QUANT SYSTEM TRADE RECOMMENDATION - 14.05.23
- Capt D. Ganesh Raja
- May 15, 2023
- 3 min read
From the desk of Capt.D.Ganesh Raja
DISCLAIMER
Please be informed that the author of this blog by Capt Ganesh Raja Dhanuskodi (Hereinafter called Capt Ganesh) is not a SEBI registered Research Analyst or Financial Advisor. Capt Ganesh writes this blog to express his views based of more than two decades of experience in capital markets and based on the Quant system which he has invented and he does not do this for “consideration” as per SEBI regulations, which means he does not receive economic benefit through it. Readers of this blog must seek advice from registered Investment Advisors / Research Analysts before taking any trading or investment decisions.
Capt Ganesh has been investing and trading actively since 2001, building trading models since 2013 and has invented an AI based intraday trading system, which has a pending patent approval.
Dear Friends,
I am elated today due to my daughter’s 10th board result, where she scored 95% . She was very tensed for the past few days, but I said she had done her part and to just relax. Irrespective of the results, her efforts were 100% and that is important.
From now on, I will be focusing on making presentations for my intraday AI system, which I have to pitch to potential investors, so might not update weekly, unless there is a system exit in the stocks / indices recommended previously. Since I have been working on this for past so many years, it is nearing culmination and I want to complete as soon as possible. Selection of team for running the project, revenue estimates and business plan etc., are the other aspects to be worked on.
Now let us discuss the markets. The recent defeat of ruling party BJP in Karnataka is a setback for them and this might create short term volatility as per news sources. But is it going to be so? I don’t know but tell-tale signs of ruling party losing have been in the air for some time in Karnataka, many of my friends told me so. Which means market might have already discounted it. As per my daily system, Nifty has given a short term buy signal but I refrain from giving short term trade recommendations, since it will not be true to the Quant system.
As to weather these results are going to sway the voting mood in a big for all the coming state elections and the general elections 2024, remains to be seen. But what I have discussed in depth in my recent blogs, a strong economic performance is in offing for India and which is indicating a strong central Government again. So basically, economic strength is going to decide the continuity of the Government.
USD/ INR: Last close – 82.20. System exit has been triggered on Friday closing, in the short recommendation given in USD on 07.03.23. There might be a buy signal, in this currency pair in the coming week or so. I will update if at all it actually happens.
GOLD MCX: Last close – 60887.0. Gold might see a bit of volatility because in the daily charts it is showing a sell whereas there is no system exit in the weekly charts, so continue to hold position.
NIFTY: Last close – 18314.80. As discussed above, there has been no system exit.
NASDAQ COMPOSITE: Last close – 12284.74. The system buy signal is given on 20.03.23 still remains valid. We have to be patient to see if the uptrend gathers strength.
UPDATE ON PREVIOUS STOCK RECOMMENDATIONS
1. HCL TECH: Last close – 1095.50. System exit has been triggered as of Friday close for the short recommendation given on 25.03.23. This trade has resulted in an absolute loss of -4.19% and asset allocation loss of -0.42%.
2. BALARAMPUR CHINI: Last close – 386.60. System exit has been triggered as of Friday close for the Long recommendation given on 09.04.23. This trade in an absolute loss of -6.07% and asset allocation loss of -06.61%.
The following stock recommendations still remain valid and recommended to hold position:
TITAN, TATA COMMUNICATIONS, ARVIND, GRASIM, ULTRATECH, L&T & INDIAN HOTELS
A note of caution here, that people who have the habit of quickly moving in and out trades might not be able to stomach the system recommendations and patiently holding the trades. Also doubts might creep up if sudden contra price movements happen, but that is how the system is designed and it needs to work more of ten than not.
As I have said before one cannot have long term profit and short-term profit, both together.
RETURNS TILL DATE SINCE 04.07.20 : 83.20% (AS OF THURSDAY 12.05.23 CLOSING)
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