QUANT SYSTEM TRADE UPDATE - 29.07.21

From the desk of Capt. D. Ganesh Raja

Dear Friends,

I thought of updating all during course of the week, since volatile movement is continuing. For stocks & assets not discussed in this post, please continue to refer the last weekend post.

In the weekend post I had recommended to short Nifty on bounce till 15920-15960 levels but the bounce was till 15983.35 only, falling short by 26.65 points. System game short entry on 26.07.21 at 1300 Hrs at 15856.60 but to be fair and eliminating intraday system use, the short entry as per Quant system can be taken at 15824.35, the closing price on 26.07.21. There is hardly any profit as of now in this trade but I would recommend to hold this trade with stop loss at 16050.0. I have adjusted the TRADE RECOMMENEDATION LOG accordingly.

CIPLA: As of today’s close, of 883.10 system gave an exit giving an absolute profit of 7.73% and trade recommendation closed.

NEW TRADE RECOMMENDATION

1. L&T: LAST CLOSE AS ON 29.07.21– 1596.0. System gave a buy signal at these levels with stop loss at 1560.04.

Target1 – 1675.0, Target 2 – NA, Leverage 0.20x.

Minimum profit potential – 4.9%. Asset allocation profit potential – 1.0%.

Minor trend: Up, Intermediate trend – Up, Long term trend – Up.

2. EICHER MOTORS: LAST CLOSE AS ON 29.07.21 – 2528.15. System gave a sell signal at these levels with stop loss at 2600.00.

Target1 – 2450.0, Target 2 – NA, Leverage 0.10x.

Minimum profit potential – 3.1%. Asset allocation profit potential – 0.30%.

Minor trend: Down, Intermediate trend – Neutral, Long term trend – Neutral with downward bias.