NSE Update: 22 Feb 2016

In my last post dated 20 Jan 2016, I shared the weekly charts with you all. Today is the daily chart. 

Support: 6861
Resistance: 7242, 7419,7540,7640, 7725, 7935

Last one month had been very volatile. The indices are playing with the emotions, my for sure :) It continue to respect the support levels and resistance levels. I don't foresee markets reaching new highs in the near future but this is the best time to take a buying dip. If you are afraid of volatility be more afraid of falling debt returns and its impact on your long-term goals.

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE NIFTY Update: 20 Jan 2016

In my last post dated 17 Jan 2016, I shared the monthly charts with you all. Today is the weekly chart. The good news is we are having a free falls as indicated by the charts.

Support: 7242, 6861
Resistance: 7419,7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE NIFTY Update: 17 Jan 2016

In my last post dated 12 Jan 2016, I shared the weekly charts with you all. Today is the monthly chart. The bad news is we have broken the support levels on monthly charts. So, don't expect an immediate reversal or heavy upside movement in some time to come.

Time to start accumulating your favorite stocks via SIP's and lump sum purchases. The bad time brings the best bargains. If you don't have a 10 years investment view on stock market stick with small saving instruments.

Should we try to get in the game of predicting markets. I don't think so.

Support: 7419

Resistance: 7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose  only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE Nifty 12 Jan 2016 Update

This is the weekly chart of NSE Nifty

Although, the support levels given below belongs to daily chart. My weekly chart says its already a break down.

Can wait another week for trying to forecast the lower target levels.

The nifty broke the level of 7540 today and testing the water of 7500.

Support: 7419

Resistance: 7540,7640, 7725, 7935

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NSE NIFTY 11 JAN 2016 Update

This is the weekly chart of NSE Nifty

The nifty broke the level of 7725 already and testing the water of 7540.

Support: 7540, 7419

Resistance: 7640, 7725, 7935

Time to go short may be yes, may be no. I am not a trader, why the hell should I care :)

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

NIFTY Update 06 Jan 2016

Previous update dated 23 DEC 2015

No absolute change in my view.

The nifty broke the level of 7935 for a day or two but could not sustain 3 days of close above the levels and all of us know the result of that.

Same way it fell to 7721 yesterday but closed above 7725

Its a range bound trading these days better to trade using Butterfly strategy.

Support: 7725, 7540

Resistance: 7935, 8164

Note: The above is not a research report but information as available on public domain and it should not be treated as a research report. Any information discussed on the blog is for information purpose only. People are themselves responsible for any profit/loss arising on trading on such information.

Registration status with SEBI: I am not registered with SEBI under the (Research Analyst) regulations 2014 and as per clarifications provided by SEBI: “Any person who makes recommendation or offers an opinion concerning securities or public offers only through public media is not required to obtain registration as research analyst under RA Regulations”

Disclosure: It is safe to assume that I have the stock in my portfolio/trading position and hence my point of view will be biased. Readers should consult their financial advisory before any investments.

Warning: Stock trading is high risk activity and can lead to loss of up to 100% of invested capital.

Real Nifty returns over last 5 years and 10 years

One of my friend is a non believer of investments in equities. I asked him the reason, his reason:

In a portfolio of 10 stocks:

--2 move;

-- 4 go dead;

-- another 4 wont move.

So, net net no earning for a considerable period of time if any at all from the total investment.

I advised him to invest in Goldman Sachs Nifty Exchange Traded Scheme, this scheme replicates the NIFTY and has given annualised return of 9% since 2008(yes including crazy valuations of Jan 2008) and 11% since Jan 2004.

Assumptions:

1. Monthly investment of fix amount (same every month) in the NIFTY

2. Investments are made on 5th of every month or the nearest day, 5th being a holiday.

If anyone interested in the calculations, I will be more than happy to provide it.. do inbox me.

NSE NIFTY: Chart Update - 13 Feb 14

First disclaimer is all these lines are not prepared by me yesterday... they are here for some time now.. as per the trend line and Nifty trend it never closed below the levels of 5972.5 but yes it is giving respect to the resistance around 6100 levels which it tested on 12 Feb and another 7 trading days before... Lower levels needs to be decisively breached by closing below this level for 3 days in a row to confirm the trend (unfortunately it will be too late if the markets have to fall to take advantage of the position).

NIFTY Update: 30 Jan 14

Hope people are having good roller coaster ride in NIFTY. After the market failed to close above the red line on the top for 3 days its started its downward journey (yes a sharp one)... why did I book losses in the call I sold for 6200 bu hu hu hu keeping my unsuccessful trade aside... in last 5 days the NIFTY is not able to hold any support line.

Will it test the resistance or seek support below 6000 interesting to see.

Happy investing

Disclaimer: I don't hold any open position in NIFTY