DEVILISHANGEL Says

But thats the problem. I need the data, the software analysis is a later part. Whatever i need software wise is doable on excel itself.

NSE data you can get easily for any stocks since the time it started trading. For any analysis , you need the OHLC and traded Volume of X stock for certain number of days. In case of derivatives , you also might need OI (open Interest) . What you are looking for is Bhavcopy . Its released on the NSE site , EOD(end of the day) and is available to all free of cost. If you are looking for 5 yrs past data , it wont be possible to download it day by day manually , like Punit said , just subscribe to any data vendor and you will have access to the required data at a nominal rate. And as long as you stay subscribed , you will get the EOD data directly sent to you by them , no need for manual searching on nSE site.
If you are looking for TA software , go for Amibroker or Metastock eyes closed. For free versions , look at Fibotrader or webotron.

@Punit
But yeah man there is a problem with regard to funding via Bank wire transfer which is why have seen most members use Credit cards , E-currency to fund , pvt banks allow you to fund your overseas fx accounts ?

hey but i have heard that forex trading is banned in india...............click this..............



Attention! - Forex trading is illegal in India!

Traderji ka forex section ki baat hi maat karo , only few serious FX traders are there, most are interested in legality rather than trading and if you go to Forexfactory , you will see how many fx traders from our very own India are there , including some very active members.

DEVILISHANGEL Says

I need the data, the software analysis is a later part.

Dood google karo... its totally free.

agar nahi mile to get back to me some vendors give 5-10yrs of data for less than 500Rs.

How things works is people maintain a database of OHLC prices for past several years... you can get it free by searching or many data vendors provide for small price. I have a personalized databse of most liquid 200 stocks in NSE.

Once you have the data.. even writing excel macros will answer such basic queries.

Alternatively a far more efficient way is to get a technical analysis software which supports coding. Fibotrader is a free one. Amibroker is one of the best and not really expensive.

But thats the problem. I need the data, the software analysis is a later part. Whatever i need software wise is doable on excel itself.

DEVILISHANGEL Says

...It shows you percentage wise and real terms gains for THAT DAY ONLY. I need the same for xx/yy/zzzz or ANY DAY IN THE PAST - well, a year worth of data would do but its best if it spans 2-3 years atelast. Is that possible for Indian stocks in the bse?

How things works is people maintain a database of OHLC prices for past several years... you can get it free by searching or many data vendors provide for small price. I have a personalized databse of most liquid 200 stocks in NSE.

Once you have the data.. even writing excel macros will answer such basic queries.

Alternatively a far more efficient way is to get a technical analysis software which supports coding. Fibotrader is a free one. Amibroker is one of the best and not really expensive.

Most traders maintain their own database, including me.

Price data is easy to download- just google.

Back-adjusting data is an easy job... shoot your queries and I will be willing to answer.

Go here -> Dashboard - NDTV Profit

Click on the website->click BSE-ALL on the top left screen->click on GAINERS->It shows you percentage wise and real terms gains for THAT DAY ONLY. I need the same for xx/yy/zzzz or ANY DAY IN THE PAST - well, a year worth of data would do but its best if it spans 2-3 years atelast. Is that possible for Indian stocks in the bse?

Datastream, Thompson financial are financial databases that are used for research and usually contains tonnes of data related to stock markets and also other financial and economic data.

Most traders maintain their own database, including me.

Price data is easy to download- just google.

Back-adjusting data is an easy job... shoot your queries and I will be willing to answer.

Zangestu- replied to PM.
................................................................

Public forums are good for reference like an encyclopedia. You cannot - rather should not- expect serious business talk there.

