BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Long trade got triggered on NIFTY and is holding above entry with not much happening. Rating stays positive with 55% of the stocks on the NIFTY in trend. MACD histogram starts moving above zero with force, not to say big force here. EMA’s have started to cross over; it needs more bullish power to bring the NIFTY into trending mode. Stop remains same as was at the open, though the position has not given any robust gains after entry, still stays positive to entry levels.

There was a slippage at entry as price move was faster in line with the norm of the range markets.

 

[d_s_ramesh]

After a few sessions of down moves, NIFTY turns up without reaching value zone. Value zone on daily chart moves up to 5255-5192, while 5270 forms a strong support on NIFTY. MACD lines have given a higher high indicating that the trend is likely to continue further. On breach of 5375 resistance, next immediate resistance is at 5400, we expect NIFTY to reach 5400 with convenience.

Weekly chart of NIFTY which opened out to another bullish trend confirms the daily opinion of breaching 5400. Above 5400 the next levels to watch out is at 5450.

The hourly charts had yet another whipsaw trade before getting long on the trade signal which had taken off the range channel high decisively. Our long trade on the hourly in the trend system is positive at close. MACD Histogram has begun giving higher high bars above zero, which has come here after a small bullish divergence between prices. MACD lines too have started rising and is above zero now. EMAs have crossed over and have started opening out, the value zone at the closing bar is 5317-5315.

The upward slope on the EMA along with the Histogram is a strong signal that the prevailing trend is going to continue.

 

[d_s_ramesh]

Stock Calls:
RELIANCE CAP Weekly long filled.
HDFC BANK, not filled hence entry moves to above 1964 with 1894 as stop.
BERGERPAINTS, buy above76.55 with as stop of 70.45.

 

[d_s_ramesh]

Reverse to Short below 5307 on futures. Stop 5353 on futures.

 

[rmrtn1981]

Reverse to Short below 5307 on futures. Stop 5353 on futures.

Sir Stop Loss Jayada Nahi Hai 5353 Ka 10-15 Point Ka Stop Loss Diya Karo Or target Bhi Nahi Bataya Aap Ne

 

[d_s_ramesh]

Short continues, hold with stop.

 

[d_s_ramesh]

Market takes direction after 4 whipsaw trades, gaining above 50 points. NIFTY keeps adding more strength on the down side with every coming hour. NIFTY needs a decisive breach of 5250 to go further down.

Lets not predict the future in detail, while just going with the flow is rewarding us.

 

[d_s_ramesh]

Ahhhhhh! now comes the beautiful break, the chart will start getting into trend, our position gained 60+ points. Signs of back to good times. Value zone at 5303-5296, our position is safe now.

 

[d_s_ramesh]

Thank you rmrtn1981,
This is a trending position, my stop losses are calculated on a predetermined levels. Stop loss will be fixed as the trade is in progress. When a reversal comes, I immediately post the new exit levels. That is almost the trend exit in the trade.

Having a lesser risk most of the time will get hit with the noise of the market. In sideways markets, though having a considerably higher risk too has had many hits. We have had 4 whipsaw trades before this short position which has run positive towards market closing.

 

[d_s_ramesh]

Weekly, daily and hourly all the time frames are trending but, have different directions. Weekly is bullish and holding up above averages, daily has retraced to value zone with the indicators having strong bullish strength. While the hourly charts are in a strong bearish trend.

Daily charts have taken a longer time than usual to come to value from the highs. The relentless effort it showed it gaining further bullishness and finally giving up shows that it might be tired & would rest in the value zone to muster some strength before going on its onwards journey to take out into a new high. A long entry on the swing system here would mean trading above 5323, which is quite higher compared to the days close. So, settling down at the value zone and giving a better entry trigger is likely.

Though NIFTY managed to break the 5245 support, it was not successful there as the close is well above the support levels. A strong Global weakness which is visible at present may help to drag it down to the next support levels at 5200 which is also the daily value zone low for today. From there the next up move is likely to resume.

Hourly charts, which turned bearish after many whipsaw trades and have gone into a strong bear trend. Value zone at 5297-5286 has managed to keep our position safe as the risk gets cleared. This is a soft stop level, while our open stop holds till there is a clear reversal signal. As the markets have opened into a bear trend, a reach to the value zone will give us opportunity to trade short on the swing system.

5240 is a tight congestion zone at present and NIFTY has made its bounce right from there. MACD lines are showing strong bearish strength, which would take the index to the 5200 levels which is a very strong support at the moment.

Traders holding short position from 5306.00 shall continue with the position till there is a reversal.