Weekly Trading Diary: 29th November to 3rd December 2021

Tradingqna · November 28, 2021, 11:54am

A thread for discussing all your trades, strategies, ideas, news, stories etc.

A quick snapshot of what the markets were up to in the last week.

Fear of a new variant of COVID in Southern Africa sent markets around the world in meltdown on Friday. Along with Indian indices, all the major markets around the world ended the week in the red.

All the major sectors finished the week in deep red. Nifty Pharma Index was the sole gainer for the week.

A look at what the institutions were up to;

Things to look forward to in the coming week:

IPO’s

IPOs of Star Health Insurance and Tega Industries will open for subscription. Details

	IPO Period	Price Rance	Quantity
Star Health Insurance Ltd.	30th November to 2nd December	₹ 870 to 900 per share	16 and in multiples thereof
Tega Industries	1st December to 3rd December	₹ 443 to 453 per share	33 and in multiples thereof

Major economic events to look forward to for the week;

	29th November		30th November		1st December		2nd December		3rd November
US	Pending Home Sales (Oct)	India	GDP Q2	India	Manufacturing PMI (Nov)	US	Jobless Claims	India	Services and Composite PMI (Nov)
Japan	Retail Sales (Oct)	US	Fed Chairman Powell Testimony	US	Crude Oil inventories		OPEC Meeting	US	Nonfarm Payrolls (Nov)
Germany	CPI (Nov)	Euro	CPI (Nov)		ISM Manufacturing PMI (Nov)				Unemployment Rate (Nov)
				Euro	Manufacturing PMI (Nov)				ISM Non-Manufacturing PMI (Nov)
				China	Caixin Manufacturing PMI (Nov)			Britain	Services PMI (Nov)
									Composite PMI (Nov)

So what are you looking for to in the week? Share below

FancyyCosmonautt · November 28, 2021, 12:09pm

honestly looks like pain has just started… though you never know what the markets will do but at least for Monday we look set for another slide

TradeXMaster · November 29, 2021, 3:56am

Where are the screenshots taken from ? Any source ? @Tradingqna

Tradingqna · November 29, 2021, 2:11pm

Market Wrap: Benchmarks retraced from day’s highs to end marginally higher after Friday’s sell-off. Dow and Nasdaq futures indicate a positive start for US markets.

Brent Crude: 74.93 +4.67%
USD-INR Spot: 75.0975 +0.30%
India 10Y bond yield: 6.335% +0.08%

Amongst F&O stocks:

Dr. Lal PathLabs was the top gainer.
Delta Corp was the top loser.

Nifty IT was the only gainer for the day, while all other sectors continued on a downward trajectory with the Nifty Media and PSU Bank Index being top draggers with losses of over -2%

In the news

LIC gets RBI nod to increase stake in Kotak Mahindra Bank to 10%. Will make it the second-largest shareholder in the bank.

Hindujas too is readying $1.1 billion to hike stake in IndusInd Bank after RBI proposed to allow promoters of private banks to hold 26% stake.

Tata’s is in talks to buy the battery business of UK firm Johnson Matthey to help expand its EV business.

55 pharma companies qualify for the ₹15,000-crore PLI scheme.

Baring Asia offers to buy Carlyle’s 32% stake in PNB Housing Finance:

Reliance considering a bid for UK telecom firm BT, in early talks:

Net direct tax revenue rises 68% to Rs 6.92 lakh crore till November 23:

RBI supersedes Reliance Capital board, to start insolvency proceedings:

Around the world

Japan October retail sales rise for the first time in 3 months.

Nissan to spend $17.6 billion to accelerate electrification.

Omicron poses ‘very high’ global risk, countries must prepare, warns WHO

Oil prices rebounded today, after falling on Friday. Brent crude rose 4.3%, to $75.83 a barrel, while U.S. crude surged 5.1%, at $71.62 per barrel.

