BraViSa TempleTree-India Market Calls

[d_s_ramesh]

NIFTY shoots up breaking resistance

NIFTY breaks 5250 resistance with force and there. Comes an uptick again, this time with a New High on the present bullish move, but as we have written in our earlier posts macd histogram is still below zero. This indicates that the bulls are absent, as long as the market continues with uptick our position holds good. Once a down tick comes in, we close long below low of the down tick bar.

Trend position has hit 235 points peak gain, we can see many trend followers smiling.yes its real joy. Thank you fellas, enjoy this wonderful bull ride.

 

[d_s_ramesh]

NIFTY at its next stopping.

NIFTY swept through the 5250 resistance and has stopped exactly at the next resistance of 5290. What an amazing trip and a miracle too, just holding at the right places. Its great to keep writing every move that the market is giving us.

Now both Trend as well as Swing traders can make merry. Trend position peaks a 260 points gain. A real big quantity of numbers for the hourly chart trades. Value zone moves up to 5206-5235, locks 170 points gains for the trend traders holding long positions.

MACD is still struggling to move past zero,, bullish strength is negligible, then what is moving the NIFTY? It has just flown as though flood gates were opened. As long as the trend is intact and money is flowing lets take it. This is what is called disciplined trading. When you are disciplined even on the rough patches, you are allowed to take the gains by lorry loads.

Enjoy the bull ride, its not going slow like a real bull, our bull is fitted with a jet engine at the bottom. So hold on to the reins as tight as possible.

 

[d_s_ramesh]

NIFTY closes just below resistance, it is an uptick bar on close. So we need not panic on the opening. Both Swing and Trend positions are safe at present. MACD Histogram has shown its head above water, but bearish divergence is confirmed on both MACD Lines and histogram, we need to be careful with our position.

Value Zone moves up to 5212-5242, locks close to 180 points on our trend position. Swing traders are holding on to an above 50 points gain. Market is rocking, lets join the dance.

All these foresight is for knowledge and know how, we trade as per the chart formation and system rules. System says 'run' we 'run', it is that discipline which has brought us here.

 

[d_s_ramesh]

NIFTY for today.

NIFTY on the daily chart hits the roof, price on the daily chart reaches the over valued zone. The coincidence of both the resistance and the channel at the same levels is a wonderful pattern. Daily chart is off trend yet, but its MACD histogram is reaching for higher highs. The markets closed at the highest level of the day, but continuation from here seems to be a little time consuming. NIFTY will rest here for a while and then resumes its journey, in the time it relaxes what can happen?

As the daily chart is not in trend, there are possibilities for a retracement to value or nearest supports. Value zone today is at 5103-5132 on the daily chart. As the value zone is quite far away, the nearest supports will hold the market on its move down. Supports exist at 5250, 5220 & 5200 levels. The next area of strong resistance is at 5350.

The hourly chart of yesterday was a Michael Angelos painting on the markets wall; we can see the dip after our swing long entry and then a smooth take off, taking along all the swing positions. Our stop loss played a dramatic role today. The closing bar had an uptick, so we stay in wait for the first hour to pan out. It is likely that the exit for the swing trade is around the corner. Where to exit? First hour market moves will give us the required signal.

With the US markets closing flat on the floor & Japan scratching the same at open, we are likely to see a small range on the first hour and know what? That is at our advantage, a small range and a down tick thats it, out swing will get a beautiful closing.

There is a very strong bearish divergence on both MACD and its histogram on the hourly charts; the back of the bull is broken. So, it cannot run far. This was the call we had in many of our recent posts. That has been recorded now, our swing bull danced, made merry but is fast losing its energy. While our Trend bull is partying with a 260 points peak gain and a 175 points lock in profit.

Just being with the flow and following the rules with discipline has brought us here. There was no holy grail or any such thing used. It was an open book for every one to have a look and we had a rough patch too. Traders take note, that it is not a smooth ride all the way, but we get a chance to take loads of cash often. Please do not miss it, trading your systems with full trust, belief and faith is the only HOLY GRAIL.

 

[d_s_ramesh]

The uptrend on the NIFTY Index continues with an uptick on the hourly chart, but we can see price taking strong resistance at 5290 levels. Both swing and trend positions are hold on, value zone moves up to 5218-5248. This locks above 180 points on the trend long position. With market going smooth, we will get a good exit on both the positions.

 

[d_s_ramesh]

UPTICK continues.

While NIFTY is moving into very tight ranges, the uptick on the charts keep continuing. It adds profits with every incoming hour to the trend position, while the swing long position is awaiting a down tick bar to sell off. Value zone moves up to 5223-5254, falling short of just 13 points for a sweet 200 points lock of profits on the running trend long position.

 

[d_s_ramesh]

NIFTY asks for landing space..APPROVED!

Exit swing long below the days low.

 

[d_s_ramesh]

NIFTY- hourly swing long-lands safe.

Hourly swing trade on the NIFTY gets smooth exit with a 35 points gain. NIFTY ticks down, while the value zone moves up to5226-5257. Trend long position locks 190 points gain. While bullish trend continues, there are possibilities of long trades on swing system if NIFTY pulls up to break previous high after moving into the value zone. Long trades at the moment are not safe as there is good bearish divergence on the MACD. Still is there is a trade we need to get in as we are to follow our system.

In case the market drifts lower & closes below value zone, the trend will reverse and give short trade signals. Unbiased, lets be ready to take the signal that presents itself.

Tight range moves give minimum profits & that is what we have got from the swing position now.

 

[d_s_ramesh]

Swing long again above 5276 on Futures with a stop of 5229.00

 

[d_s_ramesh]

The swing trade met a slippage too. This is a trade on the bullish side when both MACD lines and MACD histogram have a clear bearish divergence, if market is going to keep bracing value zone and moveing up, we will have such trades till there is a reversal.

Now we need the 5290, Iron resistance to open its flood gates. Lets watch things unfolding themselves. Keep stop loss intact, if the ensuing hour is not developing into an uptick, we get our exit soon.