BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Exit swing long trade below 5049.30 spot. Market not holding strength on bullish side.

 

[d_s_ramesh]

Hourly charts continues it's bullish trend, further long trades likely above the days high, but that may not be triggered, we shall wait for the high of 11.00 am bar.

Previous trade had a loss of 22 points. New month starts with a losing trade. In the month of May we had 14 trades in the swing system of which 7 were losers and still was able to close the month with 470 points profit after commissions.

So losing trades are a norm of any trading system.

 

[d_s_ramesh]

NIFTY has began to sink, with market in trend a reversal to short trade is likely if NIFTY closes below 5025 at the 1.00 pm bar.

Trend trades need to be reversed below the 1.00 pm low. Take positions markets drifting lower.

 

[d_s_ramesh]

Short NIFTY below 5001.5 Spot, with a stop of 5053 Spot.

 

[d_s_ramesh]

Shorts get filled on both swing and trend signals. Our trend trade int he long side closed with 90 points gain on spot values, but the huge discount between spot and futures along with rollover has left us with around 70 points profit.

Trending long position has given back100 points from peak profit levels before closing. It may seem that this system is giving back much of its gains, its true, but when the market is into strong trends we get paid multi fold. The Daily charts at present is not having good moves, that has its effect here.

 

[d_s_ramesh]

Shorts doing fine. Hold on to stop.

 

[d_s_ramesh]

Market goes into a tumble, looses close to 2.50% in value today. Shorts doing pretty well. Maintain stop loss, we would like to remind here that swing trades will get their exit first on immediate signs of the market changing direction while the trending positions will be held till there is a reversal signal or market going out of trade signals.

Market held on to prices tightly till the break down and on the change of direction we are seeing free flow, a strong down hill ride. Last leg of bull power could not hold its stand against the great bear power. BEARS Won today's battle.

"Either way you go Mr. Market, we are with you always holding tight. Thank you for taking us along in this wonderful ride."

 

[jassinko]

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"Either way you go Mr. Market, we are with you always holding tight. Thank you for taking us along in this wonderful ride."

i like Mr. Market think.........:lol:

 

[d_s_ramesh]

Thank you Jassi, I believe you are enjoying an amazing ride on the back of the bear. Have fun and in the bargain make money too.

 

[d_s_ramesh]

Market closed at the lowest giving continuous lows bar after bar. Bears are gaining strength, enjoy the ride. Bear markets give the best profits and it gives in very fast.

Average closing may pull up the price a bit. Spain has got a downgrade, which weighs high on the global markets today. Keep a close watch.