QUANT SYSTEM TRADE RECOMMENDATION 19.07.2020

FROM THE DESK OF CAPT. D. GANESH RAJA :

EXISTING TRADE RECOMMENDATION OVERVIEW

1. NIFTY : LAST CLOSE – 10901.7 . NIFTY HAS CONTINUED ITS UPTREND CLEARING THE GAP BETWEEN 10751 TO 10827 . ELLIOT TIME ZONE PREDICTION IS INDICATING REVERSAL HAPPENING BETWEEN 15.07.20 TO 22.07.20 (IF THE DATES FALL IN A HOLIDAY NEXT TRADING DAY COUNTS) AND RISK REWARD FOR TRADES ON LONG SIDE NOT IN FAVOUR.

NIFTY IS STILL IN ZONE OF RESISTANCE IN CONGRUENCE TO MULTIPLE FIBONACCI LEVELS. IN DAILY CHART WEDGE FORMATION HAS FAILED AND MOVED OUT OF IT SO NO RELIABLE PATTERN SEEMS TO BE IN PLACE.

CONCLUSION: NIFTY IS IN NO TRADE ZONE NOW.

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

2. RELIANCE INDUSTRIES: LAST CLOSE – 1911.70 . TARGET JUST SHORT BY 30 PAISA. THE TRADE HAS DELIVERED 6.94% ABSOLUTE PROFIT & 1.73% ON ASSET ALLOCATION BASIS. TRADE CLOSED.

THE APPEARANCE OF A POWER CANDLE WHICH IS ALMOST LIKE A DOJI IN WEEKLY CHARTS AND PATTERN SYMMETRY INDICATES THAT FOR MINOR TIMEFRAME RISK REWARD NOT IN FAVOUR OF A LONG SIDE TRADE.

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

3. BPCL: LAST CLOSE – 443.80. RECOMMENDED PRICE – 384.40. ASSUMING 50% OF THE POSITION WAS CLOSED AT FIRST TARGET IT HAS DELIVERED AN ABSOLUTE PROFIT OF 15.45% FROM RECOMMENDED PRICE. REMANINING POSITION HOLD WITH STOP LOSS OF 420.0. TARGET 1 – 430.0 (ACHIEVED) TARGET 2 – 467.

THE TRADE PROFIT TILL DATE ON THE TRADE BASED ON ASSET ALLOCATION – 3.01%

MINIMUM PROFIT POTENTIAL – NA. LEVERAGE – 0.10X

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

4. USD – INR: LAST CLOSE – 75.07. RECOMMENDED PRICE- 74.84. IT IS AT A LOSS OF 0.30% 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.

5. GOLD: LAST CLOSE – 48967 (MCX PRICE). RECOMMENDED PRICE- 48878. CONTINUE TO HOLD LONG POSITION.

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

IT IS AT AN ABSOLUTE PROFIT OF 0.18% AS OF NOW.

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

6. ADANI PORT : LAST CLOSE- 313.0. RECOMMENDED PRICE – 334.95. SHORTING HAS DELIVERED AN ABSOLUTE PROFIT OF 5.35% & ASSET ALLOCATION BASED PROFIT OF 0.80% . TRADE CLOSED.

7. HINDALCO: LAST CLOSE- 162.15. RECOMMENDED PRICE – 163.7. HOLD LONG POSITION WITH STOP LOSS AT 156.90. TARGET 1- 189.95. TRADE IS AT ABSOLUTE LOSS OF 0.95% FROM RECOMMENDED PRICE.

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

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

8. ONGC: LAST CLOSE- 80.355. RECOMMENDED PRICE – 78.55. SHORT RECOMMENDATION TRADE CLOSED & LOSS BOOKED AS PER SYSTEM INDICATION.

TRADE DELIVERED AN ABSOLUTE LOSS OF 2.29% FROM RECOMMENDED PRICE & LOSS OF 0.57% BASED ON ASSET ALLOCATION (0.25X)

9. SBI: LAST CLOSE- 188.20. RECOMMENDED PRICE – 195.60. LONG STOP LOSS TRIGGERED AT 188.40 ON LONG SIDE SIDE TRADE WITH ABSOLUTE LOSS OF 3.68% AND ASSET ALLOCATION BASED LOSS OF 0.55%, TRADE CLOSED.

NEW TRADE RECOMMENDATIONS

1. TATA STEEL : LAST CLOSE – 350.95. GO LONG WITH STOP LOSS AT 331.55.

TARGET 1 – 362.0 TARGET 2 – 385. THERE IS A GOOD PROBABILITY OF TARGET 2 BEING ACHIEVED.

MINIMUM PROFIT POTENTIAL – 3.14%, LEVERAGE – 0.20X

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.2X

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES : 0.62%

TIME WINDOW OF TRADES : 7 DAYS TO 30 DAYS ( EXCEPT GOLD 180 DAYS)

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 1.25X

PROFIT / LOSS TILL DATE BASED ON ALL TRADES BASED ON ASSET ALLOCATION: 4.92%

PERIOD IN WHICH ABOVE RESULT WAS ACHIEVED: 12 DAYS