ShubhS9 · November 29, 2021, 2:44pm

Designed them

TradeXMaster · November 29, 2021, 4:16pm

Oh. That’s great! @ShubhS9

TIMEFRAME · November 30, 2021, 6:25am

Portfolio losses are being covered by ,on being by short sides

Tradingqna · November 30, 2021, 1:56pm

Nifty and Sensex took a U-Turn and slid by over 2% from day’s highs to end the session lower. Dow and Nasdaq futures indicate a negative start for US Markets after yesterday’s bounce.

Brent Crude: 71.25 -2.69%
USD-INR Spot: 75.16 +0.08%
India 10Y bond yield: 6.328% -0.11%

Amongst F&O stocks:

Navin Florine was the top gainer.
Tata Steel was the highest dragger.

Realty and IT were best performing sectors with gains of over half a percent. Nifty Metal was the top dragger.

In the news

India’s GDP grows at 8.4% in Q2, marking the fourth consecutive quarter of expansion.

Go Fashion made a stellar debut, surging 80% over issue price on debut.

India’s April - October fiscal deficit at 36.3% of full-year target (vs 119.7% same time last year) due to an improvement in the revenue collection.

Eight core industries’ growth rises to 7.5% in October:

Coal India to infuse Rs 19,650 cr to strengthen rail infrastructure.

India’s FMCG industry grew 12.6% YoY in Q2 against Q1’s 36.9%: NielsenIQ

Around the world

Moderna CEO warns Covid-19 shots less effective against Omicron, spooks markets.

Germany’s inflation at 5.2%, hits 29-year high in November:

Inflation across Eurozone hits record high of 4.9%:

UK competition regulator tells Facebook owner Meta to sell GIF maker Giphy:

Jock Dorsey steps down as Twitter CEO, Parag Agrawal to take over the reins.

Tradingqna · December 1, 2021, 1:44pm

Markets were upbeat today on the back of firm economic data. Both Nifty and Sensex surged by over 1%. US markets look set for a positive start after yesterday’s sell-off.

Brent Crude: 72.44 +4.64%
USD-INR Spot: 74.905 -0.34%
India 10Y bond yield: 6.353% +0.43%

Amongst F&O stocks:

Vodafone Idea was the highest gainer for the day surging by over 14%
Cipla, Metropolis, Alkem, Glenmark were the top draggers, sliding by over 4%.

All the major sectors except Nifty Pharma finished in green with PSU Bank and Metal’s leading the way, surging by over 2%.

In the news

GST collection November stands at ₹1.31 lakh crore, the second-highest since the rollout.

PMI manufacturing rises to a 10-month high in Nov on high domestic demand (PMI rose to 57.6 in November from 55.9 in the previous month, the highest figure since January this year)

Here’s a summary of Auto sales data for November: Auto Sector - Monthly Sales Data 🚖 - #3 by Prakashsingh

States improve fiscal position, but local bodies still suffer: RBI report

Cabinet likely to have discussed taking back one-time spectrum charges on telcos: Reports

Consumer durables makers revenue seen rising 20% this fiscal:

Nomura sees 40 bps reverse repo hike as CPI seen rising, growth recovering despite Omicron:

India faces record fertilizer subsidy in 2021-22

Global

Fed chairman Jerome Powell weighs earlier end to bond tapering amid hot inflation

Oil prices climb over 4% ahead of OPEC meeting despite Omicron concerns.

optionsiq · December 1, 2021, 3:20pm

A collection of 9 portfolio’s , 4 Momentum & 4 Alpha Low Vol Portfolios from Midcap-150 / SmallCap-250 / MidSmallCap - 400 / MicroCap-250 indices →

Manual of Momentum Nov 2021 Edition

Ravi18 · December 2, 2021, 9:45am

A perfect head & shoulders is forming on LIC Housing Finance weekly chart. Do you guys think it will go down?
I don’t think so.