Forex trading is absolutely legal.
Check with Foreign Exchange Trading, ECN Brokerage Services or http://www.interactivebrokers.co.in/en/main.php

Just came across this thread for the first time in 2 years . wow, lotsa interesting discussion going on.
Punit , you shared a link of inditraders , anychance you member in traderji also and are you currently trading FX live also ? Have some queries , sent you a PM , do reply.
Saw some posts about TA(Technical analysis) . Well with help of TA , you can certainly have a regular source of income from trading , but do remember the prices doesnt rise or fall just because there is a EMA crossover or the stochastics are overbought. Am not telling you to trade blind without charts or by CNBC's advice but instead of concentrating on too much indicators , try to trade by watching naked price action on charts. Google about this guy - Avery Horton aka TRO , the only TA this guy uses are straight lines(yes ,S/R) . Just my 0.02$.

hey but i have heard that forex trading is banned in india...............click this..............



http://www.traderji.com/forex/15091-attention-forex-trading-illegal-india.html

Just came across this thread for the first time in 2 years . wow, lotsa interesting discussion going on.
Punit , you shared a link of inditraders , anychance you member in traderji also and are you currently trading FX live also ? Have some queries , sent you a PM , do reply.
Saw some posts about TA(Technical analysis) . Well with help of TA , you can certainly have a regular source of income from trading , but do remember the prices doesnt rise or fall just because there is a EMA crossover or the stochastics are overbought. Am not telling you to trade blind without charts or by CNBC's advice but instead of concentrating on too much indicators , try to trade by watching naked price action on charts. Google about this guy - Avery Horton aka TRO , the only TA this guy uses are straight lines(yes ,S/R) . Just my 0.02$.

dinesh_hem2000 Says

how can we access these databases?? they seem to be paid.. so any idea about charges?

If you are studying in a decent B School they usually have access to most important databases. If not then I assume Investment banks and Brokers use these databases. I cant think of any other way in which you can access them. Sorry.

Hi, I will try and make it easier.

Go here -> Dashboard - NDTV Profit

Click on the website->click BSE-ALL on the top left screen->click on GAINERS->It shows you percentage wise and real terms gains for THAT DAY ONLY. I need the same for xx/yy/zzzz or ANY DAY IN THE PAST - well, a year worth of data would do but its best if it spans 2-3 years atelast. Is that possible for Indian stocks in the bse?

National Stock Exchange of India Ltd. .. Click on Equity --> Click on Market Information--> Click on Historical Data and you will get the closing price, the Lowest Price, the Opening Price, the Highest Price, Quantity traded and the previous day closing for any date from when the stock has begun trading to the present. You can calculate the % returns and price returns from this data in a few seconds.

You need to check if data for only gainers are provided, I am not entirely sure. When I was doing my thesis I got all the data I wanted from the NSE website, but you need to spend some time exploring it.

Adjusted data is data adjusted for stock splits, bonus etc. which changes the price of the stock, but not due to changes in fundamentals.

If you are doing research it is necessary you use adjusted data or you risk the chance of getting spurious results.

Datastream, Thompson financial are financial databases that are used for research and usually contains tonnes of data related to stock markets and also other financial and economic data.

how can we access these databases?? they seem to be paid.. so any idea about charges?

@devil money.rediff provides u daily, weekly and monthly gainers/loosers list. But u wont find more than month.

Hi, I will try and make it easier.

Go here -> Dashboard - NDTV Profit

Click on the website->click BSE-ALL on the top left screen->click on GAINERS->It shows you percentage wise and real terms gains for THAT DAY ONLY. I need the same for xx/yy/zzzz or ANY DAY IN THE PAST - well, a year worth of data would do but its best if it spans 2-3 years atelast. Is that possible for Indian stocks in the bse?

dinesh_hem2000 Says

What is adjusted data? Also can you tell about the databases you mentioned?

Adjusted data is data adjusted for stock splits, bonus etc. which changes the price of the stock, but not due to changes in fundamentals.

If you are doing research it is necessary you use adjusted data or you risk the chance of getting spurious results.

Datastream, Thompson financial are financial databases that are used for research and usually contains tonnes of data related to stock markets and also other financial and economic data.

Well, the NSE website has a record of the closing values for about the past couple of decades. You can easily calculate the % returns from this data. But it is not adjusted data, for adjusted data you will have to use a database (like datastream, thompson financials etc., if you have stock borkers, investment bankers as friends they should have access to these databases) that usually gives both adjusted and non adjusted data.

Cheers

What is adjusted data? Also can you tell about the databases you mentioned?

Repost....

Need some help.

