QUANT SYSTEM TRADE RECOMMENDATION 02.08.2020

FROM THE DESK OF CAPT. D.GANESH RAJA:

EXISTING TRADE RECOMMENDATION OVERVIEW

1. NIFTY : LAST CLOSE – 11073.25 . NIFTY MINOR TREND SEEMS TO BE FALTERING. THOUGH THE WEDGE PATTERN WAS NEGATED. IT IS IN A WEB OF FIBBONACCI LEVELS. RISK REWARD SEEMS TO BE FAVOURING SHORT SIDE TRADES FOR NOW AT THESE LEVELS.

SHORT NIFTY WITH STOP LOSS AT 11341.40. TARGET 1 – 10850 TARGET 2- N.A.

MINIMUM PROFIT POTENTIAL – 2.01% , LEVERAGE – 0.2X

MINOR TREND : UP WITH TOPPING INDICATIONS , INTERMEDIATE TREND : UP, LONG TERM TREND: DOWN

WITH BOTTOMING OUT INDICATIONS.

2. USD – INR: LAST CLOSE – 75.01. RECOMMENDED PRICE- 74.86. IT IS AT A LOSS OF 0.23% FROM THE RECOMMENDED PRICE FEW WEEKS AGO. CONTINUE TO HOLD SHORT POSITION IN THIS CURRENCY PAIR WITH STOP LOSS AT 75.89. TARGET 1 – 72.0

TARGET 2 – NA. MINIMUM PROFIT POTENTIAL – 3.79%. LEVERAGE – 0.5X.

MINOR TREND : UP INTERMEDIATE TREND : BOTTOMING OUT INDICATION LONG TERM TREND : DOWN WITH BOTTOMING OUT INDICATIONS.

3. GOLD: LAST CLOSE – 53828 (MCX PRICE). RECOMMENDED PRICE- 48878. CONTINUE TO HOLD LONG POSITION.

TARGET 1- 55630.0 TARGET 2 – 66875.0. MINIMUM PROFIT POTENTIAL – 13.81%. LEVERAGE – 0.3X.

IT IS AT AN ABSOLUTE PROFIT OF 10.12% FROM RECOMMENDED PRICE AND ASSET ALLOCATION PROFIT OF 5.06%.

MINOR TREND : UP INTERMEDIATE TREND : UP LONG TERM TREND : UP

4. TATA STEEL : LAST CLOSE – 366.30. RECOMMENDED PRICE – 350.95 CONTINUE TO HOLD LONG POSITION WITH PROFIT PROTECTION STOP OF 359.0S. AT THE MOMENT IT IS AT AN ABSOLUTE PROFIT OF 4.37% FROM RECOMMENDED PRICE AND ASSET ALLOCATION PROFIT OF 0.87%.

TARGET 1 – 362.0 (ACHIEVED ON LAST WEEK CLOSING) TARGET 2 – 385. THERE IS A GOOD PROBABILITY OF TARGET 2 BEING ACHIEVED.

MINIMUM PROFIT POTENTIAL – 3.14% (ACHIEVED) , LEVERAGE – 0.20X .

MINOR TREND : UP INTERMEDIATE TREND : UP, LONG TERM TREND : DOWN WITH BOTTOMING OUT INDICATIONS.

5. DLF: LAST CLOSE – 131.60. RECOMMENDED PRICE – 138.90. CONTINUE TO HOLD SHORT POSITION WITH STOP LOSS AT 143.10. AT THE MOMENT IT IS AT AN ABSOLUTE PROFIT OF 5.54% FROM RECOMMENDED PRICE AND ASSET ALLOCATION PROFIT OF 0.55%. CONTINUE HOLDING SHORT POSITION.

TARGET 1 – 133.63 (ACHIEVED) TARGET 2 – 126.55 , LEVERAGE – 0.1X

MINOR TREND : DOWN, INTERMEDIATE TREND : DOWN, LONG TERM TREND : DOWN

MINIMUM PROFIT POTENTIAL – 2.38%.

THERE IS A GOOD PROBABILITY OF TARGET 2 BEING ACHIEVED.

6. GRASIM: RECOMMENDED PRICE - 582.70. SHORT RECOMMENDATION TRADE STOP LOSS TRIGGERED AT 616.50 RESULTING IN A ABSOLUTE LOSS OF 5.8% AND ASSET ALLOCATION LOSS OF 0.58%, TRADE CLOSED.

NEW TRADE RECOMMENDATIONS

1. GAIL: LAST CLOSE – 96.65. GO SHORT AROUND THIS PRICE WITH STOP LOSS AT 102.5.

TARGET 1 – 90.0 TARGET 2 – 81.2 , LEVERAGE – 0.1X

MINIMUM PROFIT POTENTIAL – 6.78%. THERE IS A GOOD PROBABILITY OF TARGET 2 BEING ACHIEVED.

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.3X

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: 1.07%

TIME WINDOW OF TRADES: 7 DAYS TO 30 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 1.4X

PROFIT / LOSS TILL DATE BASED ON ALL TRADES BASED ON ASSET ALLOCATION: 8.23%

PERIOD IN WHICH ABOVE RESULT WAS ACHIEVED: 28 DAYS