QUANT SYSTEM TRADE RECOMMENDATION 26.07.2020

FROM THE DESK OF CAPT. D.GANESH RAJA:

EXISTING TRADE RECOMMENDATION OVERVIEW

1. NIFTY : LAST CLOSE – 11194.15 . NIFTY HAS CONTINUED ITS UPTREND NEGATING THE WEDGE PATTERN. SERIES OF SMALL BODY CANDLE INDICATES INDECISIVENESS AND A DIP TILL 11000 LEVELS SEEMS LIKELY. SHORT SIDE TRADES CAN ONLY BE DONE USING INTRADAY CHARTS / SYSTEMS HENCE NOT RECOMMENDED.

CONCLUSION: NIFTY IS IN NO TRADE ZONE NOW.

MINOR TREND : UP INTERMEDIATE TREND : UP VERGE LONG TERM TREND : DOWN WITH BOTTOMING

OUT INDICATIONS.

2. USD – INR: LAST CLOSE – 75.07. RECOMMENDED PRICE- 74.86. IT IS ALMOST AT THE SAME LEVEL 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.

3. 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 4.41% AS OF NOW.

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

4. HINDALCO: LAST CLOSE- 162.15. RECOMMENDED PRICE – 163.7. LONG RECOMMENDATION TRADE CLOSED & LOSS BOOKED AS PER SYSTEM INDICATION. STOP LOSS WAS AT 156.90 BUT SYSTEM GAVE AN EXIT MID WEEK ON 21.07.20 AT 160.0 RESULTING IN ABSOLUTE LOSS OF 1.32% FROM RECOMMENDED PRICE AND ASSET ALLOCATION BASED LOSS OF 0.2%. TRADE CLOSED.

5. TATA STEEL : LAST CLOSE – 346.10. RECOMMENDED PRICE – 350.95 CONTINUE TO HOLD LONG POSITION WITH STOP LOSS AT 331.55. AT THE MOMENT AT AN ABSOLUTE LOSS OF 1.38% FROM RECOMMENDED PRICE AND ASSET ALLOCATION LOSS OF 0.27%.

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

NEW TRADE RECOMMENDATIONS

1. DLF: LAST CLOSE – 138.90. GO SHORT AROUND THIS PRICE WITH STOP LOSS AT 143.10.

TARGET 1 – 133.63 TARGET 2 – 126.55 , LEVERAGE – 0.1X

MINIMUM PROFIT POTENTIAL – 2.38%. THERE IS A GOOD PROBABILITY OF TARGET 2 BEING ACHIEVED.

2. GRASIM: LAST CLOSE – 582.70. GO SHORT AROUND THIS PRICE WITH STOP LOSS AT 616.50.

TARGET 1 – 570.0, TARGET 2 – 550.0 , LEVERAGE – 0.1X

MINIMUM PROFIT POTENTIAL – 2.17%.

TOTAL LEVERAGE OF ABOVE NEW TRADE RECOMMENDATIONS: 0.2X

COMBINED PROFIT POTENTIAL FOR ABOVE TRADES : 0.46%

TIME WINDOW OF TRADES : 7 DAYS TO 30 DAYS

TOTAL LEVERAGE INCLUDING UNCLOSED POSITIONS AS PER PREVIOUS RECOMMENDATION: 0.85X

PROFIT / LOSS TILL DATE BASED ON ALL TRADES BASED ON ASSET ALLOCATION: 5.76%

PERIOD IN WHICH ABOVE RESULT WAS ACHIEVED: 21 DAYS