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Politically Correct Vs Truth

Whether you will accept the reality or not but you should emphasise on being politically correct rather than blowing a trumpet of truth because you are living in a corporate era.#Truth# politically correct#

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STOCK OF THE WEEK

TORNTPOWER: Buy

Shares :555

RESISTANCE : 214.00

SUPPORT : 205.00

TECHNICAL OVERVIEW:- Stock for this week is TORNTPOWER. The trend of the stock is bullish, currently stock is trading with positive sentiments. It is closed above 50 DMA and 200 DMA crossover which is a bullish signal and depicts stock may continue its upside trend in the near term. One may place long position above its resistance level of 214.00 and expects targets of 223 and 230.00 in it. Technical stop loss for the stock is 205.00

F&O Recommendations:- Options-  BUY VOLTAS SEP 520 CALL OPTION IN THE RANGE OF 24.00 -24.20 WITH THE SL OF 21.10 AND TGT 27.10 (LOT SIZE-2000)

Futures - BUY APOLLOTYRE SEP FUT IN THE RANGE OF 259.00-259.50 WITH THE SL OF 255.95 & AND TGT 262.55 (LOT SIZE - 3000)

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Which is better in the money or out of the money call options ?

If I buy in the money call options, then more capital is required or if I buy out of the money call options than, less movement will be expected unless and until price should move above the strike price. According to me it should be decided on the basis of trading pattern, whether to buy in the money or out of the money call options.

1. If you are a positional trader then, out of the money call options are better choices for example, my point of view on TATAMOTORS for October is bullish , I am expecting it up to 462.But I am not comfortable with high risk and yes I don’t want to trade actively. So, I will take a buying position in TATAMOTORS OCT 460 CALL OPTION when it comes in the range of 2.00-2.25 with the SL of 0.20 TG 8.90. Right now TATAMOTORS OCT 460 CALL OPTION LTP is 3.85. I’ll wait for the range.

2. If  you are a Intraday trader then exclusively go for in the money call options with volume where the capital requirement will be high, but the reward is higher as compared to out of the money call options. You have to trade actively in it.

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Values leads you where?

Currently I am reading an autobiography of  our 11th president. I don’t think I should write a name of  a great person because he is well known even after his death. 

Some are known for their work or some are known for their values. He is known for both. Is it possible to fly without wings? What if FIRE is added? In the beginning he mentioned that he is satisfied with his childhood memories no matter what his parents gave to him.

Irrespective of odds his parents gave values which are better than any materialize objects. Only due to childhood values he was able to differentiate between wrong and right. I hope in the upcoming days I'll  read it completely and will learn new lessons from it.

Personally, I believe it is hard to maintain balance between work and values. Some how you have to make compromises at some extent. For Trading, values are utmost important. Traders trade for themselves, not for others and you can fool others, But you can't lie to yourself. Instead of giving gyaan to others just make your own profit and then speak out about the trade.

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Travelling Trading Mantra

Today in the office we were discussing on cashew trees, green almonds, fresh apples etc.From all these I recalled my Kashmir trip. Family trips are always awesome. During a trip you will find a new corner of every member. Initially my expectations were high from this trip as we were going on DHARTI KA SWARG. We were excited, after Pathankot our mobiles were become dabba as network vanished due to J&K security reasons. Journey from Jammu to Kashmir was very adventurous you will feel the combination of fear and excitement. The Sound of the Chenab and silence of deep ditches, curvy roads which will teach you one thing and it’s the best one “one mistake leads you towards the end”one question always arises in my mind why people like travelling? Or if they like than what they get from travelling?

Yes the answer is very simple travelling provide new experiences, new learning which will boost up their problem solving abilities in personal and professional life. During travelling you will learn adaptations.

Trading is a game of adaptation. Try to adapt trend as the trend is your friend. Investors and traders both are opposite, although their goals are same, but approaches are different.

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WHAT HAPPEN WHEN YOU CAN’T PREDICT RISK?

Yesterday I listened a story narrated by Neelesh Misra on Kahaani Express. Story plot was of my interest and I recalled a novel “Train to Pakistan” which I read during my school days. Reading novels were prohibited by my parents when I was child, but as I am stubborn I used to read it chori chori.One question arise in my mind, that what was their mistake who lost everything in 1947 India Pakistan division? And who gave the rights to politicians, leaders to take decisions on  behalf of citizens? Why they agreed with this decision? Or if they agreed, then why didn’t they concerned about security of humans irrespective of their religions? 

