CNBC TV18 Bull’s Eye – How Ashish Kyal, CMT won consecutive 4th time? Stock analysis!

It is an amazing feeling to win Bull’s Eye trade show for the 4th time in a row. And interestingly all the other participants had been negative during this period. Below give a brief about the various trades taken during the week of 26th March.

The week of 26th March was a truncated one with only 3 trading sessions. But it was challenging as Nifty was not trending in any direction.

The most important things I followed to win for the 4th consecutive time was to analyse the direction of Nifty by using tools like Elliott wave, Neo wave and other technical indicators like Moving averages, Channels. Once there is clarity on where the major index is headed it becomes easy to understand how many trades out of total 4 allowed each day should be on the long side or short side.

26rd March trades:  Stock tips – Buy: Marico & Titan Short: Capital First & Chennai Petro

Nifty was in the down trend prior to 26th March but it was close to the multi-week channel support. As the bias was negative it was prudent to have a few positions on the short side. At the same time since we were expecting a positive reversal the stocks that were outperforming and defensive were picked up. Both Marico and Titan belong to the consumer sector and did not participate in the downtrend. Infact, as soon as markets stabilized these stocks reversed back on upside sharply exactly as expected. Chennai petro on the other hand cracked as it was in strong momentum on downside. This helped us to be ahead by substantial margin in the first week itself.

27th March trades:  Stock tips – Buy: Balkrishna Industries, Apollo Tyre & Bata; Short: HDIL

Nifty managed to close above the high of prior day which indicated that the overall trend might be changing. So we went long on 3 stocks and as the crucial resistances were still not broken we stayed short on one stock – HDIL. This was a quiet day as Nifty formed DOJI with no clear direction.

28th March trades:  Stock tips – Buy: Muthoot Finance, Nestle & Cyient; Short: Cummins India

The week was favourable to defensive and IT stocks. So I decided to go long on Nestle and Cyient. Muthoot Finance formed a higher highs and higher lows after a while and there was possibility of very short term reversal. Cummins India continued to be a major loser and the momentum was strong on downside. Interestingly, Nifty corrected by more than 70 points on 28th March but all of the long stocks closed positive and Cummins on which I was short closed negative. This clearly helped me to stand apart from the other contestants who relatively underperformed as market direction was challenging.

In a nutshell, this is yet another consecutive win on CNBC TV18 and 4th time in a row. We are using similar methods to generate intraday calls for our Intraday / Positional advisory services.

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Stocks trading strategy and trades to win another CNBC TV18 Bull’s Eye trade show

I am glad to share across another win on CNBC TV18 trade show with substantial margin when the other contestants were negative:

12th February trades:  Stock tips – Buy: Abbott, SAIL, First Source solution Short: Glanmark Pharma

The week started with a Gap up in Nifty which showed the bullish nature in the market. Abbott was given a buy call when the prices were in favour with MACD and had shown a good rally in 1st hour of the market. SAIL & First Source started its week following NIFTY with a Gap-up which was a good sign to take a long position along with the confirmation of Accumulation & Distribution indicator which showed the buying pressure in both the stocks. Glenmark Pharma had ended with a Doji structure in the previous trading session after a strong selloff. Continuous red bars showed the decision of the market and so, I recommended a short on the Glenmark Pharma. All the stocks went in favour and rallied by more than 5% to 7%.

14th February trades:  Stock tips – Buy: Adani Ent, Cholamandalam Finance, L&T Infotech, Abbott

Nifty had opened with a bigger gap-up then its previous days Gap-up. Hence, I had bullish eye to select potential up-trend stocks. All four stocks that I recommended had followed Nifty to open with a big Gap-up. After opening Adani with 2 Gap-ups in the week, the stock showed a good call to go long. Also the stock maintained its level above 7day SMA. Cholamandalam and L&T Infotech started the day on a positive note bouncing on 7-day SMA making long green candles which indicated the potential up-move in the stock.

15th February trades:  Stock tips – Buy: Ashok Leyland, KEC, L&T Infotech, NCC

After Nifty opening with a Gap-up on the 3rd day, I selected all 4 stocks for long positions. Since the overall bias on Nifty was positive I selected all stocks for buy calls. Also IT cycle has turned positive and L&T infotech was outperforming with strong Elliott wave pattern.

16th February trades:  Stock tips – Buy: Bombay Dyeing, Pfizer. Short: Repco Home, MSumi Sumi

Nifty started with a positive note but could not survive the 4th Gap-up and plummeted for straight 4 hours. Repco Home and Mother Sumi were classic bets that showed sharp fall after opening. These stocks have been very weak and did not rally the previous days when Nifty was moving higher. This itself showed stark underperformance and they were supposed to start wave iii on downside.  In addition to that, both stocks were trading below their 7&14-SMA.

The above strategy clearly highlights the fact that knowing the internal Elliott wave pattern of individual stocks along with Nifty direction is extremely important. It is not necessary that you will make money by simply being long on any stocks in the current market. Stock selection based on Moving averages, Channels, Elliott wave and much more is required.

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Learn the detailed process of Stock selection, Portfolio creation, Intraday trade setups using above methods. The above is a proof of how brilliantly the techniques work. I will be discussing in detail all of these methods – how to buy in morning and sell in evening to how to create portfolio of stocks for investments. More details about the upcoming training click here