I need a way to see daily history of the Indian Stock Market from the past.
Stock Market history of Daily gainers and Daily losers (in percentage and real price terms) over a considerable period of time.
Even a paid subscription would do but a free subscription would be preferred.

Would be a great help.

Thanx in Advance.

Well, the NSE website has a record of the closing values for about the past couple of decades. You can easily calculate the % returns from this data. But it is not adjusted data, for adjusted data you will have to use a database (like datastream, thompson financials etc., if you have stock borkers, investment bankers as friends they should have access to these databases) that usually gives both adjusted and non adjusted data.

Edit: Did not see the last couple of posts before I posted. Anyway I think the NSE website does have gainers and losers for the day. Explore the website thoroughly, if you dont find what you want call up NSE they provide data for research but that will be a paid service.

dinesh_hem2000 Says

You can check out BSE website.. There under archives you can find previous days rates etc.. You can find more than just prices on that site.. ratios like P/E, beta, volatility, etc can also be find related to a script.

Lets suppose i need to see history of 13/04/2010 or xx/yy/zzzz - the list of gainers, losers and their move in terms of percentage and real price. Can that happen? I need a website that does this for BSE.

finmark Says

how much useful is technical analysis overall...compared to fundamental analysis..when I was in college..most of the guys said that companies and brokerage firms usually recruit fundamental analysis guys and market technicians are just for supporting their (fundamental analysis guys') view points and that no firm trades solely or majorly based on the news of technical guys..

Markets are not made by either fundamental analysts or technical analysts. Its rather made by the astute call of the investor who bases his decision on both of them equally plus other signs. At the end of the day, its the prerogative of the investor.

Fundamental analysts generally have a more broader expertise in financial and economic areas and understand the psychology of companies.
Technical Analysts are people who NEED to be very good at their technical stuff hence they are most of the time super-specialised or rather have to be super-specialised in their working knowledge of market technicals. Exceptionally good technical analysts will just look at a stock, do their calculations and tell you if its worth the pain.

Its a myriad of opinions, don't bother about all this. do things which naturally come to you. you should only need to know what works best for you and what you believe in.

Need some help.

I need a way to see daily history of the Indian Stock Market from the past.
Stock Market history of Daily gainers and Daily losers (in percentage and real price terms) over a considerable period of time.
Even a paid subscription would do but a free subscription would be preferred.

Would be a great help.

Thanx in Advance.

You can check out BSE website.. There under archives you can find previous days rates etc.. You can find more than just prices on that site.. ratios like P/E, beta, volatility, etc can also be find related to a script.

Need some help.

I need a way to see daily history of the Indian Stock Market from the past.
Stock Market history of Daily gainers and Daily losers (in percentage and real price terms) over a considerable period of time.
Even a paid subscription would do but a free subscription would be preferred.

Would be a great help.

Thanx in Advance.

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

For a fact, very few exceptionally good books you will find in India that pertains to trade. The world renowned books are pretty costly except a few ad most Indian book stores don't take the chance and bring them here.
More often then not I order stuff from outside. Its way much easier and the books are actually worth the money you pay.

finmark Says

how much useful is technical analysis overall...compared to fundamental analysis..

Why not check yourself the trading style of self-made billionaires: Trading Hall of Fame - indiTraders - Forum for the Active Indian Trader

DEVILISHANGEL Says

No one can "tell you" technical analysis. You have to study and find out for yourself.

how much useful is technical analysis overall...compared to fundamental analysis..when I was in college..most of the guys said that companies and brokerage firms usually recruit fundamental analysis guys and market technicians are just for supporting their (fundamental analysis guys') view points and that no firm trades solely or majorly based on the news of technical guys..

Try indiaplaza too. One of the cheapest websites around for ordering books.
Will be a good deal if you have a credit card with a good scheme.

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

ABCLIKS Says

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

Try Flipkart.com: Buy Books Online @ Book Store in India: Online Bookstore

finmark Says

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

Yup, Murphy's book is very informative. But i didnt find it in the book stalls of Mumbai. Where can i get it?

finmark Says

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

i am a newbie in intra day trading, but what i always see and have profited from is tht the weak market hypothesis does not work in intra day trading 99% of the time, and i actually made profits from it.

vishnu sharma Says

Dude what you recomend fir reading then.

