QUANT SYSTEM TRADE RECOMMENDATION - 12.03.23

From the desk of Capt.D.Ganesh Raja DATE: 12.03.23

Hello friends,

Due to sudden spike in volatility, I thought of updating again.

There was a typo error in my previous blog with respect to NASDAQ COMPOSITE, actually it was NASDAQ COMPUTER index. Though the charts have correlation, it was an error nevertheless and my apologies for the typo error. I have corrected the TRADE RECOMMENDATION LOG, accordingly.

For now, system has also given an exit in NASDAQ COMPOSITE at 11138.00 and resulted in an absolute loss of 4.71% and asset allocation loss of 0.94%.

In Indian markets, it continues to be in no trade zone and we will wait for markets to stabilize, before confirmation of signals.

It would be interesting to see how markets in general behave due to the recent news of collapse of Silicon Valley Bank. Though we are not focusing on events, I have already mentioned in my previous post that multiple confirmations are required to trade in either direction and also system exit does get generated, as has been demonstrated countless times in the past.

I also looked up at various sectoral indices. There seems to be a weakness in Pharma and Private Banks. Indecisiveness is seen in IT, but again no confirmation as to which direction it would move from here onwards. Individual stock recommendations are based on the weakest component of the particular sectoral index.

Few stocks might generate a signal during course of the week and will try to update accordingly.

For now Kotak Mahindra Bank has generated a sell signal. Please see TRADE RECOMMENDATION LOG for details.

Recommendations to go long on Hindalco and Tata Steel, on 04.01.23, have given system exit as of Friday close.

Rest of the trade recommendation continue to be valid.

RETURNS TILL DATE SINCE 04.07.20 : 71.88% (AS OF FRIDAY 10.01.23 CLOSING)

TRADE RECOMMENDATION LOG.pdf

Download PDF • 594KB