BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Range low on NIFTY

NIFTY hits range low on the daily charts, what next? Daily chart is non-trending, Hourly charts which opened into a trend on the actual closing price turning non-trending after averages were done by the exchange. So its going to be a further wait and watch on both Swing and trend systems.

While trending systems doesnt give any option to trade, return to mean trading systems will be doing good with the use of Stochastics and other oscillators. Switching between trading plans is not advisable until a trader is well accustomed to that type of trading.

Stick to your trading plans, there may be losing trades and a streak of losses too, but in the long run, discipline pays well.

With the hourly histogram having a small bullish divergence, in case there is a reversal, NIFTY is likely to reach 5130-50 resistance or it may even stall in between if the range is going to tighten. Range getting tightened and then blowing out will give good returns on the next move.

Trade the patterns and systems as they unfold every hour and day, do not second guess your systems or use judgment against your trading rules, these are testing times for traders. Market forces act to lure you into all types of games, once you give in, you are bound to get caught unawares.

Trade with caution.

 

[miscos]

Re: Range low on NIFTY

.......While trending systems doesnt give any option to trade, return to mean trading systems will be doing good with the use of Stochastics and other oscillators. Switching between trading plans is not advisable until a trader is well accustomed to that type of trading.
Stick to your trading plans, there may be losing trades and a streak of losses too, but in the long run, discipline pays well.................Trade with caution.

Dear Ramesh sir,
Have you any site (blog) where the system you refer to is explained? I could not find in this thread about that. You advise position for both trend and swing traders - can the system be explained so that we can try to analyse the things and may be, we would get our views clarified/ vetted by you with your high experience. That way some people may improve their skill also. I mean what indicators and cross overs you prefer to use for trend as well as swing calls, Which way we have to look at EMA/ Stochastics/ other indicators etc we may look etc. You may prefer to explain in any weekends. Thanks.

 

[d_s_ramesh]

Thank you for your query sir, our site is getting ready. As there are a lot of things included in it with Industry Indices for the whole market, comparison charts, basic technical charts, trading signals, Analyst posting for traders charts and calls. Free one-to-one interactive Chat sessions bringing the traders into our trading rooms etc., including commoditties signals for both MCX and NCDEX.

As everything is planned to be online, coding and testing is taking huge time. Very soon you can find our ads on traderji too for the website. All these have been planned as free access to members. Untill then, every one who feels to have some clarifications on any of our works can be free to ask us through this thread or send a PM if they require that their personal details need to be kept off from public domain.

As far as the system, we are using double EMA with MACD line and histogram, Dr. Elder's Safe zone for stop loss using hourly, daily and weekly charts along with a proprietary trending indicator for swing trades and combined coding to rate the trend of any Index for trend trades.

There are plans to release the indicator code in the Stocks and Commodities magazine for all the Technical analysis softwares, expect it in a short span. Until then both the indicator code and rating methodology cannot be revealed in public domain, as they have been contracted to the website.

 

[d_s_ramesh]

Up........& where to?

Global markets closed positive and so is our market following the path righteously. Having a small bullish divergence on the hourly charts this up move was anticipated, but where is it headed for? 5010 is itself a congestion zone and a good resistance, we can see NIFTY resting here, are the bulls having the required energy to push up? With both bulls and bears tired of regular clashes, non have the energy required at present, but one is going to overpower the power the other at some point.

Lets watch the fun on the sidelines, once we witness either of them gaining strength we will jump in and hold Mr. Market tight and go around with it in a joyous way.

 

[d_s_ramesh]

Hourly chart opens to trend on the bearish side.

While market is struggling at 5010 resistance, hourly charts open up into a bearish trend. Swings traders get active, wait for pull back to value to short. Value zone on 11.00 am is 5026 spot, market has just opened into a trend if there is contraction in the coming hours it will negate the trend.

Now we take the side of the bears as they have started to vest control.

 

[d_s_ramesh]

Swing Short

Swing short NIFTY below 4993.50 spot. A close above 5040 will negate the bearish view. Stop loss 5044 spot.

 

[d_s_ramesh]

Swing & Trend long

Market braces towards higher levels, Bears over powered. Short signal gets cancelled. Trade long above 5050.50 spot with a stop of 4998.00 spot Both swing and Trend systems.

 

[d_s_ramesh]

Short again.

Short below 4989.50 Spot with a stop of 5049. Neither long nor short was triggered from the previous signals. Trade with the system signals which is at present in short for both trend and swing traders.

 

[d_s_ramesh]

Yahoo RT server is down from 12.50 pm today, those of you using yahoo for feeds please switch to other source. The last time it was down in January, they took almost 20 days to rectify, how long would be the wait now.

Free services always have flaws, no customer care to call for.

 

[d_s_ramesh]

Short triggered on both systems, there seems to be a very tight move in progress.