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Gold and Silver charts: weak recovery after sharp falls

4 hours ago  
Business / Blogs/ Subhankar Blog  
Gold chart patternThe daily bar chart pattern of Gold bounced up from the lower Bollinger Band and crossed above its 50 day EMA, but faced strong resistance from the middle Bollinger Band (20 day SMA, marked by green dotted line).Gold's price is consolidating near the 1300 level, and managed to close well above its 200 day EMA in bull territory. Daily technical indicators are looking neutral to bearish. MACD is moving sideways below its signal line in bearish zone. RSI is facing resistance from its 50% level. Slow stochastic remains in bearish zone after recovering from oversold condition.After a sharp rise above 97.50 on Mar 7, the US Dollar index has dropped below 96.50. That helped gold's price to rally from its Mar 7 low of 1281.On longer term weekly chart (not shown), gold’s price closed above its three weekly EMAs in long-term bull territory for the 12th week in a row. Weekly technical indicators are showing downward to sideways momentum in bull..
                 

3 Forms of Alpha

an hour ago  
Business / Blogs/ Alpha Ideas  
                 

Sensex, Nifty charts (Mar 15, 2019): flood of FII money washes away all resistances

2 days ago  
Business / Blogs/ Subhankar Blog  
FIIs are on a buying spree. Their total net buying was worth a massive Rs 148.2 Billion during the week. DIIs were net sellers on all five trading days. Their total net selling was worth Rs 74.0 Billion, as per provisional figures.India's WPI based inflation rose to 2.93% in Feb '19 from 2.76% in Jan '19, due to rise in food prices. WPI based inflation was 2.74% in Feb '18.India's trade deficit narrowed to US $9.6 Billion in Feb '19 from US $14.73 Billion in Jan '19. Merchandise exports grew 2.44% YoY to US $26.67 Billion while imports were down 5.41% to US $36.26 Billion.BSE Sensex index chart patternThe daily bar chart pattern of Sensex broke out above the Fibonacci resistance zone (refer last week's post) on Mon. Mar 11, and continued to soar higher as a flood of FII inflow fuelled a sharp rally.The entire trading since the low of 33292 touched on Oct 26 '18 has formed a wide upward-sloping channel. The index faced resistance from the upper edge of the channel on..
                 

Chart: Commercial Rents Comparison

4 days ago  
Business / Blogs/ Alpha Ideas  
                 

Indian Courtroom Tales

5 days ago  
Business / Blogs/ Alpha Ideas  
                 

Nifty chart: a midweek technical update (Mar 13, 2019)

6 days ago  
Business / Blogs/ Subhankar Blog  
FIIs were on a buying spree on all three trading days this week. Their total net buying in equity was worth a massive Rs 90.1 Billion. DIIs were net sellers of equity on all three trading days. Their total net selling was worth Rs 44.5 Billion, as per provisional figures.The Index of Industrial Production (IIP) slowed to 1.7% in Jan '19 from 2.6% in Dec '18 due to deceleration in manufacturing, capital goods, consumer, non-durables and electricity sectors.  Retail (CPI) inflation rose to 2.57% in Feb '19 from 1.97% in Jan '19 due to higher food prices (except vegetables). Lower IIP and higher CPI may force RBI to cut interest rates in its Apr '19 policy meeting.The daily bar chart pattern of Nifty has shot up like a rocket - fuelled by renewed FII buying. Announcement of dates of general elections, and likely return of NDA for a second term (as per recent polls) has given a big boost to bullish sentiment.Note that the index has closed a..
                 

