GODREJCP TCFL BREAKOUT

GODREJCP has broken out  of  our proprietary indicator TCFL auto drawn on the chart and looks now set to Trend up.  Please find attached the TradersCockpit Advanced Chart with Autodrawn   TCFL Cloud and screener dashboard.  To know more about these advanced tools, please call us on 080-39275521 or 0-8123333977

ASIAN PAINTS TC TRENDLINE BREAKOUT

ASIAN PAINTS has broken out of  our proprietary indicator TC Trendline auto drawn on the chart and looks now set to Trend up.  Please find attached the TradersCockpit Advanced Chart with Autodrawn Trendline  and  TCFL Cloud.  To know more about these advanced tools, please call us on 080-39275521

LUPIN - TC Trendline Breakout

LUPIN has broken out of  our proprietary indicator TC Trendline auto drawn on the chart and looks now set to Trend up.  Please find attached the TradersCockpit Advanced Chart with Autodrawn Trendline  and  TCFL Cloud.  To know more about these advanced tools, please call us on 080-39275521

Demystifying Algo Trading in India

As defined by NSE, Automated Trading (also popularly known as Algorithmic Trading or Algo trading in short) shall mean and include any software or facility by the use of which, upon the fulfillment of certain specified parameters, without the necessity of manual entry of orders, buy/sell orders are automatically generated and pushed into the trading system of the Exchange for the purpose of matching.

SEBI has allowed Exchanges to extend Algorithmic trading facility to members involving usage of various Decision Support Tools / algorithms / strategies

 Algorithmic trading can be used either for high frequency trading (HFT) OR quant-based trading.

In HFT, the trade decisions are taken and executed hundreds of times in less than 1 second. So, the strategies require the kind of infrastructure and software management which could only be afforded by Institutionals and they use it for deploying huge amount of funds and predominantly play on arbitrage between instruments / exchanges / indices  etc. So, these are low risk moderate returns strategies deploying huge amount of funds.

In Indian stock markets the Algo trade volume is  predominantly HFT led by Institutionals and was around 40% of total trades in NSE and BSE in March 2015, a substantial increase since 2008 when it was allowed first time here. More than 80% of the Indian institutional trading flow (from both FIIs and Domestic Fund Managers) goes through algorithmic execution currently.

In comparison, Algorithmic trades accounts for over 75% of equity trading in the US markets where it also includes quant based trading as well .

 In Quant based Trading (which also includes technical analysis based trading), the performance over a period of time is analysed with the use of historical data and back testing. Based on this, strategies are developed, tested and optimised. Typically, these strategies would not involve a very high frequency of trades. These are primarily designed to seek alpha and do not involve very high cost infrastructure and therefore very suited for adoption by individuals.

In India, there are Order Management Systems (OMS) available which allow for such trading from companies such as Omnesys and Symphony. But strategy development, backtesting platform which could automate the entire process from start to end, is not available.

Also, educated and informed traders who could create powerful alpha seeking quant strategies are also few in number.

So, despite the benefits of algorithmic trading, since currently it remains too opaque a concept for most, it is not getting adopted.

So, there is clear requirement of an easy-to-configure quant strategies based strategy development, backtesting and deployment platform which could simplify and fructify the quant based algorithmic trading for individual traders.

TradersCockpit has now created such a platform and has acquired the necessary approval from NSE for its algorithms deployed on that platform working along with like-minded brokers and is now set to start offering this to individual traders. To know more, contact the customer support at TradersCockpit or email connect@traderscockpit.com

 Important links to refer to read more about algo trading: 

 http://www.nseindia.com/technology/content/trad_tech_algo.htm

http://www.businesstoday.in/investment/algorithm-trading-can-help-make-gains-in-stock-markets/story/14984.html

Most important company results dates in next 2 months

Most important Company Results dates are below:
To see all companies result/scheduled announcement dates, click here

 

Tuesday, January 12, 2016
IndusInd Bank (INBK')
Tata Consultancy (TCS)
Yes Bank (YESB)

Wednesday, January 13, 2016
Bajaj Auto (BAJA)

Thursday, January 14, 2016
Infosys (INFY)
Reliance Industries (RELI)

Friday, January 15, 2016
Hindustan Unilever (HLL)
Zee Entertainment (ZEE)

Monday, January 18, 2016
Asian Paints (ASPN)
Kotak Mahindra Bank (KTKM)
Wipro (WIPR)

Tuesday, January 19, 2016
HCL Technologies (HCLT)
ITC (ITC)

Wednesday, January 20, 2016
AXIS Bank (AXBK)
Cairn India (CAIL)

