BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Laughing Bears

Today's trading session has begun with HAPPY BEARS, market opens gap down mirroring global cues. Running short trade has an open profit of near to 100 points.

Other important messages the chart is displaying at the 10.00 am bar on 25-05-2010. The market has closed at the lowest low in the ensuing bearish trend on the hourly charts, whereas the MACD Histogram is above zero with a strong peak. MACD Lines have retraced a very strong bullish divergence. Trending indicator is active, if the bear move continues from here, it needs to have more strength to cut into the bullish divergence emerging at present. Else expect a nice long trade in the offing.

This is the next expected move of the Index, but we trade as per our signals and exit only on reversal signal.

Happy trading.

 

[d_s_ramesh]

Bears enjoying

Bears continue to have a good time on the markets, short paying well with a 110+ points in open profit. Weakness gains momentum.

 

[d_s_ramesh]

Continued lower low and closing low which is also adding strength to bearishness. Hold on to shorts, weakness persists. Short position is doing fantastic with 115+ points gain.

We don't know at what profit this position would close, there are bound to be give backs. We just follow the system with discipline.

"The price of discipline is always less than the pain of regret." -Nido Qubein.

 

[d_s_ramesh]

Lower low and lower close keep continuing on every bar, that's real good news for bears. Bearishness is gaining strength on every passing hour. NIFTY is at present holding its low at the minor support level, on a decisive breach of 4800 next good support is at 4750-4730 levels.

 

[d_s_ramesh]

First up close bar without a lower low, MACD Histogram is forming a deep valley below zero. Price is moving in a very tight range for almost 4 hours now. Moving averages yet to catch up with the speed, shallow down moves on the moving averages do not go good with bearishness.

Hold on to shorts. At times there is no much activity when you trend follow, still your money is always working for you. Either winning or losing, isn't it nice. That is why it is said, 'trading is a lonely profession'.

 

[d_s_ramesh]

NIFTY caves in...

NIFTY caves in...... breaks 4800 support, next hold is at 4750-4730. It is a great day for the bears, enjoying profits. Above 3% losses on the index or rare opportunities in our market, our short position has 150+ points in gain.

Indicators gaining strength on the bearish side. Be with the trade, that is trend following, it hands over cash for your patience in heaps.Bears on the prowl with shovels and huge bags to load cash.

 

[d_s_ramesh]

Bears on a joy ride(bulls on holiday)

NIFTY breaks immediate support at 4800 and has closed above. What next? At the time of this writing global markets are trading with tremendous weakness. Europe has closed at par with our markets, US indices trading with losses above 2%... , hence bearishness is to continue. Value zone on daily chart is quite far away at 50105100; the likeliness of reaching these levels in the next session is a far cry for NIFTY.

Next supports for NIFTY are at 47404700 levels, which seems to get tested tomorrow. Hourly charts which opened with a strong bullish divergence has given back all of its bullish strength. With value zone being at 4875-913 on the hourly, price moves to these levels may be used for adding to existing shorts. Hold on to short trade positions till reversal signals occur.

Markets are far below value on todays closing, trading new short positions on daily charts is like going with the greater fools theory, it is suicidal. Wait for pullbacks to value zone which would be the next station for the market express to stop. And that would be the right place to hop in and enjoy the bear journey. Those who have entered this bear journey when the train started its journey are having a ball of time.

Sector Summary

TECHNOLOGY along with TELECOM Sector stayed behind in the bear hunt today. They have lost lesser at 1.60% on their index values compared to a meltdown of more than 3 % on the other Sectors. Though software industry was weak and Computer software training Industry being the biggest loser today by giving back more than 6%, it was hard performance from the Hardware Industry that managed to keep the Index with lesser losses. EDUCOMP lost further 7% along with APTECH which lost more than 5% today.

Smaller losses in the Telecom Equipments industry kept the TELECOM Sector from losing more. The biggest loser today was CONSUMER SERVICES Sector which has lost close to 4% on its value. Most the credit for this bear smashing goes to the down hill performance of Diamonds and Food Processing Industry groups. We would like to add a hint here, the only Industry that is having very high bullish strength on the weekly charts is the Diamond industry, TITAN has had a star performance which is now at the value zone. Long trades can be considered here with strict stop loss. European meltdown has hit the bullion markets too.

 

[pshirurkar]

Bears are really enjoying a party.

 

[d_s_ramesh]

Thank you pshirurkar. Being with the flow of the market, gives the joy of partying like this many times. Let's make the trends more stronger by joining the crowds in which ever direction they move.

 

[d_s_ramesh]

Roller coaster ride for BASIC MATERIALS

BASIC MATERIALS Sector has been pounded on both ways, it is in a mini roller coaster, pulled along on the either side every moment. Holding of any long positions in the metals market be it in Aluminium, Steel or Non-Ferrous metals needs review.

While some of the prominent ones like JINDALSTEL, SAIL, TATASTEEL etc., are trading short on longer time frames, use pull backs to short and make a fortune from the down side rally.

BASIC MATERIALS Sector was one of the leading sector in the markets recovery on the 2009 rally. Now on the way down too it is leading.