QUANT SYSTEM TRADE RECOMMENDATION - 13.11.21
- Capt D. Ganesh Raja
- Nov 13, 2021
- 2 min read
From the desk of Capt.D.Ganesh Raja
Dear Friends,
This is going to be a very quick update because I am still on ship but just happened to come in signal zone. Due to work at hand, I don’t have the liberty of doing extensive synthesis but I quickly ran through the Quant system filters to get a view.
There has still not been an exit signal in Nifty. System wise, as I had said before there might a last leg of a rally and the target range could be anywhere between 18350 to 18750, give or take couple of hundred points.
Dark clouds are gathering world over, with series of negative news flows. Again, my point in demonstrating system-based trading is to cut through the clutter to give a decision-making methodology. Continue holding all long positions for now, which have been recommended so far, except Gail (India) Ltd., which has given an exit on 12.11.21.
GOLD: System gave a buy signal in Gold on 22.10.21, at 47,797.0, with a stop loss at 47120.0. Gold gave a stellar move this week and is on its way achieving its first target. Long term investors continue to ignore these short-term targets and hold on to gold as one would hold on to dear life. Will I be proved right or wrong? Why bother, time will tell!!
Target1 – 50685.0, Target 2 – 54541.0, Leverage 0.30x.
Minimum profit potential – 6%. Asset allocation profit potential – 1.8%.
Minor trend: Up, Intermediate trend – Up, Long term trend – Neutral with upward bias.
Note for reading this report:
Note1: The stop losses are on end of day basis
Note2: When trade recommendation is given around a certain price, it means that the trade may be taken the next trading day or if a price zone is given for taking a trade then trade has to be taken on the day price reaches within that zone.
Note3: A separate excel sheet is attached to view the performance of the recommendations, which also reduces the task of individually reporting the performance of each trade recommendation. Viewing the excel sheet “TRADE RECOMMENDATION LOG” will be self-explanatory. Also in this sheet Trade recommendations which are still active are marked.
When signals are triggered mid-week, that is updated in log sheet and covered in the weekend report, due to paucity of time.
EXISTING TRADE RECOMMENDATION OVERVIEW
Refer to “TRADE RECOMMENDATION LOG”
NEW TRADE RECOMMENDATION
Refer to “TRADE RECOMMENDATION LOG”. The new recommendations are HDFC Life and Mahindra & Mahindra, highlighted in green.
TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.40
COMBINED PROFIT POTENTIAL FOR ABOVE TRADES: NA
TIME WINDOW OF TRADES: 7 DAYS TO 30 DAYS.
TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 2.05X
RETURNS TILL DATE SINCE 04.07.20 : 62.05% (AS OF FRIDAY 13.11.21 CLOSING)
Comments