General Trading Chat

[timepass]

I will give you five stocks which are throwing up now as top options for tomorrow - which one would you choose based on prediction...


Stock Rank,Sharpe,LastVal,Close,Aggressive Forecast, Conservative Foeracst,Stable Forecast, P/E ,Volatility, Short if Market Up, Short if Market Down
1 Sadbhav Engineering 3.10, 0.03, 186, 178 , 219, 215, 232, 150.95, 2.72, 232, 215
2 Aditya Birla Fashion 2.69, 1.61, 203, 202, 209, 204, 211, 48.93, 2.22, 211, 204
3 Praj Industries 2.69, 1.38, 129, 126, 132, 130, 136, 34.62, 3.39, 136, 130
4 Bata India 2.50, 2.13, 1360, 1357, 1405, 1362, 1406 , , 1.80 , 1405, 1362
5 BEL 2.47, 0.38, 103.3, 103, 110, 106.5 , 110, 13.34, 2.79, 110, 106.5

Ok. I'll keep an eye on BEL tomorrow.

I read it as follows "BEL is trading at 103, is likely to move up to 106.5, 110. Stoploss as per the trader's appetite".

Does that read right ?

 

[timepass]

The PSU banks are getting it bad..

https://www.ndtv.com/business/after...-sind-bank-reports-rs-238-crore-fraud-2071202

Punjab & Sind Bank Reports Rs. 238-Crore Fraud
Earlier this month, Punjab National Bank (PNB) said it had reported a borrowing fraud of Rs. 3,805 crore in Bhushan Power's account
Banking & Financial Services | Thomson Reuters | Updated: July 17, 2019 19:14 IST

State-run Punjab & Sind Bank (PSB) said on Wednesday it has reported a Rs.238 crore ($34.58 million) fraud to the country's central bank, relating to allegations of diversion of funds by the indebted Bhushan Power & Steel.

Earlier this month, Punjab National Bank (PNB) said it had reported a borrowing fraud of Rs.3,805 crore in Bhushan Power's account to the Reserve Bank of India (RBI).

Both these banks are among a host of financial creditors who have claimed a collective Rs.47,303 crore from Bhushan Power, which the RBI referred to a bankruptcy court in 2017.

It has been observed that the company has misappropriated bank funds, manipulated books of accounts to raise funds from the consortium of lenders, New-Delhi based PSB said in a statement on Wednesday.

The case is currently at the country's company law tribunal and the bank expects good recovery, it said.

 

[Arindam Bhattacharjee]

Ok. I'll keep an eye on BEL tomorrow.

I read it as follows "BEL is trading at 103, is likely to move up to 106.5, 110. Stoploss as per the trader's appetite".

Does that read right ?

Yes

But why did you chose BEL....Given Praj has shown higher volatility
But now NIFTY shows to swing from 11612 - 11628.
Though it will start with a bang....
so if it goes down - which stock is safe

 

[timepass]

Yes

But why did you chose BEL....Given Praj has shown higher volatility
But now NIFTY shows to swing from 11612 - 11628.
Though it will start with a bang....
so if it goes down - which stock is safe

BEL is already in my market watch.

 

[timepass]

Bad news for FMCG companies :

Nielsen India lowers 2019 FMCG industry growth to 9-10% from 11-12%

https://www.moneycontrol.com/news/b...dustry-growth-to-9-10-from-11-12-4215591.html

 

[Arindam Bhattacharjee]

Guys
These are the stocks my model has pointed out to be good stocks to invest today. This is 9:00AM values
https://docs.google.com/spreadsheets/d/1n2ZtPgvDmW5BnHXVVioaZd4r6Wln1PLfXnoPz2NfJVc/edit?usp=sharing

Now some traders tell me if they can use this information to day trading

Though market seems to go down may be after initial rise....

 

[marimuthu13]

Guys
These are the stocks my model has pointed out to be good stocks to invest today. This is 9:00AM values
https://docs.google.com/spreadsheets/d/1n2ZtPgvDmW5BnHXVVioaZd4r6Wln1PLfXnoPz2NfJVc/edit?usp=sharing

Now some traders tell me if they can use this information to day trading

Though market seems to go down may be after initial rise....

targets are very wide it seems...around 7-10 % target

 

[timepass]

Opening bell... and Yesbank is the hero of the day already

 

[Arindam Bhattacharjee]

targets are very wide it seems...around 7-10 % target

That's what you need to understand, those are not targets - those are tendencies....
And when I say, 231.22-226.47, this is not range....231.22 is the weighted sum Y of prediction that I explained like y = (w1X1 + w2X2 +w3X3)/ (w1+w2+w3) while 226.47 is just y = w1X1 + w2X2 + w3X3

Don't confuse it with range of stock trading....Aggresive forecast is the tendency of the stock to go if the market conditions prevail...It might happen in a day's time or may take months...
These forecasts are right only if there are a lot of people trading in the stocks - then you will get significance values.
But if few people are trading - it has a bias...
And this is why, I use other filters like Sharpe and market capital to filter out the best stocks for the day...

 

[timepass]

That's what you need to understand, those are not targets - those are tendencies....
And when I say, 231.22-226.47, this is not range....231.22 is the weighted sum Y of prediction that I explained like y = (w1X1 + w2X2 +w3X3)/ (w1+w2+w3) while 226.47 is just y = w1X1 + w2X2 + w3X3

Don't confuse it with range of stock trading....Aggresive forecast is the tendency of the stock to go if the market conditions prevail...It might happen in a day's time or may take months...
These forecasts are right only if there are a lot of people trading in the stocks - then you will get significance values.
But if few people are trading - it has a bias...
And this is why, I use other filters like Sharpe and market capital to filter out the best stocks for the day...

Just a sec. If these are the predictions without a particular time frame defined, "it might happen in a day's time or my take months...", then how come these are filtered as "best stocks for the day" ??

Somehow the traders need clearer perspective.