Analysis of Indian Stock Market for 26th August, 2019

Friday Aug, 23 markets opened down but intraday had a good rally led by Psu stocks as well as Reliance. We bought BNF intraday once a crucial resistance was breached and now we are carrying our longs of 240 BNF for Monday.

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				240

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  16% of stocks which are above support and 84% 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 23rd August, 2019

Thursday Aug, 22 was a bad fall in the market. Unfortunately we could not short but we did not take any buy position. We are out of the market at the moment. International markets were in uptrend and in counterrally mode but Indian markets have trapped all long term players. Let us wait for next signals to take position.

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

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  13% of stocks which are above support and 87% 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 4 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 22nd August, 2019

Wednseday Aug, 21 was a bad day. We expected market to go up after breaking a higher level of BNF but that turned out to be false so we had to buy 240 BNF and book loss at the fall. No support is coming to the market from anywhere. But the way stocks are going down, esp the psu and other cash stocks is too bad. Let us wait for next signals tomorrow that is Aug 22 to take trade.

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

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  16% of stocks which are above support and 84% 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 4 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. Till then keep enjoying the trades.

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 21st August, 2019

Tuesday 20th August, 2019 the markets opened weak, remained volatile intraday and closed in the negative. It seems our currency and our equity markets are among the weakest globally. We did not take any position intraday on 20th as were waiting for some key resistance levels to break.

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

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  18% of stocks which are above support and 82% 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 4 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. Till then keep enjoying the trades.

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 20th August, 2019

Monday 19th August, 2019 we quit our balance 120 BNF at 28330 as the market was not looking very good as their was no news coming for the market. But, we suppose that charts have a lot of things to say and that is what we try to decipher and make sense and take position accordingly. We decided not to go short in the market as the international markets are in a recovery mode hence we do not have any position outstanding as of now. We will take our next position tomorrow i.e. 20th August depending on the markets. (We have also decided to update this blog at near 4 pm of that trading day as this suggestion came from some people to update the blog after market so that they can visit here and see it that day. The delivery time of this blogpost is around 9 am next day which is the policy of blogger.com so the delay )

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

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 4 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. Till then keep enjoying the trades.

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