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ca.krishna
White Belt
Joined: 17 Sep 2013
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Post: #796  Posted: Wed May 16, 2018 4:26 pm Post subject: |
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| SwingTrader wrote: | | singh.ravee wrote: | | SwingTrader wrote: | | Market indexes too clearly indicate poor breadth. Only NIFTY is up in the last two weeks, CNX500, CNXMIDCAP & CNXSMALLCAP are all down. |
Sir,
GM and greetings !
Can you pls share how many min trading sessions are required for breadth to improve.
Pls share your observation
Regards
ravee |
Very difficult to predict that. For long term the long term breadth is obviously very important but that takes lot of time to turn positive. I keep a close eye on medium term as it gives quicker picture but it still lags. Even the medium term breadth could lag as much as 3-4 weeks, especially when market turns bullish. The medium term is lot faster and sometimes even leads market declines. |
Hi ST,
What is the level of medium and long term indicator after today's closing.. I hope medium would have also come down below 0. Long term was already below 0.
Thanks |
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singh.ravee
Yellow Belt
Joined: 12 Aug 2010
Posts: 678
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| Post: #797 Posted: Wed May 16, 2018 6:29 pm Post subject: |
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| SwingTrader wrote: |
Very difficult to predict that. For long term the long term breadth is obviously very important but that takes lot of time to turn positive. I keep a close eye on medium term as it gives quicker picture but it still lags. Even the medium term breadth could lag as much as 3-4 weeks, especially when market turns bullish. The medium term is lot faster and sometimes even leads market declines. |
many thanks sir  |
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SwingTrader
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Location: Hyderabad, India
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| Post: #798 Posted: Sat May 19, 2018 10:04 am Post subject: |
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NSE Market Breadth Oscillator as on 18.05.2018
The deterioration in breadth continues but this week largecaps also declined. They were holding well until 11th / last friday whereas mid/small had declined significantly since end of last month.
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Srikanth Kurdukar
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #799 Posted: Sat May 19, 2018 8:09 pm Post subject: |
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| Great..! now it's clear we will go much further down and your charts certainly gave the clue in advance. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #800 Posted: Tue May 22, 2018 8:20 am Post subject: |
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| Sun08 wrote: | | Sun08 wrote: | | Sun08 wrote: | ....
I think we will have to wait till after 17/4. till friday the 13th I am bullish as of now. |
Till 13th it went fine. near eod yesterday, I got the feel that it may react so have closed my longs near EOD. will watch today's move and decide. |
today was as expected. now to see how far it goes. I guess worst case 10300. monthly (27/04) close above 10300 must to go long again. |
13th turned out to be highest close. let's see how low it goes but I feel market breadth and sentiment should improve soon. If not, then pain for some more months. |
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SwingTrader
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| Post: #801 Posted: Tue May 22, 2018 6:59 pm Post subject: |
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| apka wrote: | | Great..! now it's clear we will go much further down and your charts certainly gave the clue in advance. |
hmm....looks like that. One question....do you invest for long term? If yes, how are you approaching it at the moment?
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Srikanth Kurdukar
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SwingTrader
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| Post: #802 Posted: Tue May 22, 2018 7:02 pm Post subject: |
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| Sun08 wrote: |
...
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13th turned out to be highest close. let's see how low it goes but I feel market breadth and sentiment should improve soon. If not, then pain for some more months. |
For many stocks it looks like more pain is yet to come. I would be comfortable if largecaps correct a bit too. If not price correction, atleast time correction.
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Srikanth Kurdukar
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SwingTrader
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| Post: #803 Posted: Tue May 22, 2018 7:26 pm Post subject: |
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NSE Breadth Oscillator as on 22nd May 2018
Breadth continues to be very negative...
