Banknifty 25th April 2014| 30 minute chart

Banknifty trade Update | 25th April 2014

Posted on Leave a commentPosted in Daily Trades 2014

A negative crossover took place on Banknifty 30 minute chart.

Have a look at the chart below.

Banknifty 25th April 2014| 30 minute chart
Banknifty 25th April 2014| 30 minute chart

According to our trading strategy for Banknifty, the key numbers are 35 and 100.

Sell 2 lots @ 13104

Buy 1 lot@ 13069 (35 points) – target hit

Buy 2nd lot @ 12969 (100 points) – target hit

Today’s low = 12968

Both the sell targets have been hit. We will see if we have any good chance to enter the trade again on Monday. We shall wait for the market to open on Monday and assess the movement.

Coalindia | 30 minute charts

CoalIndia trading | 25th April 2014

Posted on Leave a commentPosted in Daily Trades 2014

A negative crossover took place on Coalindia 30 minute charts.

Here’s the 30 minute chart showing the crossover.

Coalindia | 30 minute charts
Coalindia | 30 minute chart

According to our trading strategy as discussed earlier,

Sell 2 lots @ 300.20 (second candle open)

Buy 1 @ 298.2  (2 points) (spot price)

Buy 2 @ 295.20 (5 points) (spot price)

None of the sell targets have been hit yet. We will wait for the market to open on Monday and assess the movement.



Coalindia Ltd | 21st April 2014

Trading Strategy for CoalIndia

Posted on Leave a commentPosted in Daily Trades 2014

Trading CoalIndia Ltd on 30 minute timeframe

I really like Coalindia. This company has been really stable in really bad times plus it gives fantastic dividend. I bought some coalindia shares  (equities) and I trade coalindia futures.

1 lot of Coalindia = 1000 shares

Which means if the share price goes up by 1 rupee, you make 1000 rupees profit. I decided to do some backtesting and use the same strategy I used for Banknifty.

The golden keyword here is TRADING WHIPSAWS. I can’t emphasise it enough. Out of 10 trades that trigger (on small timeframes say 30 minute charts), 7 are whipsaws. How in the world do you intend to make profit if you have 7 whipsaws? All the confidence and more importantly all the MONEY is gone by the time you get a good trend.

So here’s how we deal with it. I backtested Banknifty for reversal points and came up with an average point after which the reversals happen. This will help us minimise our losses in cases of whipsaws and help us make more money. I found three cut-off points for Coalindia. One lot to be sold for a profit of 2 points, 2nd for a profit of 5 points and 3rd one for the profit of 9 points.

Coalindia 2014 | 30 minute chart
Coalindia 2014 | 30 minute chart

So let us begin.

Trade triggered

Using 3 ema and 15 ema, a positive crossover has taken place on 30 minute chart on 18th April 2014.

Buy 2 lots @ 289.90 spot price

Sell 1st lot @ 291.90 (2 points) – sell triggered on 18th April 2014 (2 x 1000 = 2000 rupees)

Sell 2nd lot @ 294.90 (5 points) – sell triggered on 21st April 2014 (5 x 1000 = 5000 rupees)

Sell 3rd lot @ 298.9 (9 points or if it doesn’t hit 9 points, sell on reversal) – sell triggered on 22nd April 2014


Banknifty | 21st April 2014

Banknifty Trading Strategy | 17th April 2014

Posted on Leave a commentPosted in Banknifty trades

I am going to post trades on a daily basis and update the current trades. This is using a trading technique that will allow us to minimise our trading losses if not completely eliminate them. As traders we all know that we cannot avoid whipsaws. So with this strategy, we will learn how to trade whipsaws. In my opinion, this is very important. The nature of market movement has changed a lot in the past few years. We don’t have swift and clean long or short trends. We have a number of whipsaws and it is very difficult for small time traders with small capital to trade using technical indicators. The reason being the risk taking capacity is low and that whipsaws suck away all the money they are willing to invest. Before we even get a good trending trade, all the money is eaten up by the whipsaws. This technique is specifically for Banknifty and requires a capital of 80,000 rupees for trading.

The trade triggered on the 17th April 2014.

Using 3 ema and 15 ema for identifying the negative and positive crossover.

Banknifty | 30 minute chart
Banknifty | 30 minute chart. Source: google finance

The positive crossover is seen on a 30 minute chart.

Trades initiated on 17th April 2014

Buy 2 lots of BNF @ 12653

Setting 1 lot BNF @ 12688 (35 points)

This is only to reduce the risk on the capital traded.

Sell 2nd lot BNF @ 12753 (100 points)

It has already hit 12753 and we have made a total of 135 points profit.