What Hyper Inflation Looks Like

6 days ago  
Business / Blogs/ Alpha Ideas  
                 

Fairfax on it’s investment in Catholic Syrian Bank

8 days ago  
Business / Blogs/ Alpha Ideas  
                 

Vijay Kedia Latest Portfolio 2019

8 days ago  
Business / Blogs/ Indian Hidden Gems Blog  
                 

Amitabh Bachchan Latest Stock Portfolio 2019

9 days ago  
Business / Blogs/ Indian Hidden Gems Blog  
                 

Sensex, Nifty charts (Mar 08, 2019): testing important resistance levels

9 days ago  
Business / Blogs/ Subhankar Blog  
FIIs were net buyers of equity on all four trading days. Their total net buying was worth Rs 41.2 Billion. DIIs were net buyers of equity on Tue. (Mar 5), but net sellers on the last three trading days. Their total net selling was worth Rs 16.9 Billion, as per provisional figures.Government's indirect tax revenues will be under pressure during FY 2018-19 as there could be a further fall in GST revenue. Direct tax numbers are likely to be around the revised target. The fiscal deficit figure of 3.4% will be met as there will be some savings on expenditure.Inflows into equity mutual funds (including ELSS) declined 17% in Feb '19 to Rs 51.2 Billion from Rs 61.6 Billion in Jan '19. The decline is almost 60% from Oct '18 inflow of Rs 126.2 Billion. However, SIP inflows have remained steady.BSE Sensex index chart patternThe following comments appeared in last week's post on the daily bar chart pattern of Sensex: "Sensex closed above its three EMAs in bull territo..
                 

Ashish Kacholia Latest Portfolio 2019

11 days ago  
Business / Blogs/ Indian Hidden Gems Blog  
                 

Lyft Off? The First Ride Sharing IPO!

11 days ago  
Business / Blogs/ Aswath Damodaran Blog  
                 

Bajaj Finance: Up,Up and Away

12 days ago  
Business / Blogs/ Alpha Ideas  
                 

Nifty chart: a midweek technical update (Mar 06, 2019)

13 days ago  
Business / Blogs/ Subhankar Blog  
FIIs were were net buyers of equity on the two trading days this week. Their total net buying was worth Rs 18.8 Billion. DIIs were net buyers of equity on Tue. (Mar 5), but net sellers today. Their total net selling was worth Rs 3 Billion, as per provisional figures.Nikkei India's Services Purchase Manger's Index (PMI) rose to 52.5 in Feb '19 from 52.2 in Jan '19. (A figure above 50 indicates growth.) The Composite PMI (Manufacturing + Services) rose to 53.8 in Feb '19 from 53.6 in Jan '19. According to data compiled by Centre for Monitoring Indian Economy (CMIE), the unemployment rate in India rose to 7.2% in Feb '19 from 5.9% in Feb '18. It was the highest unemployment rate since Sep '16.The daily bar chart pattern of Nifty shows that bulls came back re-energised after the long weekend. Bullish sentiments had already received a boost last Friday (Mar 1) when the shot-down Indian pilot was returned unharmed by our not-so-friendly neighbour.War hyster..
                 

Anil Bhai Ko Gussa Kyon Aaya

13 days ago  
Business / Blogs/ Alpha Ideas  
                 

Sensex, Nifty charts (Mar 01, 2019): bulls and bears locked in a stalemate

16 days ago  
Business / Blogs/ Subhankar Blog  
FIIs were net buyers of equity on all five trading days. Their total net buying was worth a huge Rs 76.4 Billion. DIIs were net buyers of equity on Wed. and Fri. (Feb 27 and Mar 1), but net sellers on the other three trading days. Their total net selling was worth an equally huge Rs 75.2 Billion, as per provisional figures.On Thu. Feb 28 (F&O expiry day), net selling by DIIs exceeded Rs 52 Billion, which turned them into net sellers (Rs 5.7 Billion) for the month. FII net buying during Feb '19 exceeded Rs 135 Billion, which was their highest net buying in a month since Mar '17. Despite heavy FII buying, Sensex (-1%) and Nifty (-0.3%) closed lower for the month.Nikkei India's Manufacturing Purchase Manager's Index (PMI) rose to a 14 month high of 54.3 in Feb '19 from 53.9 in Jan '19, due to increase in sales that fuelled growth of output and employment. (A figure above 50 indicates expansion.)Auto sales figures in Feb '19 were a mixed bag. Maruti (..
                 

