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

Analysis of Indian Stock Market for 19th August, 2019

Wednesday Aug, 14 we booked our loss and had quit. Friday markets opened down but we waited for crucial resistance to break intraday before we started buying. We bought 240 BNF and quit 50% at our profit taking level and balance 50% i.e. 120 we are holding on for Monday 19th Aug. We hope all are understanding the way trades are taken and profit booked. If you have a system to trade and greed is not there, you can trade and earn.

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

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  25% of stocks which are above support and 75% 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 16th August, 2019

Wednesday was a tough day for markets. On one side was a big fall in US futures and other side was weekly clearing of Bank Nifty and Nifty. Market remained just sideways after opening higher. We quit our 120 shorts and went long in the market but had to quit all 240 longs before closing as market was not giving any clear breakout either side. It seems markets are getting tired waiting for some good news but instead only negative news keeps coming from International markets. Please find the summary of paper trades below.

	Position	BNF	50% profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	Loss	Profit/loss	Position
240	8/8/2019	27950	28200	30000		120
	13-Aug-19		28225	33000	63000	0
-240	13-Aug-19	28190	28000	22800	85800	-120
	14-Aug-19		28060	15600	101400	0
240	14-Aug-19	28100	27955	-34800	66600	0

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.

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  25% of stocks which are above support and 75% 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.

Indian Stock Markets are likely to again remain under pressure without some good news. Overall trends of daily charts for most of world markets are in downtrend. Let us see how our markets behave intraday after a day of close when other world markets were open.

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 14th August, 2019

Yesterday our markets followed the global markets and went down sharply. We quit our balance BNF longs and went short in the market. We also booked half our profits in the short position.  Below is the trading profit/loss sheet. People who are taking a one month trial are requested to check that their sheet matches with below trades. If any confusion, do email us.

	Position	BNF	50% Profit	Paper Profit	Cumm	Balance
BNF	Date	Price	Taken	or Loss	Profit/Loss	Position
240	8/8/2019	27950	28200	30000		120
	13-Aug-19		28225	33000	63000	0
-240	13-Aug-19	28190	28000	22800	85800	-120

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.

The broader trend of cash stocks is seen by the percentage number of stocks which are above important support levels. Currently there are  22% of stocks which are above support and 78% 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.

Indian Stock Markets should open higher due to higher closing of US markets and then depending on news flow, they are expected to move. As far as we are concerned, we only follow technical charts and take the intraday position accordingly.


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 13th August, 2019

On Friday, the Indian Stock Market opened strong as was expected and remained sideways waiting for some positive news. US and other markets are turning volatile on back of Hongkong and Argentina crisis so expect this volatility to continue for some time.

We got a call from a trial client asking about what will happen on Tuesday to BNF as Friday the US markets were down. A simple reply from our side is not to look at other markets or news and let the markets open again and then we decide next what to do with our long position. Target has been met and we are holding remaining longs positions with a trailing stop loss.

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. On Friday, we kept revising our intraday stoploss and since it was not hit, we are holding our balance half 120 BNF.

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). We are still holding our balance half position .

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.


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

Thanks.