QUANT SYSTEM TRADE RECOMMENDATION - 19.09.21

From the desk of Capt.D.Ganesh Raja

Dear Friends,

The markets have been cruising along and I did not see any reason to tweak the stocks recommended unnecessarily. In Nifty weekly chart we are at symmetrical swing levels. In the daily chart, there is a possibility of correction but there aren’t multiple indications to that.

When a trend is in progress and the positions held are making money there is nothing much to discuss.

Quarterly numbers season is coming soon and it might throw up some surprises in individual stocks.

The 10-year Government security index is also has been rallying, which is generally a leading indicator. Spike in VIX at 15 levels is a blip on the radar but it is not an alarming rise as of now. It has been at the lower end of the band for past several months.

In the US markets the DJIA and DJ Transportation index is showing divergence and not in sync. DJIA itself facing weakness at upper levels. The system its indicating a short in DJIA for now at these levels of 34584. Multiple filters in my system are indicating a short, unless market action proves otherwise

Also, Evergrande crisis in China might be another factor to watch closely. Whether these combined factors affect our market is to be seen, but no guesswork here. We will cross the bride when we come to it.

In the stocks which have been recommended, BPCL has triggered stop loss on 16.09.21 and Infosys has given a system exit on 17.09.21. Rest all the recommendations including Nifty are still valid and continue to hold positions.

I will closely watch and update as we enter into a crucial phase.

The attached TRADE RECOMMENDATION SHEET has details of the trades, hence not elaborating in the blog.

RETURNS TILL DATE SINCE 04.07.20 : 57.1%

TRADE RECOMMENDATION LOG.pdf

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