Eicher Motors: Slowing Speed

18 days ago  
Business / Blogs/ Alpha Ideas  
                 

Ice Make : Buy One, Get One Free

19 days ago  
Business / Blogs/ Alpha Ideas  
                 

The Perils of Investing Idol Worship: The Kraft Heinz Lessons!

19 days ago  
Business / Blogs/ Aswath Damodaran Blog  
                 

Dalmia Bharat: 344 Cr Ka Fraud

20 days ago  
Business / Blogs/ Alpha Ideas  
                 

Does your Portfolio pass the Buffett test?

20 days ago  
Business / Blogs/ Alpha Ideas  
                 

Shameless Indian Promoters

22 days ago  
Business / Blogs/ Alpha Ideas  
                 

Pledge Watch

26 days ago  
Business / Blogs/ Alpha Ideas  
                 

Markets are a game of Snakes& Ladders

26 days ago  
Business / Blogs/ Alpha Ideas  
                 

Nifty chart: a midweek technical update (Feb 20, 2019)

27 days ago  
Business / Blogs/ Subhankar Blog  
FIIs were net sellers of equity on Mon. and Tue. (Feb 18 and 19), but net buyers today. Their total net selling was worth Rs 13.4 Billion. DIIs were net buyers of equity on all three trading days this week. Their total net buying was worth Rs 36.1 Billion, as per provisional figures.Foreign Direct Investment (FDI) in India contracted by 7% to US $33.49 Billion during the Apr-Dec '18 period, compared to US $35.94 Billion during Apr-Dec '17. The decline may put pressure on balance of payments and value of Rupee.The government has approved a Rs 482 Billion recapitalisation for 12 Public Sector Banks to strengthen their balance sheets and help them to better negotiate RBI's Prompt Corrective Action (PCA) framework.The following remark was made in last week's technical update on the daily bar chart pattern of Nifty: "Looks like Nifty may be headed below its 200 day EMA towards the lower Bollinger Band."Six straight days of lower closes - due mainly to FII ..
                 

Disclosures in privacy policies: Does 'notice and consent' work?

28 days ago  
Business / Blogs/ Ajay Shah Blog  
                 

Seen this Before

29 days ago  
Business / Blogs/ Alpha Ideas  
                 

BSE Small Cap Index down by 35%. Is it Time to be Greedy?

29 days ago  
Business / Blogs/ Saral Gyan Blog  
Dear Reader,Since Jan 2018, broader markets i.e. Small Cap and Mid Cap indices are in bear phase. Over last few weeks, we have seen small & mid cap stocks getting butchered with fall in stock prices on almost daily basis. At current scenario, when Small & Mid Cap Index is down by 35% and 24.7% respectively from their peak made in January last year and significantly underperformed Sensex & Nifty, no body want to touch this space. Most of the liquidity in small & mid caps has dried up and found its way to large caps over last 13 months. At this juncture, large caps looks fairly valued or expensive in terms of valuations, however small & mid cap companies look attractive and can reward long term investors in big way. In fact, some of the worst times to get into the market turned out to be the best times for long term investors and same seems to be applicable now for small & mid caps.Its always wise to be greedy when others are fearful. Fall..
                 

Ridham Desai Of Morgan Stanley Recommends 11 Top-Quality Mid-Cap Stocks

one month ago  
Business / Blogs/ RJ Fan Site  
                 

Weekly Reading: Some Interesting Stuff

one month ago  
Business / Blogs/ Abhishek Basumallick Blog  
A super interesting experiment of living modern life without Amazon, Google, Facebook, Microsoft and Apple. An eye opening account of how big tech has taken over our lives.https://gizmodo.com/i-cut-the-big-five-tech-giants-from-my-life-it-was-hel-1831304194An article on how to live a life of intellectual freedom and not be chained by borrowed ideas.Confusing models with reality is a cardinal sin of clear thinking. If you believe too strongly in your models of the world, you can start to ignore evidence that your model is wrong.https://medium.com/the-polymath-project/a-few-principles-for-thinking-clearly-d18a74a2ebe9I have a theory about why the notion of an arms race between human and machine intelligences is fundamentally ill-posed: the way to survive and thrive in an environment of AIs and robots is not to be smarter than them, but to be more mediocre than them. Mediocrity, understood this way, is an independent meta-trait, not a qualifier you put on some other tr..
                 

