Jul 13, 2017

NITESH ESTATES LTD. Buy/Sell/Hold? Mid To Long Term View 13 JULY 2017 For Trading Positional Funda-Technical Analysis Recommendation

Recommendation: Strong Buy
View : Mid Term To Long Term
Strategy : ?
CMP : bse cash 9.25

First Target 20 Rs. then higher.

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Gold News India July Import Export 2017 First Half Sales

India gold imports in H1, 2017 greater than all of 2016.
 India imported 521 tonnes of gold in first half of 2017.
 H1 figure for gold imports $22.2 Bln versus $23 Bln in all ’16.
 Gold demand was up 15% year- on-year in the first quarter.
 June gold imports climbed to an estimated 75 tonnes from 22.7 tonnes a year ago.
 Annual total set to surpass 900 tons, strongest year since ’12.
 “I trust gold more than the currencies of countries” – 63% of Indians in Survey.
Posted on 8:35:00 AM | Categories: ,

56 Must Know One –Liners For Traders To Be Successful

56 Must Know One –Liners For Traders To Be Successful

  1. Think in terms of probable outcomes, not 100% accuracy. You will be 6 feet under before you achieve the latter.
  2. Fester over turning points that produce yield. A market turning point or inflection zone is worthless to most people unless it is followed by a price movement that pays off relative to your risk.
  3. Work in numbers, not aesthetics. Save the cute charts for the powerpoint team.
  4. Good value propositions are found in all markets. The best investors on planet earth have learned to identify significant value and take advantage when it is present.
  5. Wait until reality slaps you in the face prior to thinking you are the smartest person in the room.
  6. Until it’s proven, it’s just a hypothesis.
  7. No, you shouldn’t be taking that trade ahead of the data release.
  8. Analysts and economists risk nothing but their reputations.
  9. Beware of the people that always have a strong opinion. Unwavering systems of belief are far more susceptible to loss than those willing to accept alternative outcomes.
  10. What is plain-to-see rarely works in the real world.
  11. You are passing on all the good trades and taking all the bad ones because your strategy lacks a winning percentage in alignment with your expectations.
  12. Markets are primarily driven by the expectation or surprise of fundamental news and data. And governments.
  13. Conspiracy theorists get stopped out 99.99999999% of the time. Subjects of “The Big Short” entertain us because they are as rare as a total solar eclipse.
  14. Build your strategy by working backwards. This industry significantly lacks emphasis on exit strategies. A strong price magnet relives concerns about risk and pressures on pinpointing entries.
  15. Governments are oftentimes poor judges, giving passes to those big enough to pay a legal settlement. Do your homework and make sure your money is in good hands.
  16. The best trading strategy ideas are on websites that lack images of Ferraris, sailboats, beaches or mountains.
  17. If you’re afraid to use it, don’t. Your brain has already pronounced the outcome.
  18. People that instantly make you feel good usually aren’t the ones taking you to the next level.
  19. In all cases, people, thus prices, are drawn to heavy order flow like bees to a hive.
  20. When someone asks you, “what’s the trade logic”? You should be able to answer in under 30 seconds.
  21. Just because an entry looks good doesn’t mean everything that follows is going to be good, too. Trading for one or two ticks on a retail platform is the ultimate waste of time and money.
  22. Always work with the end in mind. The best portfolio managers fester over performance metrics first, because that’s all that matters in the end.
  23. If you stink at managing risk, you will always lose until you figure this out.
  24. Drawdown is another way of saying “you were wrong”. Focus on what’s right about the situation, not where you went wrong. Look at your valleys and and see what’s going on there, not your flawed points of entry.
