BraViSa TempleTree-India Market Calls

[d_s_ramesh]

NIFTY at value zone

It was yet another amazing day at the markets, as the rollovers started happening NIFTY just swirled to sweet zone on the daily charts. It was a smooth sail with just one down tick bar. But, why was the discount between spot and next contract so higher? Is it giving some clue that the end of the small bull move has come? As the chart goes the patterns are strong indicating further strength. MACD Lines have moved above zero, Histogram equals the previous peak and has a broad top, all pointing to an upward momentum.

But as we write regularly, markets can go in whatever way it likes, we just need to be with the flow. Shorting opportunities exist for daily charts, but entry is way far below value. There is some small range moves likely before any weakness sets in. Look for 5030 resistance, on breach of that next is at 5100, somewhere between here NIFTY is likely to get bearish divergence on the hourly and confirm bear moves both on daily on hourly.

Swing traders shall exit their position on a down tick; todays closing chart does not have it yet. If it has to come, expect it in the next session. Trending positions shall hold on to long trades as the market is gaining strength on the bullish side with every unfolding bar. All these bullishness is only for the hourly charts, while daily and weekly are bearish.

 

[miscos]

I found this thread today and was amazed with the calls and the selfless way of the Master. As I am having no position at present, I would request to add a specific line for new positions in your pre-market post. That will help people, who would follow this thread. Shall be grateful, if you could share your views for new position now. As such will follow the thread to sharpen my technical study and come out of emotion, when move with a wise man and with the market. Thank you.

 

[d_s_ramesh]

Thank you miscos for the wonderful comments about me. Most of the posts made here are about the comments of running positions on NIFTY futures. As we post live, when markets are working their way out, the thought to maintain time has been a limitation for us to post the call details on every post.

We have been giving post market comments on a regular basis, pre-market is a rare occurrence it has been done only if the days situation needs it. Our stock calls are mostly weekly on F&O, though we have some positions on the daily and in some stocks not traded in the F&O segment.

We have posted our weekly stock positions the previous week and have planned to do it on a regular basis. Apart from this what is required for your studies, you may be specific to help us give the same in the best way.

By the way the present position on NIFTY is Long at 4911 in Hourly, Short @5210 in daily. Short @4842 on Weekly. Except Weekly position all the others are running profitable as per todays closing. We have not posted all these on a daily basis is to avoid confusion. Trading and research has been our main area of presence, writing has started just few months back and is fast becoming a passion. Hence, we are not very much clear about the way of presentation.

Apart from these, we also report sector and industry performance on a daily basis. We have developed our own free float indices for all the Industry groups operating in India and they have been classified into master sectors. We have plans to offer this data to required traders, various options are being worked out.

 

[d_s_ramesh]

MARKETS expected to open thumbs up followed by pretty strong Global clues. At the time of this writing NIKKEI opens up 1.50% giving confirmation. All the sectors except FINANCIALS and to some extent UTILITIES are expected to give robust performance today.

Our long positions will likely make an effortless run above the daily sweet zone, swing exits likely after the initial euphoria diminishes.

Happy beginning into the new contract trader folks.

 

[d_s_ramesh]

GAP up into the jolly ride, but the bullish euphoria seems to be coming to rest for a while, NIFTY starts to correct. Discount between spot & futures still continues. Swing exits can be made below the low of 11.00 am hourly bar.

The discount allows lesser gains on the futures position, still a good profitable trade to be with. Exit is only on breach of low, there can be possibilities of higher lows and exit is delayed. In such case please hold on to position.

We are giving this post well in advance before the actual closing of the hourly chart because the steep fall from high has confirmed weakness setting in. Any changes on actual closing will be posted immediately.

 

[d_s_ramesh]

exit signal confirmed, swing exits can be made below 5017.

 

[d_s_ramesh]

Swing long exit not triggered, move exit to 5021 spot. Exit only if NIFTY spot goes below indicated value. Spot future disparity continues, hence slippages cannot be ruled out.

 

[d_s_ramesh]

Long position holding, NIFTY did not move below our stipulated value. Now the exit moves up to 5026.75 spot. Market is giving higher lows, but sometime it is likely to take it off. There is a need to be glued to the screen. This exit is only for swing traders, trend followers just keep enjoying profits as it come, you need to give back some of your gains to reap full benefits of trend following.

 

[d_s_ramesh]

Our long position which was entered on 4911 spot values is been on hold for the past 2 days and has so far made a peak profit of 150 points. Market has formed a tight range close to high's. Another opportunity to further raise the exit 5028 spot, though we are getting very small extra profits by every moving hour, still it adds up to the total. Discount between spot & future is marginally getting narrow, this is added advantage to the long position.

The exits which we give here is only for swing traders, trend positions need to hold trades till the trend is reversed or a valid signal for exit is received. Keep off emotions and fear from trading. Whether being in or out of a position, be mechanical. Each trades profit or loss should not make any change in our emotions, trading should be treated as a business. All the losing trades are the expenses of the business.

 

[d_s_ramesh]

Very clear bearish divergence emerges from the highest close of NIFTY in the present bull move. But down tick continues and now further moves up the swing exit to 5043.5 spot.

As we are posting, we find the market taking off highs again, NIFTY is now close to 5100 resistance. With bearish divergences slowly creeping in, market is getting ready for the next moves.

Our long position is at a peak profit of 170+ points. Traders enjoy wonderful gains over the weekend. If the specified level for swing exit is not triggered, carry on the position over the weekend.