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.
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
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 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
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