QUANT SYSTEM TRADE UPDATE - 30.01.22

From the desk of Capt.D.Ganesh Raja

Dear Friends,

Markets did fall sharply last week and few of the recommendations have triggered stop loss. During an expected volatile phase watching with daily charts help but since we are seeing for a little longer timeframe we have to wait for a few days and take a hit with stop losses once in a while.

Technically speaking markets are extremely oversold and might see a feeble bounce, so people who can stomach risk can wait and exit at a little higher price. Since I will be onboard ship and cannot update, to pin point exits would be difficult for me.

I will wrap this up quickly since I had to board a ship on short notice and also my research of various parameters is not complete.

For the recommendations given on 24.12.21 & 17.01.22 please be advised as follows:

1) Nifty triggered stop loss on 28.01.22 at 17101.5

2) Infosys triggered stop loss on 21.01.22 at 1785.70

3) Reliance Industries stop loss triggered on 28.01.22 at 2335.85.

4) Hold Tata Motors, Mahindra & Mahindra, Hindalco, Action Construction & Indian Hotels.

No change in views as far Gold is concerned, continue holding long positions.

A word of caution here, markets might be changing gear so do not attempt to build aggressive long positions thinking that you are buying value. It is time to be a bit cautious again. I hope I can give a comprehensive view in coming weeks once I am ashore again.

RETURNS TILL DATE SINCE 04.07.20 : 51.11% (AS OF FRIDAY 28.01.22 CLOSING)

TRADE RECOMMENDATION LOG.pdf

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