  25. Avoid money-making buzzwords in the same way you would a psychopath who’s foaming at the mouth and running after you with a chainsaw.
  26. Commissions, spreads and fees should be treated like a chronic disease. Learn to live with them but don’t let them stop you from moving forward.
  27. Writing a trading plan in your early career is the equivalent of a toddler drawing a stick figure. Realize it will get better in time but by no means treat it as an end result.
  28. Trading plans should be renamed Risk plans. Because that’s all that matters in the end.
  29. Your strategy should consist of a parameters that produce a clean return distribution, with the peak being as long as possible, and the valleys keeping the strategy afloat during various trading environments.
  30. It doesn’t matter what you trade or how you trade it. If it works, it works.
  31. If you can’t get a favorable result with plain Jane parameters, odds are the exotic ones are going to blow up down the line. This is the epitome of over-optimization. Parameters need to fall with in a group with specific ones producing better outcomes than others, but all keeping the ship afloat.
  32. All instruments consist of different levels of liquidity. Liquidity drives more market versus limit orders being used. These have a direct effect on the types of price movements they exhibit. Treat them all differently, because they are.
  33. None of us are born dumb. Society makes us that way.
  34. Funnel your dopamine addiction to something that adds value, like actionable research. Clicking buy and sell buttons should not be your “rush”.
  35. Find a broker that sucks the least.
  36. Find a wealth manager for your passive portfolio that sucks the least.
  37. Find an attorney that sucks the least.
  38. Find a vacation spot that is excellent.
  39. Liquidity and slippage will always affect performance. If you’re going to trade it, trade it like you mean it. Hesitate, and these two will come back to haunt you.
  40. Frequently go through your performance metrics. If you’re short-term trading, do it every day.
  41. Don’t trade any concept that’s new to you for at least a month, up to a year, depending on its complexity and level of outcomes, contingent on volatility.
  42. Yes, you’re overthinking it.
  43. Trading environments effect the performance of all strategies. Over-optimized strategies are primed for one environment but not the next.
  44. People get drunk and look terrible when they do. Your strategy is no different. Treat it like a temple.
  45. High frequency for retail is hyper-mythology. Those claiming it are usually using some form of latency arbitrage or spoofing. #1 will get you banned by your brokers and #2 will get you thrown in jail.
  46. The most complaints come from people who have no solid reason to complain about anything.
  47. Brokers have the easiest jobs in the industry unless they’re getting sued.
  48. Even when everything looks perfect, there is still going to be an unseen flaw in the strategy. Don’t pretend to be surprised when it happens.
  49. Yes, you’re probably wasting your time on that idea.
  50. Exercise. Because blood flow is important.
  51. Trading is a skill that is learned, and needs to be done methodically. Those who swing for the fences usually end up throwing the bat at it instead.
  52. Trading is not war, a neurological battle, a sport or a reality TV show. Its a job.
  53. The blind lead the blind because people want to hang around others they feel comfortable with.
  54. You don’t need a PhD or have the ability to write a complex algo to work successfully. This may not be the case if you’re preparing for corporate war.
  55. Stop worrying about finding anomalies or the trading definition of an ego boost. Nobody in the real world cares unless you put the turkey on the table.
  56. Your gut is the best barometer for wise decision-making in all aspects of life. Performing regular gut checks, and following through on the result, is one of the best tools for success anyone can ever have.