Thursday, January 21, 2016
Colgate-Palmolive (COLG)
UltraTech Cement (ULTC)

Monday, January 25, 2016
Idea Cellular (IDEA)
Maruti Suzuki (MRTI)

Tuesday, January 26, 2016
Adani (APSE)

Wednesday, January 27, 2016
Dr. Reddy's Labs (REDY)
Housing Development Finance (HDFC)
Vedanta Ltd (VDAN)

Thursday, January 28, 2016
Bank Of Baroda (BOB)
ICICI Bank (ICBK)
Tech Mahindra (TEML)

Friday, January 29, 2016
Cummins India (CUMM)
Grasim Industries (GRAS)
NTPC (NTPC)

Monday, February 1, 2016
ACC (ACC)
Hero MotoCorp (HROM)
Lupin (LUPN)
Punjab National Bank (PNBK)

Tuesday, February 2, 2016
Bharti Airtel (BRTI)
Tata Power Co. (TTPW)

Thursday, February 4, 2016
GAIL Ltd (GAIL)
TATA STEEL (TISC)

Monday, February 8, 2016
Cipla (CIPL)
Larsen & Toubro (LART)

Tuesday, February 9, 2016
Bharat Petroleum (BPCL)
POWER GRID (PGRD)

Wednesday, February 10, 2016
Bharat Heavy Electricals (BHEL)
Bosch (BOSH)
Coal India (COAL)
Hindalco Industries (HALC)

Thursday, February 11, 2016
Oil & Natural Gas (ONGC)
SBI (SBI)
Tata Motors (TAMO)

Friday, February 12, 2016
HDFC Bank (HDBK)
Mahindra&Mahindra (MAHM)

Monday, February 15, 2016
Ambuja Cements (ABUJ)
Sun Pharma (SUN)

Wednesday,feb 27, 2016
Bharti Airtel (BRTI)

Brokerage Research Report on Voltas

Excerpt from Research Report published by one of the leading Brokers

At the current market price of 304, based on our estimates, Voltas is trading at FY 2017E and FY2018E P/E of 22.1x and 18.1x, respectively.
With  inflation  under  control,  rate  cuts  announced,  when  coupled  with  Voltas'strong  positioning  in  the  lowly penetrated  AC  market,  comforts  us  that  AC  sales should  continue  to  report  strong  growth,  going  forward.  In  FY2015,  the  UCP segment contributed ~72% of the consol. EBIT.  Also,  completion  of  low  margin  EMP  projects  and  increased  contribution  of  high margin projects indicate that the EBIT margins of the EMP segment would improve from 1.0% in FY2015 to 5.0% in FY2018E. 
On the whole, we expect Voltas to report a top-line and bottom-line CAGR growth of  9.5%  and  13.1%  during  FY2015-18E,  respectively.  Our  growth assumption captures  (a)  pick-up  in  international  award  activity,  which  should  lead  top-line growth  as  well  as  EMP  segment  EBIT  margin  expansion,  (b)  continued  growth  in domestic AC sales, with Voltas being able to retain its ‘Numero Uno’ status.
Noticeably in the  last  few  years, the  EBIT  mix  of  Voltas  has  shifted  from  being
heavily  dependent  on  the  EMP  segment  to a
now  dominant  share  of  the  UCP segment.  The contribution  of  the  UCP  segment  in  the  consol.  EBIT  has  increased
from 32% in FY2011 to 72% in FY2015. We expect the same to be over 64% levels during  FY2016-18E.  Considering  the  shift  in  the  consol.  EBIT  mix,  positive  cues, and  case  for  improvement  in  the  business  segment’s performances,  we  expect
scope for improved profitability and better investment return ratios, going forward.
Considering  the  higher  dependency  on  the  UCP  segment,  we  have  compared Voltas to Hitachi (which is trading at a FY2018 P/E multiple of ~36.0x).
We assign Voltas a 21.0x PE multiple to our FY2018E EPS estimate of 16.8/share and arrive
at a price target of 353 in 12 months time. This reflects 16% upside potential from the current levels.

TOP Gainer Spotted Through TradersCockpit.com Pattern Screener

Yesterday 5 stocks were spotted for forming Bollinger Band W Patterns on EOD Pattern Screener on TradersCockpit.com. Today, One of them, CAIRN has become the top gainer of the day and  3 of them were among the top 10 gainers on a day when NIFTY is down 0.51%.  Find enclosed all the snapshots. 

To know more about our scanners/screeners, call  0-8039275521 / 0-8050502121 or visit www.traderscockpit.com