BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Though NIFTY punched higher high towards closing, it got rejected and adds strength to down tick. We are carrying both trending and swing positions over the weekend.

The exit now moves to 5057 on spot, it may not be possible to hit the fill at the right place, Global clues and weekend developments in the financial as well as political sentiments weigh large on our position. Swing position have a specific exit point noted, but if market opens below our levels, please exit at available prices and realize profits.

As we had stated in our report yesterday, the market has given a narrow range day, this gives strength to the the daily short below today's low on Monday. Having been glued to the screens for exit trigger every minute has given many new observations. That is the learning curve, market keeps presenting us many avenues, if we observe we learn from it along with the learning we get through losing trades and our blunt mistakes.

Happy weekend trader folks, we have had a great time this week in the markets.

 

[PuneetAro]

Hi D S Ramesh,

I need your help. I am very new to trading. To be honest I did not make any money in trading. Although I made decent profits when I invested. I made lot of money last year in Tata Motors, Sesa Goa, Deepak Fertilzers, RCF, IGL, ntpc etc.

During intra-day, sometimes I make profits and sometimes losses and the losses exceed the profits. further the brokerage and the taxes make my P&L look vulnerable. How I can master intra-day trading? I mostly trade in metal stocks. is that a problem? How should I look for stocks while doing intra-day trading? Please guide. How should I improve my trading skills and come out this vulnerable situation?

 

[captgolu]

Nice question puneet as I am also in rs 2 lac loss,ramesh sir any idea to recover.

 

[d_s_ramesh]

Thank you puneet and captgolu. I would like to know more details about the way you trade. What is the percentage of loss in your capital? How long you have been trading? What are the strategies you use? Your money management rules? Your discipline to follow them?

What is the expectancy you look for and have achieved so far? Recovering losses can be done, but that too is a process which you need to follow, nothing can be changed overnight.

If you need to make a lakh of profits in the market, what is the duration you expect this to happen? How much would be your capital? What is time you can dedicate to the markets? How are you aligned with the market psychologically?

There are more and more? We need to go into specific details. My contact number is given in one of my posts. You could call me and we can discuss, before deciding what process to follow?

I believe everything can be achieved, only you need a mindset for it.

 

[d_s_ramesh]

As global markets show weakness in price & getting topped in the present bull move, we expect a weak opening on the NIFTY on Monday. As we had mentioned in our last post of Friday, swing trades will not get the opportunity to exit at the right place. On the Nifty spot opening or trading below 5057 immediately after session opens for trade, Swing traders shall close their long positions by realizing available profits.

There is a likeliness of price reaching value zone in the hourly for a pull back to re-test 5100. With weakness already set in the hourly charts, taking off Friday low will give an add-on opportunity for shorts on the daily chart.

While on the Weekly breaching 5077 on the spot will turn it into a sideways market. Weekly in the verge of non-trend, Daily in bear trend and Hourly in the topped out bullish trend. the markets have painted a completely opposite picture in comparison to the previous week.

The markets can go either way, let us be prepared for moves on both sides.

 

[columbus]

Hi D S Ramesh,

I need your help. I am very new to trading. To be honest I did not make any money in trading. Although I made decent profits when I invested. I made lot of money last year in Tata Motors, Sesa Goa, Deepak Fertilzers, RCF, IGL, ntpc etc.

During intra-day, sometimes I make profits and sometimes losses and the losses exceed the profits. further the brokerage and the taxes make my P&L look vulnerable. How I can master intra-day trading? I mostly trade in metal stocks. is that a problem? How should I look for stocks while doing intra-day trading? Please guide. How should I improve my trading skills and come out this vulnerable situation?

Never buy a stock because it is CHEAP ,buy it because it has GROWTH.
I think Tata Motors in your portfolio is interesting.

 

[d_s_ramesh]

Almost every active thread has few posts from venkatpersonal with the same message. Do you want to sell some of your formulas or want to show the usage of a formula? Please be precise, without any relevance you have posted the same message on every thread.

You have given a chart is one post, but that does not have any explanation. If you have a afl, have you back tested it without much optimization using various stocks and time frames. How long have you been using ami? Is the code your own research or someone else's work?

 

[d_s_ramesh]

Morning clues from the Asian counterparts show flat opening, our swing trades shall keep a close watch on its exit. Your exit is below 5057 spot.

 

[d_s_ramesh]

US and London markets are closed today, this would give its impact on our market. One way it is advantage is our long position will get a smooth exit on the swing trade. Bearish divergence is likely to get strengthened further on the hourly in today's session.

Japan and Hong Kong are already showing lackluster performance. Take this advantage and make clear exits 'swing traders'.

 

[d_s_ramesh]

A Whopping 125 points win on NIFTY long trade.

Swing trade exit goes as a smooth sail gaining a whopping 146 points on spot values. Though futures values were different and had a double commission due to rollover, this trade managed a close to 125 points gain per lot.

What next? Value zone now situated just below 5000 needs the market to correct some more points before we get another long trade entry. Since the market is in trend and all the indicators and averages are sloping upwards, there is a possibility of yet another long trade.

We do not predict the consequences of the new trade, but positioning ourselves with the flow rewards richly. The present profit trade too faced tight moves, but it flew past every hurdle, patiently waiting for the market to unfold its path gives us the advantage of 125 points gain.