BraViSa TempleTree-India Market Calls

d_s_ramesh

Well-Known Member
BASIC MATERIALS was King today

As we wrote in the pre-market post, it was BASIC MATERIALS which shined bright in todays recovery with a 2.60% gain on its index. It was followed by HEALTHCARE at 2.44% and CONSUMER GOODS at 2.25% on the winners lineup. The under performing sector today was CONSUMER SERVICES with a dismal 0.22% gains. Diamonds continue their down hill ride with a further loss of 2.12% on their index.

Aluminum was the star today with a 6.88% gain on its index, all the gains were made by HINDALCO, between 156 & 163 short HINDALCO on a down tick. It would be humorous to read a short call in the bullish write up, this entire move up is the reason to reach value, while the charts are with very high bearish strength. Those who are watching the bear hammering of the markets, dropping their jaws down need some part of the pie right! And this is the opportunity for them.

TITAN goes off from buy signal on the daily, if todays low gets taken off. It has had a wonderful rally from 1515 to 2110 a near 39% gain, this is on the daily charts, while its weekly chart is still pretty strong rising from 918.00, the value zone for TITAN on the weekly is 2020-1830. On reaching here, we can go long on this hi-flyer.

On the weaker side Plantation and Transport Industries followed Diamonds. Most of the weekly charts in these Industry groups are in the bearish trend.
 

d_s_ramesh

Well-Known Member
Market takes off after punching lows. Zoo...oooom to its next destination.
 

d_s_ramesh

Well-Known Member
A news for those using free data service. GOOGLE goes the YAHOO way, charting server down today and not attended. Yahoo had a more better problem of no data feed for 20 days. No one to question because it is free.

Take the best as it is available, but also always have an option open if the service goes off. Cannot blame them though, there will be teams working round the clock on fixing problems, volumes are high to handle in short periods.

This is just an information, take note
.
 
Last edited:

d_s_ramesh

Well-Known Member
NIFTY is getting into resistance at 4950 levels. Needs power to break out, hold on to long positions with stop. Slow movements are always good.
 

d_s_ramesh

Well-Known Member
Market reaching for higher high on every bar adds strength. Today being the contract expiry day on futures, coming hours can see added volatility. Have a close watch on long positions, those wanting a swing exit can do so when market ticks down.

The Market is in trend at present.
 

d_s_ramesh

Well-Known Member
NIFTY is cooling down from 4970 levels, down tick has come. Those wanting a swing exit can have it below 4949 spot. A sweet gain of 38 points.
 

d_s_ramesh

Well-Known Member
Market turns up without triggering exit. NIFTY is now close to daily chart value zone, next hurdle is 5025. Roll over position to next expiry and enjoy profits. Market gives a New high for the day and shows very high strength on the bullish side.
 

d_s_ramesh

Well-Known Member
It's 5000 again, enjoy gains of close to 90 points on the long trade. Coming to an end of yet another wonderful day at the markets.
 

d_s_ramesh

Well-Known Member
Spot future difference on NIFTY is abnormal today, there is a 0.50% discount to spot, this is ridiculous. Index is being hacked, some untoward incedence is going on.
 
Thread starter Similar threads Forum Replies Date
D Commodities 81

Similar threads