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Raunaq Murarka, CMT

Raunaq Murarka, CMT

Raunaq Murarka, CMT, is a Technical Research Analyst at Axis Securities.

He started as a Research Associate in a small firm analyzing US equities in early 2016 and slowly stepped up the game landing at Axis Securities as a Technical Research Analyst.

His biggest achievement would be trying something outside work and excelling at it. And that would be photography. His hobbies include travelling and listening to rock music. He believes that failure is the fastest way to gain success and setting short term goals can help you achieve the long term one.

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            [post_content] => Hello Readers!

What a great beginning we’ve had to 2021! The stock market has become the most popular kid in class, and the events that unfolded over the last month have done more than enough to draw extra attention and eyeballs to our star performer.

It’s a fascinating world where although similar patterns repeat or rhyme across different time frames, there are certain events that manage to throw a surprise party for all the participants and bystanders. Regardless of your relationship with the market, you now probably have a decent idea about what a “short squeeze” is and what GME, AMC and BB stand for; or at least know why they've been in the news.

The beauty of being a part of this field is that while human nature means that predictable patterns can be tracked during different phases of a market cycle, the unpredictability of an independent thinking brain has the power to challenge established ideas and perceptions. These challenges offer valuable golden lessons if you’re one who looks to learn from just about anything and everything that unravels/unfolds around you. While I have my list of lessons that I’ve learnt from such events, I’d like to hear what your biggest takeaways were.

We’ve all heard the phrase “Survival of the Fittest” and the market is a living embodiment of this saying since market participants revise this concept over and over again across different time frames. If the market was an Immigration Officer and you were going to the US (participating in the market), you will not be left alone unless you answer the most important question: What is the purpose of your visit? Once you figure out what the answer to this question is, your relationship with the market becomes amicable. It becomes easier to gauge the sentiment and direction of a given move when the purpose is clear.

This edition presents a couple of perceptions about the US Dollar outlook, an informative round-up of Nifty50, a short introduction to understanding Relative Strength Charts and a very important lesson on how the Markets Discount Everything!

If you have any questions or anything in particular you’d like to read about in the upcoming editions, do reach out to us.

 

Until next time, think Technically!

 

Rashmi Shastry, CMT
Editor
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            [post_content] => Hello Readers!  

Wishing all of you a prosperous and healthy Diwali in advance. May this festival light up your lives, both personally and professionally! 

The recently concluded CMT 2020 India Virtual Summit was a great successWorld class speakers graced us with their virtual presenceand I can confidently say that there are decades of learnings in the recordings of these sessions that any analyst would benefit from immensely! A big thank you to all the Speakers and participants for making this Summit a memorable one. For all those who missed it, we have compiled some session descriptions and have dedicated this edition of the Newsletter to the Summit. There’s GOLD in these sessions, so do make sure that you go through them before the online video recordings expire on November 16, 2020!   

If you had already registered for the Summit, log back in to your digital event guide to access the recordings. If you hadn't registered for the Summit, you can register to view the recordings here https://cmtassociation.org/events/2020-india-regional-summit/

As a market participant, there are certain concepts that you learn through personal, rigorous study and certain concepts that you learn by simply being a part of the system. I recently came across interesting analogies in Sanskrit and found it quite relevant to us. 

Markata Kishor Nyayam: (Baby monkey principle/law) 

You must’ve noticed that the mother monkey moves swiftly from one branch to another while the baby monkey hangs on with a tight grip so as to not fall. Here, the baby focuses on the grip, while the mother focuses on movement alone.  

Marjaala Kishor Nyayam: (Baby cat principle/law) 

A mother cat carries its kitten in its mouth to move them to safety or to a different location. Here, the onus lies on the mother to make sure that she doesn’t drop or hurt the kitten while holding on to it with a delicate balance of grip and care. The kitten surrenders itself to the mother. 

As traders and analysts we spend countless hours understanding various aspects of the market by holding on to it with a tight grip, as it swings from bull cycles to bear cycles, just like a baby monkey holds on to its mother. There are also times when we understand concepts by being part of the market where the market guides us and helps us, just like a mother cat doesOne cannot always be as tenacious as a baby monkey or as laid back as a kitten. It is a combination of these two approaches that leads to a fulfilling understanding of a subject. 

