Sunday, August 18, 2019

FINANCIAL SUPPORT TO BOOST THE ECONOMY...

27*2*8*19 WK
5*9*819
WK
13*16*819
WK
MARKET MOVED, LAST WEEK
1195
1183
1183
NIFTY BEES HIGH HAS NOT CROSSED PREVIOUS BUT LOW INCREASED
1144
1142
1155
LIKELY TO MOVE UP AS 3 WEEK CONSOLIDATION HAPPENED
51
41
28
THE RANGE IS  MAINTAINED DESPITE 3 DAY   ACTION
3035
2923
2917
BANK BEES  HIGHS AND LOWS ARE NOT TAKEN UP
2835
2803
2829
BUT CONSOLIDATION CAN BE SEEN
200
120
88

11311
11181
11146
NIFTY HAS TO  CROSS 11150 TO TOUCH 11230-50 RANGE
10849
10783
10902
LOW SHALL NOT FALL BELOW 10850
462
398
244

29593
28603
28358
STRUGGLING TO CROSS 28500
27936
27389
27658
UNLESS CROSS 28900 BANK NIFTY IN BEAR GRIP
1657
1214
700


THE QE/FINANCIAL  SUPPORT TO BOOST THE ECONOMY IS ON THE CARDS. THE BUDGET PROPOSALS HAS DENTED THE MARKETS TO THEIR 1st POSSIBLE LOWS.

Now markets likely to be in the range AS index MOVERS ARE IN CONSOLIDATION MODE, RELIANCE WILL BE IN A RANGE/FALL,  as AUTOs πŸš—πŸ›ΊπŸšŒπŸπŸ›΅to move up and IT COUNTERS MAY SEEK LOWER LEVELS.

US AND EUROPE MARKETS ARE LIKELY TO FALL/CONSOLIDATE AS NO BIG POSITIVE TRIGGERS ARE NOT VISIBLE.

The metals may see consolidation with 5% downward risk but the future is very bright for JSW, JSPL and Tata steel.

OVERALL MARKETS WILL BE ON THE MOVE TO CROSS 1460-80-1530 RANGE IN DAYS TO COME, SO BE ON THE LONG SIDE TO AVOID BIG MISTAKES.🎈😎

Monday, August 12, 2019

LEARNINGS FROM MISTAKES....

May be there won't be an end to committing mistakes in markets so long one trade...

FEW QUOTES TO OBSERVE 

VENI VICI VIDI  in Latin phrase "I came, saw conquered"  first used and & popularised by Julius Caesar 

The King of Macedonia " Alexander the Great" said

"There is nothing impossible to him who will try".
"I am indebted to my father for living, but to my teacher for living well".

Here one can observe that both the cases display the valour, the commitment with courage and determination to achieve along with attributing respect to persons contributed to their achievements.

Trading is no less than a war, many times one may lose some deals but ultimately what matters is SUCCESS and the money taken home.

Now the effort is to document everyday trade process and the learnings.

For more than 4 weeks, trying to list out the approach strategies for betterment, taking insights from the mistake.

During the process, developed 5 TICKS Formula for SUCCESS IN STOCK MARKETS

1. TRADE LIKE AN OPERATOR ✔

2 INITIATE POSITIONS LIKE A PROFESSIONAL πŸ‘Œ

3 COVER POSITIONS LIKE AN EXPERT πŸ‘

4 KNOCK THE SCRIP (COUNTER) LIKE A CHAMPION πŸŽ†

5 STUDY THE SCRIP LIKE A GENIUSπŸ’•


WEEKLY UPDATE:05-08-19 TO 09-08-19


thanks to Chart ink- 3 yrs weekly chart


Indian indices first time after 3rd June NIFTY Top @  12103+

THEN THERE WAS A CLEAR NEGATIVE DIVERGENCE ON WEEKLY CHART ADDED WEIGHT ON THE DOWNSIDE TO TOUCH A LOW OF 10783 DURING THIS WEEK.

Now the positive sign is that the white candle has covered more than 80% of previous week range

Previous week Fall (Red candle) was 11311 to 10849 a fall range of  462 points

Current week (White candle) a rise from 10783 to 11181 range of  points 398 points

weekly average is @ 10966 and the closing base @ 10987

while the Nifty closed @11110 

The whole market is in the bear grip but the lower level bounce can be a short-term up move for lower-level consolidation. 

