Saturday, January 23, 2016

What is Traders Carnival ?

Traders Carnival is a gathering of traders who have a passion to learn more on the subject and also share what they have learnt over the years.

Traders Carnival is the brainchild of DJ as he is known among friends (@ra1nb0w on Twitter). I have been involved with Traders Carnival right from the first year, and DJ calls me Hitler - always playing a Devil's advocate to his crazy brainwaves.

Without going too much in the history which you can very well read on the website, here is my view of how and what people can gain from this event.

Firstly, ALL the speakers are humble selfless persons, and none of them are paid for speaking at the event; not even their travelling costs. All the speakers have spent many years in the market and have seen all ups and downs that a trader goes through. It will not be wrong to say that all of them have been humbled by the market at some point in their career, and they know very well who is the BOSS --the market. 

They have learnt this the hard way, since the time internet itself was not so common (and fast). All of them would agree that had there been such an event in their initial years, much of their miseries would have been reduced.

One might argue that with the advent of the internet, twitter, blogs, webinars, it is easier to learn about the stock market online. Yes and NO....a BIG NO, for the simple reason that during the Traders Carnival, all participants and speakers stay at the same venue throughout the event, and the process of sharing ideas goes on right from the time everyone arrives, till they depart (with a heavy heart). The learning process is enhanced much more when you meet people and it goes on throughout the event.

For me, this sharing of ideas and networking is the biggest advantage given by Traders Carnival.

Most of the traders carry these friendships well beyond the event, and keep in touch on a regular basis in the future sharing their studies of various charts and potential trading strategies and trade ideas.

No wonder there are a few participants who have attended ALL TC events, and others who have attended more than one, and keep looking forward to the next event.

Traders who like to retire early in the evening will find it tough, since sometimes the sessions go on till past midnight and even after that participants get together in small groups in someone's room and discuss maybe till 2am-3am.

For the entire duration, every participant, eats, drinks, breathes and oh yes, even sleeps with fellow traders (rooms are on twin sharing basis -- to clarify !!)

For me, the highlight out of all the 4 events so far, was an interactive session which was held in TC 2014, Goa, on the subject - 'Pros and Cons of being a full time trader'...it was a real eye opener, and the session is going to be repeated this year too.


For more details, contact the Event Organiser directly at +91 84949 25324 or at dharmarajj@gmail.com

Should you need more information about the event and possibly register, www.traderscarnival.com  



Sunday, January 3, 2016

Last quarter and full year 2015 in charts

Here are quarterly and full year charts for the year 2015 of some key stocks.

(Comments are just observations and not any recommendation to trade)  

NIFTY :

On a broader time frame, drifting down. Time correction, rather than a price correction ? 



Bears will call this a spinning top on yearly.


SENSEX:

On a broader time frame, drifting down. Time correction, rather than a price correction ? 


 Bears will call this a spinning top on yearly.



RELIANCE:

Respected the long term trend line; looks bullish after a dip.



Double bottom on yearly.



INFY:

Doesn't look too bullish (can be wrong).




TCS:

Consolidation, but drifting down on quarterly as well as yearly.



ONGC:

Bounce toh banta hai !



BPCL:

Consolidation time ?



HPCL:

Consolidation time ?




ITC:

Doji on quarterly, and bearish engulfing on yearly...stay away ?




HUL :

Looks bullish.





 ACC:

Consolidation on quarterly, but bearish yearly chart.




GRASIM:

Will be great if it breaks out.





AMBUJA :

Consolidation on quarterly, but bearish yearly chart. 




ASIAN PAINTS:

Looks bullish.
 




BANK NIFTY :

Consolidation? sideways for some more time ?




SBIN :

Had said 'waste of time' last quarter, did that; time for a bounce this year?





PNB :

Bounce toh banta hai ?




ICICI BANK :

 Consolidation? sideways for some more time ?




AXIS BANK :

Consolidation? sideways for some more time ?




MARUTI :

Hanging man on quarterly? 



Iska petrol khatm hi nahi hota !!
 


HEROMOTOCO :

Looks bullish.









EICHER MOTORS:

Consolidating.






LT :

Bearish quarterly chart, but bounce toh banta hai.



 Consolidation on yearly chart.


 BHEL :

Bounce toh banta hai.




BOSCH :

 Consolidation on quarterly, but bearish yearly chart.




CAIRN :

Bounce toh banta hai.



DR REDDY :

Bearish on both time frames.



 CIPLA :

Not (yet ? ) weak like some other Pharma stocks.




LUPIN :

Consolidating, good support near 1580 - 1600.




SUN PHARMA :

Not interested. 




TATA STEEL :

Is it a long term bottom near 200 ?




TATA MOTORS :

Bullish harami on quarterly, but.............


Bearish engulfing on yearly.



APOLLO TYRE :

Consolidating.





RELIANCE CAPITAL :

Bullish !




RELIANCE INFRA :

 Bullish !



 RCOM :

Bullish !






BHARTI :

Bullish ! 

It is strange - the general view is that after the launch of Jio, other telecom stocks will go down, but some are looking bullish.