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Morning Sectoral Glance - This saves me from errors quite often Generally traders and investors follow every morning- news, analysis, research reports & opinions I am slightly different that i ignore almost all macro, TV news - unless it is stock specific, material (like earnings or M&A) - during trading cycles. These are the things that have kept me out of trouble Sector Analysis - Having all the sectors up on either Tradingview or Trendlyne (which i love btw) 3 Rower Philosophy - What is my stock, its sector and the overall Market doing? (Courtsey William O Neil - who I consider to be the greatest stock teacher ever) Look at things in context to the news - the biggest setups come when the stocks are doing something different from the overall news Just listening to Nifty analysis, news, what XYZ is saying etc has lost me a lot of money. I think the current process I follow now is far better and objective. Please comment or share if you like this - please feel free to suggest any topics as well! PS - the objective of this channel is to learn and share, and not a commercial venture for me
NSE:CNXFMCGEducation
by kunal_finner
6
NIFTY MAY HAVE OTHER IDEASThe bull run we are witnessing may be wave 4 of the downward rally in Nifty. In that case, we may expect a collapse from here. Currently nifty is trading close to 18100 which corresponds to 0.618 levels of the downward Elliot wave. This level should be a stiff resistance for nifty. Next week market may open with a gap up and can get sold into. Day closing above 18100 will nullify this view. Based on Fibonacci extensions wave 5 can take nifty to 16500 levels by June end.
NSE:NIFTYShort
by Stock-Holmes
6
Upcoming Features on Dhan - AMJ 2023Hello Everyone, Firstly, we hope all of you are doing well and are excited about Investing & Trading for the new Financial Year 2023-24. We are excited for the coming times, and with you, we continue to ensure that Dhan gets better every day. For our incredible user experience and awesome customer service that Dhan is focussed on, the start of 2023 has been exciting for all of us. Jan, Feb, and March of 2023 have been great months as we continue to see the highest number of Traders & Investors on Dhan across all our platforms. We continue to build and ship things that matter to Traders & Investors and as always, your feedback, suggestions, and support help us build Dhan for you. We continue with our tradition of building Dhan with our users - Super Traders and Long Term investors. Here is the list of things that we are building now and expect to launch in AMJ 2023. 1. Strategy Builder and Pre-Built Strategies for Commodity & Currency Traders Dhan continues to witness a surge in commodity and currency traders - in the past month Commodity trades have grown > 10X and Currency trades have grown > 5X on Dhan. We doubled our commodity trades and traders in the last month, one of the reasons for this growth has been the incredible commodity trading experience we provide for Commodities 5, and we aim to take that further with the most requested feature by Commodity Traders on Dhan - Custom Strategy Builder and Pre-Built Strategies in Commodity and Currency Segment. This will be first made available on the Options Trader on the Web platform. 2. Mutual Fund Investments on Dhan We have been working on this for a very long and are glad to inform our users that Mutual Fund Investments will soon be made available in private beta. We have finished building over 80% of this product and now are in the last phase of development where we are ensuring we provide a seamless and best-in-class experience for our users. Dhan will offer zero-commission Direct Mutual Funds to its users and at launch will be feature packed with everything that you could expect from a Mutual Fund investing platform. 3. Option Trading on TradingView.com Many traders prefer to do their studies, analysis, research, indicators and signals on TradingView which is one of our favorite products as well. Dhan lets users trade directly from TradingView.com 2 and also is the only Stock Trading platform in India that provides Free Webhooks for Order Execution 9. While Options data is not available on TradingView, we are working towards making Options Trading super simple for our Super Traders. While we are behind schedule on this, we will soon launch Webhooks as a newer Order type, making it super simpler for our users to trade in Options (and any segment) directly based on your studies on TradingView. This will be launched on the Dhan Web platform. PS: Also in case you missed it, TradingView has awarded Dhan as one of the most Reliable Technology Brokers 5 across the world… Yay! 4. Trade Directly from TradingView Apps (iOS and Android) Dhan is the first stockbroking platform in India to enable direct trading on TradingView.com 2 with its Connect through Trade Panel, later we extended this functionality to the TradingView app on iOS and very soon will be made available on TradingView’s Android App as well. Over 38,000 Super Traders on Dhan 1 have now connected their Dhan account with TradingView - all of them will soon be able to trade from their TradingView apps as well. 5. Trading Notes on Dhan Trading may be easy, but making money from trading is not! We have interacted with many disciplined traders and based on our interactions have enhanced the journey of Super Traders on Dhan with Trader’s Diary 2 and Trader Controls 2. Very soon, we will introduce Trading Notes - where you will be able to add simple notes to every trade you make. Your Trading Notes will also be visible in your Trader’s Diary and Past Trades. Be a better & disciplined trader and manage your Risk while trading, only with Dhan! 6. Flash Trader on Dhan Web Option Buyers already love using the Flash Trader 12 that we recently introduced on the Dhan app. We intend to extend this feature on Dhan Web as well, and eventually also bring this to Options Trader App and Web. Flash Trader helps traders quickly discover and trade in contracts that have the Highest Volumes, Highest Open Interest, and also are At-The-Money (ATM) on both Bullish or Bearish views. 