Analysis of Indian Stock Market for 9th August, 2019

Yesterday the Indian Stock Markets had a very good rally which was as expected and mentioned by us. In fact we were eagerly waiting for this rally and good that our trial paper trading clients and others bought intraday Bank Nifty, Nifty etc. This was their first trade in Bank Nifty.

We will put a track record of Bank Nifty Paper trades here for a month for our trial clients and others to see the performance. For our track records we take positions in 240 BNF  and accordingly loss & profit is calculated.  We do profit booking in half our positions at the targets and balance half we hold till the trend remains

Bought 240 BNF at 27950. Half quit at 1st target of 28200. Profit 30000 and balance we are holding on. Whatsapp messages were sent accordingly. So traders who are taking paper trading trial can compare the above messages. (we are not adding brokerage for paper trading)

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently they are just 21% of stocks which are above support and 79% stocks are below support. So yesterday some cash stocks did quite well from deep oversold levels. 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.


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

Thanks.

Analysis of Indian Stock Market for 8th August, 2019

Yesterday the RBI policy rate cut which was more than expected i.e. 35 basis instead of 25 basis could not bring the markets up. Cash stocks did certainly bounce from lower levels but the frontline large cap stocks were missing in rally so the indices were lower.

US markets recovered from sharp losses yesterday. Overall sentiment remains negative but at lower levels one is seeing buying emerging across the world markets. Our markets today will face the weekly Nifty and Bank Nifty clearing which has most of the times remain quite volatile. At current levels we will wait for buying to emerge to take a fresh buying position intraday.

Level wise Nifty has been in downtrend since 8th July 2019 and we will consider it to come in buy only when it closes above a certain level. (the daily level of Nifty is sent with the message in the evening)

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently they are just 15% of stocks which are above support and 85% stocks are below support. So yesterday some cash stocks did quite well from deep oversold levels. 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.

Some of cash stocks look too good for buying for long term at these levels but one has to be quite careful in choosing quality else they will test your patience.

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

Thanks.

Analysis of Indian Stock Market for 7th August, 2019

Overall trend of world markets is down only but from sharp oversold levels, we are seeing some buying emerging at lower levels. Indian markets opened lower and as was mentioned yesterday they were quite oversold, a bounce came mainly led by cash stocks as they were the ones badly beaten up.

Today Indian Stock Market is likely to open flat and wait for the RBI Policy where analyst are expecting a 25 basis rate cut. Since markets are overall oversold, expect both side movement intraday with neither a big rally nor a big fall.

Level wise Nifty has been in downtrend since 8th July 2019 and we will consider it to come in buy only when it closes above a certain level. (the daily level of Nifty is sent with the message in the evening)

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently they are just 13% of stocks which are above support and 87% stocks are below support. So yesterday some cash stocks did quite well from deep oversold levels. 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 also.

We are explaining the above narration of Nifty trend and percentage for an easy understanding for our trial clients who have registered for a free trial of paper trading in Bank Nifty for a month as we will be sending this message daily in the evening to them on whatsapp.

Analysis of Indian Stock Market for 6th August, 2019

The falling markets worldwide had a negative effect on Indian Stock Markets yesterday which opened with a wide downward gap and closed in the negative. Overall the Indian markets have been falling since quite some time.

Today Indian Stock Market is likely to open again with a negative bias with a gap down but since the markets are quite oversold, a bounce relief rally can come on basis of some positive trigger but we will have to wait for intraday technical levels to confirm it.

To judge the long term trend of the market, we can either check  the technical level of Nifty/ Bank Nifty or see the number of cash stocks which are above or below important support levels.

Level wise Nifty has been in downtrend since 8th July 2019 and we will consider it to come in buy only when it closes above a certain level. (the daily level of Nifty is sent with the message in the evening)

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently they are just 9% of stocks which are above support and 91% 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 also.

We are explaining the above narration of Nifty trend and percentage for an easy understanding for our trial clients who have registered for a free trial of paper trading in Bank Nifty for a month as we will be sending this message daily in the evening to them on whatsapp.

Analysis of Indian Stock Market

Dear Investor/ Trader

Indian Stock Markets are undergoing a very tough phase particularly cash stocks. They have been in a continuous selling mode since May, 2018. The current price levels look very rosy for buying but one should buy only quality stocks.

The current scenario is one where markets have become more of trading markets with more and more people turning towards trading which is mainly in Index futures and Options.

So we would suggest to anyone looking at trading to look forward to trading in Bank Nifty Futures of Bank Nifty (BN). When BN comes in uptrend then buy 2 lots multiple of BN and when BN comes in sell, short 2 lots multiple of BN. The profit needs to be booked as per the message on whatsapp and trade accordingly. (we are recommending this to our paid clients where  more support is provided through whatsapp messages).

As a special case we are offering a one month free trial offer to traders who wish to do paper trading in BN to see whether this system suits them or not. This paper trading trial is for understanding  the messages as well as to see whether it suits them or not. Remember this is only for paper trading. Free trial users just need to note down the prices and profit or loss on paper.  

Traders who wish to take this trial may send their whatsapp number to neera@crnindia.com or whatsapp  to 9350812493. Also please mention your name and the city where you reside.

Thanks

Neera Jain