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Showing posts from May, 2020

CRAME NOTE : NIFTY JUNE SERIES- POSSIBLE BEARISH BUTTERFLY IN THE MAKING ?

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. NIFTY could be in the  process of making a bearish butterfly. Ratio based traders may find the pattern interesting as it emerges. The completion of the pattern requires confirmation at three critical price ranges as mentioned in the chart. If the pattern comes to fruition the index may test 9640-9660 levels and may go down to 9360-9330 levels and then go on to 10130-10170 levels to complete the pattern. It must be borne in mind that this post is looking at a possible pattern formation and additional filters need to be used to confirm trade entry levels. If the pattern gets completed in June, the series can witness quite volatile sessions. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions ma

CRAME NOTE : AUROPHARMA- BUYING EXHAUSTION AND REVERSAL TO EXPECT ?

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. Auropharma has made a phenomenal run in the last 10 weeks. Safe sector buying, under ownership in pharma space; call it anything one would like the move in pharma space in general and Auropharma in particular has handsomely rewarded those who kept their nerves steady in the recent up move.The stock has finished 8 consecutive weeks with weekly closing prices higher than the closing price of the preceding four weeks. If the next week's closing price is above 652.5 (closing price of the weekly price of four candles before),a classic buying exhaustion pattern may emerge. Please check out the next chart in  a shorter time frame for possible reversal entries . DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial

CRAME NOTE: VODAFONE IDEA- SUBSTANTIAL UPSIDE PRICE POTENTIAL IN THE LONG RUN

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. Idea (now Vodafone Idea) has been one of the biggest price losers in the Indian bourses. The script came down from price levels of 125 to almost 3.5. If we were to look at the long term chart (Monthly or Weekly), we can see that the price has broken out of a downward channel and as long as that level is defended, there can be significant upside for the stock. With the latest news of Google considering to buy stake in Vodafone Idea, there can be some positive sentiment based spike  in price in the short term. However the long term chart structure suggests that if the momentum is sustained the prices can reach targets as mentioned in the chart. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/action

HDFC BANK- WATCHOUT FOR THESE LEVELS

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. HDFC BANK prices in the month of May have been consolidating. One can see a triangle formation in the shorter time frame. The coordinates of the  downward trend line of the possible triangle is marked in the chart. Once the formation is complete and if there is a breakout on the upside the prices can attempt to fill  the earlier gaps that were formed on the downward journey of the prices. If there is a price breakdown from the triangle then the earlier lows that were made in March and beyond can be tested. Below the lower levels made in March, the long term support for the script can be found near 478-560 levels. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the ana

PIRAMAL ENTERPRISES- PULL BACK RALLY CAN EXTEND TO 1260

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. After a protracted downward move, PEL has been consolidating with an upward bias and is now attempting a pull back. As long as the price is able to hold above 980 levels, the momentum can be on the upside and the move can take the prices to 1260 levels. Short term moving average bias is in favor of a pull back. The targets on the upside are given in the chart. The stop loss to be observed on a daily closing basis is also mentioned in the chart.   DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu P Paul PhD Prof. Soumya V ACSI  

#onelasttime #virtualfarewell

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CHRIST (Deemed to be University), Lavasa always makes efforts to reach out to everyone and maintain contact despite time and distance. The young MBA enthusiasts took the initiative to give a warm farewell to the outgoing batch of management students and organized an online get together on Saturday, 23rd May 2020 through WebEx. A day before the college closed in response to the coronavirus pandemic, the final year PGDM students had got a sendoff and this meeting was an extension of the same. The farewell was a bit different from the routine as the MBA students threw a virtual party with real people and soon everyone was together and no longer bound by their respective geographical locations. Nearly everyone experimented a bit with camera placement. Director & Dean, Dr Fr Jossy George was highly impressed by the initiative and conveyed his best wishes to the outgoing batch. He congratulated the entire batch for their great achievements and creating beautiful memories. He is confident

