BraViSa TempleTree-India Market Calls

[d_s_ramesh]

NIFTY Trend long closed with 270 points profit.

A minor gap down open on the NIFTY futures gave exit of the Trend long position with a 270 points profit. The rating system readings show bearish signals while the chart is having it Slow EMA still rising by a small value. When both are not in sync, we are off from the trend system trades. We will keep updating next movements on the Trend system

Swing is still in buy, Trend is on and the Average is rising, a breach of 5314 is a long signal on the Swing system. As long as the system is giving as signals we need to trade them, we are not allowed to second guest the system. So we place our long stop entry order above 5314 with a stop of 5288. This is a high risk trade with probabilities going neutral, we have to be disciplined to trade the system not judge individual trades.

It is left to the discretion of the traders to trade this position or not. After a big move markets are likely to stay flat for some time before gathering momentum, but many a times it is a fast reversal too.

 

[d_s_ramesh]

After being bearish for the last 2 bars, ratings have moved to buy mode. A change in direction every hour is an indication that the markets lack direction. Now we need to trade long on both Trend and Swing positions if the current high of 5313 is taken off on NIFTY. Stop is kept tight at 5288, if the trade is not filled, new entry triggers will be posted in the n ext hour.

If the present consolidation continues for few more hours, we are likely to see the trendiness going off from the NIFTY Index.

 

[d_s_ramesh]

NIFTY dip flat-up----down and into the dumps.

Previous hour had a buy call, now a reverse has come and the beauty is that we were not filled into a long position. As we write, NIFTY goes higher taking off days high while we are awaiting signals. Swing system is in sell and will not permit longs as the price closes below average. Rating is bullish and the chart will not allow to trade long as we have a Red Impulse.

Thats the beauty of the system; it somehow managed to keep us off from an indecisive market. Though a 100% filter is not possible every point saved is a gain made, am I right. Kudos to our Bravisa rating analysis method.

 

[d_s_ramesh]

Again a reversal on NIFTY

NIFTY gives an opposite direction signal again at the 1.00 pm bar. An uptick with both the averages rising. Trade long above 5330 with a stop of 5288 on NIFTY futures. We are going with the flow. Value zone is getting jammed with markets go into range.

 

[d_s_ramesh]

Both Swing and Trend trades get filled and up tick continues. Value zone is inching up at 5310-5324. This is going to be a sort of tricky trade for us, we hold on to the flow.Please maintain very strict stop loss. Market can jump on the other side too.

 

[d_s_ramesh]

Our new long position is below entry levels but continues to have an uptick with the value zone moving up in a slow pace at 5311-5324. We can observe that the fast average has gone flat; this might mean trouble to the position. As long as the uptick keeps coming we hold on to our longs on swing position. While our trend position needs reversal signals.

A not very interesting market today now gives the reins to the European markets and further to the US markets to play their part. Next signals can come only after the closing or after the global markets close. We are trading with the system rules. Performance is not based on a single trade, traded with discipline for a long period will give best results.

 

[d_s_ramesh]

NIFTY is rolling dice at the highs close to the channel high while its MACD histogram continues its down tick. MACD lines are rising but slow, averages are fast approaching price, the gap between price and EMA is getting narrowed. Daily chart is trending with consolidation going on at the higher levels. It is either a small sideways consolidation or a bear move to the value zone. Value zone on the daily chart is at 5161-5220, a price move into the narrow zone will give us a swing long trade entry on the daily charts.

Hourly charts though in a bullish trend took a nice dip into the value and have turned up nearing close. MACD histogram forming a deep valley is not a good sign on the bullish trend. MACD lines have a bullish top and needs a re-test of high or beyond to give a strong bearish divergence.

We are holding long position on both Swing and Trend systems after closing our trend long position at the days open with a 270 points stupendous gain. The new positions have closed positive to our entry. Global cues at the time this writing are weak. As we have an uptick on the closing bar we need to wait to further signals after 10.00 am in the next session.
Tomorrow being the expiry day for futures contracts, there is high volatility likely in the markets. Rating system is strong on the closing today. Value zone on the hourly has moved up to 5314-5326 a good improvement compared to previous bars.

As long as we are trading with the system rules, we are due to get good returns in the long run. There is a possibility of some give backs after a good trade and we have just finished a wonderful profit trade. We will go as per our charts.

 

[d_s_ramesh]

Long trades on NIFTY doing well.

In line with the flat global cues, our market is also flat but positive. Movement on the NIFTY future is tight with an uptick, indicating a continuation. Value zone moves up slowly to 5316-5329. MACD histogram still being below zero is not a good thing to be. It needs few more bars of strength in the market or a clear bullish spike to move above zero, which seems a distant possibility at this moment. A new high on the NIFTY is likely, but at those levels if the bulls are not able to push the MACD histogram high above zero, we will go into a clear bear phase.

An expiry day, so the market has the possibility to swing either way. Traders please apply caution on all the positions being traded on the long side today.

 

[d_s_ramesh]

TIGHT hour with weakness

The past one hour seems to be a very tight hour for NIFTY which has had just a 6 points range. Though it has been an uptick bar, there seems to be warnings for weakness getting in. Value zone moves up to 5318-5331, marginally inching up again. Whether the current move is going to see a new high before expiry or will it take more time and into the next contract is a serious thought now?

A down tick is the exit rule for swing long positions and a reversal is needed to trend long exit. We are going with the flow. Traders need to give more attention to the screen in the coming hours.

 

[d_s_ramesh]

UPTICK continues.

Another higher high and uptick continues. Value zone moves up marginally to 5320-5334. MACD histogram all the same. 50% of the expiry day has made a smooth way out, what is in store from the coming rest? Is all the drama kept rolled for the last hour or whether NIFTY goes to a rollover without much fun and fair? Lets watch it as things unfold.

Our positions though not close to anything above fair value at least does not have any panic attached. Still we recommend that traders be glued to their screens for the coming 4 hours to take swift actions if necessary or rollover in the last 30 minutes.