 26, 2019		28215	106200	216600	0
-240	Wednesday, August 28, 2019	27977	27782	23400	240000	-120
	Thursday, August 29, 2019		27750	27240	267240	0
240	Friday, August 30, 2019	27505				240

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  35% of stocks which are above support and 65% stocks are below support.  When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold  and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.


In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.

Thanks.
neera@crnindia.com

Analysis of Indian Stock Market for 30th August, 2019

Thursday 29th August, 2019 we had just 120 BNF short which we quit in the morning at 27750 and stayed away from the market. The monthly clearing is over. We wanted to buy BNF but as it did not breach its resistance on the higher side, we did not buy. Tomorrow Friday is new clearing when we will wait for an opportunity to take a buy position if intraday our level is breached on higher side. August clearing month profit is more than Rs. 2.6 lakh.

If you are on twitter you may start following @crnindia where we plan to give support to investors.

(This newsletter you can always find at the blog at 4 pm after market hours.)

The track record is in below table.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	Thursday, August 08, 2019	27950	28200	30000		120
	Tuesday, August 13, 2019		28225	33000	63000	0
-240	Tuesday, August 13, 2019	28190	28000	22800	85800	-120
	Wednesday, August 14, 2019		28060	15600	101400	0
240	Wednesday, August 14, 2019	28100	27955	-34800	66600	0
240	Friday, August 16, 2019	28062	28250	22560	89160	120
	Monday, August 19, 2019		28330	32160	121320	0
240	Wednesday, August 21, 2019	28110	27898	-50880	70440	0
240	Friday, August 23, 2019	27210	27500	34800	105240	120
	Friday, August 23, 2019		26983	-27240	78000	0
240	Monday, August 26, 2019	27330	27600	32400	110400	120
	Monday, August 26, 2019		28215	106200	216600	0
-240	Wednesday, August 28, 2019	27977	27782	23400	240000	-120
	Thursday, August 29, 2019		27750	27240	267240	0

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  29% of stocks which are above support and 71% stocks are below support.  When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold  and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.


In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.

Thanks.
neera@crnindia.com

Analysis of Indian Stock Market for 29th August, 2019

Wednesday 28th August, 2019 morning we had no position from yesterday. Today we found weakness in the market and went short in 240 BNF of Sept month in 29977.(just one day before the clearing we generally take position in next month future). We quit 50% of our position i.e. 120 BNF in 27782 and balance 120 BNF we are carrying short for tomorrow i.e  Thursday. We try to play conservative and take position when probability of winning is more though we can be wrong also. One thing you must have observed seeing these results is that movement of world markets and other news is all discounted in the technical charts provided one can read them correctly.

If you are on twitter you may start following @crnindia where we plan to give support to investors.

(This newsletter you can always find at the blog at 4 pm after market hours.)

The track record is in below table.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	Thursday, August 08, 2019	27950	28200	30000		120
	Tuesday, August 13, 2019		28225	33000	63000	0
-240	Tuesday, August 13, 2019	28190	28000	22800	85800	-120
	Wednesday, August 14, 2019		28060	15600	101400	0
240	Wednesday, August 14, 2019	28100	27955	-34800	66600	0
240	Friday, August 16, 2019	28062	28250	22560	89160	120
	Monday, August 19, 2019		28330	32160	121320	0
240	Wednesday, August 21, 2019	28110	27898	-50880	70440	0
240	Friday, August 23, 2019	27210	27500	34800	105240	120
	Friday, August 23, 2019		26983	-27240	78000	0
240	Monday, August 26, 2019	27330	27600	32400	110400	120
	Monday, August 26, 2019		28215	106200	216600	0
-240	Wednesday, August 28, 2019	27977	27782	23400	240000	-120

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  32% of stocks which are above support and 68% stocks are below support.  When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold  and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.


In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.

Thanks.
neera@crnindia.com

Analysis of Indian Stock Market for 28th August, 2019

Tuesday 27th August, 2019 we quit our balance 120 BNF in the morning as we expected a sideways market intraday after two days of rally. We quit our 120 BNF in 28215 and now we are out of the market. We will let the market consolidate in a sideways range for a day or two before we take our next position intraday. We are in a mark to market profit of Rs. two lakh plus assuming a margin of Rs. 10 lakh which is not bad. It is a return of around 20% on your capital. We try to play conservative and take those trades only where we find a better risk reward ratio.

The track record is in below table.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	Thursday, August 08, 2019	27950	28200	30000		120
	Tuesday, August 13, 2019		28225	33000	63000	0
-240	Tuesday, August 13, 2019	28190	28000	22800	85800	-120
	Wednesday, August 14, 2019		28060	15600	101400	0
240	Wednesday, August 14, 2019	28100	27955	-34800	66600	0
240	Friday, August 16, 2019	28062	28250	22560	89160	120
	Monday, August 19, 2019		28330	32160	121320	0
240	Wednesday, August 21, 2019	28110	27898	-50880	70440	0
240	Friday, August 23, 2019	27210	27500	34800	105240	120
	Friday, August 23, 2019		26983	-27240	78000	0
240	Monday, August 26, 2019	27330	27600	32400	110400	120
	Monday, August 26, 2019		28215	106200	216600	0

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  35% of stocks which are above support and 65% stocks are below support.  When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold  and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.

Let us see when good news comes for our markets.

In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.

Thanks.
neera@crnindia.com

Analysis of Indian Stock Market for 27th August, 2019

Monday 26th August, 2019 we booked profit in our 120 BNF at 27500 and balance 120 BNF we quit when markets suddenly started going down. After that when markets started recovering, we again bought 240 BNF and quit 120 BNF at 27600 and balance we are holding with our trailing stoploss.  August 19 month has been a very volatile month for traders but our system which is well defined and tested is going along well.

The track record is in below table.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	Thursday, August 08, 2019	27950	28200	30000		120
	Tuesday, August 13, 2019		28225	33000	63000	0
-240	Tuesday, August 13, 2019	28190	28000	22800	85800	-120
	Wednesday, August 14, 2019		28060	15600	101400	0
240	Wednesday, August 14, 2019	28100	27955	-34800	66600	0
240	Friday, August 16, 2019	28062	28250	22560	89160	120
	Monday, August 19, 2019		28330	32160	121320	0
240	Wednesday, August 21, 2019	28110	27898	-50880	70440	0
240	Friday, August 23, 2019	27210	27500	34800	105240	120
	Friday, August 23, 2019		26983	-27240	78000	0
240	Monday, August 26, 2019	27330	27600	32400	110400	120

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  26% of stocks which are above support and 74% stocks are below support.  When stocks above support are below 50% we consider cash stocks to be in downtrend and above 50% we consider cash stocks to be in uptrend. Just for your information the cash stocks percentage has been below 50% for majority of the time in last 5 months. This percentage when comes below 10%, we consider the markets as quite oversold  and when it is above 90% as quite overbought. Here we also have to see the broad trend of US markets.

Let us see when good news comes for our markets.

In case you wish to give some suggestion you may go to the blog and give your feedback there on the contact form.

Thanks.
neera@crnindia.com