I found John J Murphy's book "Technical Analysis of the financial markets" very informative (altho I read only first 100 pages of it)..other than I would recommend Investopedia.com..they have a series of articles on technical analysis..

DEVILISHANGEL Says

No one can "tell you" technical analysis. You have to study and find out for yourself.

Dude what you recomend fir reading then.

A Role Model Trader: Deepak Shenoy: About Me | Capital Mind

I know it takes a lot of time.. I have been there done that
But I play on instincts .. Wanted to know if any proven technicals can be used for intraday..
Also I dont like to go by broker's advice...:nono:
So if you have any idea about the technical methods then plz tell.

No one can "tell you" technical analysis. You have to study and find out for yourself.

punit.s Says

............................

Can you share your profile if its fine by you?

punit.s Says

............................

Can you give any good links where I can learn them as well as find graphs for Indian stocks in real time?

............................

Get started with some good books:

1. Japanese Candlestick Charting Techniques: Steve Nison
   
2. Technical Analysis: the complete resource for financial market technicians- Pring
   
3. Trading Systems And Methods- Kaufman
   

Feel free to post back here all type of queries regarding TA... you are likely to get many

I know it takes a lot of time.. I have been there done that
But I play on instincts .. Wanted to know if any proven technicals can be used for intraday..
Also I dont like to go by broker's advice...:nono:
So if you have any idea about the technical methods then plz tell.

Anybody does intraday trading here?
If yes, then how do you trade... I mean do you trade based on technicals or just the play on instinct

It's gonna eat lot of your time.
Also for making any significant money the operating costs are considerable... charting service, good broker, lots of screen time.

intraday trading is not for beginners

Some amusement BTW
Ashwani Gujral Complaints
ashwanigujral.com Complaints
ATA, India - Home

I read all the complaints and my god this guy is a thug!
Beware everyone!

Anybody does intraday trading here?
If yes, then how do you trade... I mean do you trade based on technicals or just the play on instinct

If you play on technicals and have good record then which methods do you use.. any useful websites for the same would be appreciated.

I personally dont like Ashwini gujral.. that dude seems a big crook to me..
However there is one guy I admire.. SP Tulsian.. He comes on TV shows and has a website too.. Seems pretty knowledgeable to me

Some amusement BTW
Ashwani Gujral Complaints
ashwanigujral.com Complaints
http://www.taindia.memberlodge.org/

dinesh_hem2000 Says

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..

market netural does not mean absence of risk!
many have misunderstood the concept of arbitrage

In markets if you are not willing to take risk there is nothing better than the risk free return that is what bank gives on savings account

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..
Why would you say huge capital requirements for it ... 3-4 Lacs should be fine to start with I suppose plus the leverage you get from your broker

As far as my knowledge goes, its also illegal in India for a retail investor to automate his/her trades :)
You can only buy such a software if
a)You are a direct exchange member
b)You have a customised platform/trading interface that can take the automated signals and induce trade on your behalf. Since its illegal, No brokerage provides this kind of compatibility.

In my mind, Its good that SEBI has these norms in place because it only caters to speculators and short-time investors, both of which are unwelcoming to any society or its companies. The basic reason for stock market is to infuse wealth in good companies, punish the bad ones, give impetus to growth of good companies and democratise money

Most people take to market for speculation but thats not the most profitable way out because if that were the case then you wouldn't hear about people who live so frugally that they only drive second hand cars pounded by hailstones after being named best fund managers of the world and getting their names in the top of the forbes rich list. Investment is a habit, if you nurture good habits the market will gift you and if you nurture bad ones then the market will punish .

Recently enough, the Dow Jones Industrial Average declined by 998.50 points or 9.2 % which was the highest intraday decline since its inception in May 26, 1896 because of which there was a huge uproar when the markets crashed due to such automated trading triggers which basically tipped automated selling signals on and sent the market down in a spiral, because of the same US-the capitol of capitalism-for the first time in its history is going to test financial market circuit breakers which will stop the trading of a particular share for 5 mins when its price fluctuates by 10% up or down in a 5 minute period.

