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.
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
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.
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
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