Sunday, September 3, 2017

Narendra Modi’s $87 billion river-linking project set to take off as floods hit India

After years of foot-dragging, the govt plans to begin work on an $87 billion scheme to connect nearly 60 rivers in the country as Narendra Modi bets on the project to end deadly floods, droughts

Mayank Bhardwaj

Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought Mumbai to a standstill this week. The Tamil Nadu, in contrast, recently rationed drinking water due to drought. Photo: PTI
Daudhan: After years of foot-dragging India will begin work in around a month on an $87 billion scheme to connect some of the country’s biggest rivers, government sources say, as Prime Minister Narendra Modi bets on the ambitious project to end deadly floods and droughts.
The mammoth plan entails linking nearly 60 rivers, including the mighty Ganges, which the government hopes will cut farmers’ dependence on fickle monsoon rains by bringing millions of hectares of cultivatable land under irrigation.
In recent weeks, some parts of India and neighbouring Bangladesh and Nepal have been hit by the worst monsoon floods in years, following two years of poor rainfall.
Modi has personally pushed through clearances for the first phase of the project — which would also generate thousands of megawatts of electricity — the sources say, despite opposition from environmentalists, tiger lovers and a former royal family.
That will involve construction of a dam on the Ken river, also known as the Karnavati, in north-central India and a 22-km (14-mile) canal connecting it to the shallow Betwa.
Both rivers flow through vast swathes of Uttar Pradesh and Madhya Pradesh states, ruled by Modi’s Bharatiya Janata Party (BJP), and the prime minister hopes the Ken-Betwa scheme will set a template for other proposed river interlinking projects, one of the sources said.
“We have got clearances in record time, with the last round of clearances coming in only this year,” Sanjeev Balyan, the junior water resources minister, told Reuters. “The Ken-Betwa interlinking tops the priority list of the government.”
Government officials say diverting water from bounteous rivers such as the Ganges, Godavari and Mahanadi to sparse waterways by building a clutch of dams and a network of canals is the only solution to floods and droughts.
But some experts say India would be better off investing in water conservation and better farm practices. Environmentalists and wildlife enthusiasts have also warned of ecological damage.
BJP states first
The 425-km (265-mile) Ken flows through a tiger reserve nestled in a verdant valley. The government plans to clear out 6.5% of the forest reserve to build the dam, relocating nearly 2,000 families from 10 remote villages.
Around half a dozen clearances, including on environmental and forest protection, have been obtained for the scheme to link the Ken and Betwa, according to two sources and documents seen by Reuters.
Modi’s cabinet is likely to give its final go-ahead for the project within a couple of weeks, sources say, after which he will flag off construction at the site about 805 km (500 miles) from New Delhi, currently marked only by rows of red concrete slabs placed on the ground.
The government is also finishing up paperwork on projects in western India linking the Par-Tapi with the Narmada and the Daman Ganga with the Pinjal. The projects involve Modi’s home state of Gujarat and neighbouring Maharashtra, which includes Mumbai, both also ruled by the BJP.
The river-linking projects was first proposed in 2002 by the last BJP-led government. Work stalled because state governments sparred over water sharing contracts and clearances got stuck in India’s notoriously ponderous bureaucracy.
This time, officials hope starting with projects that are all in BJP-ruled states will smooth negotiations.
Modi’s government is touting the linking of rivers as a panacea to the floods and droughts that plague India every year, killing hundreds of poor people and withering crops.
Large areas of eastern and north-eastern India are reeling under floods in which hundreds have died, while torrential rain also brought the commercial capital Mumbai to a standstill this week. The southern state of Tamil Nadu, in contrast, recently rationed drinking water due to drought.
Not everyone is convinced the projects should be the priority, however.
“Theoretically we can’t find fault with the plan,” said Ashok Gulati, a farm economist who has advised governments. “But spending billions of dollars in a country which wastes more water than it produces, it makes more sense to first focus on water conservation.”
India, which has 18% of the world’s population but only 4% of the usable water resources, perversely gives incentives to produce and export thirsty crops such as rice and sugar cane.
Tigers, vultures and canyons
The proposed 77-metre high (250-ft), 2-km long dam on the Ken River will submerge 9,000 hectares of mostly forest land. A big portion will come from the Panna Tiger Reserve, near the UNESCO world heritage site of Khajuraho Temple in Madhya Pradesh.
The forest reserve, a major tourist attraction, is home to 30-35 tigers and nearly 500 vultures.
“Building a dam in a reserve forest is an invitation to a grave environmental disaster,” said Shyamendra Singh, the scion of the Maharajas who ruled a princely state near Panna during the British colonial era. “It will lead to floods in the forest and drought in the downstream.”
Authorities say they have planned for the safety of tigers and vultures.
People in Daudhan village, not very far from the Gangau dam built by the British in 1915, are ambivalent. With no access to electricity and other basic services, they want more information on what they will get in return for being displaced.
“We never got to see electricity in our village,” said village elder Munna Yadav, gesticulating towards the Ken flowing a few metres from his thatched cottage. “If our children get to move out of this area and if the dam benefits everyone, we’ll not oppose it.” Reuters