BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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NIFTY takes support in the vicinity of 4950 and is giving a strong pullback to value zone. Indicator strength is strong towards the bearish side. There is a likely re-test of today's or beyond. This is a probability, there are chances of straight reversal too.
Our system is in sell, once the ratings change to long signal, we will reverse to long. This is the give back we were talking about in the previous post.
5100 is a resistance now. Hold to shorts till reversal.
Our system is in sell, once the ratings change to long signal, we will reverse to long. This is the give back we were talking about in the previous post.
5100 is a resistance now. Hold to shorts till reversal.
Abb?
ABB was in the bearish signal for the past 3 weeks. The sudden spurt in its price has turned the stock into a sideways moving pattern on the Weekly charts. On the Daily charts it is a straight trend reversal. But the range of the day with an above 23% Jump in prices puts the stop loss for this stock way lower, this will add more risk to the trade.
Stop loss for today stands at 683.00, if you have the acumen to hold this huge risk on the position, the chart patterns indicate likely move up. There is a possibility of 900 in the near term.
This sudden spike in price is due to the company's announcement to rise its stake in the company by 20% from 52% to 72%. This is good news for the stock. But the reaction this has brought in shows lots of panic from its holders. If the stock is not able to continue with the same range (which is 100% unlikely), it will take a long time to trend. Sideways moves will suck in weak players.
Exit at a right opportunity will be our sincere advice. Select stock that move in a slow and steady pattern, only those will give consistent returns.
The way this stock has performed today shows that there is more room to capture, but before that it can get adjusted by moving down up to 720 levels. The sweet zone for this stock for today is between 757-720.
ABB was in the bearish signal for the past 3 weeks. The sudden spurt in its price has turned the stock into a sideways moving pattern on the Weekly charts. On the Daily charts it is a straight trend reversal. But the range of the day with an above 23% Jump in prices puts the stop loss for this stock way lower, this will add more risk to the trade.
Stop loss for today stands at 683.00, if you have the acumen to hold this huge risk on the position, the chart patterns indicate likely move up. There is a possibility of 900 in the near term.
This sudden spike in price is due to the company's announcement to rise its stake in the company by 20% from 52% to 72%. This is good news for the stock. But the reaction this has brought in shows lots of panic from its holders. If the stock is not able to continue with the same range (which is 100% unlikely), it will take a long time to trend. Sideways moves will suck in weak players.
Exit at a right opportunity will be our sincere advice. Select stock that move in a slow and steady pattern, only those will give consistent returns.
The way this stock has performed today shows that there is more room to capture, but before that it can get adjusted by moving down up to 720 levels. The sweet zone for this stock for today is between 757-720.
Volatility continues.
NIFTY breached previous lows briefly, but managed to close with a small weakness to its previous close. Daily charts have opened out to a new bearish trend; further bearishness in the coming days will strengthen the trend. If there is a pull back, the trend will again change to neutral. Global cues which gave a push to our market nearing close has started getting weak as we write this just after opening bell in New York. European markets too have given back much of their gains.
Daily charts need some more sessions for confirmations & trade directions. PATIENCE PAYS. Hourly charts which went strongly bearish on the first few bars pulled up drastically, for those holding shorts it would be nail biting to keep watching 100 points of open profit drift away into thin air. That is the give back we need to give to have the trades till the end of trend. Some times it may reverse abruptly without much profit. As of now NIFTY has reached value zone in the Hourly charts. With the trend showing tremendous strength, it is short entry signal for those who have missed the train while it started its journey. It is also an add-on entry signal for those willing to leverage more.
Short below 5043 with a stop above EMA at 5095 on the NIFTY futures.
TELECOM Sector is the only Sector to close positive today, a very strong recovery from the Telecom Equipments Industry was reason for this. It is SIEMENS with a 5% gain to its price that has single handedly pulled up this Industry and Sector. Telecom Equipment Industry is one of the strong charts which is yet to retrace any weakness. SEIMENS being the leader of this group, which is also an outperformer in this sector. Wait for a trend change to trade long on SIEMENS.
The other Sector which showed its head up marginally was INDUSTRIALS Sector. This was a purely news based gains from the sudden spurt of ABB. The promoters of ABB are increasing their stake in the company from 52% to 72%. The sudden input of this news took market men by surprise and the stock took to a panic short covering. This stock is likely to go into a broad sideways pattern for a prolonged period.