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Srikanth Kurdukar
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Sun08
White Belt
Joined: 21 Aug 2017
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| Post: #804 Posted: Tue May 22, 2018 8:19 pm Post subject: |
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| SwingTrader wrote: | | For many stocks it looks like more pain is yet to come. I would be comfortable if largecaps correct a bit too. If not price correction, atleast time correction. |
very true but I feel while large caps will tank, many mid/small caps will make a bottom soon. Not confident though. |
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apka
Black Belt
Joined: 13 Dec 2011
Posts: 6137
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| Post: #805 Posted: Wed May 23, 2018 5:38 pm Post subject: |
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| SwingTrader wrote: | | apka wrote: | | Great..! now it's clear we will go much further down and your charts certainly gave the clue in advance. |
hmm....looks like that. One question....do you invest for long term? If yes, how are you approaching it at the moment? |
Good question... Sorry for the late reply, was busy watching the market  ... Sometimes the price is not right, sometimes the amount I want to invest from my side is short...
So I have made a strategy for myself, i.e., whatever trading profit I earn, if the amount is small then I purchase stocks which I like + Bluechip... qty 1-10 whatever I can with the entire profit same day... If the profit is more than avg i buy more qtys on that day or withdraw some. This way I don't panic that I am at a loss. Because I didn't put my own source of income to invest. Maybe if market falls 20-25% then i'll invest from my own.
My target is to keep making daily profit in trading and keep accumulating atleast 2-3 qtys of any scrips I keep a watch on for long term and not bother about the price fluctuations. This way, I can end up with decent qtys in a year or 2 without doing investment from my income sources.
For this.. I am keeping a horizon of 10-15-20 years in mind with the assumption market will be much better than today, so not worried about price changes right now. |
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #806 Posted: Fri May 25, 2018 11:43 am Post subject: |
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| ST, pl post market breadth, particularly mid/small caps if possible, after EOD data. |
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SwingTrader
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Joined: 11 Aug 2006
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Location: Hyderabad, India
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| Post: #807 Posted: Fri May 25, 2018 7:33 pm Post subject: |
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| apka wrote: | | SwingTrader wrote: | | apka wrote: | | Great..! now it's clear we will go much further down and your charts certainly gave the clue in advance. |
hmm....looks like that. One question....do you invest for long term? If yes, how are you approaching it at the moment? |
Good question... Sorry for the late reply, was busy watching the market ... Sometimes the price is not right, sometimes the amount I want to invest from my side is short...
So I have made a strategy for myself, i.e., whatever trading profit I earn, if the amount is small then I purchase stocks which I like + Bluechip... qty 1-10 whatever I can with the entire profit same day... If the profit is more than avg i buy more qtys on that day or withdraw some. This way I don't panic that I am at a loss. Because I didn't put my own source of income to invest. Maybe if market falls 20-25% then i'll invest from my own.
My target is to keep making daily profit in trading and keep accumulating atleast 2-3 qtys of any scrips I keep a watch on for long term and not bother about the price fluctuations. This way, I can end up with decent qtys in a year or 2 without doing investment from my income sources.
For this.. I am keeping a horizon of 10-15-20 years in mind with the assumption market will be much better than today, so not worried about price changes right now. |
Thanks for the reply.
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Srikanth Kurdukar
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SwingTrader
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| Post: #808 Posted: Fri May 25, 2018 7:34 pm Post subject: |
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| Sun08 wrote: | | ST, pl post market breadth, particularly mid/small caps if possible, after EOD data. |
Yes, this is long pending. I need to build data for this. I will see what I can do.
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Srikanth Kurdukar
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SwingTrader
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| Post: #809 Posted: Fri May 25, 2018 7:38 pm Post subject: |
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NSE Breadth Oscillator as on 25th May 2018
This is for the whole market (all NSE stocks). I will see if I can compute data post largecap & mid/small cap separately.
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Srikanth Kurdukar
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Sun08
White Belt
Joined: 21 Aug 2017
Posts: 478
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| Post: #810 Posted: Fri May 25, 2018 8:26 pm Post subject: |
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| SwingTrader wrote: | NSE Breadth Oscillator as on 25th May 2018
This is for the whole market (all NSE stocks). I will see if I can compute data post largecap & mid/small cap separately. |
tks |
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