Big Blow to Banking Stocks

Savings Bank De-Regulation is a serious blow to the profitability of Banking Stocks as Banks may want to increase their market share (acquire more customers) by offering better savings interest rates.
Overall End Customer is bound to be benefited and it seems to be a good Diwali gift from RBI.
So will be interesting to see whether it will lead to marginal rate hike or some serious hike in tune of 1.5% to 2% . Present saving interest rate stands at 4%.

Creating Strategies in TradersCockpit

It is very Simple , No Scripting or Coding.... Do give it a try!!!

Step 1: Create your Indicator Basket (Choose from ready made indicators or you can create your custom indicators - Will cover Custom Indicators in detail  in next Post). You need to add all the indicators in your basket which you plan to use in your Strategy rules and conditions.

Step 2:  Create Conditions from Indicators. There are many ready made conditions also available for direct use. Simple condition can be : "Close Price > 50 Day EMA Price" etc.
Please note each condition outcome should be True/False.

Step 3: Create Bullish/Bearish Rules from the conditions created in Step 2.
or e.g Condition1 OR Condition2 etc...

Step 4: The last step is to inform the system what to do if the Bullish/Bearish Rule is met by any of the stocks.
a) Entry Criteria tells the system whether to trade at market price, limit price etc..

We also need to tell the System when to come out of the trade.
a) Exit Criteria can be a combination of Fixed Stop Loss and the Target Price or say a combination of First Target and a trailing Stop loss.

Do let us know your inputs. Check out the free demos on http://www.traderscockpit.com/?pageView=strategylabs

Infosys Q2 results

Infosys Q2 results looks good. Rupee guidance looks good at 143-145 for the year (Rupee depreciation playing out). Looks good for some upside from this levels. May be a good call to move out of some Defensive's,  FMCG's which are trading at more than 30-35 PE's to Big names in technology stocks which are cash rich and available at 15-17 PE. Need to closely watch out Global environment though.   

Bear Market Rally OR Start of New Uptrend ?

Million Dollar question - Typical Bear Market rally or New Uptrend has started.
Bear claims are that Nifty has a very strong resistance around 5150-5200 levels , and than it will be  back to 4700/4400 levels.
Good thing about this rally is that most of the people are skeptical about it , so i will not be surprised if we do not  see levels of 4700 immediately. If Nifty crosses the talked resistances with steam - being long may be better strategy.
Thought the global uncertainty will be a important factor to watch out for.
Educomp is looking good for more. Watching closely DLF - Can it close above its 200 day EMA ?