But what in my mind is not speculation or short-term investing?
Something which you thoroughly understand or can predict (but the mathematical probability of which isn't 100%)
Ex - Forex trading is heavily related to economics and news.
like
a) When Lehman went bankrupt, traders sold off positions in stocks and commodities and had to hide in US treasuries (majorly) so the $ went up.
b) When Bernanke said, the US fed was being too generous in printing money-thereby devaluing the dollar- so the $ went down.

Both the situations were highly predictable and patterned.

As an aside, this is why i reiterate India needs more Economists (and not just engineers) who stay in India (and not chair Harvard or Imperial professor chairs ) to understand the deep implications of such things. Unfortunately, none of that is going to happen anytime soon and atleast the people who understand economics are not much welcome in our MBA society, where as, like i always say, harvard takes in 40% just pure humanities (mostly economics) and 26% pure business grads, about 22% pure science and about 11% engineers-if i divide equally (Don't get me wrong, I don't want to be controversial here).

There is also a big golden rule of the markets, as i see it - Anything that has no risk is either illegal or is of no value

why its unrealistic.. As there are no risks .. its ideal for retail investors I think..
Why would you say huge capital requirements for it ... 3-4 Lacs should be fine to start with I suppose plus the leverage you get from your broker

I was just reading about arbitrage opportunities and heard some software CD's are being sold in the market which will execute trades on your behalf as the opportunities arise... Has anyone heard about this??
As it is automated, it would be much faster than a human.. so greater probability of executing the trade.. as arbitrage opportunities disappear fast

I dont think its realistic for a retail investor. Also huge capital requirement is a constraint.

I was just reading about arbitrage opportunities and heard some software CD's are being sold in the market which will execute trades on your behalf as the opportunities arise... Has anyone heard about this??
As it is automated, it would be much faster than a human.. so greater probability of executing the trade.. as arbitrage opportunities disappear fast

yes, heard a lot about it but you need to have enough surplus of cash + huge heart to really go for it plus its not really recommended for retail investors infact, is it even possible for a retail investor in India? to use automated opportunities in arbitrage? I certainly don't think its reliable enough, what if there is a technical glitch? which is a possibility in the indian trading scene.

I was just reading about arbitrage opportunities and heard some software CD's are being sold in the market which will execute trades on your behalf as the opportunities arise... Has anyone heard about this??
As it is automated, it would be much faster than a human.. so greater probability of executing the trade.. as arbitrage opportunities disappear fast

Directional Trading Styles used by Hedge Funds:

1. Market Neutral - Securities Hedging: Invests equally in long and short equity portfolios generally in the same sectors of the market. Market risk is greatly reduced, but effective stock analysis and stock picking is essential to obtaining meaningful results. Leverage may be used to enhance returns. Usually low or no correlation to the market. Sometimes uses market index futures to hedge out systematic (market) risk. Relative benchmark index usually T-bills. Expected Volatility: Low
   
2. Market Timing: Allocates assets among different asset classes depending on the manager's view of the economic or market outlook. Portfolio emphasis may swing widely between asset classes. Unpredictability of market movements and the difficulty of timing entry and exit from markets adds to the volatility of this strategy. Expected Volatility: High
   
3. Opportunistic: Investment theme changes from strategy to strategy as opportunities arise to profit from events such as IPOs, sudden price changes often caused by an interim earnings disappointment, hostile bids, and other event-driven opportunities. May utilize several of these investing styles at a given time and is not restricted to any particular investment approach or asset class. Expected Volatility: Variable
   
4. Multi Strategy: Investment approach is diversified by employing various strategies simultaneously to realize short- and long-term gains. Other strategies may include systems trading such as trend following and various diversified technical strategies. This style of investing allows the manager to overweight or underweight different strategies to best capitalize on current investment opportunities. Expected Volatility: Variable
   
5. Special Situations: Invests in event-driven situations such as mergers, hostile takeovers, reorganizations, or leveraged buy outs. May involve simultaneous purchase of stock in companies being acquired, and the sale of stock in its acquirer, hoping to profit from the spread between the current market price and the ultimate purchase price of the company. May also utilize derivatives to leverage returns and to hedge out interest rate and/or market risk. Results generally not dependent on direction of market. Expected Volatility: Moderate
   
6. Value: Invests in securities perceived to be selling at deep discounts to their intrinsic or potential worth. Such securities may be out of favour or underfollowed by analysts. Long-term holding, patience, and strong discipline are often required until the ultimate value is recognized by the market. Expected Volatility: Low - Moderate
   

Where did you get that kind of info?

not intended for the general public
............................................................
OK, things always get leaked out

punit.s Says

I have a log of his trades with which he made 1000% return; will try to find out.

