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Saturday, 29 December 2018

Canadian detained in China has been released

A Canadian citizen who was detained in China this month has returned to Canada after being released from custody, a Canadian government spokesman said on December 28.

The spokesman did not specify when the Canadian was released or returned to Canada. Earlier in the day, broadcaster CBC identified the citizen as Canadian teacher Sarah McIver.

China's Foreign Ministry said this month that McIver was undergoing "administrative punishment" for working illegally.

McIver was the third Canadian to be detained by China following the Dec. 1 arrest in Vancouver of Meng Wanzhou, chief financial officer of the Chinese telecommunications giant Huawei Technologies Co Ltd., but a Canadian official said there was no reason to believe that the woman's detention was linked to the earlier arrests.

Foreign Minister Chrystia Freeland did not mention the woman in calling for the release of the other two Canadians last week.

China's Foreign Ministry did not immediately respond to a request for comment.

On Saturday, a Chinese court will hear an appeal in the case of a Canadian citizen held on drugs charges, that could further test the tense relations between the two countries.

The high court in the city of Dalian in the northeastern province of Liaoning will hear the appeal of Robert Lloyd Schellenberg from 2 p.m. (0600 GMT), it said in a statement this week.

A Dalian government news portal said Schellenberg was a Canadian and that this was an appeal hearing after he was found by an earlier ruling to have smuggled "an enormous amount of drugs" into China.

Canada's government said this week it had been following the case for several years and providing consular assistance, but could provide no other details, citing privacy concerns.

Drugs offences are usually punished severely in China.

China executed a Briton caught smuggling heroin in 2009, prompting a British outcry over what it said was the lack of any mental health assessment.

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Source: Moneycontrol

MP CM Kamal Nath distributes portfolios; Bala Bachchan gets Home, Bhanot finance

Madhya Pradesh Chief Minister Kamal Nath distributed portfolios to his cabinet on December 28 evening, keeping Public Relations, Industrial Policy and Investment Promotion Department and Employment Department among others with himself, an official said.

Tribal MLA Bala Bachchan, who was minister in the previous Digvijay Singh-led Congress government, was given Home and Jail, while another senior MLA, Tulsi Silawat, got Health," the Public Relations department official said

Govind Rajput was allocated Revenue and Transport Department, while Tarun Bhanot was given the Finance Department.

Nath also kept Public Service Management Department and the Technical Education with him, he said.

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Source: Moneycontrol

Safety first while trading! Cost of hedging wouldn’t go beyond 3-4% of your position

In every few months, we do witness a high level of consensus in the market which is more often than not led by the price action but does induce a unidirectional view.

By the virtue of being trend followers, we shall never question the price action, but at the same time, it is equally true that market never rewards consensus.

One should not start taking contra bets but at least take precautions. It is a classic case for creating a hedge in the portfolio for just ‘in case’ circumstance.

It will be a wise move to pay a nuisance cost for a likely unforeseen event.

Let’s talk about ‘Hedging’ again today.

Financial dictionary adaptation of Hedge is ‘an investment to reduce the risk of adverse price movements in an asset’.

In simple words additional position that creates compensatory positive cash flows when the original position starts bleeding. A simple example is Life Insurance, a hedge against Death.

But, more than ‘what is hedge’, it is important is to understand How to and When to Hedge.

Taking a Hedge is most ideal and shall be inculcated as a natural instinct as and when there are extremes. Whenever we are in extreme fear (would kind of come naturally) or in extreme greed.

‘Fear’, I do not want to elaborate as any prudent trader would like to have a known loss strategy in the times of extreme pessimism, but convincing ourselves to do the same in the most hunky-dory times is difficult.

It is empirically proven that the house always wins; hence, in most of the over-optimistic times, there is a possibility that while the entire participation is in the gung-ho mood and the market has something entirely opposite planned for us.

Not many of us resort to Hedge may be just because of the very first characteristic of hedging, it comes at an irrecoverable cost.

