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LORD JESUS CHRIST SAYS

In the same way, let your light shine before others, that they may see your good deeds and glorify your Father in heaven. Matthew 5:16

12 Nov 2019

STOCK MARKET-What is the best intraday tips app for an Indian stock market?-

I am going to share my experience in 

intraday trading.
  1. Start with minimum amount of 500 rupees. yes ryt 500 rupees!!With 500 one can buy 48 of 50 NIFTY-50 shares using margin(assuming the margin to be 15.2X) .
  2. Reduce no of trades as more you trade more you pay brokerage to the broker. Try to control your emotions while trading. I know it is very hard to control the emotions. But you should. Market has no emotion so you should treat the market the very same way.
  3. There is no “favorite stock “ in the marke. Every share is not for your profit. Find the trending stocks . You can get trending stock news in news apps like ET and MONEY CONTROL.
  4. Never heed to TV technical analysis as many are manipulative.
  5. Try not to enter the market as soon as the market opens on 9.15 A.M. Wait till the pre-market volatility settles.
  6. Never try Future and Options when you are beginner to the market. Practice with 500 rupees till you get enough confidence that you are ready to take risk.
  7. Better to trade in NSE stocks mainly NIFTY-50 stocks. One can find buyers and sellers for every point. NSE charges are lower than BSE.
  8. Try to learn about indicators yourself. There are so many good youtube channels educating about technical analysis for free. Never fall prey to advisory companies .
  9. There is nothing called 100% working strategy . Learn more and study about various technical indicators and apply which you feel better never heed to others . Make your own strategy. You can risk mere 500 rupees to learn. Even if you are wiped out of your 500 rupees there is something you need to learn from the mistake. Rectify that mistake and again enter the market.
  10. Use broker with the lowest brokerage. As of now Zerodha ,Upstocks and many discount brokers are offering 0.001% brokerage.
ALL THE BEST
Never expect only profit from the market. Despite losses , end of the month you should try to come out in profits.

20 Oct 2019

STOCK MARKET-- PLASE READ THE FORUM REVIEW/CONSIDER FOR DIWALI 2019 PICK-



Reliance Nippon Life Asset Management:(Price Rs.267/-) Reliance Nippon Life Asset Management Company is one of the largest AMCs in India with MF assets under management (AUM) AUM of Rs 2.3 lakh as of March 2019. The company has a total AUM of Rs.4.3 lakh crore, which has grown at an 18 percent CAGR in the last 10 years. Of all the financial savings products, mutual funds are the most under-penetrated in India with an AUM/GDP of 12 percent, against a global average of 55 percent, the brokerage said. However, there has been a rise in the proportion of mutual funds as an investment option from 1.4 percent in FY12 to 2.9 percent in FY16, which may benefit the firm.

The Competition Commission of India (CCI) has given approval to Nippon Life Insurance to acquire up to 75% stake in Reliance Nippon Life Asset Management (RNAM).

In May, Reliance Capital had said it will exit the mutual fund business by selling its stake in RNAM to its joint venture partner Japan's Nippon Life Insurance.


Nippon Life Insurance Company (Nippon) has additionally acquired 6.48 crore equity shares of Reliance Nippon Life Asset Management, representing 10.59% of the total issued and paid up equity share capital of the Company.

Pursuant to such acquisition, Nippon now holds 32.72 crore equity shares representing 53.46% of the total issued and paid up equity share capital of the Company.
Reliance Nippon Life Asset Management acts as an adviser to India-focussed equity funds and fixed-income funds in Japan and South Korea. It also manages offshore funds through its subsidiaries in Singapore and Mauritius, catering to investors across Asia, the US and Europe.


Nippon Life Insurance has increased its stake in Reliance Nippon Life Asset Management (RNAM) to 54 percent, with the closure of open offer. The open offer was part of the stake sale process. Nippon Life floated open offer to acquire nearly 22.49 percent stake in RNAM for Rs 3,179 crore under a deal with Reliance Capital which is exiting the mutual funds business.

Good stock for portfolio holding minimum 10 years. Fundamental Analysis: 1) comparing the valuation it`s very cheap then it`s peers especially with HDFC AMC. Which gives room for price appreciation. 2) NIPPON has taken complete control ADAG is out. 3) Promoters faith on top leadership Mr. Sitka. 4) AMC market will only grow due to lower penetration for atleast next 10-15 years. 5) Variety of new products will be launched.



Why buy – Nippon Life Insurance Japan now controls 75% of company, strategy of the company is to focus on leadership in the retail segment, and very strong distribution network.Name may be changed as NIPPON INDIA MUTAL FUND.

15 Oct 2019

STOCK MARKET --TECHNICALS-What is RSI - Relative Strength Index?



RSI is a momentum oscillator indicator which means it tracks the recent rate of rise or fall in the stock price movement based on the recent close prices. It is calculated using the following formula:
RSI = 100 - 100/(1 + RS*)
*Where RS = relative strength = (Average of Gains over recent trading period)/ (Average of Losses over same trading period) Gain/Loss = Difference of current close over previous close.
The default time frame to measure RSI is 14 periods. However the same can be lowered or raised to increase or decrease sensitivity. RSI varies between 0 to 100 and the stock is considered overbought when RSI is above 70 or oversold when RSI is below 30. RSI is used to identify oversold and overbought stocks, direction of the trend and thereby trend reversals. Different researchers have come out with various ways to interpret RSI.
Some of the popular ones are as below:
1.   When RSI crosses 30 from bottom, it indicates bullish confirmation signal and when it crosses 70 from top, it indicates bearish confirmation signal.
2.   RSI tends to vary between 40 to 80 in bullish market and 40-50 zones act as support and pullback into RSI (40-50 zone) is buy signal.
3.   RSI tends to vary between 20 to 60 in bearish market and 50-60 zones act as resistance and entry into RSI (40-50 zone) is sell signal.
4.   Positive Reversal - When stock makes higher low and RSI makes lower low (not necessarily in oversold zone but could be in 30-50 zone), it signals despite weaker momentum, stock did not make a lower low and therefore shows underlying strength and signals buy.
5.   Negative Reversal - When stock makes lower high and RSI makes higher high (not necessarily in overbought zone but could be in 50-70 zone), it signals despite stronger momentum, stock did not make a higher high and therefore shows underlying weakness and signals sell.
6.   Bullish Divergence - When stock makes lower low and RSI makes higher low (with earlier RSI low preferably in oversold zone), thus RSI fails to confirm price movement signalling reversal and thereby it signals buy.
7.   Bearish Divergence - When stock makes higher high and RSI makes lower high (with earlier RSI high preferably in overbought zone), thus RSI fails to confirm price movement signalling reversal and thereby it signals sell.
8.   Bullish Failure Swing - When RSI moves below 30, then bounces back above 30 and then pulls back but holds above 30 and then breaks its prior high, it signals buy.
9.   Bearish Failure Swing - When RSI moves above 70, then pulls back below 70 and then bounces back but fails to move above 70 and then breaks its prior low, it signals sell.
Note: Divergences are found to only lead to brief reversals and therefore to be used with caution. RSI can give wrong signals in very strong trends. So, RSI is best used along with other indicators.