Economic Integration: European Union at Crossroads Part 1

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In a globalised world where each nation has a set of challenges to face on account of interconnectedness especially in trade domain and security issues. The European Union has been holding fort by itself as a sign of Unity amongst its members  for the last 60+ years. What started as European economic community in 1958 between, France, Germany, Netherlands, Luxembourg,  Italy  and Belgium has turned out to be todays  Monetary and Political Union encompassing 27 Countries + UK (Breaking off Dec20).  It hasn’t been smooth sailing though and many a challenges have come up in the past and the current one seems to have come up at a time when Solidarity is needed more than any other time now considering the Covid19 pandemic. In my 2 art series, Part 1 throws light on the makeup of EU; Part 2 will explore the challenges which if unchecked may lead to unraveling of the union itself Before we delve into what an Economic union is? Let us relook at the concepts of Economic Integration Economic int

TATASTEEL- SHORT TERM BULLISHNESS BUT MORE PAIN IN LONG TERM ?

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. The script lost close to 50 percent of its price from the beginning of this year. After falling near to 250 levels prices have been consolidating with an upward bias. If the upper end of the current consolidation range is broken the prices can test 340-360 on the upside. However it remains to be seen whether the prices will be able to close above these levels which is important in terms of long term price action and also as per GANN. If the lower end of the current range is broken prices can test 180-160 levels which is a long term demand zone for this script. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu P Pau

Webinar on “Covid-19 and the Indian Economy” by Professor Charan Singh, CEO and Director of EGROW Foundation and Dr Poornima Varma, IIMA

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As we enter into the unchartered territory of online education a lot of efforts are being made by CHRIST, Lavasa to educate students through online classes and webinars. The students are equally receptive and open to learn, unlearn and relearn every day. Amidst the ongoing efforts, Christ (Deemed to be University), Lavasa was honoured to welcome erudite professors from IIM, Ahemdabad. Professor Charan Singh and Dr Poornima Varma conducted an extremely informative webinar on 18th May 2020 and addressed a diverse group of audience on `Covid-19 and the Indian Economy’. Director & Dean, Dr Fr Jossy George, extended a hearty welcome to both the guests highlighting the importance of conducting a webinar in the current scenario on a topic which has gripped the entire world. Professor Charan has been the RBI Chair Professor of Economics at IIM Bangalore, a senior economist at the IMF and Research Director of Internal Debt Management at RBI, Mumbai. He is currently posted as CEO and Directo

CRAME NOTE ON STOCK TO FOCUS - TCS

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. Even when the NIFTY broke below the crucial level of 9150 yesterday and closed below 9000, some of the IT stocks did well. TCS has been moving in an upward trajectory and has been making higher lows. If the stock manages to stay above 1960 levels today, it can attempt levels closer to 2092 in this series. If the stock witnesses selling pressure near to 1960, it can fall back to 1873-1866 levels.

CIMA 2020-21 - Clan Leader Selection

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Pandemics has brought about a radical change in the lives of everyone. Life is confined to the four walls of a house. Yet, CHRIST, Lavasa is making all efforts to reach out to students through various online activities apart from imparting online education. Clan leader selection began with gusto last week. There was an interesting and interactive competition to select a clan leader for the new session 2020-21. Each clan was on the lookout for those courageous warriors who could lead from the front and motivate his or her team to move on with pride and confidence and lead the clan to victory with vision and charisma. The enthusiasm and never give up attitude was a prerequisite for selection. The leader is expected to be inspiring enough to ignite the passion of the entire clan and nothing but victory ought to be in mind. Those interested were expected to make a 2 minute video and submit to CIMA Google Classroom. The clan leader competition winners were Karthic Easwar S from Spartans and

CRAME NOTE: Positional View on Tech Mahindra

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. After the recent fall Tech Mahindra has been consolidating. Daily chart suggests the formation of a bearish flag , with base around 472 levels. A break below this level can push the prices down to the interim demand zone marked in the chart. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu P Paul PhD Prof. Soumya V ACSI  

CRAME NOTE ON NIFTY PRICE ACTION POST STIMULUS PACKAGE ANNOUNCEMENT

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. The day after the stimulus package was announced, the market gapped up, but witnessed persistent selling throughout the day. The next day the index gapped down and again witnessed selling through out the day. On the last day of the week (May 15), the move was side ways and we can observe the formation of a Bullish CUP and Handle . If the pattern formation is not invalidated, it is possible that in the next couple of trading sessions the index will reach targets mentioned in the chart. The upside targets are only possible if the price breaks above the long entry point mentioned and that the stop loss level is respected on a closing basis. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions mad