The officers who lead the charge down hill today was ENERGY Sector recording 1.27% loss followed by TECHNOLOGY Sector losing 1.03% on their index. Rest of the others held to a marginal loss between 0.20 and 0.80%.
The star performing Industry apart from Electrical Equipments and Telecom Equipments was the Plantation Industry group with a close to 3% gain on its index. MCLEODRUSSEL & TATATEA were strong gainers here.
The weakest Industry today was Auto LCV & Tractor Industry with a 2.68% decline in its index value. TATAMOTORS lead the fall by dropping 3.30%.
NIFTY breached previous lows briefly, but managed to close with a small weakness to its previous close. Daily charts have opened out to a new bearish trend; further bearishness in the coming days will strengthen the trend. If there is a pull back, the trend will again change to neutral. Global cues which gave a push to our market nearing close has started getting weak as we write this just after opening bell in New York. European markets too have given back much of their gains.
Daily charts need some more sessions for confirmations & trade directions. PATIENCE PAYS. Hourly charts which went strongly bearish on the first few bars pulled up drastically, for those holding shorts it would be nail biting to keep watching 100 points of open profit drift away into thin air. That is the give back we need to give to have the trades till the end of trend. Some times it may reverse abruptly without much profit. As of now NIFTY has reached value zone in the Hourly charts. With the trend showing tremendous strength, it is short entry signal for those who have missed the train while it started its journey. It is also an add-on entry signal for those willing to leverage more.
Short below 5043 with a stop above EMA at 5095 on the NIFTY futures.
TELECOM Sector is the only Sector to close positive today, a very strong recovery from the Telecom Equipments Industry was reason for this. It is SIEMENS with a 5% gain to its price that has single handedly pulled up this Industry and Sector. Telecom Equipment Industry is one of the strong charts which is yet to retrace any weakness. SEIMENS being the leader of this group, which is also an outperformer in this sector. Wait for a trend change to trade long on SIEMENS.
The other Sector which showed its head up marginally was INDUSTRIALS Sector. This was a purely news based gains from the sudden spurt of ABB. The promoters of ABB are increasing their stake in the company from 52% to 72%. The sudden input of this news took market men by surprise and the stock took to a panic short covering. This stock is likely to go into a broad sideways pattern for a prolonged period.
The officers who lead the charge down hill today was ENERGY Sector recording 1.27% loss followed by TECHNOLOGY Sector losing 1.03% on their index. Rest of the others held to a marginal loss between 0.20 and 0.80%.
The star performing Industry apart from Electrical Equipments and Telecom Equipments was the Plantation Industry group with a close to 3% gain on its index. MCLEODRUSSEL & TATATEA were strong gainers here.
The weakest Industry today was Auto LCV & Tractor Industry with a 2.68% decline in its index value. TATAMOTORS lead the fall by dropping 3.30%.
Re: Abb?
Ramesh
What if I hold the stock till july and wait for company's offer at 900. If we look at shareholding pattern of the company. public holds only 11%. it means
retail investors have a chance to exit at 900 level. I believe that institutinal
investors won't sell this stock for less than 900.
Please go through the shareholding pattern below.
If I am wrong, please let me know. i am new to this trading. I want to learn
from people you.
No Of shares % Share Holding
Total Foreign 21783969 10.28
Total Institutions 49844749 23.52
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 6549321 3.09
Total Promoters 110420285 52.11
Total Public & others 23310051 11.00
Total 211908375 100
ABB was in the bearish signal for the past 3 weeks. The sudden spurt in its price has turned the stock into a sideways moving pattern on the Weekly charts. On the Daily charts it is a straight trend reversal. But the range of the day with an above 23% Jump in prices puts the stop loss for this stock way lower, this will add more risk to the trade.
Stop loss for today stands at 683.00, if you have the acumen to hold this huge risk on the position, the chart patterns indicate likely move up. There is a possibility of 900 in the near term.
This sudden spike in price is due to the company's announcement to rise its stake in the company by 20% from 52% to 72%. This is good news for the stock. But the reaction this has brought in shows lots of panic from its holders. If the stock is not able to continue with the same range (which is 100% unlikely), it will take a long time to trend. Sideways moves will suck in weak players.
Exit at a right opportunity will be our sincere advice. Select stock that move in a slow and steady pattern, only those will give consistent returns.
The way this stock has performed today shows that there is more room to capture, but before that it can get adjusted by moving down up to 720 levels. The sweet zone for this stock for today is between 757-720.
