vishwas pandey

  One of the best stock screening filters for finding growth stocks are the parameters of the CAN SLIM Investing System that was created by William J. O’Neil. These parameters were quantified by his study of the fundamental company metrics of the largest winning stocks in the history of the U.S. stock market going back over 130 years. The stocks that historically met these guidelines were the ones that eventually created the majority of the Alpha in the stock market over the long term during bull market cycles. He looked for the fundamentals that companies in the first stages of big growth cycles possesed.  The CAN SLIM Investing System looks for specific fundamental measurements of a company’s strength of earnings and sales along with its growth rate. It also considers more discretionary company filters like innovative products or business models along with good management.  A CAN SLIM fundamental filter is a great place to start if you are looking to build a w...

  Chart patterns   are visual representations of the behaviors of buyers and sellers around different price levels. Chart patterns are bullish when a chart is making higher highs and higher lows, they are bearish when they are making lower highs and lower lows, and range bound when they have defined support and resistance levels and no trend.  Trading chart patterns  is primarily momentum trading where a breakout of an existing pattern is the signal to enter a trade. Technical traders use the breakout of an existing trendline in a pattern to establish an entry point. After they are in, then a trade is managed to maximize a gain or minimize a loss to create a good risk/reward ratio. Chart patterns can signal breakouts, reversals, and continuations of current price action. Trading chart patterns step by step: Identify a pattern on a chart based on the parameters of price action. (The  chart pattern cheat sheet  below can be used as a guide). In a bullish char...

  Jim Simons   is one of the most successful hedge fund managers in history. He is a trained mathematician and quantitative trader and the founder of Renaissance Technologies. His hedge fund specializes in diversified system trading using individual quantitative models derived from statistical analyses of historical price data. His primary models are on pattern recognition. Jim Simons was a mathematics professor from 1968 to 1978, and chair of the mathematics department at Stony Brook University. He started in the hedge fund industry in 1982. His net worth is currently approximately $23.5 billion. His Renaissance Technologies flagship Medallion fund is one of the best performing funds in history in both magnitude and duration of compounding returns on capital. How good is his fund at making money? They had to close the Medallion fund to outside investors due to compounding the capital under management to such a size they had trouble scaling the signals on markets that could no...

  Reading price action  is the art and science of trading by understanding the interaction of buyers and sellers as measured by prices on a chart. Many pure price action traders remove all technical indicators from their charts and trade price alone. Some consider price action trading the purest form of technical trading and technical indicators as just derivatives of price. Many traders prefer to use price action alone for their trading decisions.  Reading the price action on a chart can allow a trader to see several things. Key price levels of price support.  Key price levels of price resistance.  Higher highs and higher lows defining an uptrend. Lower highs and lower lows defining a downtrend.  Trend lines are used to define the vertical and horizontal support and resistance areas for price action on a chart. Many chart patterns are built by looking at price action and defining a breakout from these zones.  Chart patterns can signal breakouts, rever...

  US markets closed higher on Friday. But they closed much lower form intraday high. Over the weekend, Pelosi has set Tuesday as deadline for Stimulus talks. So hopes are reviving again on Stimulus front. So Asian markets are higher. SGX Nifty is up nearly 80 points. That is a big gap up. China data is mixed. Retail sales was up but GDP data is below street expectation. For last two trading sessions, both FIIs and DIIs were net sellers. IT stocks fell despite good results. Reliance broke 2200. These are negative news. On positive side, we have better Global cues. FIIs in F&O seems to have more longs than shorts. Since IT stocks and Reliance fell on back of news flow, we can say that had news has already factored in. For last few months, there were many sell offs. Intraday falls were very severe, on August 31, Nifty fell 450 points intraday. But after few weeks that day's high crossed. If we go by that, Nifty should cross 12000 sooner or later. We need to see how HDFC Bank react...

  US markets closed lower. When our markets closed here yesterday, Dow future was down more than 300 points. But Dow recovered most of the losses to close just 20 points lower. Asian markets are mixed. We must remember, problem started after European market opened, by that time East Asian markets are closed. So East Asian markets did not react negatively yesterday for Europe lockdown fear, US Stimulus problem. Indian markets were OK until 1 pm and markets fell drastically after 1 pm only. Yesterday's market was similar to Sep 24. Even HDFC Bank fell Rs 50 and that is too much. This is a profit booking ahead of results. MindTree came with good results, profit up 88%. But it was under trading ban, so could not take position. HCL Tech is likely to report its results today morning. Sometimes they declare before market hours and sometimes after market hours. I have not taken any position. I just did 860 short straddle in one of my friend's account. But IV has come down already. FIIs...

·         Us Markets Ended Higher on Monday. Nasdaq Hit fresh all time high. ·         Asian markets and US market fell suddenly at 6:45 AM ·         US official mentioned in a tv interview that US china trade deal is over it means there would be no trade deals now, which market has take huge negative ,impacting us market ,this will be key driver today. ·         US market and Asian market reacted negatively ·         SGX nifty fell more than 100 points , there is again a tough nut ,which will time for markets to digest. ·         Later Trump said china deal is still not over, it is intact, I don’ts know what kind of secret games do they play with each one has contradictory roles. ·         Immediately US markets and Asian Mark...

New weekly series Commencement: Nifty bank Nifty Outlook Broadly it looks market has to be in range of following. *NIFTY* - 10091.65 Resistance: 10175.6-10279.2-10454.5 Support: 9896.7-9721.4-9617.8 *BANKNIFTY* - 20956.3 Resistance: 21266-21619.4-22263.8 India VIX has started moving higher from last five consecutive sessions and moved above 33 levels. However, it is still moving below its major hurdle of 41-43 zone. Further rise in volatility index may result into roller-coaster move in the market. Currently, PCR of Nifty stood at 1.23 and Options data suggests trading range in between 9500 to 10150 zones in coming days. SGX Nifty is down by 40, 50 points. Yesterday the shrt covering rally came. Day before yesterday, in the last one hour Nifty fell 150 points as PM speech was largely misinterpreted. Yesterday PM spoke about Economy. Then markets reversed. Reliance hit all time high once again. Banking stocks out perf...

NIFTY* - 9881.15 Resistance: 9959-10063.4-10137.9 Support: 9780.1-9705.6-9601.2 *BANKNIFTY* - 20201.75 Resistance: 20539.7-20931.9-21243.3 Support: 19836.1-19524.7-19132.5 US markets ended mixed. Dow and S&P 500 were trading in Green in the afternoon and fell in the last one hour. Markets all over the world are highly volatile. Just two days before, many Asian markets were up by 4 to 5%. This is a tug of war between Optimism due to Stimulus and Pessimism due to Corona. Yesterday our markets were trading well until PM spoke in TV. PM said, soldiers sacrification will go waste. People assumed that India may retaliate. Suddenly Nifty future fell nearly 150 points. Now due to Global cues, down another 70 points. But as I said earlier, India can not handle China as it handles Pakistan. Pakistan supports terrorism in Kashmir region indirectly. But China does not support Terrorism. Even i...