10 Things To Know Before You Open The Markets Today 13 July 2017

The Nifty is likely to open higher on Thursday, tracking positive handover from Wall Street. The Nifty closed 30 points higher at 9,816 on Wednesday.
The index formed a small bullish candle and negated negative pattern of shooting star formed in the previous session.
The index moved in the trading range of the previous session, but the bulls managed to save the day for Nifty. Traders can retain their long positions with a stop loss below 9,700.

Despite moving in a narrow range of 37 points, Wednesday’s price action in Nifty should certainly give a sigh of relief to the bulls as there was no follow through to the weakness exhibited around 9800 levels.
Dow sets record-high close
The US stocks ended higher with Dow hitting a fresh record high close following Federal Reserve Chair Janet Yellen's congressional testimony to gradually raise interest rates, said a Reuters report.
Yellen's speech was a nod to Wall Street as the Fed signalled it will gradually tighten policy and gradually unwind its massive balance sheet, it said. Investors cheered Yellen's dovish tone, alleviating some concerns over the recent dip in inflation.
The Dow Jones Industrial Average rose 123.07 points, or 0.57 percent, to close at 21,532.14, a record high. The Dow also hit an intraday record. The S&P 500 gained 17.72 points, or 0.73 percent, to 2,443.25 and the Nasdaq Composite added 67.87 points, or 1.10 percent, to 6,261.17.
SGX Nifty
The Nifty futures on the Singapore Stock Exchange were trading 46 points higher at 9,882 indicating a positive opening for the domestic market.
TCS Q1 results:
Don’t expect any surprises from Tata Consultancy Services Ltd (TCS) which is scheduled to report its results for the quarter ended June 30 post market hours on Thursday.
According to an average of estimates of analysts polled by CNBC-TV18, profit is likely to fall by 6.2 percent sequentially to Rs6,195 crore and revenue may decline by 0.2 percent to Rs 29,580 crores compared with previous quarter.
Investors cheer dovish Fed
The US economy is healthy enough for the Fed to raise rates, but she also noted that given current estimates, the federal funds rate "would not have to rise all that much further" to reach a neutral level that neither encourages nor discourages economic activity, said a Reuters report.
The Fed still feels the economy needs loose, or accommodative, monetary policy, so a lower neutral rate means the Fed may feel compelled to slow the pace of rate hikes down the road, it said.
Dollar slips vs Yen
The dollar eased against the yen, after Federal Reserve Chair Janet Yellen said interest rates hikes would be gradual and that the U.S. central bank may not be able to raise rates by "all that much", said a Reuters report.
The dollar index, which tracks the greenback against six major rivals, was up 0.08 percent to 95.748, after falling to 95.511, its lowest since June 30.
Against the yen, the greenback was 0.64 percent lower at 113.19 yen following a decline in short-term US interest rates after Yellen's testimony.
Oil rises as US crude stocks drop
Oil futures rose as a report showing hefty drawdowns in U.S. crude inventories was offset by data pointing to lackluster gasoline demand, said a Reuters report.
U.S. crude inventories fell 7.6 million barrels last week, its biggest weekly plunge in 10 months, the U.S. Energy Information Administration (EIA) said.
Brent crude futures rose 22 cents, or 0.5 percent, to settle at $47.74 a barrel, while U.S. West Texas Intermediate (WTI) crude gained 45 cents, or 1 percent, to settle at $45.49.
Trump says son is 'innocent'
The US President Donald Trump on Wednesday defended his eldest son as "innocent" following emails that showed Donald Trump Jr. welcomed Russian help against his father's rival in the 2016 presidential election, said a Reuters report.
"He was open, transparent and innocent. This is the greatest Witch Hunt in political history. Sad!" Trump wrote on Twitter.
June retail inflation at record low
India’s retail inflation hit a record low of 1.54 percent in June, lowest since 1999, raising hopes of an interest rate cut, with the Finance Ministry obliquely nudging the central bank to reduce lending rates in the monetary policy next month.
Retail inflation, measured by Consumer Price Index (CPI) remained low in May touching 2.18 percent and 5.77 percent in June last year, owing to a sustained dip in food prices. Low inflation levels can indicate poor demand and weak economic activity.
India's factory output falls to 1.7% in May
India’s factory output witnessed a tepid growth of 1.7 percent in May from 3.1 percent in April, mainly due to subdued mining and manufacturing output.
Factory output measured by the index of industrial production (IIP) is the closest approximation for measuring economic activity in the country’s business landscape.
Rupee recovers 5 paise against dollar
The rupee on Wednesday recovered by 5 paise to close at 64.54 against the US currency on fresh dollar selling by banks and exporters.
A bearish greenback tone overseas largely aided the rupee recovery. The rupee had fallen by 6 paise on Tuesday. A spectacular bull-run in local stock markets along with robust capital flows further brightened the rupee sentiment, forex dealers said.
OPEC sees lower demand for its oil in 2018
World demand for OPEC's crude will decline next year as U.S. shale producers and other rivals pump more, OPEC said on Wednesday.
In the report, OPEC said its oil output rose by 393,000 bpd in June to 32.611 million BPD led by a rebound Nigeria and Libya - which are exempt from the supply cut, plus extra barrels from Saudi Arabia and Iraq.
4 stocks under ban period on NSE
Security in ban period for the next trade date under the F&O segment includes companies in which the security has crossed 95% of the market-wide position limit.
Securities which are banned for trading today include names like HDIL, Indiabulls Real Estate, Jaiprakash Associates, and JSW Energy.