Stock to track intraday- 15 May, 2020 - AUROPHARMA

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. In the recent market carnage one of the safe spots have been the pharma sector. Names like Sunpharma, Auropharma etc. have made significant price gains in the last couple of months. Auropharma which moved from 297 in March  to 701 in  May made a whopping 236 percent price gain. Though the  short term chart structure is not compromised so far,  the stock has been witnessing some profit booking off late in the shorter time frame charts. In the shorter time frame chart, 673 - 683 can act as a strong resistance and any move towards that region can be used to build short positions with a stop above 688. The targets on the downside can be 656/647/638. However if the stock opens lower closer to the downside targets then the risk reward ratio may not be favorable for a short trade. If the stock manages to breach the recent

NIFTY- Price Action during the day and View for next trading Sessions

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CRAME NOTE ON INDEX PERFORMANCE - May 13, 2020 The index opened above the second upside target as mentioned in the last CRAME NOTE . However after the gap up, the index witnessed consistent selling through out the day, though it closed above the previous close. Some interesting things to observe is that despite the selling pressure witnessed at higher levels the index made a triple bottom in the intraday chart near an important fib ratio and closed above it. Given the weekly expiry and that the big announcement about economic reforms has already been one can expect a volatile session tomorrow. Important levels to watchout for on the downside is 9260-9230. If this gets defended the index can attempt 9700 levels. On the upside 9770-9820 levels can act as supply zones. If these levels get taken out decisively a fresh up move can start for targets of 10300-10450 levels.  DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assum

AXIS BANK - What to Expect in the May Series

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CRAME NOTE ON INDIVIDUAL STOCKS- 13 May , 2020 One of the largest players in the private banking space, Axis Bank had come under heavy selling pressure during the recent downfall in Indian Stock Markets. The stock had come down from its life high of 827 in 2019 June to  below 300 in March 2020. From the March lows, the stock recovered almost to 486 levels where it witnessed selling pressure. Ever since the stock has been consolidating with a mild upward bias. With the massive economic reform package announced by the Government, the stock found a good amount of short covering today. The immediate supply zone for the stock for the May series expiry seems to be in 432-443 levels, which is structurally important for the recent consolidation. A break above those levels on a closing basis in the daily chart can take the stock price higher. On the downside 393-388 can be a demand zone. A break below the demand zone exert downward pressure on prices. DISCLAIMER The content provided in CRAME bl

CRAME NOTE ON INDEX PERFORMANCE - May 12, 2020

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NIFTY- Price Action during the day and View for next trading Sessions The price action in the last hour in the index shows signs for an up move towards 9700 levels in the next couple of trading sessions. Despite Reliance Industries dragging its feet, on account of possible profit booking before Rights Issue, the index firmly covered the initial selling that happened in the first half of today's trading session. With the Economic Stimulus Package being announced, there can be positive sentiments as well which can take the index to the targets mentioned in the chart. Long positions in the index need to have stop loss below 9090. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACSI

USD- INR May Futures- What can the short term trading range of Rupee be ?

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa. The Indian Rupee had lost against the USD in the last couple of months. However the Rupee did gain some of the lost ground from the last week of April, and ever since it has been consolidating with a mild upward bias in favor of the dollar. If the chart structure is respected the Rupee can witness some resistance near 75.7-75.3 levels. A break below this level can see the USD INR May futures test targets marked in green in the chart. If the structure formation continues, the USD INR can start moving in towards the levels marked in red. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACS

Reaching Out Through Webinars

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Imparting education works best when it is combined with technology. CHRIST, Lavasa has always supported use of ICT in and out of the classroom. While everyone is at home in different parts of the country, online classes are being conducted for the students in all disciplines be it MBA, Law, Data Science, Economics or Commerce. CHIRST is constantly updating the students and faculty alike through webinars being conducted from time to time.   A webinar becomes useful and imperative when it offers right knowledge under the most appropriate circumstances. For a long lasting effect a webinar ought to be interactive in nature and the message must be conveyed effectively to the target audience. Some webinars are recorded so they can be viewed at a later date when the broadcast is over. This enables an institution to increase both the reach and the impact of the lesson.   The most effective part of a webinar is that it allows the audience to ask questions and get real-time feedback instantly on