The benefit is very simple -- our maximum loss is defined hence just track profits, do not track losses.

Now comes the answer to the question How to Hedge?

To hedge a position in cash (participating F&O stocks) & futures market, use options (Buy Put for Long Futures & Bought Stocks, Call for Short future).

Most of the times the cost of hedging wouldn’t go beyond 3-4% even if the hedge is kept for a good 20+ sessions. I have always found prudence in choosing the strike close to the current market price.

Now for the stocks, not participating in F&O, If one is trying to hedge a bunch of stocks against market falling then the following equation viz.

Contract value (Lot Size * Strike Price)of Index Put Options Bought = 2-3 X Portfolio Value, has made sense for me a few times. However many times behaviour of a peculiar portfolio could be very different, hence try resizing and exiting, keeping this hedging as last resort.

Last but not least, if it is about short options to be hedged, take a compensatory trade in higher call or lower put (OTMs) depending upon the position.

In case of entrapment into options that have gone in the money, I would rather Buy multiple of OTMs so that adverse move can be reasonably compensated.

While if one is trapped in the Long Option position, restrict selling options 1:1 unless otherwise it’s the week of expiry and one can keep a close track of it.

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Source: Moneycontrol

Sensex, Nifty gain 1%: Check out the market's performance this week in 5 charts

After a weak start for a truncated week, the Indian indices recovered from the lows and ended with a percent gain.

The Sensex rose 0.93 percent this week, or 334.65 points, to ending at 36,076.72, while Nifty was up 0.98 percent, or 105.9 points, to close at 10,859.9.

Ending the week with a Hammer candle implies strength. Hence, current bullish momentum may help the benchmark index challenging higher resistances placed around 10,940 and 10,980 levels, according to Stewart & Mackertich Wealth Management report.

On a weekly basis, the rupee appreciated 1.70 percent (Rs 1.21) against the dollar as it ended at 69.94 on December 29 against December 21, closing of 71.15 against the dollar.

The S&P BSE Largecap and Midcap index gained 0.94 percent and 0.70 percent, while S&P BSE Smallcap Index was ended down 0.19 percent.

The Nifty PSU Bank index has outperformed other sectoral indices with a gain of 3.65 percent during the week.

On the BSE, Reliance Industries (RIL) gained the most in terms of market value, followed by ITC, Adani Ports and HDFC.

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Source: Moneycontrol

Friday, 28 December 2018

Today Aluminium Updates Trading Rules

Buy Signal: When all the mcx aluminium short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx aluminium short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in aluminium. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in aluminium is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Source: Moneycontrol

Today Crude Updates Trading Rules

Buy Signal: When all the mcx crude oil short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx crude oil short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in crude oil. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in crude oil is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Source: Moneycontrol

Today Copper Updates Trading Rules

Buy Signal: When all the mcx copper short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx copper short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in copper. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in copper is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Today Lead Updates Trading Rules

Buy Signal: When all the mcx lead short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx lead short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in lead. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in lead is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Source: Moneycontrol

Today Nickel Updates Trading Rules

Buy Signal: When all the mcx nickel short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx nickel short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in nickel. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in nickel is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

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Source: Moneycontrol

Today Zinc Updates Trading Rules

Buy Signal: When all the mcx zinc short-term Exponential Moving Averages (EMA) crosses the long-term Exponential Moving Averages (EMA) from below, signals for a uptrend.

SELL Signal: When all the mcx zinc short-term Exponential Moving Averages (EMA) cross the long-term Exponential Moving Averages (EMA) from above, signals for a downtrend.

Trend Strength: Another application of Guppy multiple moving average system is to analyze the strength of the current trend in zinc. If the EMA lines of short term and long term moving averages are wide separated by a uniform distance then the trend in zinc is seen as stable. If there's no wide separation, then the prevailing trend is weak and vulnerable.

Visit: www.ripplesadvisory.com

Source: Moneycontrol