Shabbir KayyumiLast week, the index breached the low of the prior week on Monday itself, but it made a strong retracement as the week progressed, which suggests the continued domination of bulls. The index has formed a long body bullish candlestick pattern on the weekly timeframe, and the overall structure looks promising.The Nifty is trading higher above all popular moving averages (20/50/100/200) DMA, indicating a strong bullish bias to continue further. At the same time formation of Golden Crossover of 50*200 DMA last month indicates strong price action in favour of bulls in ahead.Close A lot of activity in the FNO segment is seen, whereas the highest Open Interest (OI) in Put is around 12,000 strikes, followed by 11,900 strikes; whereas maximum Open Interest (OI) in Call is around 12,200 level, followed by 12,300 strikes that suggest that the trading range for the month is between the 11,800 and 12,300 mark.Shabbir KayyumiHead of Technical & Derivative Research|Narnolia … [Read more...] about Strong bullish bias to continue; bet on these 3 stocks with 11-15% upside
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Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Bharat Bond ETF, the initiative of the Department of Investment and Public Asset Management (DIPAM) of the government, was launched on December 12.The government had announced plans for debt ETFs in Budget 2019. The ETF has a duration of 3 years maturing in 2023 with a yield return of 6.69 percent and another duration of 7 years maturing in 2030 with a yield return of 7.58 percent. Both will be listed on NSE and BSE.Stressing on the appeal factor of 3-year and 7-year duration, Deepak Jasani Head Retail Research, HDFC Securities said, "Returns of this 3-year variant could be compared to Banking and PSU debt funds that have an average maturity of 2-4 years and a similar portfolio holding. Longer duration variant (10-years) would naturally bear high duration risk and can be considered by informed investors who want to take high duration bets."Close This ETF is managed by Edelweiss Mutual Fund. So the fund is called Edelweiss BHARAT Bond ETF, and the fund will invest in the bonds … [Read more...] about Mutual funds wrap: Bharat Bond ETF NFO open until December 20; Will retail investors bite?
Double Your Income series: Put into motion cause that leads to wealth-creation effect
I could scarcely believe my eyes. I hadn't seen anything like that before. The number literally jumped off the page.Even my CEO was caught by surprise.You see, we are part of an international network of financial publishers. We keep track of what our peers from across the world are doing. Especially, the number of orders they get daily.Close We are used to seeing them sell 1,000 to 1,200 subscriptions per day on the day of a new launch. However, what I saw from one of the international colleagues that day was truly extraordinary. related news Double Your Income series: What kind of returns should you expect? Double Your Income series: Growth or value? What can make you richer in this bull market They had managed to sell a whopping 20,000 subscriptions of a new launch in one day flat. Effectively, they had outperformed the group average by a factor of 20x.Just to put things in perspective, you are a healthy business if you sell 10k to 15k subscriptions for the entire year.And … [Read more...] about Double Your Income series: Put into motion cause that leads to wealth-creation effect
Double Your Income series: What kind of returns should you expect?
Let's face it.Most of us drag ourselves to work every morning just to pay our bills. We would happily opt out of this rat race if we could create an additional income stream.An income stream that exceeds or even matches our current salary. The goal of Double Income is to try and turn this wish into reality through a smart market beating strategy.Close In simple words, my aim with Double Income is to provide the strategy to grow the investment corpus of my subscribers to a size where it could potentially generate the same income annually as their monthly income. related news Double Your Income series: Put into motion cause that leads to wealth-creation effect Double Your Income series: Growth or value? What can make you richer in this bull market This won’t happen overnight but over a period of a few years, with a well-defined strategy. I’m confident it will. The idea is to set aside 20% of one’s monthly income. This 20% is then can be invested in the Double … [Read more...] about Double Your Income series: What kind of returns should you expect?
Nooruddin Fidai | Creating magic out of moving averages
Shishir AsthanaLeonardo Da Vinci’s words, ‘Simplicity is the ultimate sophistication’ rings as true for trading as it does for other fields.However, many technical analysts and traders in the market complicate their recommendations or strategies by using multiple indicators and jargons to impress fellow traders and novices.Close Moving averages are the simplest overlays on a price chart, and give a clear picture of the price movement. Yet it is often ignored by technical analysts and ‘experts’ because of the number of loss-making trade it generates. related news Asit Baran Pati | An options buyer journey to financial freedom What to look forward to at this year's Traders Carnival How Vishal Mehta undertook a journey from discretionary to system trading for consistent gains Nooruddin Fidai (@nsfidai) however has made a career successfully trading moving averages.When Fidai rose to speak at the Investors Carnival in Goa after a … [Read more...] about Nooruddin Fidai | Creating magic out of moving averages