Stock Market Discussion

[Cartel Boss]

If anyone here specializes in India investment, please text me.

 

[Madooxno7]

All major Indices will go down even further. There is no hope in sight even with a promise of stimulus packages.

 

[indiatester]

Please watch

HINDZINC Price: 165.95 ema20: 153.30 ema50: 166.63 ema100: 182.72 rsi: 72.67 pgo: -2.55 macd: -2.27 mfi: 75.93 dmip: 34.33 dmin: 9.33 adx: 42.34 atr: 12.13 adxr: 46.28 percentile 60

and

AJANTPHARM Price: 1367.50 ema20: 1289.10 ema50: 1264.33 ema100: 1197.43 rsi: 57.63 pgo: 2.47 macd: 6.71 mfi: 70.05 dmip: 30.47 dmin: 19.98 adx: 35.33 atr: 116.40 adxr: 33.23 percentile 97


BIOCON Price: 327.40 ema20: 287.42 ema50: 287.85 ema100: 283.71 rsi: 71.74 pgo: 2.55 macd: 3.17 mfi: 76.38 dmip: 34.67 dmin: 11.89 adx: 45.11 atr: 20.45 adxr: 33.91 percentile 92

CADILAHC Price: 349.85 ema20: 275.79 ema50: 268.23 ema100: 263.36 rsi: 72.35 pgo: 5.69 macd: 10.40 mfi: 84.44 dmip: 43.79 dmin: 12.66 adx: 24.60 atr: 25.81 adxr: 30.97 percentile 96

DIVISLAB Price: 2168.95 ema20: 1981.78 ema50: 1985.76 ema100: 1929.88 rsi: 62.49 pgo: 2.40 macd: -8.63 mfi: 55.74 dmip: 23.10 dmin: 22.64 adx: 55.51 atr: 160.44 adxr: 45.17 percentile 93

DRREDDY Price: 3683.00 ema20: 3098.81 ema50: 3047.00 ema100: 2987.26 rsi: 78.37 pgo: 5.12 macd: 95.71 mfi: 85.96 dmip: 37.58 dmin: 11.71 adx: 21.74 atr: 230.12 adxr: 23.13 percentile 94

HINDUNILVR Price: 2460.85 ema20: 2178.96 ema50: 2134.35 ema100: 2087.28 rsi: 64.74 pgo: 4.28 macd: 57.72 mfi: 67.29 dmip: 37.78 dmin: 10.89 adx: 26.77 atr: 176.68 adxr: 27.34 percentile 93

IGL Price: 435.65 ema20: 392.95 ema50: 414.41 ema100: 416.36 rsi: 61.50 pgo: -0.02 macd: -5.91 mfi: 69.40 dmip: 27.91 dmin: 24.37 adx: 45.22 atr: 38.42 adxr: 57.55 percentile 90

INDIACEM Price: 102.10 ema20: 97.43 ema50: 90.93 ema100: 87.03 rsi: 54.18 pgo: 3.29 macd: 4.35 mfi: 48.44 dmip: 21.15 dmin: 29.56 adx: 10.41 atr: 7.73 adxr: 25.06 percentile 97

GUJGASLTD Price: 229.45 ema20: 238.47 ema50: 252.48 ema100: 247.06 rsi: 41.56 pgo: -1.97 macd: -12.52 mfi: 54.09 dmip: 23.82 dmin: 25.98 adx: 34.62 atr: 21.82 adxr: 33.38 percentile 96

 

[nrj]

Hope nobody here lost their money in MCX oil shock

Which brokers you engage for trading ? And do you still trust them ?

 

[indiatester]

Hope nobody here lost their money in MCX oil shock

Which brokers you engage for trading ? And do you still trust them ?

Lost money(not realized) in stocks ofcourse, but its not terrible. I use Interactive Brokers.

 

[nrj]

MCX handles almost 95% all trades for crude oil in India. And it did not have mechanism in place for negative trading. The group of people who lost badly because exchange acted mischievously is growing.

Brokers debited the investor accounts for 4x-5x times the invested amount to settle contracts. Sanctity of the terms of the contract is in the gutters. The litigation that will follow should haunt regulator & judiciary for years to come.

Its time for authorities to step-in & put a leash on everyone. No matter who screws up, its the retail minority investor getting slapped around every time.

 

[nrj]

So they are calling this corona situation as the 'Best stock-picking opportunity of the decade!'

I personally do not think so. I believe one should invest when the stock is ripe for growth, instead when it is 'cheap' or 'cheapest'. That aside, it sure is a good time if you were waiting to enter some scripts.

Do we have active traders/investors here ? How are you guys trading these days ?

I do not wish to initiate/encourage discussion on 'stock tips'. But if we have serious members here interested in stock market, we can keep this thread active with original content, market analysis and opinions.

 

[nrj]

Nifty forming interesting shape now. Span it well & we have seen this pattern before, hard to ignore

I have taken conservative peaks and depths. Don't miss the crucial 8900 milestone of Mar'17.

Probable rally towards 10500, and the resistance ahead. And then the swooping move for 6000. Watch the shorts volume on Monday.

 

[nrj]

Folks, keep adding banks to your portfolio. This is the best thing you do today

There is no sector which makes 300-350 points risk free money everyday (except for heroin distributors maybe)

Keep buying private banks....