I know, I can’t judge this historical political event whether it was right or wrong, but on humanitarian ground I am damn sure that it was too bad, innocent humans severely suffered without any mistake. How can they executed  such a big emotional and political  event without any contingency plans?

There is a risk in every trade. Firstly you have to fix your risk that with this much risk I am comfortable. You can’t take the risk of entire capital in a single trade.

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Lesson from rainy day

Yesterday it was a rainy day. As usual after a hectic schedule when I came to home  at night I saw  small flying insects (may be Alates) gathered  around fluorescent lamp. Initially I don’t like them because they  irritate me a lot. As I am not having any work and an option, I just started observing them and what I learned from them is awesome. They know that the heat of lamp can kill them but smartly they moved near to lamp rotates around it, although they will sooner loose their wings, but it doesn’t leads them towards negative approach. They do what they like. What a marvelous courage they have. Same condition is with stock market if traders will not accept losses, then according to me they can’t survive. You have to be courageous enough to accept the result, no matter what it may be?

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Swachh Bharat Vs Swachh trade

Swachh Bharat Abhiyan is always a matter of curiosity. Those who collect garbage from home are the real ambassadors of the Abhiyan. It is always strange that educated people always need a garbage collector in their area while in the villages where we assume that people are less educated they don’t need any garbage collector. Why villages are more swachh than cities?

May be due to less population? or due to small area? While these are may be the factors. But I think perception of people in cities are different they just want to show others how swachh my home is, not the surroundings? Accidentally when I touch public dustbin while putting garbage in it, I used to wash my hands with Dettol to maintain the hygiene. That garbage collector after every 4-5 minutes used to touch that bin what about their hygiene? I mean, how can we so biased? Something which is not good for you will become good for others? I am not writing this to prove how biased we are. I agree that it is a general human tendency and we can’t say who is right or wrong. We have to respect each and every individual no matter what he is doing because you can’t do their work. They are doing their work proficiently without any complaint. Then, why traders complain about losses. It is a game of profit and loss. Every trade can’t give you profit, whereas it give you lesson which will be helpful in your trading carrier.

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MARKET WRAP UP - 13-9-17

Bull ride continues on the third day of the week in the first phase, while in the second phase bears were dominated and NIFTY closed  (10,079.30) in red 13.75 points down, 

SENSEX  ended the day  at 32,186.41 with the gain of 27.75 points. SUNPHARMA, TATAPOWER, RELIANCE, DRREDDY are the top gainers. While BPCL cascaded 6.45%, Most active securities (value) are DIVISLAB, RELIANCE, SUNPHARMA. Highest Open Interest in NIFTY is accumulated at the strike price of 10,200 &10, 100 Call option While on the  put option ground 9,900 and 10,000 strike price are having highest open interest. For the next day NIFTY is likely to rotate in between 9900-10200 according to OI analysis.  

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MARKET WRAP UP

Bull ride continue on the second day of the week, Today NIFTY closed at 10,093.05 up 87.00 points, SENSEX  ended the day  at 32,158.66 with the gain of 276.50 points.

BPCL, GAIL, TATAMOTORS, BANKBARODA, SUNPHARMA are the top gainers. While INDUSINDBK tanks 2.86%, Most active securities (value) are DIVISLAB, INFY, TATASTEEL. Highest Open Interest in NIFTY is accumulated at the strike price of 10200 &10100 Call options while on put option ground 9900 and 9800 strike price are having highest open interest. For the next day NIFTY is likely to rotate in between 9800-10200 according to OI analysis.  

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MARKET WRAP UP

After flat closing from consecutive 4 days, Today NIFTY closed at 10,006.05 up71.25 points, SENSEX  ended the day  at 31,882.16 with the gain of 194.64 points.

INDUSINDBK surged 5.50% and gain the crown of NSE top gainer. While IBULHSGFIN stepped down1.01%. Most active securities (value) are BHARATFIN, YESBANK, INFY, INDUSINDBK.

Highest Open Interest in NIFTY is accumulated at the strike price of 10000 &10200 Call options while on put option ground 9900 and 9800 strike price are having highest open interest. For the next day NIFTY is likely to rotate in between 9800-10200 according to OI  analysis.  

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Market is hanging between bears and bulls

Why the market is  closing range bound from the past 2-3 days. Is it market is waiting for  some news or events?

So, that it will confirm the trend whether bears will win or bulls will win. Let us wait and then make fresh positions in the market. Market trigger is in  the hand of Donald Trump and Kim John Un.

While On domestic ground investors will keep an eye on the CPI (YoY) August data which will be announced on 12 September 2017.

Now, wait for the next week and stay safe !!! Happy Trading...