QUANT SYSTEM TRADE RECOMMENDATION- 08.02.22

From the desk of Capt.D.Ganesh Raja

Dear Friends,

I am hard pressed for time synthesizing market information between vessel visits. I just have enough time to give a quick update before vessel sails.

As of today’s closing, of 17266.75, Nifty has given a short signal with stop loss at 17800 and target of 16630 and further target of 16248. The position has been split into two sections, one to book short term profits and one to ride out intermediate term trend. Also as I had correctly pointed out during previous post, markets bounced smartly to give an exit at higher levels and Trade Recommendation Blog has been updated with this information. What has to been correctly synthesized and indicated by system, credit has to be taken for it for proving system returns.

This is the time when system can throw up specific shorts in certain stocks but due to paucity of time, I am unable to do it. I will not have internet access at sea to update you on this, that’s why refraining from giving short recommendations for stocks.

For the recommendations given on 24.12.21 & 17.01.22 please be advised as follows:

1) Nifty system exit revised as per last week’s blog with exit on 01.02.22 at 17525.13

2) Mahindra & Mahindra gave a system exit as of today’s closing at 830.45.

3) Hold Tata Motors, Hindalco, Action Construction & Indian Hotels.

No change in views as far Gold is concerned, continue holding long positions and be patient. Further long positions can be added as of today, at 48300 levels with leverage of 0.2x with targets as mentioned in Trade Recommendation Log.

RETURNS TILL DATE SINCE 04.07.20 : 52.59% (AS OF TUESDAY 08.02.22 CLOSING)

TRADE RECOMMENDATION LOG.pdf

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