Attitude of Gratitude

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CHRIST values instill an attitude of gratitude in the students and despite leaving the portals of the college they never fail to express their appreciation and keep the college well informed about their achievements. It is always a pleasure to hear from ex-students and Director & Dean, Dr Fr Jossy George applauds the academic and professional success of the students in and out of the campus. Despite a temporary lock down and students being confined at home, the students are in constant touch with the Director and faculty and share their thoughts and feelings.     Bhavishya Sajith who majored in Finance speaks eloquently about her two year journey at CIM. She articulates that the memorable years gave a platform to discover her hidden talents. She is extremely grateful to Dr Fr Jossy, Dr Fr Arun and all faculty members for constantly encouraging her to do better and take active participation in all the activities. She considers it as a stepping stone to success. She feels that she w

NIFTY- Price Action Review in the Open

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa . CRAME NOTE ON INDEX OPENING - May 08, 2020 As mentioned in the last article the price broke the triangle and achieved all targets in the open itself. Traders who would have carried the long position would have clocked in 177 points in the open , however the opening gap up witnessed some profit booking. Await the CRAME NOTE ON MID MARKET REVIEW for more updates DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACSI

NIFTY- Price Action for the day and View for next trading Session

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Dear Christite, Here is the latest analysis about Indian stock market from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University) Lavasa . CRAME NOTE ON INDEX PERFORMANCE - May 07, 2020  Though the index opened lower and closed in the red, it was not a trending day on the downside. Throughout the day the low made in the morning was defended. While the call writers successfully defended the 9300 strike price for the weekly expiry, the price action does not suggest explicit weakness in the market. A closer look in the shorter time frame depicts formation of  triple bottom near 9170 levels and it looks like the price is consolidating in a triangle formation with a mild upward bias. A break above the consolidation range can take the index to the targets mentioned in the chart. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisi

Virtual Classes

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No one had ever imagined that a global pandemic would affect people all over the world and one would be confined to a safe stay at home. Everyone’s life has been affected due to the ongoing safety measures being adopted to prevent the spread of a virus. CHRIST (Deemed to be University), Lavasa took the initiative to resume classes after a long break by offering online classes. The teachers have been trained through Webinars and attended multiple online meetings to be well versed with technology in order to teach the students who are staying all over the country. Some students have expressed their views about these virtual classes.     Utkarsha Mathure (MA Business Economics) Virtual classrooms offer all those tools that we need during this time when we are at home but have to attend classes. The application used by CHRIST University is a perfect platform for teaching and learning. The online classes being conducted nowadays are extremely useful when we are away from college but still

NIFTY- INTRADAY VIEW ON MAY 5- Can the Index move above 9500 ?

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In the 15 MTF, the index seems to be forming an IHS with positive divergence in MACD. A break above the level mentioned can take the index to targets. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACSI

State Bank of India- Dangerously Interesting !

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The largest public sector bank in India has witnessed massive selling pressure off late. The chart shows that the support that was in place from March was breached on May 5. If the price does not close above 186 levels on closing basis the stock can slide towards 147-143 levels in the short term. DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst(s) do(es) not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACSI

Short term view on Asian Paints from Center for Research in Asset Markets and Economy (CRAME), Christ (Deemed to be University), Lavasa

Visit the link below for a snapshot on Asian Paints stock price in the short term. https://in.tradingview.com/ chart/ASIANPAINT/vRLKLCBc- Asian-paints-Selling-Pressure- Daily-View/   https://in.tradingview.com/ chart/ASIANPAINT/jC9YHGF2- ASIAN-PAINT-MULTI-TIME-FRAME- ANALYSIS/   DISCLAIMER The content provided in CRAME blog is for educational purposes only. CRAME or the analyst does not assume any responsibility for the financial decisions/actions made on the basis of the analysis presented in the blog. Analysts Prof. Binu  P Paul PhD Prof. Soumya V ACSI

From the Counselor's Desk - May 2020

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Self-discipline is the ability to make yourself do what you should do when you should do it, whether you feel like it or not. During this pressing pandemic, it is essential to stay resilient and not deviate from your progress. We should instead have an optimistic approach to develop our determination and patience. Here's a message from our counselor's Desk that could help you with self-discipline.