The Wall Street Code (Marije Meerman, VPRO)

Posted on Leave a commentPosted in Presentations

A thriller about a genius algorithm builder who dared to stand up against Wall Street. Haim Bodek, aka The Algo Arms Dealer.

From the makers of the much-praised Quants: the Alchemists of Wall Street and Money & Speed: Inside the Black Box. Now the long-awaited final episode of a trilogy in search of the winners and losers of the tech revolution on Wall Street. Could mankind lose control of this increasingly complex system?

Nifty Analysis | 21st June 2013

Posted on Leave a commentPosted in Nifty Analysis, Stock Market Trends

Weekly, daily and 30 minute chart Nifty analysis

Nifty | 30 minute chart
Nifty | 30 minute chart

It is clearly evident that Nifty is on a downward trend on 30 minute chart.

Nifty | Daily chart
Nifty | Daily chart

Nifty is moving in a downward trending channel since May 2013. It still remains in the channel and hasn’t been able to break the upper boundary of the downward trend channel and continues to remain in the channel. There is a high probability of Nifty touching the lower trend line before receiving a small bounce.


Presentation on Google

Posted on Leave a commentPosted in Presentations

Here’s a short presentation on Google by Ruksar Kachchhi. Click on the image below to access the presentation.


 Google is a multinational corporation. It provides online services like web search, sending and receiving emails, advertising, office suite etc. Google’s mission statement is “to organize the world’s information and make it universally accessible and useful”. The company’s unofficial slogan is “Don’t be evil”. It is estimated that Google runs over one million servers in data centre around the world. Alexa listed as the most visited website on the internet. Millions of people use Google everyday in more than 100 languages and regard Google and internet as one. We cannot imagine life without Google. 

Who Founded Google?

Larry Page and Sergey Brin met at Stanford University while pursuing their Ph.D. in computer science. In 1996, as students Larry and Sergey took up a very impossible research project and turned it into multibillion dollar enterprise with global reach.

In 1996, they built a search engine using the servers of Stanford university and named it BlackRub. Later they changed the name of the search engine from BlackRub to Google based on the mathematical term “Googol” which is used to represent a numeral ‘1’ followed by hundred zeros.

The First Investor of Google

Andy Bechtolsheim is an electrical engineer and the co-founder of Sun Microsystems in 1982. He was the chief hardware designer in the company. Bechtolsheim studied at Stanford University and derived the name of his company from Stanford University Network. He was the first investor of Google and had given a $100,000 cheque in the name of

Google Doodle

The first “Google doodle” appeared in 1998. It was meant to let people visiting the homepage know that Googlers  were offline at the Burning Man Festival in Nevada. Until today more than 1000 doodles have been posted on homepages worldwide.

How Does Google Earn?

Google gets most of their income through selling targeted advertisements to business owners. Some of its income also comes from selling advanced services like paid Gmail or Google drive accounts with a huge storage capacity of 25GB to businesses, institutions and governments around the world.

Google Adwords

Google AdWords is a self-service program for creating online ad campaigns for businesses. Google AdWords program enables us to create Ads in a variety of Google services like Google Search, Google Maps and Google Adsense Network. Business owners can target their ads by location of users and keywords.

Today Google’s various advertising options like text ads, video ads and so on have helped thousands of businesses to grow and succeed worldwide.

Google Mail

In 2004 on 1st of April or on April fools day Google launched its email service called Gmail. Gmail is a free advertising-supported email service which gives an initial storage capacity of 1GB per user and has features like speedy search, huge amounts of storage capacity(paid) and shows threaded messages. It is most used email service on the internet and gives a tough competition to other companies like Yahoo and Hotmail.

Google Maps & Google Earth

In 2004 Google acquired digital mapping company keyhole and launched Google maps. Later in 2005, Google earth was also launched. At present, Google maps has features like providing directions, live traffic conditions and street view in some countries. In addition Google earth shows the oceans and the moon.

Video Sharing

YouTube was founded in February 2005, YouTube allows billions of people to discover, watch and share originally-created videos. It provides a forum for people to connect, inform, and inspire others across the globe and acts as a distribution platform for original content creators and advertisers large and small.

Google does not earn any good profits from YouTube but then too it has not closed it, as millions of people around the world use YouTube on daily basis and also because of the company’s unofficial slogan “Don’t be evil”.


In 2007, Google announced about its G-phone which will have Google’s operating system called Android. Android is a open source for mobile devices. The first commercially available phone to run android was HTC Dream which was launched on 22th october 2008.

Android became the world’s leading smartphone platform at the end of 2010. In June 2012, there were more than 600,000 apps available for Android, and the estimated number of applications downloaded from Google Play was 20 billion.

Google Chrome

Word got out about Google Chrome a day ahead of schedule when a comic book introducing Google’s new open source browser was shipped earlier than planned.

