About meEx Hedge Fund Trader. I manage an India absolute return fund and also own a property management tech firm in India (thefinner.com). Like to share ideas, exchange thoughts here. Feel free to message me.
Pre earnings run in Bharti likely given that last results were better than expected (headlines were muted). Given that it is an widely held FII stock, caution is warranted right on results, but if its an earnings run then one can keep it till then (also technicals are extremely bullish for the stock)
Great results yesterday that beat the estimates handsomly. The stock reacted positively (although the float isnt very high). Still awaiting analyst call but
Caters to mid tier banks and FI globally - this is a niche segment not fully explored by large IT firms
Their product is in vogue these days - low code enterprise (and niche as well)
The technical picture is obviously very strong here and institutional buying is evident in the volumes. On the fundamental side
Company has 4Xed profitability over the past quarter with record increase in footfalls. its a unique company and the only listed amusement play in India
Expansion into other Southern cities continues and capital is available
Stock rallying after a cut down to the 50 DMA.
Fundamentals and earnings are quite supportive - managed to grow margins on an increasing sales topline. It is currently under owned by institutions and not very extensively followed either. Breaking out of a consolidation, pattern on volumes
Confluence - Earnings, sales, technicals, volumes and sentiment
I explored a few stats that made me re think whether it made any sense to buy nifty futures, options. Here were a few (well shocking for me) statistics
CNX 500 has outperformed Nifty on an absolute basis for long periods of time
Bank Nifty has performed even worse than the Nifty - buying that is a losing game
Why? I dont know - maybe diversification , low...
Markets are weak in general. DXY going up, Asian markets going down. However the global scenario changes on a dime these days - and China has been a train wreck in slow motion for months if not years.
Indian equities still the place to be - might make sense to stick to strong names. I like LTTS because
Strong results - mid cap IT name unlike the Infy, TCS...
Markets are a bit soft - so putting on small position makes sense. However there is a huge confluence of factors for IDFC (including MSCI inclusion) - wait for markets to turn and this could be first out of the gate
Watch the video to see key reasons why - please feel free to post comments / diasagreements etc
Looking at 4 reasons why we are just out of the first powerplay in Bharti
The move from 800 to 900 took about 2 months. Generally stocks trend for 3-6 months
The street is still underweight Bharti (because of Jio) - this result could see it cross 900
This stock has moved from a stock market makers used to love (with IV < 15%) to one where IV > 21% - thats...
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...
Relatively new company with eye watering earnings, revenue acceleration. Probably a few more quarters as they have strong tailwinds for them. Global distribution, data driven, tech company. Catering to the travel sector which is growing.
PE, valuation will look very expensive on a relative basis. However with growth rates this high, conventional valuation...
The picture is self explanatory - keep in mind results coming up. BEL results were good and the sector is doing well. It should have rallied yesterday but was kept down by call sellers (below 3900 strike). Market is kind of soft right now but long term bull market is still intact, so please be cautious.
Disclaimer - 95% of traders lose money to the top 5% of...
The picture is self explanatory
Recommend - Buy ITM Calls, Stock or sell put credit spreads (depending on your risk appetite)
Disclaimer - Trading stocks is risky & 95% of traders as per SEBI statistics lose money - with 60% losing most of their capital in 12 months. So, the odds are stacked against anyone trying to make a living in the markets. All the ideas...
Classic exhaustion signs in leading Auto stocks - TVS, Bajaj Auto, Tatamotors. Move to better sectors. Great results and sell off indicate one thing - mutual fund managers have been expecting good results and selling them right after results.
Move to other sectors, mid cap names - leading stocks look exhausted
Wait for another base to be formed - but stay...
8 week flag in progress. Getting beaten back from 1360 every time
Waiting for earning? Be ready to jump on if earnings are beaten - stock will cross 1400
If earnings disappoint then be ready for sell down and settling around previous base of 1200
Disclaimer - 95% of derivatives trades in India lose money, as per SEBI stats. That means just 5% of the traders take...
Here are the key things to see in this setup - and why its picture perfect
Volatility compression before launch from 1000 - classic Minervini style VCP
Higher volumes on the push off from 1000
Momentum on daily turning positive
Earning coming up- obviously people in the know are in
Relentless buying above 1020 - absolutely no pull backs
Go long with...
Syngene has been a star performer in the F&O space. I personally had this position on and sold off near 750. Now it gave shakeout down to 735 and seems to be setting up again. Risks to consider if looking at the stock
Earnings coming up - should be good, but a risk always
Overall pharma sector looking good & breaking upwards which is positive
960 is upon us again. ICICI Bank has a number of factors lined up this time. However there is one missing piece that i would like to see fall into place to confirm this breakout
Several breakouts in ICICI Bank have failed in the last 12 months. This time maybe different
Other banks like Axis, PNB are moving strongly, so a move in ICICI Bank was expected