In order to improve our trade, it is imperative to revisit the involuntary errors we make and work towards overcoming them together: 
  1. I will refrain from saying “I told you so” (this one is particularly difficult in our field) 
  2. I will not compare my Chapter 8 to someone else’s Chapter 20  
  3. I will not blame the market for my errors (this is just convenient. Why would the market single you out?)  
  4. will exit the trade once it has triggered my stop loss; not average it (aren’t all of us guilty of this at some point?) 
  5. I will identify patterns on charts without forcing them (if I just tweak the lines a little, I can make it look like a triangle…maybe) 
  6. I will focus on being unbiased (My way or the highway really doesn’t work here) 
These are some of my New Year resolutions. I figured I might as well get an early start. You are free to borrow and build on them!    Until the next time,   Rashmi Shastry, CMT [post_title] => Technical Insights - November 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-november-2020 [to_ping] => [pinged] => [post_modified] => 2020-11-09 15:53:34 [post_modified_gmt] => 2020-11-09 20:53:34 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=53436 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 570965 [post_id] => 53436 [meta_key] => newsletter_content_5_contributor [meta_value] => a:3:{i:0;s:5:"52785";i:1;s:4:"1024";i:2;s:5:"53084";} ) [2] => stdClass Object ( [ID] => 53096 [post_author] => 3815607 [post_date] => 2020-10-02 16:40:05 [post_date_gmt] => 2020-10-02 20:40:05 [post_content] =>
Welcome, Readers, to the second edition of Technical Insights, for October 2020.
Change is Constant.
This statement is a fun oxymoron but change is not easy to keep up with. Humans have evolved exponentially since the beginning of time and this can be attributed to one very important factor-Adaptability. Since change is constant, only those who adapt, will survive. Consider this, if the stock market is a whole world of its own, all the stocks are like people in it. Stocks react much like the people around us. Some are stable, some are temperamental, some are active, and some are passive, and so on. Stocks have different personalities because they reflect their traders’ traits. Treat them as your friends and recognize their traits in order to comprehend their trends.
Understanding this universe leads to effective analysis.  Market participants take some time to build their systems and strategies in order to be on the right side of the market more often than not. Most people learn through trial and error over a considerable period. While experience is a very important aspect in the market, one cannot wait for things to happen to experience all kinds of scenarios. For that matter, one wouldn’t hope for a market to crash, just to learn how to react to it better! Therefore, it is a smart move to learn from those who have been a part of the market for longer and have spent more time honing their own skills. Just like books, human beings themselves are a source of immense knowledge!
The pandemic took over our lives for a better part of the year. It has given us time to pause and reflect on our actions and goals. These trying times are opportunities to enhance our existing skill set. A new normal is waiting for us at the horizon, and we must be prepared for it. In keeping with the idea of learning from experiences of others, the CMT Association is hosting the second edition of the Annual (now Virtual) Summit on 10 and 11 of October. Speakers from across the globe will share their views, strategies, tips and tricks, to help you befriend stocks quickly.
I have had the good fortune of listening to sessions by some of these speakers before, and I guarantee you, you are in for a treat! Various styles of trading and analysis will be showcased by individuals currently placed at the helm of their organizations: tactfully maneuvering in times of distress and sharing their ideas with other enthusiasts. This is a Technical Analyst’s Annual Extravaganza and must not be missed! What’s more, we have the Bull of Dalal Street, Rakesh Jhunjhunwala joining us as well! Hope to see you guys online at the Summit, until then, do take care of yourselves and think Technical!
Regards,
Rashmi Shastry, CMT  
Editor
[post_title] => Technical Insights, October 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-october-2020 [to_ping] => [pinged] => [post_modified] => 2021-04-07 10:48:01 [post_modified_gmt] => 2021-04-07 14:48:01 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=53096 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 562511 [post_id] => 53096 [meta_key] => newsletter_content_6_contributor [meta_value] => a:2:{i:0;s:5:"52785";i:1;s:5:"53122";} ) [3] => stdClass Object ( [ID] => 52759 [post_author] => 3815607 [post_date] => 2020-09-02 17:05:21 [post_date_gmt] => 2020-09-02 21:05:21 [post_content] => Hello readers! Welcome to the first edition of the CMT India Newsletter – Technical Insights. Necessity is the mother of invention. Introspection is the mother of reinvention. So we reinvented our approach towards Life, as we knew it. What was once a scene out of a sci-fi movie, now became our reality; as countries across the globe went into lockdown to limit the impact of Covid-19. Cut to two quarters later, and survival is the only mantra. In the spirit of survival, we decided to regroup and provide market participants with high quality insights to help them navigate the risks inherent to markets these days. We were sitting on a gold mine of technical analysis talent and we resolved to make the most of our resources. The market has taken us on a roller-coaster ride over the past six months and the need for quality analysis is more telling than ever before. To help participants understand how various aspects of their markets are interlinked, we called upon our experienced charter holders to share perspectives that could help you in treading unexplored vistas. The idea is not only to introduce readers to the body of knowledge of Technical Analysis, but to also familiarize them with its heartbeat. Informed market participants know how to make their money work for them. Whether we are ‘working from home’ or ‘staying at work’, here’s a newsletter focused on technical analysis that will give you insights on application of concepts, and strategies. When big families have a meal, a buffet makes more sense than à la carte. So, when the CMT family came together we decided to present a buffet of information - something for everyone. The sections that will form a part of the newsletter are: If there is any other topic that you wish to see here, contact us and we will do our best to incorporate your suggestions. This is the beginning of an exciting new journey and we are overjoyed to share this with you! To all the volunteers, members, charter holders, the CMT Head Office in New York, and the leader of the pack – the India Office Head, Joel Pannikot: Thank you for making this dream a reality. Rashmi Shastry, CMT Editor   Disclaimer: This newsletter is for information purposes only. None of the content here is to be construed as investment advice or recommendations. The views and opinions expressed by each author is their own. [post_title] => Technical Insights, September 2020 [post_excerpt] => [post_status] => publish [comment_status] => closed [ping_status] => closed [post_password] => [post_name] => technical-insights-september-2020 [to_ping] => [pinged] => [post_modified] => 2020-09-08 13:28:42 [post_modified_gmt] => 2020-09-08 17:28:42 [post_content_filtered] => [post_parent] => 0 [guid] => https://cmtassociation.org/?post_type=technical_insights&p=52759 [menu_order] => 0 [post_type] => technical_insights [post_mime_type] => [comment_count] => 0 [meta_id] => 554767 [post_id] => 52759 [meta_key] => newsletter_content_4_contributor [meta_value] => a:1:{i:0;s:5:"52785";} ) )

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