10 things to know in L & T Infotech IPO


The original post appeared in Business Standard and is available here.

L&T Infotech will not be enjoying the proceeds of the present issue as this being an offer for sale, the entire sale amount of around Rs 1,200 crore will go the parent L&T.

With an aim to unlock value of its subsidiary and realise the benefit of listing, engineering giant L&T is offering its holding in its subsidiary L&T Infotech for sale. This marks the listing of a sizeable IT company in India after a long time. The issue will be priced around Rs. 705-710 per share and will be hitting the market on July 11, 2016.

We take a closer look at the company, its operations and positioning among its peers. Here are 10 key points to note in L&T Infotech:

Continue Reading


Have Markets overcome the Brexit hangover?


On Friday, July 1, 2016, Shriram City was the most active stock on Bombay Stock Exchange after multiple block deals. Mahanagar Gas, L&T, Sun Pharma, ITC, SBI and Axis Bank were other most active shares on exchanges.

The Sensex closes up 145.19 points or 0.5 percent at 27144.91, and the Nifty was up 40.60 points or 0.5 percent at 8328.35. About 1559 shares have advanced, 1157 shares declined, and 139 shares are unchanged. ONGC, BHEL, L&T, GAIL and Dr Reddy’s were top gainers while TCS, Coal India, Adani Ports and HDFC were losers.

Continue Reading


Reblog: How to Succeed at Short Term Trading In Stocks


This post is written by Mastermind, Sana Securities. The original post appears here.

I have written about educated speculation in the stock markets (here) and about how to create an ideal streamlined portfolio of stocks for the long-term (here). A topic I have never touched is short-term trading in stocks. The irony is that this is what keeps me busy on a regular basis. If you follow the markets as much as I do, it is hard to resist buying and selling in the short-term. So here it is.

Continue Reading


Brexit spooks the markets globally!


The Sensex recouped 500 points loss in the last couple of hours of trade, especially after recovery in Europe but still ended sharply lower after the UK voted to leave European Union.

The index fell 604.51 points or 2.24 percent to 26397.71 and the Nifty slipped 181.85 points or 2.20 percent to 8088.60.

About 1823 shares declined against 709 advancing shares on BSE.

Tata Motors cracked 8 percent and Tata Steel fell 6 percent as both companies have huge exposure to Europe.

European markets were down 5-8 percent.

Here are some picks from the week gone by.

Continue Reading


Reblog: When Trading, You Are Your Own Worst Enemy


This is a post by Mastermind, Bramesh Bhandari. The original post appears here.

If you are a LOSS making trader, answer the below question to yourself honestly.

What is the main Reason for Your Trading Loss? We are running a poll on Twitter Please participate

  • Unable to Understand Market Trend as it moves from Sideways to Trending or
  • Is it your system or strategy? You are not having the Right Strategy and Losing
  • You — By repeating the same mistakes again and again

As per my experience with trading over 12+ years and also talking with 1000’s  of traders over a period of time, my understating is

Traders are often their own worst enemies. The simple reason being most of the traders after doing a big loss will turn to charts and try to find their mistake. What I missed in catching this move, should I apply more indicators or should I learn something new to catch big moves etc. Readers can go back to thought process they went once they took a big loss or missed a major rally.

It’s easier to look at charts and imagine what the market might do or find an excuse , compared to turning inward and engaging in self-examination to determine if any changes in your approach to trading are required.

A very simple exercise will make you understand this

Go back to your past traders, highlight the trades where you made maximum losses, analyse all the loss making trades. You will observe over a period of time you have repeated the same mistake again and again. Be It taking an impulsive trade, trying to find top or bottom, not putting SL , taking over-sized position etc.

What would happen if you identified a recurring mistake? Would you do anything differently while trading, as a result? Would you need or use some type of structure or process to assist you in not repeating the same mistake?

The only thing we actually have any control over is our behaviour. The market will do what it will do.  If one is truly interested in maximising /  improving P&L, then focus on not to repeat your mistakes again.  We may not be able to control our emotions, but we can learn to manage them.
Trading Journal is one of the tools which can help you in understanding your mistakes and over a period of time not repeating them.


The week ended June 17, 2016


The market on Friday ended on a firm note with the Sensex up 100.45 points or 0.4 percent at 26625.91 and the Nifty was up 29.45 points or 0.4 percent at 8170.20. About 1240 shares advanced, 1333 shares declined, and 184 shares were unchanged. Bharti Airtel, TCS, Tata Motors, HDFC and Coal India were top gainers while Sun Pharma, Dr Reddy’s, Tata Steel, SBI and L&T are losers in the Sensex.

Here are some picks from the week gone by.

Continue Reading


Reblog: Nifty Golden Cross – Does it Work ?


The original post is written by Mastermind, Nooresh Merani and appears here.

We have seen a lot of articles on the Golden Cross on various media.

Let us quickly look at how the Nifty movements have been in the last 10-12 years post the Golden Cross.

Conclusion – It’s a very late indicator but may sometimes give real long-term trend changes. Tough to use it as a decision system. The whipsaws hurt real bad.  I would rather prefer looking at price patterns.

This is a quick video. Do put in your comments. Maybe next time would try to put it on Dow Jones / S&P 500


The week ended June 10, 2016


The selling pressure continued for second consecutive session on Friday, tracking weakness in global peers again and further profit booking in banks, auto, FMCG and metals stocks. The 30-share BSE Sensex fell 127.71 points to 26635.75 and the 50-share NSE Nifty slipped 33.55 points to 8170.05. The broader markets also caught in bears’ grip with the BSE Midcap and Smallcap indices falling 0.2-0.4 percent. Experts feel the consolidation may continue in near term and says any sharp fall will be buying opportunity as they are bullish on India.

Next week will be very important globally as Federal Reserve will be holding a two day meeting that will start on June 14. After the recent speech by Fed Chairperson Janet Yellen, experts believe that there won’t be a rate hike in June policy but the commentary will be key to watch out for.

Here are some picks from the week gone by.

Continue Reading


Reblog: Who makes Money Consistently in Day Trading?


This is a blog post by Mastermind, Nooresh. The original post appears here.

One can understand the obsession for Day Trading by just doing a Search on Google for the Words like  – Day Trading, Intraday Trading Tips, Day Trading Tips and the number of sites that pop up catering to it.

BSE, an exchange in India, mentions itself to be the fastest exchange in the world.

Nifty 50 index is world’s most actively traded derivatives contract: Survey – Link

Majority of brokers have 90 – 96% of their business coming from Derivatives

There are a bunch of Discount Brokers with Rs. 0-20 as broking change.

Continue Reading


The week ended June 4, 2016


The market hit fresh 7-month high intraday Friday with the Sensex reclaiming 27000 and Nifty 8250 levels. However, profit booking in the last couple of hours of trade dragged the benchmarks as well as broader markets to end flat despite positive global cues.

The 30-share BSE Sensex declined 0.11 points to 26843.03 while the 50-share NSE Nifty rose 1.85 points to 8220.80. The market breadth was also weak as about 1521 shares declined against 1092 advancing shares on Bombay Stock Exchange. The market volatility may continue for some more time after hitting multi-month highs, as investors are eagerly waiting for key events – RBI policy meeting on June 7, Fed meeting on June 14-15 and the referendum in Britain.

Here are some picks from the week gone by.

Continue Reading