BraViSa TempleTree-India Market Calls

[d_s_ramesh]

MACD reaching new High on NIFTY

NIFTY is gaining at a slow pace and that adds to more and more strength. MACD is in the verge of taking off previous high, this means more bullish strength, but MACD Histogram has started retracing bearish divergence. This is the confusion that the market gives on following single indicators. A combination of them would give a collective opinion. For us the EMAs are rising and along with that the MACD lines too, so it confirms that the bullish trend is likely to continue further. While an indicator going opposite to the prevailing trend indicates caution stating, Please be alert there is some points which needs concern here.

The value zone at present is 5086-5118, a price move into this zone can be used as entry signal and traded long on the swing position above the recent high. From the prevailing price the value zone is quite far away. Lets wait and watch.

Trend long which is open from 5035 levels is nearing 140 points peak profit. Hold on trend followers, who knows this may even be a Multi R Trade too. (R is taken as the risk per trade)

 

[d_s_ramesh]

NIFTY is getting down

Market is getting down in a slow pace. Value zone moves up to 5124-5092, trend is active. Swing traders await chance of long entry after price moves into value zone. Trend trades have started giving back some gains, but this trade is a sure winner as the averages are above our entry levels.

 

[d_s_ramesh]

NIFTY pulls up.

NIFTY pulls up again without reaching value zone though it slightly made a move downwards. MACD too getting flat just at the previous peak levels is an interesting turnout now. What is in store? Its entertaining, lets watch.

Value zone is at 5128-5096 at 2.00 pm and market has taken off without touchdown, while its great for the trend traders holding long position from 5035, we are sorry that the market did not give any entry for the swing traders.

Value zone moving up on a slow pace is good, it will keep adding small profits to our position. Before we could post this matter, the market has moved past resistance levels. Trend followersCheers.

 

[d_s_ramesh]

NIFTY bullishness to continue

Bullishness on NIFTY is likely to continue as MACD lines have given a new peak along the price moves. With the force at which the market is moving it seems that the next resistance at 5220 will be taken off soon.

Our trend position gains 165 points.. isnt it fantastic trend traders?

 

[d_s_ramesh]

NIFTY breaks resistance and range

In a strong move and still super strong move towards closing, NIFTY breaks the range high decisively on the Daily charts. 25 stocks of the NIFTY component list are trending today, which is 50%. 8 stocks show strength towards bullishness. 16 of them are having both EMA and MACD histogram in the opposite direction, this is the caution now. 1 stock is having a strong bearish strength. The equation is tilted on the bullish side more better than the previous days position. Bullishness is likely to continue at least in the next session. MACD histogram has a new peak from the current move which adds to bullish strength.

Where are the averages positioned today? Averages are tightly knit between each other, while the price is just close to hitting the next resistance of 5220. There can be a cross over and the averages may open up into a bullish trend, but, there are several resistance and congestion zones going ahead. With a clear bearish divergence on the Weekly charts, we suspect this bullish move to fake out and turn into a pretty strong bear trend. These are probabilities on the longer time scale.

Hourly charts are strong on the MACD lines, which have reached a new peak, a multi month high which was not reached for the past few months. While this shows great strength on the bullish side, the MACD histogram has a bearish divergence and the pattern shows continuation of the up moves on a slow pace. Even if there are strong moves in any bar, it is likely to rest on the next resistance.

The present bullish trend on the hourly has not given any opportunity for the swing trades as it kept moving parallel to the averages without retracing to value zone. Our trend trade which got filled at 5035 on 10th June is open and doing well with a 170 points gain so far. We need to give back some of the gains to stay put in the running trend and capture any further bullish moves. The value zone on the closing bar is at 5112-5148, which indicates that our position has locked quite a good amount of profit at these levels. A close below the value zone and breach of low will only negate our bullish trade and the change direction to bearishness.

Traders on the trend position stay put with the holding, as entry stop has gone pretty low, any knee jerk reactions in the market will only need a close watch on the other hand a smooth move like we had today will lead to further gains on this index position.

Happy trading in a strong bullish market folks.

 

[d_s_ramesh]

Though the US markets opened up strong have given back gains and closed flat or negative. This is good news for swing traders, a small weakness will make the price move towards its value and give signals for long trade.

MACD histogram already retracing 'C' class bearish divergence, the forthcoming swing long trade may be a small win or even a whipsaw trade.

Mirroring US closing Asian markets have opened weak, Japan and Australia is trailing while China is closed & Singapore starting to sink from surface.

 

[d_s_ramesh]

NIFTY starts moving down as written in our pre-market review. Value zone moves up to 5117-5152, we need the price to move into this zone for a swing trade. Trend traders need not worry about losing paper profits; you need to give back some gains if you need to capture the full trend.

Our trend long position saw 180 points peak profit before retracing down. Hold on to long positions we will keep updating as the markets unfolds data.

 

[d_s_ramesh]

Price hovering around high levels, but is registering lower lows. The advantage here is that our value zone keeps moving up with every incoming bar. Value zone on the present bar is 5123-5160. Just keep following the movement in the charts, as the market keeps trending.

 

[d_s_ramesh]

Value zone moves up to 5164-5128. Price has started moving down, swing traders watch out. Futures price changes to premium, the values we are updating here are futures prices. Market is in trend, but strength seems to be slightly diverging.

 

[d_s_ramesh]

Oh! A pull up again without reaching value zone, swing traders were not given any chance in this wonderful bullish move. Trend positions doing superb at present. Value zone moves up to 5133-5168, the speed with which the value zone is moving up shows tiredness, may be the prevailing trend is losing steam? Wait and watch, trend positions may stay on hold for next signals.