On September 2nd 2008 Google launched its open source browser called the Google chrome. Chrome is designed to be very fast and has very good features which increase its efficiency. It has built in malware and auto update system and many other useful features.

CEO of Google

In 2001, Eric Schmidt was declared the CEO of Google while Larry Page and Sergey Brin were named as the presidents of products and technology, respectively. In 2011, Larry page the co-founder of Google became the CEO and Eric Schmidt was declared as the executive chairman of Google.

Google Plus

In June 2011, Google plus was introduced as a new invention for social networking, which is a combination of Facebook plus Twitter. Google plus helps everyone to share recommendations with friends, contacts and the rest of the web. It also allows to share any important conversation within your circles and thus is giving a tough competition to Facebook.

Google Drive

Google drive was introduced in 2012. Google drive helps in storing all our files from documents, spreadsheet, form, drawing to PowerPoint presentations. It provides 5GB of free memory space. We can also buy extra space by giving some money. It is one of the most efficient and useful invention by Google.

Stocks to Trade and Invest | Hindalco | August 2012

Posted on 1 CommentPosted in Stocks for Investment

Hindalco Industries Ltd| Technical Analysis

Hindalco Industries Ltd. is one of the world’s largest aluminium companies and one of the biggest producers of primary aluminium in Asia. It is a subsidiary of Aditya Birla Group. The company is run by Kumar Mangalam Birla who is considered to be amongst the world’s youngest billionaires.

Type: Public

Traded as:

  1. BSE: 400440
  2. NSE: Hindalco
  3. BSE SENSEX Constituent

Industry: Metals

Founded in the year: 1958

Company’s annual sales: US$5 billion

Number of people employed: 13,675

Turnover: US$14 billion

 Fundamentally, the company is an excellent bet for the future.

With respect to the present condition, the technicals seem a little weak because of the bad results in this quarter. But this will not really affect the stock prices of the company for long. It will catch speed in the coming few months.

Have a look at the charts below.

Hindalco 30 min chart Analysis
Hindalco 30 min chart Analysis

Hindalco broke the bullish channel and entered the bearish zone solely because of the quarterly bad results. But it is expected to recover soon.

Although it might not be a good time to be bullish on intraday but with a perspective towards long term investment, it is still an excellent bet and I would say this is the right time to buy. It might just not get such an excellent chance to buy. It is a sure BUY ON DIPS.


How to correlate two stocks or indices using MICROSOFT EXCEL?

Posted on Leave a commentPosted in Stock Market Trends

Correlating NSE VIX and S & P Nifty

In this article, I will teach how we can use EXCEL to correlate data of two different stocks or indices.

Here we will take an example of something apart from stocks and indices.

VIX correlation with Nifty

How do you think this helps? Well this could be very useful if used intelligently. Whenever you have a look at the historical data of your stocks you can correlate the price of the stock to Nifty. THis will help you give an idea of how much strength the stock has shown in weaker as well as stronger markets and how well it is moving in the current condition of the market.

Step One:

Selecting “CLOSE” date from VIX and Nifty.

Here’s a snapshot of the example. I have selected the data dated 23rd July 2012 to 16th August 2012. Select the same range from both the files as follows.

Nifty data  selected and copied
Nifty data selected and copied


How, When and Why to invest in the Stock Market?

Posted on Leave a commentPosted in Stocks for Investment

How to invest in the Stock Market?

You will learn this after you understand “When to invest?”

When to invest in the Stock Market?

After you have studied enough to understand the system of how the market works.

Why to invest in the Stock Market?

Stock Market is no gambling but it can still make you rich if you choose to get it right. Because market is the only place where you are not paid to work for a specified period of time but you are paid to do the right thing at the right time.

What people don’t do before investing?

This is a very common story. Probably you are all aware of it. You must have experienced this with your parents or your relatives and most probably yourself.

Here are a few questions that I feel you should ask yourself to figure out if you are really investing in the right way and in the right place:

  • On what basis do you select stocks for investments?
  • Are you just selecting stocks randomly without any study just on the basis of what analysts on Television say?
  • How do you know which stocks are good for long term/short term investment?
  • What is your risk taking capacity?
  • What is the risk/reward ratio you are considering?
  • Are you aware of terms “Fundamental Analysis” and “Technical Analysis”?
  • Have you bothered studying these before investing?

These are the questions that I ask myself too before investing. Unless you are able to answer these, don’t bother investing.

I have always noticed that whenver people get into stock market, they just want to get rich overnight. I don’t understand this logic. When you are studying engineering or medicine or any other course for that matter, do you achieve what you want to be overnight? I don’t think so… You spend years to complete the course with good marks with no practical knowledge and yet having spent lakhs of rupees by the time you graduate. Then how could anyone just assume that you could make money without taking any trouble to learn the system of markets???