Where did you get that kind of info?

Actually during the same time period when he made those surreal trades to win the competition; he lost money in the account of his clients as a fund manager. He was booked by the SEC for misguiding investors with the talk about winning the trading championship :)

Hmm and this is why its very hard to trust traders unless you have traded yourself.

DEVILISHANGEL Says

Nonetheless, the things written in the book don't exactly seem like 1000% return monthly that he seemed to have got over a year or two, Teaching the same to her daughter at age 16-So i hope he writes a better book before he passes away

I have a log of his trades with which he made 1000% return; will try to find out.

Actually during the same time period when he made those surreal trades to win the competition; he lost money in the account of his clients as a fund manager. He was booked by the SEC for misguiding investors with the talk about winning the trading championship :)

Not much impressed, in my teens use to dream about dating his daughter though

Just do google search, tons of books and articles for beginners, from Mr. Williams :)

Actually there is nothing like being a puritan, whether it's about TA or FA, when it comes to trading as business in markets.

Yes, I have seen some of his books but only his "long term secret to short term trading" was nice enough. Others are just recycling this same book. Nonetheless, the things written in the book don't exactly seem like 1000% return monthly that he seemed to have got over a year or two, Teaching the same to her daughter at age 16-So i hope he writes a better book before he passes away, same is true for people like buffet although enough has been write by and for him, he needs to write a definitive guide to markets as he sees it.

Another thing with george soros, Everyone keeps hearing about 1.1 billion he made in one evening in betting against the british pound but not enough people know about his 600 million losses. so absolutely no one is perfect.
an amazing quote by soros- "I'm only rich because I know when I'm wrong... I basically have survived by recognizing my mistakes."

But there is one thing that doesn't change - All most all major investors were either bachelors, masters or phd students in economics and thats no fluke, as i understand it.

Yeah, No Puritans, true.

but a guy called Larry Williams fascinates me, although i don't think he shares his secrets.

Just do google search, tons of books and articles for beginners, from Mr. Williams :)

Actually there is nothing like being a puritan, whether it's about TA or FA, when it comes to trading as business in markets.

"How to Make Money Trading with Charts" by Ashwani Gujral

Ye padh lo. Haan, international standard nahi hai. Par apna market ke liye bahut acchha hai. Newbie ke liye. Bahot sara example diya hai..

Books not all that good.
Examples are retrofitted and even an idiot is a genius in hindsight.
When you look for patterns look for generalised patterns if any.

punit.s Says

"technical analysis" is the most abused, BS and spam phrase used on internet. If you want to know about real TA visit: MTA - Investment Analyst Professionals - Chartered Market Technicians The whole HF industry and worlds billionaire Trading Hall of Fame - indiTraders - Forum for the Active Indian Trader use TA in some form

Ofcourse everyone uses some form of TA but its over-rated by most newbies. Most people who have a proven track record including warren buffet, charles munger, sir john templeton, george soros,
rely much more heavily on fundamental analysis and economics rather than on pure technical analysis (ta).
but a guy called Larry Williams fascinates me, although i don't think he shares his secrets.

A honest advise to all: When it comes to trading strategies, 'redundant information' is equivalent to 'misinformation'; becuase if you bet on redundant information, the market punishes you.

punit.s Says

I can rip off Mr. Gujral, with all due respects If anybody is interested, just tell me

Hahaha I know...! Plz dont do that...!!!. Just said its good for a newbie. We hardly find a good technical analysis book in the context of Indian Market. Better something than nothing...! Aur use padhne me burai kya hai....!