Nooresh Merani Profile picture
Nov 15, 2018 4 tweets 3 min read Read on X
Over the years have been looking at #chor #fraud #manipulation in listed companies as well as other wise just because its a personal hobby :). Seeing a lot of us focusing on bad governance and siphoning etc and lengthy work done on bad cos. From #chorbanemor becoming a strategy.
We have no come to other side of pointing #chors with detailed research. In finding one good #chorbanemor there is a chance of making money. Shorting is not possible in most cos. Is it worth the time spent on such companies or time spent on cos so expensive one will never buy.
In india for every wealth creator and governance cos there are 5 times more cos which have destroyed capital. In last 25 years no of companies which got delisted , vanished or suspended is more than the tradable universe today.
In indian listed companies there is no black and white. Its shades of grey and shades of black to to pitch dark. !!! Focus on shades of black if you are a journalist :) if #investor #trader focus on shades of grey white or whatever.

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More from @nooreshtech

Nov 13
Nifty & RSI Positive Divergence

Nifty – Oversold and Triple Divergence

Like I have said in my earlier posts that RSI is a good indicator for bottoming out analysis on Nifty50.

Now is the time with RSI being oversold it gets into practice for us.

Oversold and a possible Triple Divergence in making.

In majority of the instances a RSI divergence has led to a Strong Bounce.

A cluster of supports closer to 23300-23600.

Recent lows can be broken tomorrow and ideally one would expect a good bounce from the support band.

The trade is to look for longs in the band of 23300-23600 or as close to it or stock specific.

A bottoming out can take a few sessions as per previous instances. A stoploss of 2% from entry closer to 23000.

A bounce to the tune of 30-50% of the downmove is the initial target. That would come to 24500-25000.Image
The past instances

The 2021-2023 – RSI divergence bounces

Nifty from top to bottom corrected 18% but there were multiple bounces and sideways range.

In the same period many stocks/sectors did really well.

For example the June 2022 bounce was led by Banks.Image
The RSI Divergences in 2015-2016

Although the trend was down there were many bounces.

Textiles/Chemicals and many sectors continued to do well.Image
Read 4 tweets
Sep 28
Nifty50 RSI at 80. Sell Everything and Run Away

Did you all get this Forward/Post of how #Nifty of how 80 RSI was followed by a Correction !!

A Thread.
Image
Image
A) March 1992.

Nifty50 index started in 1996 with a 1-2 year backdated data. NSE started operations in 1994.

So I have no clue where the 1992 data came from. Sensex monthly RSI was 92 in 1992 in 1985. So that also does not match
B) Dec 2003.

My data shows 78.5. But fits the Curve and Narrative.

The next 4 months are sideways. May 2004 elections led to the 30% correction.

So now we start with the actual 80 + RSI instances.
Read 11 tweets
Sep 23
#SEBI - Profit Loss Analysis of #Individuals in #Derivatives

Total Traders = 1.13 cr

93% of #individuals made losses.

Total Loss = 1.8 lakh crores.

Transaction Cost = 50k cr

Only 1% of Traders managed to earn more than 1 lakh!!

A THREAD
1) #Futures Profit But #Options Losses

FY 24 all Individuals

Individuals made losses in Options to the tune of ~ ₹55,000 crore in FY24, they made profits to the tune of about ~ ₹13,400 crore in Futures.
2) But Everyone wants to trade only #Options

FY24

94.2% traded only Options
5.1% traded both Futures as well as Options.
0.7% of the F&O traders traded only Futures.
Read 10 tweets
Aug 6
The Rotational Bull Market !!

This Bull Market has been Unique in terms of No Single Theme being the Leader for a long period.

Read PDF
rb.gy/mo19dw
If we go back in History.

> 1992 was about Cements and other cos driven by Harshad Mehta.

> 2000 was about IT & Telecom – K10 stocks of Ketan Parekh

> 2008 was about Real Estate, Infra etc.
Bear Markets after that saw 60% drawdowns.

Post this period  we have seen more and more Rotational Bull Markets in Sectors/Themes but no Central Leadership.
Read 17 tweets
Jul 10
#Snippets

A few interesting snippets from different notes.

1) DIIs narrowing the gap with FIIs.

Can we see DIIs>FIIs in coming years ? Image
2) #India narrowing the gap with China in MSCI weightage Image
3) Last 5 years Sensex Growth= Earnings Growth

Valuations Expensive or Justified? Image
Read 10 tweets
Dec 31, 2023
Setting the Stage: World Indices Setup for 2024

AEX - NetherlandsImage
ASX All - AustraliaImage
ASX 200 - AustraliaImage
Read 23 tweets

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