QUANT SYSTEM TRADE RECOMMENDATION 09.08.2020

From the desk of Capt.D.Ganesh Raja :

EXISTING TRADE RECOMMENDATION OVERVIEW

1. NIFTY: Last close – 11214.05 . The short recommendation given last week at 11073.25 fell short of target by 32 points reaching 10882 before reversing. Assuming the trade was not closed the system gave an exit on 05.08.2020 at 11101.00, resulting in an absolute loss of 0.25% and asset allocation based loss of 0.05%.

At the moment NIFTY has again entered no trade zone and has to be keenly watched before any view can be given.

Minor trend: Up with topping indications, Intermediate trend : Up, Long term trend: Down with bottoming out indications.

2. USD – INR: Last close – 75.12. Recommended price- 74.86. It is at a loss of 0.37% 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 – 55845 (MCX PRICE). Recommended price- 48878. Continue to hold long position.

Target 1- 55630.0 (Achieved) target 2 – 66875.0. Minimum profit potential – 13.81%. (Achieved) leverage – 0.3X. Gold is in a very strong long term trend and till there is any signs of long term reversals the long positions must be held. However for people wanting to do fresh buying this is a catch 22 situation whether to buy or wait. They can use minor dips over a few days to buy Gold.

It is at an absolute profit of 14.25% from recommended price and asset allocation profit of 4.75%.

Minor trend: Up. Intermediate trend: Up. Long term trend: Up

4. TATA STEEL : Last close – 404.05. Recommended price – 350.95 continue to hold long position with profit protection stop of 390.0. At the moment it is at an absolute profit of 15.13% from recommended price and asset allocation profit of 3.02 %.

Target 1 – 362.0 (Achieved) Target 2 – 385 (Achieved) Target 3 – 430. There is a good probability of Target 3 being achieved.

Minimum profit potential – 3.14% (Achieved), Leverage – 0.20x .

Minor trend: up, Intermediate trend: Up, Long term trend: Neutral with bottoming out indications.

5. DLF: Last close – 138.90. Recommended price – 138.90. Continue to hold short position with stop loss at 143.10. At the moment it is at no profit / loss from recommended price. Continue holding short position.

Target 1 – 133.63 (achieved but rebounded , since position not closed) 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. GAIL: Last close – 96.90. Recommended price – 96.60. Continue holding short position with stop loss at 102.5. It is at an absolute loss of 0.31% from recommended price.

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.

NEW TRADE RECOMMENDATIONS

1. BAJAJ FINANCE : Last close – 3464.30. Go long around this price with stop loss at 3255.0.

Target 1 – 3698.0 Target 2 – 4025.0, Leverage – 0.15x

Minimum profit potential – 6.74%. There is a good probability of target 2 being achieved.

Minor trend: Up, Intermediate trend : Up, Long term trend : Up

2. GRASIM: Last close : 636.55. Go long around this price with stop loss at 617.0.

Target 1 – 663.0 Target 2 – 690.0, Leverage – 0.20x

Minimum profit potential – 4.15%. There is a good probability of target 2 being achieved.

Minor trend : Up, Intermediate trend : Up, Long term trend : Down with bottoming out indications.

3. HERO MOTOCOP: Last close: 2706.20. Go short around this price with stop loss at 2760.0.

Target 1 – 2613.41 Target 2 – 2500.00, Leverage – 0.10x

Minimum profit potential – 3.42%.

Minor trend: Up, Intermediate trend: Up, Long term trend : Up with topping out indications.

4. HDFC BANK: Last close: 1043.85. Go short around this price with stop loss at 1067.0.

Target 1 – 981.0 Target 2 – 956.0, Leverage – 0.10x

Minimum profit potential – 6.02%.

Minor trend: Down, Intermediate trend: Down, Long term trend: Neutral.

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.55X

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: 2.78%

TIME WINDOW OF TRADES: 7 DAYS TO 30 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 1.75X

PROFIT / LOSS TILL DATE BASED ON ALL TRADES BASED ON ASSET ALLOCATION: 9.36%

PERIOD IN WHICH ABOVE RESULT WAS ACHIEVED: 7 WEEKS