Charts for the Day

How can I calculate the beta value of stocks ? Is this available on some website ?

Anilji, a small query. What source do you use for historical intraday data?

Actually I'm looking for historical data for 60min/240min, wherein I want to test how one can trade on Daily charts, but enter on lower time frames...for which intraday data is required.

At present I use sharekhan, but it shows on past 30days data.

Yes sharekhan provides limited data...you can use tradingview its free...or else subscribe the data..i prefer tradingview & TTiger...

Nifty is in uptrend but lacking the fire it needed to chase higher. With traditional technical analysis follower like us, having fewer tools to deal with, i am trying my best analysis possible. As nifty is in HH-HL formation no doubt we are in uptrend. The trendlines are also pointing up in intermediate term. The short term picture is what cautioning us right now. The trendline resistance coming up repeatedly and nifty is just lacking needed volumes to takeover the same.

I am taking help of my only tool the momentum indicator. Momentum reading are not in best on conditions as of now. Short term giving persisten -ve divergences while, long term flattening so for me its better to be cautious going allover at this levels in nifty.

Looking at midcap & smallcap charts is loosing the fuel to move higher. I for one feeling the pullback here must be fast one. So be on alert in this space. The momentum is almost trying to pulled down.

Sector wise, Realty is one where the relative performance on intermediate term is going poor, so cautious in this space. IT, Metal, Tech showing some bouncing signs. Banking is one where the momentum is rolling over to downside.

We are expecting this one...but market has its own way of timing everything...

Lets see where this midcap - smallcap space ends...BTW smallcap didnt mark its high yesterday when nifty mark highs...so smallcap diverge first here...from a broad based rally...

Exited few positions today, feeling itchy since morning...Not i am in profit in those ones but sitting on no profit-no loss in some of them...so exited them...feeling relax now... & the story is i had left 6% profit in them...when mkt was up i didnt booked out...But i know when trade goes right they rise like anything...

Taking few losses is ok than taking a hit below belt...learned in a hard way...

AnilJi,

Hats Off to you ........ :thumb::thumb:

What an spot on and accurate analysis ...... :clapping::clapping::clapping:

After carefully reading you post and charts ...... during this weekend ...

I exited all my Mid Cap /small cap stocks today morning itself ......

By EOD all the stocks I exited today ...... some in good Profit /some at break-even / some in marginal loss/ some in not so marginal loss .......

Those stock went further down till EOD by 25K Rs (in terms of portfolio value) ........ You saved me from this 25K notional loss in my portfolio .....

And yes ..... as you said ...... feeling relaxed now ....

....... God Bless you man! ...... Keep it up!

Maybe the downward momentum of this pullback is not over yet ....... it may continue for a couple of days ......

When do you think we my get opportunity for Bottom Fishing .... ??

Anilji I was asking about metastock. Which data source do you use ?