Friday, August 30, 2019

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.

PositionBNF50% profitPaper ProfitCummBalance
BNF DatePriceTakenLossProfit/loss Position
240Thursday, August 08, 2019279502820030000120
Tuesday, August 13, 20192822533000630000
-240Tuesday, August 13, 201928190280002280085800-120
Wednesday, August 14, 201928060156001014000
240Wednesday, August 14, 20192810027955-34800666000
240Friday, August 16, 201928062282502256089160120
Monday, August 19, 201928330321601213200
240Wednesday, August 21, 20192811027898-50880704400
240Friday, August 23, 2019272102750034800105240120
Friday, August 23, 201926983-27240780000
240Monday, August 26, 2019273302760032400110400120
Monday, August 26, 2019282151062002166000
-240Wednesday, August 28, 2019279772778223400240000-120
Thursday, August 29, 201927750272402672400
240Friday, August 30, 201927505240

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

Thursday, August 29, 2019

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.


PositionBNF50% profitPaper ProfitCummBalance
BNF DatePriceTakenLossProfit/loss Position
240Thursday, August 08, 2019279502820030000120
Tuesday, August 13, 20192822533000630000
-240Tuesday, August 13, 201928190280002280085800-120
Wednesday, August 14, 201928060156001014000
240Wednesday, August 14, 20192810027955-34800666000
240Friday, August 16, 201928062282502256089160120
Monday, August 19, 201928330321601213200
240Wednesday, August 21, 20192811027898-50880704400
240Friday, August 23, 2019272102750034800105240120
Friday, August 23, 201926983-27240780000
240Monday, August 26, 2019273302760032400110400120
Monday, August 26, 2019282151062002166000
-240Wednesday, August 28, 2019279772778223400240000-120
Thursday, August 29, 201927750272402672400

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

Wednesday, August 28, 2019

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.


PositionBNF50% profitPaper ProfitCummBalance
BNF DatePriceTakenLossProfit/loss Position
240Thursday, August 08, 2019279502820030000120
Tuesday, August 13, 20192822533000630000
-240Tuesday, August 13, 201928190280002280085800-120
Wednesday, August 14, 201928060156001014000
240Wednesday, August 14, 20192810027955-34800666000
240Friday, August 16, 201928062282502256089160120
Monday, August 19, 201928330321601213200
240Wednesday, August 21, 20192811027898-50880704400
240Friday, August 23, 2019272102750034800105240120
Friday, August 23, 201926983-27240780000
240Monday, August 26, 2019273302760032400110400120
Monday, August 26, 2019282151062002166000
-240Wednesday, August 28, 2019279772778223400240000-120

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

Tuesday, August 27, 2019

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.


PositionBNF50% profitPaper ProfitCummBalance
BNF DatePriceTakenLossProfit/loss Position
240Thursday, August 08, 2019279502820030000120
Tuesday, August 13, 20192822533000630000
-240Tuesday, August 13, 201928190280002280085800-120
Wednesday, August 14, 201928060156001014000
240Wednesday, August 14, 20192810027955-34800666000
240Friday, August 16, 201928062282502256089160120
Monday, August 19, 201928330321601213200
240Wednesday, August 21, 20192811027898-50880704400
240Friday, August 23, 2019272102750034800105240120
Friday, August 23, 201926983-27240780000
240Monday, August 26, 2019273302760032400110400120
Monday, August 26, 2019282151062002166000

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

Monday, August 26, 2019

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.


PositionBNF50% profitPaper ProfitCummBalance
BNFDatePriceTakenLossProfit/lossPosition
240Thursday, August 08, 2019279502820030000120
Tuesday, August 13, 20192822533000630000
-240Tuesday, August 13, 201928190280002280085800-120
Wednesday, August 14, 201928060156001014000
240Wednesday, August 14, 20192810027955-34800666000
240Friday, August 16, 201928062282502256089160120
Monday, August 19, 201928330321601213200
240Wednesday, August 21, 20192811027898-50880704400
240Friday, August 23, 2019272102750034800105240120
Friday, August 23, 201926983-27240780000
240Monday, August 26, 2019273302760032400110400120

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