QUANT SYSTEM TRADE RECOMMENDATION - 13.03.22

From the desk of Capt.D.Ganesh Raja

Dear Friends,

For past several days in KG basin in east coast India the signal was so bad that couldn’t even send out decent text message and now visiting Bangalore to visit a close friend with fourth stage cancer. As you can see it is a hectic schedule but I could just check some key market indices.

I had given a recommendation to buy 16150 strike Nifty call option, expiry 31.03.22 at 289.15 and on Friday it closed at 690.55 thus achieving first target. The trade recommendation is closed.

There needs to confirmation in daily charts for taking directional trades but intermediate term trend is still down so continue holding the other short position in Nifty.

Gold : Last close - 52878.0. Gold had sharp run up and might give up some gains as profit booking by traders but long-term investors can continue holding it and people who want to buy gold can utilize lower prices to buy for the long term. Incidentally in the monthly chart gold is about to give buy signal this month.

Taking part in a trading competition without decent internet connectivity onboard ship is quite a challenge but I’ll take it in my stride. My present rank is 4446 out of 283834 traders worldwide. Also, I will be focusing on intermediate timeframe trades due my schedule.

RETURNS TILL DATE SINCE 04.07.20 : 65.9% (AS OF MONDAY 07.03.22 CLOSING)