7. Unified Login across all Web Platforms Dhan currently operates three different web platforms - Dhan Web (web.dhan.co), TradingView console on Dhan (tv.dhan.co 2) and Options Trader Web (ot.dhan.co 6). We noticed that there is a significant overlap between users on our web platforms, and to make it further seamless and convenient for our users we will introduce a Unified Login across all Web Platforms. 8. Updating Primary Bank Account In our priorities for the year 2023 we mentioned that we want to ensure all requests our Traders and Investors have should be made digital. With that thought process, we earlier introduced updating of Email Address, Mobile Number 2 and Nominations online 1, continuing with the same in this quarter we plan to introduce the functionality to Update Primary Bank Account as well to Dhan. 9. Glass Version: Options Trader App We introduced our first release for 2023 - Dhan App Glass Version 18 and our Super Traders and Investors simply love it. We now aim to extend the same incredible Glass experience to Options Trader app and along with that also bring new features and capabilities to the Options Trader app 3. We will speak in detail more when we launch this - Option Traders would love this! 10. Enhanced Option Chain on Dhan Option Traders love the real-time Option Chain experience 3 on Dhan and we have continued to improve the experience over the period with feedback and suggestions from our users. We also extended it across all platforms, including bringing an Advanced Option Chain 7 and also integrating it directly on Dhan’s TradingView console 5. We will introduce an enhanced version of Options Chain soon, which will be lighter, and faster and along with highlight some incredible insights for you on the Options Chain itself. 11. Enhanced Referral Experience on Dhan One of the key reasons we are able to grow every month is simple - Word of Mouth. We speak with many of our users and know that they were introduced to Dhan by their friends and family. That aside, we have an incredible Referral program where our users get 20% of all brokerage generated by their friends whom they refer to Dhan - this is for a lifetime and users can withdraw the referral reward directly to their Bank Account! We recently introduced QR for fast & easy referral to Dhan, and we are working to make the overall Referral experience even better than today. 12. Delivery Volumes for Stocks Over the past few months, we are witnessing more and more Intraday Trades in the Cash segment along with positional Swing Traders, many of whom today are using the Margin Trading Facility where Dhan offers up to 4X margin benefit on up to 950+ stocks. For short-term traders, Dhan does provide Technicals along with Technical Orders and more recently launched Forever Orders on Equity 1 enabled on top of DDPI 2 - another first one in the Stock Broking industry from Dhan. We are now considering enabling delivery volumes for such short-term traders and investors to track delivery v/s intraday trading volumes across all stocks. 13. Upcoming Corporate Actions We introduced Corporate Actions 1 sometime back and it is already a very popular feature on Dhan along with Dividend Tracking 2 for Investors and Real-Time News 2. Some of our users had requested for introducing upcoming Corporate Actions and we expect to bring this on Dhan in a few weeks. We believe this should benefit a lot of Investors as well as Swing Traders on Dhan. 14. Market Feeds APIs We know we are running behind schedule on this and there is a reason for the same - we want the Market Feeds APIs to be super fast. We internally are in the final stages of testing a new broadcast system that is visibly faster than the existing one on Dhan also what industry standards are. Dhan’s SuperFast Trading APIs are now consumed by over 500+ API-based traders for order execution, and also by 50+ partners including the likes of TradingView, Smallcase, Tata Capital, GoCharting, and many more. We will introduce Market Feed APIs for all API-based traders and Algo Traders in our suite of Dhan HQ SuperFast Trading APIs 3. 15. Updated Baskets Experience It’s been a while since Dhan introduced Baskets across all our platforms - App, Web, and TradingView. With newer enhancements to our web platform (web.dhan.co) and deeper integrations on our Options Trader on the web platform (ot.dhan.co 6) - we have noticed an uptick in the usage of Baskets on Dhan. We aim to simplify the baskets experience from the existing ones and post that introduce more capabilities for Traders. 