Disclaimers: This is completely a Knowledge based and Doesn't Contain any "Buy/Sell Tips".Stocks mentioned in this article are not to be viewed as recommendations for buying or selling."They are experiments" and they can move in either-way.
Thursday, September 18, 2014
Tuesday, September 16, 2014
Draw candle stick on Excel
Here in this Video I have shown that it is possible to draw candle stick charts on Excel
How to Calculate Beta of a stock?
Here in this video I have shown how to calculate a beta of the stock using excel and log return.
Wednesday, September 10, 2014
Renuka Sugars: A view
Renuka Sugars
India is a handsome consumer of sugar nearly 23 million tons
annually. Recently WTO’s stand on export subsidy of raw sugar and Indian’s
stand on import of sugar had bought Indian sugar companies in demand.
"There was an import
parity but mills were not signing deals, expecting revision in the import duty.
At 25 percent duty, imports are not viable," said a Mumbai-based dealer
with a global trading firm.
As per times of India.
From last few days we are able to see upside movement and
the stock is near to the downtrend line. If there is a breakout the stock might
show the reversal and currently MACD have shown a positive crossover. And RSI
is showing bullish signs.
If the stock fail to give a positive breakout it have a
support at 14.58. currently the stock is near to its low.
Reliance Capital: A View
After, Modi coming
up with new banks license in India all the trader in the stock market are
having a keen interest on the stock which is getting the banking license. Among
which we have Reliance who is a big player and the chance of getting the permit
is very high.
Technical Perspective
The stock is
showing the divergence and we can see
a falling wedge pattern . On 9th
September 2014 the stock had given the positive breakout and the on 10th
September 2014 i.e today the stock had shown a Doji. And we can see the can
open with a positive note tomorrow. If not; the stock can end up falling to 500
which is the immediate support. And 577 and 670 are the good resistance. The stock
has a potential to make a new high.
Additional Observation
The stock is
showing negative correlation from last
6 months and we have to see that the patter will continue or the old pattern will repeat.
Sunday, June 22, 2014
Gold Rush is Back?
Iraq is now a hottest topic to be spoken in Financial Market. Every country now fear the oil risk which will affect the CAD and boost us inflation. It is always seen that when inflation rise, it also boost gold price as most of the investor think gold to be the safe heaven in a economic crisis thus having a positive correlation between crude oil price and gold price
Every nation is looking at the worst case senior of Iraq. As there is no help/aid form Uncle Sam nor any dominant countries interested to involve in the war, thus making Iraq indulge alone on its own. Britain is proactive rising interest rate suspecting the oil risk and inflation. For any country the worst case scenario can be a rise in underling crude oil price up-to 10-20%. And this can be seen for next 3-6 months.
Technical Analysis on Gold
Compared to silver, gold haven not shown any bullish indication as such; except an doji formed on last trading day. The previous pattern seen in gold was a descending triangle pattern and thus gave a indication that the gold rush so called is going to end. but the Iraq was gave a new twist and turn in the price pattern. As per now there is high chance that the gold can make a turn around and stay above 28K. Still 31K is a good resistance. This Iraq crisis will have a short term implication on crude as well as old. Few Indian Jewelry are in a bad condition and this rise in gold price will also affect them.
Fig1
Fig 2
Wednesday, June 18, 2014
Technical Analysis on Request:S&P CNX Nifty
It is been a
massive change in Market dynamics after a terrorist organisation i.e ISIS had captured cities of
Iraq. We have seen this implication on Capital, Forex and Commodity. There are few important things we have to understand regarding Iraq, that is the country is a dominant exporter of oil in OPEC countries and an 2nd largest exporter of oil
to the world and hold around 10% of world oil reserve.
Crux of the
issue
The recent terror
unrest caused in Iraq is directly implicating on world crude oil and that is
causing a domino effect on all stocks and commodities all over the world.
Apart this, we
have report saying ISIS are targeting major oil refineries and had hit the
countries one of the biggest oil refinery which supply countries quarter of the oil Demand.
All the above
points mentioned are systematic
risk and they are unavoidable and
cannot be controlled by a individual. If there is a continuous rise in
crude price, it will have a negative effect as the rise in CAD, falling rupee and high inflation are unhealthy for the Capital Markets/ Nifty.
Market Bullish
Triggers
Apart Monsoon and
Budget result are the most expected result which will trigger a rally.
Technical View:
We are clearly able to see that RSI had given a bearish signal and MACD had also given a Bearish crossover see fig 1. Yesterday was a bearish candlestick. Till now the direction is not clear and we still need conformation of today's market. If today is bullish then market we will see a small rally probably making a higher high. If today turns to be a bearish day then market will find a support as given in fig 2.
Fig 1
Fig 2
Labels:
Iraq,
Nifty,
Reversal,
Technical Analysis
Location:
Bangalore, Karnataka, India
Subscribe to:
Posts (Atom)