AAA NPAs

one month ago  
Business / Blogs/ Alpha Ideas  
                 

Nifty chart: a midweek technical update (Feb 13, 2019)

one month ago  
Business / Blogs/ Subhankar Blog  
FIIs were net sellers of equity on all three trading days this week. Their total net selling was worth Rs 12.7 Billion. DIIs, who were also net sellers of equity on Mon. and Tue. (Feb 11 and 12), were net buyers today. Their total net buying was worth Rs 3.6 Billion, as per provisional figures.India's CPI-based retail inflation eased to a 19 months low of 2.05% in Jan '19 from a revised 2.11% in Dec '18, and was much lower than 5.07% in Jan '18. Negative food inflation was the main reason for the low inflation number.IIP (factory output) showed a 2.4% growth in Dec '18 from 0.3% in Nov '18. IIP was 8.4% in Oct '18. For the Apr-Dec '18 period, IIP growth was 4.6% over Apr-Dec '17.The following remark was made in last week's technical update on the daily bar chart pattern of Nifty: "A convincing close above 11090 - which is the Fibonacci 61.8% retracement level of the 1756 points correction from the Aug '18 top of 11760 to the Oct '18 low of 10004 - will put bull..
                 

Mishtann Foods : Ridiculous Dividend

one month ago  
Business / Blogs/ Alpha Ideas  
                 

WTI and Brent Crude Oil charts: counter-trend rallies struggling to overcome resistance zones

one month ago  
Business / Blogs/ Subhankar Blog  
WTI Crude Oil chartThe daily bar chart pattern of WTI Crude Oil touched an intra-day high of 55.75 on Feb 4 - its highest level in nearly 3 months - but formed a 'reversal day' bar (higher high, lower close) that brought bears to the fore.Oil's price corrected below its converging 20 day and 50 day EMAs and closed below the 'Support/Resistance zone' (between 53 and 55) that is proving to be a tough hurdle for bulls.Daily technical indicators are looking bearish. MACD has crossed below its signal line after forming a 'rounding top' reversal pattern in bullish zone. RSI has slipped below its 50% level in neutral zone. Slow stochastic is falling below its 50% level.Some more correction or consolidation is likely.On longer term weekly chart (not shown), oil's price faced strong resistance from its falling 20 week EMA and dropped to close well below its three weekly EMAs in long-term bear territory. Weekly technical indicators are looking neutral to bearish. Br..
                 

S&P 500 and FTSE 100 charts (Feb 08, 2019): pullback rallies face strong resistances

one month ago  
Business / Blogs/ Subhankar Blog  
S&P 500 index chart patternThe daily bar chart pattern of S&P 500 crossed above the Fibonacci resistance zone between 2640 and 2710 (marked by grey rectangle - refer last week's post) on Mon. Feb 4, and continued its climb along the upper Bollinger Band the next day.Strong resistance from the 200 day SMA halted further progress of the rally. The index dropped back inside the resistance zone - closing flat for the week.As long as the index remains above its 20 day SMA (middle band - marked by green dotted line), bulls will endeavour to charge past the 200 day SMA.Daily technical indicators are correcting overbought conditions, but remain in bullsih zones. MACD and RSI are moving down after facing resistances from the edges of their respective overbought zones. Slow stochastic is about to drop from its overbought zone.  Some more correction or consolidation around current level is likely. On longer term weekly chart (not shown), the index closed abov..
                 