Tradingqna · December 2, 2021, 1:53pm

Markets were in an upbeat mood for the second day running. Both Nifty and Sensex rose by over 1.3%. Dow and Nasdaq futures indicate a positive start for the US markets.

Brent Crude: 69.63 +1.1%
USD-INR Spot: 74.995 +0.12%
India 10Y bond yield: 6.353% 0.00%

Amongst F&O stocks:

GMR Infra was the top gainer, surging by over 7%.
Vedanta was the top loser.

All the sectors ended the day in green with Nifty IT leading the way, rising by over 2%.

In the news

Maruti Suzuki to hike in vehicle prices from January cites a rise in input costs.

L&T and ReNew Power ink partnership to tap emerging hydrogen business in India.

Slow exports growth sees India’s trade deficit rose to a record high of $23 billion.

Indian companies raise $1.34 billion from foreign markets in October; down 34% from last year, says RBI

Sebi cracks down on Telegram front-running scam

Around the World

U.S. to delay UK trade deal over post-Brexit concern - FT

Pfizer working on updated jab in response to Omicron variant: CEO

Oil climbs as investors focus on looming OPEC+ decision. Although the prices have fallen below $70 a barrel in the past week.

TIMEFRAME · December 2, 2021, 2:01pm

Even on monthly chart H&S formation is there , I assume LIC Housing Finance will breakdown

Ravi18 · December 2, 2021, 2:23pm

Hi @TIMEFRAME
I have based my assumptions (LICHF not breaking down despite H&S forming) on the following facts :

Forthcoming lic ipo
P/B less than one
Stock being around major multi year support zone (since Dec 2014, It breached this level only once during
covid fall in Feb 2020 but recovered back in Jan 2021).
BTW, today its price went up about 1% on 64% delivery volume (higher than ususal).

But never know, I may be wrong and looking only on the positives because I took long position on LICHF at these levels. Would appreciate your inputs.

Tradingqna · December 3, 2021, 1:36pm

Benchmarks snapped a two-day gaining streak to slide by over a -1% for the day. US markets too look set for a muted start.

Brent Crude: 71.62 +2.8%

USD-INR Spot: 75.1625 +0.22%

India 10Y bond yield: 6.371% +0.3%

Amongst F&O stocks:

Vodafone Idea surged by over 12% on news of DoT returning BGs to the tune of Rs. 12,000 crores.
PowerGrid was the top loser.

Media was the only gaining sector while all others finished in red. FMCG and Energy were top losers dropping by around -1% each.

In the news

FDI in the food processing sector was down by 54% to Rs 2,934 crore last fiscal.

India’s services sector activity in November registers the second-fastest pace of growth since July 2011.

Tega Industries IPO was subscribed by 219 times on the final day.

Airtel and Vodafone Idea will be getting back bank guarantees worth Rs 20000 cr from DoT

RBI new norms likely to increase NBFCs bad loans by one-third: Study

Around the World

Gita Gopinath to be promoted as IMF’s First Deputy Managing Director

China to ban banks, insurers from offering over-the-counter derivatives to individuals

Global equity funds see biggest outflow in over seven months - Lipper

TIMEFRAME · December 5, 2021, 6:01pm

Well considering the condition of the present Stock market ,
1.FIIs selling continuously , in-fact their selling is exceeded buying of DIIs this happens normally between December& January months +World markets are also falling, and Nifty 50 is in a downtrend, this rub off effect will be there on LIC Housing Fiancee.
2.Chartically LIC Housing is just hovering around its nearest support level of 368 & below pivot level of 389, not able to close above it. for me its just a bounce. , at best LIC Housing can be , in a range bound , i assume considering the present market condition LIC Housing will be breakdown further , its just my point of view , i may be wrong, its only the Market to prove.

TIMEFRAME · December 17, 2021, 10:06am

LIC HSGF broke its support & Trend-line of 368 level , i will be a buyer near 200 to 240 level