QUANT SYSTEM TRADE RECOMMENDATION 12.07.2020

FROM THE DESK OF CAPT. D.GANESH RAJA:

EXISTING TRADE RECOMMENDATION OVERVIEW

1. NIFTY : LAST CLOSE – 10768. IT HAS DELIVERED 0.97% PROFIT AS OF FRIDAY CLOSING. WITH ELLIOT TIME ZONE PREDICTION INDICATING REVERSAL HAPPENING BETWEEN 15.07.20 TO 22.07.20 (IF THE DATES FALL IN A HOLIDAY NEXT TRADING DAY COUNTS).

THE GAP BETWEEN 10751 TO 10827 SEEMS A STRONG RESISTANCE IN CONGRUENCE TO MULTIPLE FIBONACCI LEVELS. IN DAILY CHART WEDGE FORMATION IS ANOTHER INDICATION OF RESISTANCE AT 10808.

CONCLUSION: NIFTY IS IN NO TRADE ZONE NOW.

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

2. RELIANCE INDUSTRIES: LAST CLOSE – 1878.05 . IT HAS DELIVERED 5% PROFIT TILL DATE. HOLD POSITION FOR TARGET 1- 1912 . MINIMUM PROFIT POTENTIAL OF 6.94%. LEVERAGE – 0.25X.

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

3. BPCL: LAST CLOSE – 376.55. IT IS ON A LOSS OF 2.04% FROM RECOMMENDED PRICE. HOLD WITH STOP LOSS OF 367.0. TARGET 1 – 430.0 TARGET 2 – 467.

MINIMUM PROFIT POTENTIAL – 11.8%. LEVERAGE – 0.20X

MINOR TREND : UP INTERMEDIATE TREND : NA LONG TERM TREND : DOWN

4. EICHER MOTOR : LAST CLOSE – 19447.85 . IT HAS ACHIEVED THE TARGET OF 19699 DURING THE WEEK DELIVERING A PROFIT OF 3.7% . TRADE CLOSED

MINOR TREND : NA INTERMEDIATE TREND : NA LONG TERM TREND : DOWN

5. USD – INR: LAST CLOSE – 75.38. IT IS AT A LOSS OF 0.72% FROM RECOMMENDED PRICE. CONTINUE TO HOLD SHORT POSITION 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.

NEW TRADE RECOMMENDATIONS

1. GOLD: LAST CLOSE – 48878. GOLD HAS GIVEN BUY SIGNAL MID WEEK. GO LONG AT THIS PRICE.

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

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

2. ADANI PORT : LAST CLOSE- 334.95. SHORT ON INTRADAY BOUNCE WITH STOP LOSS AT 350.10. TARGET 1- 327.0 TARGET 2 – 317.0.

MINIMUM PROFIT POTENTIAL – 2.3%. LEVERAGE – 0.15X. THERE IS A HIGH PROBABILITY OF TARGET 2 BEING ACHIEVED

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

3. HINDALCO: LAST CLOSE- 163.30. GO LONG WITH STOP LOSS AT 156.90. TARGET 1- 189.95.

MINIMUM PROFIT POTENTIAL – 16%. LEVERAGE – 0.15X.

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

4. ONGC: LAST CLOSE- 78.55. SHORT WITH STOP LOSS AT 82.90. TARGET 1- 76.0 TARGET 2 – 70.0

MINIMUM PROFIT POTENTIAL –3.243%. LEVERAGE – 0.25X. THERE IS A HIGH PROBABILITY OF TARGET 2 BEING ACHIEVED

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

5. SBI: LAST CLOSE- 195.60. GO LONG WITH STOP LOSS AT 188.40. TARGET 1- 207.0, TARGET 2- 215.0

MINIMUM PROFIT POTENTIAL –5.8%. LEVERAGE – 0.15X.

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

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 1X

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES : 7.75%

TIME WINDOW OF TRADES : 7 DAYS EXCEPT GOLD 180 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONSAS PER PREVIOUS RECOMMENDATION: 1.95X