BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Flat opening today

It is going to be a flat opening today on the NIFTY today. Market is likely to go lower and reach value zone on the hourly charts. Our buy calls in MARUTI, AMBUJA CEM and RCOM have filled. There are few more stocks which have come to long trade entry signal today. BHARTI above 277.00, IDEA above 57.90, POWERGRID above 106.00 and TATAMOTORS above772.00.
Please go through the charts, satisfy yourself about the strength and weakness, know the risk and only then take a position.

BASIC MATERIAL is likely to be the weakest sector today. Bulk of the activity today is likely in the ENERGY and UTILITIES sectors. Many of the Oil industry stocks have already run up and still have momentum to reach further highs. Our buy calls in both BPCL and HINDPETRO have already gained 50 points each from their entry levels.

 

[d_s_ramesh]

Market is moving down towards value zone, value zone at 10.00 am is at 5077.00. Trend is strong, waiting will reward well.

 

[d_s_ramesh]

NIFTY punching lower lows, value zone moves up to 5080. We need the price to move below value zone and take off from there. Only then we trade long. Wait continues...........

Trend trade holding after giving back some gains, for now the trade is safe.

 

[d_s_ramesh]

NIFTY is oscillating above value zone but not pulling in. We need the price to move below value zone. There are possibilities of trend continuation without a retracement, inthat case we stick to our system and not trade a swing position without our patterns getting confirmed. That is discipline, isn't it?

Those holding trend long shall cheer as the market is moving up, though not with big gains, still being positive. Every trade cannot be a super duper performer. When one trade comes like that, market going into a dumb phase is a highest probability and that is what is playing now.

 

[d_s_ramesh]

A new high but, divergence steps in

Wow! A new high in the present move but, the steam seems to be running out. Bearish divergence has stepped in and there is continued down tick while the trend is strong. Swing trades need to wait more, whereas it is a happy bull ride for the trend trades. Long position gains close to 40 points on spot values; the advantage in this position is the closing in on the spot/future discount. This adds close to 10 points profit.

Either way when it is a happy journey, lets take it with cheers.

 

[d_s_ramesh]

HighHighHIGH

Yet another high on the NIFTY and this time the chart ticks up. Trend trades doing a smooth mopping up of gains. Trend long position gains 55 points at peak; this trade seems to be a slow but steady winner.

5130 resistance is being worked out.. will NIFTY sail through? Watch the interesting game played out and enjoy the ride.

Swing we are afraid that they may have to rest over the weekend for their chance in this rally.

 

[d_s_ramesh]

Marching higher.

NIFTY continues to march higher and higher with every unfolding hour. The slow pace at which it moves up makes the base strong, but, nothing is a hard rule here at the markets. Holding to stops and continuing with the trend is good.
A down tick at present, but value zone is far away. Trend trade on the long side has reached 60 points peak gains. We are going to continue this position over the weekend.

 

[d_s_ramesh]

Happy week end

Thus comes to an end an exiting week of trades both on the long and short side. Market closes at the highest with a down tick. While the trend is holding on. European markets are trading flat, US markets are expecting a positive jobs report.

Lets believe that the long trade is going to continue on its long journey & with that wind this week. happy weekend trader folks.

 

[PuneetAro]

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

Thanks D S Ramesh for your reply

Now I do not hold Tata Motors. I sold it at Rs 820. When can I re-enter? I mean technical level.
I have been in the market since 2007. I was largely a delivery based investor.
I have also invested in Bharti Airtel. I think BWA and mobile connectivity has growth in future. For BWA india has largest potential to grow as compared to Japan and China. Internet has a potential market in villages. Mobile is reaching the villages before roads. but this cut-throat competion and negative views from analysts made the whole sector look vulnerable. I amnot going to leave mobile and net before die. So there is a growth but Bharti has huge CAPEX. It will take 2 yrs to get some returns. What is your take from fundamental prospective? I have invested small some. I ready to put more when the stock comes down.

Having done well in investment I want to do trading (inra-day). I will keep long term investing aside from trading. Both are different ways of thinking and parking money. I have been trading since 2 months and I have lost 10k out of my capital of 50k.
In order to be a trader I am ready to devote 2 years. Please suggest some good books to start with.
I trade in news based stocks and beaten down stocks. I normally trade in metal stocks using stochastics, MACD histogram but my losses often exceed my profits. Most of the times I do not book losses even if I am confirmed that the trade was wrong and all goes wrong. When I buy a stock I book profits if it goes up marginally and repent if it shows a book move. How can I take emotions out of trading?

Today I knew that metal sector would be down. Even than I traded long and lost money. I am afraid of shorting because people say it is a risky thing to do. Please advise.

 

[d_s_ramesh]

I knew you had closed your tatamotors position while I read your post. It was some other member who wrote about it here.

It was a great fundamental analysis that you have done on Bharti airtel, but keep in mind fundamentals lag technicals by a wide margin. In technicals we take the price as king, it is market psychology. The prevailing price is the 100% reflection of all the fundamentals, news and even rumors. It is not only Bharti or only telecom stocks in India is down. The global market for TELECOM is poor, it has been the most under-performing Sector in comparison with all other sectors.

But there is a trend prevailing in the Telecom sector, unlike utilities or energy which is flat. This week there was a big rally in the telecom sector, the daily charts of all the front runners have given long trade signals. One interesting point to be noted here is that when RCOM and IDEA have given robust moves and has reversed the prevailing trend BHARTI has lagged by a wide margin.

RCOM and IDEA have gained well above 10% this week, while BHARTI was able to do only 6%, this clearly shows that there is something very seriously wrong with this stock.

In the long term TELECOM has given a strong bullish divergence and has an up tick this week. Shorts will get covered and long trades will be initiated. This will make the TELECOM sector to move up further. BHARTI mirrors its Index because it is the leader in the sector.

You can think of long term investments here, but we advice very strict stop losses and strict discipline with money management rules be followed in all your investments.

Please give me your mail id I will send you some interesting and important details about intra-day trading and resources. It is a long data and requires huge time to type it here. Please PM your mail Id, as I suppose we are not allowed to post emails on the thread.

I believe you understand the situation better. I will surely help you in setting up as a trader with all the knowledge I have acquired through my experience. Trading is a science and an art, it differs to each persons understanding and psychology. It is how much time you dedicate for the craft and make it your life source that matters in your succeeding as a trader.

These views may differ from trader to trader, what I write here is from my real life experience as a trader & investor.