Jay Thakkar, CMT, EPATian

Experience

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  SHAREKHAN LTD

  Jul 2009 - Jul 2011

  TECHNICAL ANALYST

  I follow Elliott waves and other classical techniques as a tool to forecast the index movements and stock price.

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  Way2Wealth Securities Pvt. Ltd.

  Aug 2011 - Mar 2014

  Technical and Derivatives Analyst

  Formulating options strategies and Technical Analysis

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  Sharekhan Ltd.

  Apr 2014 - Feb 2017

  Senior Technical Research Analyst

  Technical Analysis mainly on Indian Equities coupled with Analysis on world equity markets, commodities, forex to understand the trend better.Recommending Trading and Investment ideas with the use of technical analysis and socionomics.Being an Elliottician I use Elliott waves principle as the primary tool for forecasting any asset class behaviour/trend. I use other Technical Analysis tools as well to confirm the trend as well as the internal strength of that particular asset class. The other Technical Analysis tools includes various momentum indicators, patterns which are fractal in nature and other statistical tools.At Sharekhan Ltd. I am responsible for recommending trading ideas in different products viz..1) Premium Technicals - This is a product specially designed for the medium term positional traders who is looking for a trading idea for minimum 15-20% with a minimum risk to reward ration of 1:22) Smart Charts - This product is designed for the short term positional traders who requires a trading idea for minimum 7-10% again with a risk to reward ratio of 1:23) Momentum swing: This one is designed for short term momentum/swing traders who requires short term gains of 3-4% with a minimum risk to reward ratio of 1: 1.54) Momentum cash ideas: This one is specially designed for the short term traders who are interested in long only ideas in non F&O stocks. Apart from this product all the above mentioned products are long/short products.I am also responsible for writing the various reports on Technical Analysis such as Daily report known as Eagle eye, Mid-market report known as Highnoon, Weekly report known as Braveheart best and the monthly report known as Valueguide.I represent my company on various business news channels like CNBC TV 18, CNBC AWAAZ, CNBC BAJAR, ZEE BUSINESS, BLOOMBERG TV,ETNOW and NDTV PROFIT. Show less

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  Anand Rathi Financial Services Limited

  Mar 2017 - Mar 2020

  Head Derivatives and Technical Research- AVP - Equity Research

  Heading the Research Desk, formulating good risk to reward options strategies for the Short and Medium term traders. Also, based on Technical Research, recommending 2%- 15% profitable stock ideas.

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  Marwadi Shares and Finance Ltd

  Apr 2020 - Jan 2023

  Head of Research - Vice President

  Marwadi Shares and Finance Ltd. is a part of Marwadi Chandaran Group. Here I got an opportunity to set up the entire desk of Research. I was leading a team of 14 members which comprised of 5 Equity Technical and Derivatives Research Analyst, 3 Fundamental Research Analyst, 3 Quantitative Research Analyst, 2 Commodities and Currencies Technical and Derivatives Analyst and 1 Data AnalystI introduced 9 products in Equity Technical and Derivatives segment whereas 5 products in Currency and Commodities Segment. These products were from all time frames i.e. short term, medium term and long term. These were long short products in futures segment and Pure vanilla to Multi-Leg Options Strategies.I also introduced 2 Fundamental Research based products a) Stock SEP (Systematic Equity Plan) and b) Value Picks. During my tenure we had provided recommendations on all the IPOs As far as Quantitative research was concerned I had introduced 4 unique Mutual Fund Products a) Fundamental Ratio based Mutual Fund Model Portfolio b) Mutual Fund Analyzer and Optimizer c) Mutual Fund Flow Movement Indicator d) Mutual Fund NAV ProjectionI had also developed 1 Algo product for the flagship company of the group the Marwadi Chandarana Intermediaries Brokers Pvt.Ltd. This was an Auto Long Short Product for the intraday time frame. We had done backtesting of the logic for past 9 years and based on its positive returns and sharpe ratio we further automated the entire system on Symphony wherein Automated buy and sell signals were generated.I also represented the organization on various New Channels like Zee Business, CNBC TV18, ETNOW as well as on various print and digital platforms. I assisted the sister concern 1 Finance a start up in Personal Wealth Management in developing and integrating the Mutual Fund Products and in ideation, strategizing and development of 1 Finance Macro Indicator. Show less

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  Sharekhan

  Jan 2023 - Jan 2024

  Head of Alternate Research - Vice President
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  Icici Securities Limited. Mumbai

  Jan 2024 - now

  Head of Derivatives and Quant Research - Vice President