Stop loss for today stands at 683.00, if you have the acumen to hold this huge risk on the position, the chart patterns indicate likely move up. There is a possibility of 900 in the near term.
This sudden spike in price is due to the company's announcement to rise its stake in the company by 20% from 52% to 72%. This is good news for the stock. But the reaction this has brought in shows lots of panic from its holders. If the stock is not able to continue with the same range (which is 100% unlikely), it will take a long time to trend. Sideways moves will suck in weak players.
Exit at a right opportunity will be our sincere advice. Select stock that move in a slow and steady pattern, only those will give consistent returns.
The way this stock has performed today shows that there is more room to capture, but before that it can get adjusted by moving down up to 720 levels. The sweet zone for this stock for today is between 757-720.
Ramesh
What if I hold the stock till july and wait for company's offer at 900. If we look at shareholding pattern of the company. public holds only 11%. it means
retail investors have a chance to exit at 900 level. I believe that institutinal
investors won't sell this stock for less than 900.
Please go through the shareholding pattern below.
If I am wrong, please let me know. i am new to this trading. I want to learn
from people you.
No Of shares % Share Holding
Total Foreign 21783969 10.28
Total Institutions 49844749 23.52
Total Govt Holding 0 0.00
Total Non Promoter Corporate Holding 6549321 3.09
Total Promoters 110420285 52.11
Total Public & others 23310051 11.00
Total 211908375 100
ABB has a free float of close to 48% on its outstanding capital. It is here that the churning is going to take place. Promoters increasing stake by 20% will reduce free float to that extent. This will mean that the stocks weight age on the index will get reduced substantially.
Of course institutions will not sell out for less when they already have the offer price quoted. But, lets keep in mind that they have got in at low price. It is the retail market which is going to jump in and out using this news. How far each one benefits depends upon their shrewdness.
The price of 860 which you have paid for this stock and the buy back price of 900 gives a difference on 40 per share. From this if we deduct commissions, the left over is just above 3% of your investment. It is a decent return on Investment for the 3 months period which the money is going to be locked.
But let me tell some thing here, suppose your exposure in this stock has a substantial amount like anything above 50 shares. That much money invested in other different avenues in the present market conditions can get you on an average 3 times of what this stock is going to give (bare minimum).
The way they have announced this buy back scheme is rising suspicion. The price move on the stock shows it clearly, there has been utter chaos in the market yesterday in short covering. It is because of panic to cover shorts that this price escalation has come in. Once all the shorts are covered, smart money will be off from this stock. It is once bitten twice shy, traders have been squeezed out of this stock, caught unawares. Gaining back their confidence will take a lot of time.
Even this clearly shows on the charts, it has taken one month for the bears to get the stock to the price which it was in, prior to the announcement, which the news has covered back in one day. This is crushing of individual confidence.
We do not have any position in this stock, we are giving our opinions unbiased. Once we become a community, other persons loss is ours too. Anyway it depends on individual decision making process and withholding capacity about continuing long position on this stock.
Putting us into this situation, we would find a right opportunity to exit and take a better stock to trade.
Of course institutions will not sell out for less when they already have the offer price quoted. But, lets keep in mind that they have got in at low price. It is the retail market which is going to jump in and out using this news. How far each one benefits depends upon their shrewdness.
The price of 860 which you have paid for this stock and the buy back price of 900 gives a difference on 40 per share. From this if we deduct commissions, the left over is just above 3% of your investment. It is a decent return on Investment for the 3 months period which the money is going to be locked.
But let me tell some thing here, suppose your exposure in this stock has a substantial amount like anything above 50 shares. That much money invested in other different avenues in the present market conditions can get you on an average 3 times of what this stock is going to give (bare minimum).
The way they have announced this buy back scheme is rising suspicion. The price move on the stock shows it clearly, there has been utter chaos in the market yesterday in short covering. It is because of panic to cover shorts that this price escalation has come in. Once all the shorts are covered, smart money will be off from this stock. It is once bitten twice shy, traders have been squeezed out of this stock, caught unawares. Gaining back their confidence will take a lot of time.
Even this clearly shows on the charts, it has taken one month for the bears to get the stock to the price which it was in, prior to the announcement, which the news has covered back in one day. This is crushing of individual confidence.
We do not have any position in this stock, we are giving our opinions unbiased. Once we become a community, other persons loss is ours too. Anyway it depends on individual decision making process and withholding capacity about continuing long position on this stock.
Putting us into this situation, we would find a right opportunity to exit and take a better stock to trade.
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