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Jesus said, "Except ye eat the flesh of the Son of man, and drink his blood, ye have no life in you," (John 6:53).

20 Oct 2019


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.

10 Oct 2019

STOCK MARKET--What is your schedule as a successful day trader?

Successful is more of a subjective term and relative. For some trader merely being positive at the end of the day,even if its INR 50 would be success while for some it could be consistently making gains each week. For me with respect to day trading (which I do rarely) , it means making a living out of it and able to afford things which salaried people think twice before buying.
So,now what's the typical schedule of such traders who achieve these milestones? Is it like the once we see in hollywood flicks : insane, parties till late night,hangover etc ? Nopes — Real life is different from reel life.
Based on my observations made after hanging out with 1000s of successful traders,I am pointing out a schedule which more or less each of them follow. So, if you wish to be one of those legends,you can take some insights from here.
1.       Waking up : Mostly these traders wake around 6.30-7.30. Yes markets would open around 9 am but they still wake up and finish the following tasks : Brushing teeth,answering nature's call,excercising/yoga,taking bath,reading financial news to get a grasp of all what happened in the night,watch financial news,tracking volume stocks etc. All this goes on till 9 am.
2.       9-9.30 — By this time the trader has done his homework and knows about important events,global cues and pre opening tick gives him some insights. Last evening he has done his research and sees if the handpicked stocks are showing similar action. Till 9.30 the trader is ready to take action.
3.       9.30-1.00 pm — This becomes the pivotal time when the day trader utilisises all his skills,systems to pick up stocks,trades and exits when required. Action is at peak till 12 o clock,and starts fading till 1 pm. Hence the trader makes best use of this time.
4.       1–2.30 pm — Mostly boring with negligible action except for news based scripts. This is the time where the trader simply tracks and preferably has his lunch while his eyes are hooked up to the screen. Since he is a day trader,he cant skip any pulse of the market. In case his positions are open,he would postpon the lunch after market hours. If there are no positions open then the trader can take some ocassional breaks here too.
5.       2.30-3.30 — Another action packed hour where the trader winds up existing positions before 3 pm, takes a few quick momentum trades before 3.15. This is sometimes very profitable for the trader and also helps the day trader to pick up stocks to keep in track for the next day.
6.       3.30-6.00 pm — Ocassional breaks,some lesuire activities and simultaneous research on active stocks for the next dat is counducted during this time. This is another crucial time where the trader decides which stocks to buy/sell next day,what action the trader missed,mistakes the trader did and the goals he achieved. A pro meticulously sees all his trades and derives to conclusions.
7.       Post 6.30– Its personal and me time with ocassional checks to global markets. With there cell phones they get imp live feeds and notifications and since they are day traders,they need not to worry about the ovenight positions. Hence, they dont check global markets as often as other traders do in the evening.
8.       10.30-11 — It is the time to hit the sack.
I hope now you know what is the typical schedule of a day trader.