Kesoram Industries to Demerge its Tyre Unit

one month ago  
Business / Blogs/ M&A Critique  
Kesoram Industries (KIL), a flagship company of the B. K. Birla group, is as old as its current chairman. It started its business from Cotton Mills then Rayon and eventually into Tyres and cement. Currently  it is engaged in three distinct lines of business namely: Manufacturing & Distribution of cement through its “Birla Shakti” brandManufacturing & Distribution of Automotive tyre through its brand name “Birla Tyres”.Rayon Business through its wholly owned subsidiary, Cygnet Industries Limited. KIL’s cement business is located near the limestone deposits of Sedam and Basantnagar, having a total combined capacity of 7.25MTPA. Birla Tyres Limited (BTL), was incorporated in 2018, to takeover the tyre business. Earlier Transaction As a part of a debt restructuring exercise, the Company re-organised the Tyre Business during the Financial Year 2014 - 15. The company sold its one of the two tyre manufacturing facilities to JK Tyres. The manufacturing facility at Laksar, Distric..
                 

Time Is Ripe To Buy Beaten Down Mid Cap Stocks For Multibagger Gains: Sunil Singhania

one month ago  
Business / Blogs/ RJ Fan Site  
                 

Results are also Cyclical

one month ago  
Business / Blogs/ Alpha Ideas  
                 

Stocks on Radar–Bharti Infratel, Indian Oil , SAIL and Godfrey Philips. Technical Analysis Training Bangalore 16th-17th March

one month ago  
Business / Blogs/ Nooresh Technical View Blog  
                 

S&P 500 and FTSE 100 charts (Mar 15, 2019): trying to overcome resistance levels

yesterday  
Business / Blogs/ Subhankar Blog  
S&P 500 index chart patternThe daily bar chart pattern of S&P 500 shows that bulls are trying their best to break free from bear domination. The index bounced up after receiving support from its 50 day EMA, and made another attempt to climb above the resistance zone (between 2800 and 2825).After a brief setback on Thu. Mar 14, the index rose to touch an intra-day high of 2831 - its highest level in 5 months - but failed to sustain above the resistance zone. The index closed above its three EMAs in a bull market, gaining 2.9% on a weekly closing basis. Friday's volume spike may be a sign of a 'buying climax'.Daily technical indicators are looking bullish. MACD is ready to cross above its falling signal line in bullish zone. RSI is rising towards its overbought zone. Slow stochastic is inside its overbought zone. All three indicators are showing negative divergences by failing to touch new highs with the index. Some consolidation or correction may fo..
                 

Radhakishan Damani’s Latest Stock Pick Will Deliver Steady Returns & Delight Investors: Experts

2 days ago  
Business / Blogs/ RJ Fan Site  
                 

Weekly Reading - Some Interesting Stuff

3 days ago  
Business / Blogs/ Abhishek Basumallick Blog  
A wonderful article on Stéphane Breitwieser, who robbed nearly 200 museums, amassed a collection of treasures worth more than $1.4 billion.When it comes to stealing from museums, Stéphane Breitwieser is virtually peerless. He is one of the most prolific and successful art thieves who has ever lived. Done right, his technique—daytime, no violence, performed like a magic trick, sometimes with guards in the room—never involves a dash to a getaway car. https://www.gq.com/story/secrets-of-the-worlds-greatest-art-thiefA detailed look at how the shared economy is shaping the traditional business model and how the hotel business is adapting and changing to the new situation.http://knowledge.wharton.upenn.edu/article/short-term-rentals-the-transformation-in-real-estate-and-travel-set-to-check-in/Delivery robots can, over time, also become "goods-shifting" robots.If the arrival of automated delivery robots could lower the effort to sell or return goods to the minimal amount it now takes to ..
                 

As updated on 14th March, 11400 done Updated amidst Indo Pak news and others.