16. Statements Previews on the App & Web Over the past few months, we have introduced multiple enhancements across Dhan to improve all statements experience - this includes the recent Quicko integration for tax filing 2, the introduction of Trader’s Diary 2 as Journal, and more. We continue to work further on this, and also introduce statement previews on App & Web in the coming weeks - this will be over and above the email-based statements we presently have on Dhan. 17. Scaling our Systems and Underlying Tech & Infrastructure In the past year, Dhan has grown > 25X times in terms of transactions processed and 2X in just the past 45 days. We now have over 500+ API-based traders who are trading directly on top of DhanHQ SuperFast Trading APIs, and large traders who are executing over 100+ trades/day and some even doing over 1000+ trades/day. Our DhanHQ Super-fast trading APIs are consumed by over 50+ partners in multiple domains - a few of the partners are featured here. To support this scale and growth, we are changing the way our systems (Apps and Web Trading platforms) are handling and processing these large orders & high volume trades and at the same time - also ensuring our underlying APIs and technology infrastructure are scaling up to seamlessly process everything at a lightning-fast speed. Is that all - definitely no! There is more that is happening under the radar at Dhan and all of us are working towards ensuring we bring to you Lightning-Fast Investing & Trading experience every day and at all times. Keep Investing & Trading on Dhan, and help us build an incredible platform for you. Thank you, Pravin Jadhav Founder & CEO - Dhan
NSE:NIFTY
by Dhan
4
Schaff Trend Cycle (STC) : Everything you need to knowEver felt curious about the forces that shape market movements? Let us introduce you to the Schaff Trend cycle, a user-friendly tool designed to reveal the market's natural ups and downs. Created by Doug Schaff in the 1990s, this helpful indicator is built on the idea that market trends follow repeating patterns of highs and lows or cycles. Imagine the Schaff Trend Cycle as a blend of the popular Moving Average Convergence Divergence (MACD) line combined with a modified algorithm and smoothed out for easier interpretation. This powerful mix allows traders to see the direction of a trend cycle and identify the likely high and low points within it. This way, you can spot the best moments to enter or exit trades, helping you to make the most of your investments. How to Calculate the Schaff Trend Cycle? The formula of Schaff and Trend Cycle is: - Schaff and Trend Cycle = 100 x (MACD – %K (MACD) / (%D (MACD) – %K (MACD) - The Schaff Trend Cycle (STC) indicator is calculated in three steps as follows: Step 1: Calculation of the MACD Calculate the 23-period Exponential Moving Average (EMA) of the price's midpoint (i.e., the average of the high and low prices). Calculate the 50-period EMA of the price's midpoint. Subtract the 23-period EMA from the 50-period EMA to get the MACD Step 2: Calculation of the MACD signal Calculate the 10-period EMA of the MACD calculated in step 1. Step 3: Calculation of the Schaff Trend Cycle Calculate the Schaff Trend Cycle (STC) by subtracting the 10-period EMA of the MACD signal calculated in step 2 from the MACD itself. Multiply the result by a constant factor of 0.5, add 0.5 to the result, and multiply the final value by 100. The resulting STC value oscillates between 0 and 100, with values above 50 indicating a bullish trend and values below 50 indicating a bearish trend. Traders can use the STC indicator to identify trends, determine entry and exit points, and set stop-loss orders. Interpreting the Schaff Trend Cycle Indicator Looking to understand market trends and gain an edge in trading? Let's dive into the Schaff Trend Cycle Indicator, a user-friendly tool that can help even beginners make sense of market ups and downs. This indicator simplifies price movements and uses a line between 25 and 75 to give you insights into market trends. Here's what you need to know about the Schaff Trend Cycle Indicator: Crossing the 25 lines: When the indicator crosses above the 25 lines, it suggests that the market is in an uptrend. Crossing the 75 lines: If the indicator crosses the 75 lines, it shows that the trend is gaining strength, whether it's going up or down. Above 75 or below 25: When the indicator is above 75, it signals that the market is overbought, and when it's below 25, it indicates oversold conditions. It is easier to make smarter decisions about when to buy or sell the market when you understand these signals. The Schaff Trend Cycle Indicator can be a great addition to your trading toolkit, helping you navigate the market with ease and confidence. Above is an example of how the Shaff Trend Cycle indicator looks on the Adani Enterprises chart. Conclusion The Schaff Trend Cycle (STC) Indicator can be seen as a leading or lagging indicator, depending on one's perspective. Essentially, the STC aims to identify trends just before or as they occur, making it a potential leading indicator. However, the trading signals generated by the STC may sometimes be delayed, which also makes it a lagging indicator. We hope you find this information helpful regarding the Schaff Trend Cycle Indicator. We usually post about trading and investing on blog.dhan.co (be sure to check it out). Let us know what topic we should write about next. Until then, happy trading!
NSE:INFY
by Dhan
Nifty.. Bounceback tomorrow...Elliot wave analysis. The impulse waves are completed on the downside. Waves 1 and 5 were equal in length, and wave 3 ran 1.68 times wave 1. Today we saw corrective wave B, approximately 0.78 times wave A in nifty, 0.618 times in Finnifty, and 0.5 times in bank nifty. All these waves correlate well with Fibonacci levels. A decent C wave correction can retrace between 0.38 to 0.618 length of the impulse wave. Expecting a gap-up opening and 17600 as the first target and 17700 as a second target in Nifty.
NSE:NIFTYLong
by Stock-Holmes
2