 

[sorcerer]

Folks, keep adding banks to your portfolio. This is the best thing you do today

There is no sector which makes 300-350 points risk free money everyday (except for heroin distributors maybe)

Keep buying private banks....

I did my shopping on banks when it had that heavy hemorrhage last month ...so far so good.
Banking..yes any time on a good dip ..its a good buy.

 

[nrj]

Corona is good for Banks. If they wish it, lockdown should never end. What a sweet business here.

And then you read in annual reports that 'credit offtake is low'

Is anyone going to put on a leash here, or everyone is in it too ?

 

[nrj]

A good read here. Also relevant for people who must differentiate between traders & investors before jumping into market in times like these when equities get cheap and you can't resist getting some for yourself. Know your risk appetite before ordering those trades.

You Can't Have A Sucker's Rally Without Foolish Buyers

Summary

• The 35% rally off March 23, 2020, will go down as one of the biggest sucker's rallies ever seen in the U.S. stock market.
• This rally is being fueled by foolish buyers who choose to ignore the past while hanging on to a buy-the-dip strategy that is now obsolete and dangerous.
• The coming collapse in equity prices will be fast and furious, as retail investors become painfully aware that, once again, they have been led to the slaughterhouse like sheep.
• Comparisons between a 38-year stock market super-cycle in the U.S. and a 39-year super-cycle in Japanese equities should not be ignored.
• P.T. Barnum, who is credited with having coined the phrase "there is a sucker born every minute", understood human weaknesses better than most.

https://seekingalpha.com/article/4343846-you-cant-suckers-rally-without-foolish-buyers

 

[LurkerBaba]

A good read here. Also relevant for people who must differentiate between traders & investors before jumping into market in times like these when equities get cheap and you can't resist getting some for yourself. Know your risk appetite before ordering those trades.

You Can't Have A Sucker's Rally Without Foolish Buyers

Summary

• The 35% rally off March 23, 2020, will go down as one of the biggest sucker's rallies ever seen in the U.S. stock market.
• This rally is being fueled by foolish buyers who choose to ignore the past while hanging on to a buy-the-dip strategy that is now obsolete and dangerous.
• The coming collapse in equity prices will be fast and furious, as retail investors become painfully aware that, once again, they have been led to the slaughterhouse like sheep.
• Comparisons between a 38-year stock market super-cycle in the U.S. and a 39-year super-cycle in Japanese equities should not be ignored.
• P.T. Barnum, who is credited with having coined the phrase "there is a sucker born every minute", understood human weaknesses better than most.

Yeah this whole rally doesn't make sense.

But this quote is also true - "Markets can stay irrational longer than you can stay solvent."

 

[nrj]

Anil Agarwal is exploring a potential deal to take Vedanta private, reports Bloomberg.

 

[nrj]

Vedanta delisitng price is daylight robbery of minority shareholders. They should just officially put corporate governance & shareholder rights in trash instead of carrying this giant hypocrisy in India. Promoter shouldn't be allowed to gain control of entire operation at throw away price. Will promoter agree for reverse delisting valuation if other shareholders tomorrow force him to sell his shares at 87-89 ?

Was lucky enough to get out of this shithole in Feb .............

 

[nrj]

L&T, continues to trade in lower prices bringing valuation to bottom. Maybe buyback and delist this giant as well

 

[nrj]

As predicted

Druckenmiller on Tuesday called a V-shaped recovery -- the idea the economy will quickly snap back as the coronavirus pandemic eases -- a “fantasy.” Tepper said Wednesday that next to 1999, equities are overvalued the most he’s ever seen.

Such bearishness starkly contrasts with the optimism that pushed the S&P 500 Index up 26% from its March low. And the warnings have caught the attention of President Donald Trump, who’s facing re-election and has seen his plans to run on a booming economy shredded by the virus.

Wall Street heavyweights are sounding alarm about stocks

The biggest names in finance are coming around to a view that stocks are vastly overvalued.

economictimes.indiatimes.com

Wall Street Heavyweights Are Sounding Alarm About Stocks

The biggest names in finance are coming around to a view that seemed unlikely a few weeks ago: Stocks are vastly overvalued.

www.bloombergquint.com

 

[sorcerer]

L&T, continues to trade in lower prices bringing valuation to bottom. Maybe buyback and delist this giant as well

View attachment 47731

L&T Technology Services Ltd Board approves Dividend of Rs. 13.50

The Board of Directors of L&T Technology Services Ltd at their meeting held today, have recommended a final dividend of Rs. 13.50/- per equity share of face of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shall be paid / dispatched within thirty days from the conclusion of the Annual General Meeting of the Company. The date of book closure for the purpose of final dividend shall be intimated later.

 

[nrj]

L&T Technology Services Ltd Board approves Dividend of Rs. 13.50

The Board of Directors of L&T Technology Services Ltd at their meeting held today, have recommended a final dividend of Rs. 13.50/- per equity share of face of Rs 2.00/- each, subject to approval of the shareholders of the Company, which if approved, shall be paid / dispatched within thirty days from the conclusion of the Annual General Meeting of the Company. The date of book closure for the purpose of final dividend shall be intimated later.

Dude that was sarcasm, Vedanta tantrums are talk of the town.

Also its a separately listed subsidiary right. LTTS is different to LT.

But LT should see some correction with relief to provisioning on account of financing relaxation announced by govt. Not in absolute terms, but accountants are smart enough to thin out exposure

 

[nrj]

Bullish !