4 days ago  
Business / Blogs/ Arvind Bajaj Blog  
                 

Naren on PSUs

5 days ago  
Business / Blogs/ Alpha Ideas  
                 

Mega Trend: GCCs in India

5 days ago  
Business / Blogs/ Alpha Ideas  
                 

BSNL,MTNL Ka FML

6 days ago  
Business / Blogs/ Alpha Ideas  
                 

Hitting four birds with one Bullet: Bandhan Bank and Gruh Finance merge

6 days ago  
Business / Blogs/ M&A Critique  
A new entrant in the banking space, Bandhan Bank has acquired HDFC Ltd-promoted Gruh Finance in an all-share deal. On January 7, 2019, the board of directors of Bandhan Bank and Gruh Finance approved the merger subject to regulatory and shareholder approvals. The merger will reduce the promoter stake in Bandhan Bank to 61%, from 82.3% as a first step towards finally reducing to 40% as directed by Reserve Bank of India (RBI) based on norms for holding of promotors in private sector bank. The RBI’s new licensing guidelines stipulates that Bandhan Bank’s promoter will have to reduce stake from 82% to 40% within three years, to 20% within 10 years and to 15% within 12 years of commencing its business. Post-merger, HDFC Ltd will hold 15% stake in the merged entity. Gruh Finance was incorporated on July 21, as subsidiary of Housing Finance Development Finance Corporation (HDFC). Gruh Finance has reported strong financials. Gruh Finance has been growing well with 20% loan and profit CAGR over..
                 

WTI and Brent Crude Oil charts: consolidating below resistance levels

7 days ago  
Business / Blogs/ Subhankar Blog  
WTI Crude Oil chartNote the following comment from the previous post on the daily bar chart pattern of WTI Crude Oil: "Some consolidation is likely before oil's price can attempt to move higher."Resistance from the 58 level was tested intra-day on Mar 1, but oil's price formed a 'reversal day' bar (higher high, lower close) that triggered a sideways consolidation with a slight downward bias.The 50 day EMA provided support. Oil's price closed above its 20 day and 50 day EMAs, but below its 200 day EMA in bear territory. Output cuts led by OPEC and good demand may enable oil's price to move above its 200 day EMA into bull territory. Daily technical indicators are in bullish zones but not showing much upward momentum. MACD is moving sideways below its signal line in bullish zone. RSI is treading water above its 50% level. Slow stochastic has fallen from its overbought zone. Some more consolidation is possible.On longer term weekly chart (not shown),..
                 

Apna Time Aayega

8 days ago  
Business / Blogs/ Alpha Ideas  
                 

S&P 500 and FTSE 100 charts (Mar 08, 2019): pullback rallies stall at resistance levels

8 days ago  
Business / Blogs/ Subhankar Blog  
S&P 500 index chart patternThe following comment appeared in last week's post on the daily bar chart pattern of S&P 500: "...the index closed above its three weekly EMAs in a long-term bull market for the fifth week in a row, but has formed a long-legged doji candlestick pattern that can halt the rally."On Mon. Mar 4, the index touched an intra-day high of 2817, but formed a 'reversal day' bar by closing below the resistance zone (between 2800 and 2825). That was just the excuse bears needed to swing into action.The index corrected during the rest of the week, falling below its 20 day EMA but receiving support from its 50 day and 200 day EMAs. The 'golden cross' of the 50 day EMA above the 200 day EMA has not been a convincing one. The index lost 2.2% on a weekly closing basis.Daily technical indicators are looking bearish after correcting overbought conditions. MACD is falling below its signal line in bullish zone. RSI is seeking support from its 50% l..
                 

MSTC Ltd: Receivables Locha

8 days ago  
Business / Blogs/ Alpha Ideas  
                 

Radhakishan Damani Latest Portfolio 2019

8 days ago  
Business / Blogs/ Indian Hidden Gems Blog  
                 

Porinju Veliyath Latest Stock Portfolio 2019

9 days ago  
Business / Blogs/ Indian Hidden Gems Blog  
                 

Dolly Khanna’s Fav Stocks In List Of 16 Multibagger Mid-Cap Stocks Recommended By Ambit Capital

10 days ago  
Business / Blogs/ RJ Fan Site  
                 

Rakesh Jhunjhunwala Latest Portfolio 2019

10 days