NDPMS Wealth Management

Marvan Atapattu Inspiring Life Story It’s a story that Harsha Bhogle, India’s most loved cricket commentator, loves to tell, over and over again. Making his debut in Test cricket for Sri Lanka, Marvan scored a duck in his first innings. And again, in his second innings. They dropped him. So he went back to the nets for more practice. More first-class cricket. More runs. Waiting for that elusive call. And after twenty-one months, he got a second chance. This time, he tried harder. His scores: 0 in the first innings, 1 in the second Dropped again, he went back to the grind. And scored tonnes of runs in first-class cricket. Runs that seemed inadequate to erase the painful memories of the Test failures. Well, seventeen months later, opportunity knocked yet again. Marvan got to bat in both innings of the Test. His scores: 0 and 0. Phew! Back to the grind. Would the selectors ever give him another chance? They said he lacked big-match temperament. His technique wasn’t good enough at th...

My primary love is professional trading. That's what I do, that's what I breathe. Trading gives me passive income, my money is busy making money for me. It is my passion, however that is not my occupation. My job is somewhat of a missionary set out to educate people about the art of investing and trading. My job as a coach is to find talented people and make sure they learn and follow the fundamentals of the art. This is the goal I have set for myself. This is why I wake up every morning. This is why I sleep every night. However on this journey I encounter many people who come into trading having accumulated either a lot of money or a lot of dreams. I have seen a lot of doctors, lawyers, engineers, techies, accountants, architects and the like. All those professions require a lot of training to master the skills involved. You simply cannot go to a realtor without any proper training or qualification and say "I'd like to design this structure for you today." ...

This Monday morning came a major shock to many retail investors as markets tanked for more than 5%. India's benchmark index, Nifty made a gap down opening at 8057 recording a largest gap down since 2006. However according to many technical analysts the down fall was evident on last week charts yet no one would have imagined the intensity of global selling phenomenon which actually caused such a movement in the index. The movement not only took a heavy toll on shallow pockets of novice traders, but even the seasoned investors, who have been passively investing started to ring up their brokers. I received many calls yesterday and all had one common interest. "How much is my folio effected due to the meltdown? Is it still an appropriate time to stay invested? Can we sell some equity now and buy later (suddenly some investors would turn to trading.) Such calls were  full of doubts about the India Shining Story. However there were certain smart investors who calle...

When you trade, you probably think you trade the markets. However, you don't trade the markets; instead, you trade your beliefs about the markets. Yes, this is very true, we only trade our beliefs about the markets.  Lets ponder upon some statements and see if you believe about them: The market is a dangerous place in which to invest. ( You are right if you think this about the markets ) The market is a safe place in which to invest. ( You are right here too if you think this about the markets ) Big players in the market control the markets and its hard for the little guy to earn. ( You are right ) You can easily make money in the markets. ( You are right ) Its hard to make money in the markets. ( You are right ) You need to have lots of information before you can trade profitably. ( Guess what, you are right again ) Do you notice the theme. You are right about every one of these beliefs in any of these statements, what do you believe instead? You are right a...

Yes it is true. Retail investors help markets and its participants more by staying out than by investing in equities itself. Hence optimists like me, do not mind retail investors doing everything else other than investing in equity markets.  Let me tell you how it helps us. 1. Keeping your money in low interest bearing savings accounts will help banks raise cheap funds. In such a way you earn taxable 9% per year in fixed deposits and 4 % in saving accounts, whereas we  continue accumulating multi lac crore banks like HDFCBank, AxisBank, ICICIBank, SBI and like, which are up by any multiple between 3.5 times to 11 times since December 2008. Also, by paying all your EMI installments on time would help private banks stay out of trouble and we shall continue investing in banking sector with of course proper investment plans and goals. This is something retail investors lack and often end up burning their fingers. 2. Retail investors are more or less out of the mark...

Nifty at the moment is little shy of a major resistance zone of 8500 - 8550 levels . Nifty closed at 8485 levels this week with a strong positive momentum which reflected in the later half of Friday's trade. Today's closing levels mark third successive week of a higher closing. However the important factor which shall never be ignored about the week's rally is volumes. The volumes this week in Nifty has been relatively the lowest in recent times. You may attribute such low volumes to the fears concerning the recent global crisis situation. As stated in my previous post, such situations acts as a perfect triggers for technical entries as they do not effect the fundamentals much.  If at all I am looking to buy in such a market, is because of the momentum which of course is not so backed by the volumes. So the action in near term future has to be stock specific rather than being more generic about the over all market conditions. I am expecting stocks like TCS, SunPharma, G...

Before coming to the answer you are looking forward to let me explain you the current short term Nifty analysis. This is what I regularly do on this blog. The stage is set for a perfect fight between the bulls and the bears. Nifty for the past 3 weeks has shown a robust and strong rally. Global crises have also been taken good care by the Indian benchmark. The fear of a negative Greek impact reflected in a recent sell out during the initial Monday trade this week, however soon the news was discounted for and markets again started following the trended path.I somehow feel that the Greek impact has too little to effect our fundamentals and would not matter much except that it may act as a trigger for Nifty to initiate a minor wave to the downside, At current juncture, Nifty faces a stiff resistance, at 8580 levels which also embarks 61.2% retrenchment  levels of its previous corrective phase .  It is assumed that Nifty is currently forming a complex wave pattern which...