BraViSa TempleTree-India Market Calls

[mayasharma]

Market is moving higher but you have quoted as neutral.

 

[d_s_ramesh]

I have quoted nuetral - you can see it is snapping back. But, I clearly agree that I cannot be 100% accurate. Many a times our analysis are over ruled. That is why systems are used. My trading system gave me neutral signal, so till I get a confirm signal, I need to wait.

We should not out guess our system once we have tested it thouroughly. Those type of behaviours may be profitable on one or two occasions, but it will ruin your discipline.

If you have to be a successful trader, you have to be very serious on discipline.

 

[d_s_ramesh]

While market is trying lows, ratings show strength. Both not in sync, we need to wait for clearance.

 

[mayasharma]

I have sent PM of my mail id.

 

[d_s_ramesh]

Already replied please check mail. Thank you. Your speed of movement just amazed me.

 

[mayasharma]

Thank You.

 

[mayasharma]

how would the market's behaviour tomorrow?

 

[d_s_ramesh]

NIFTY daily chart has bearish strength, but neutral at present. While the component list is gaining bullishness. 19 stocks on the NIFTY component list are bullish, 13 stocks bearish and 28 stocks neutral.

Hourly chart too mirrors bearish strength but moving into range. 61% of NIFTY is trending with overall rating of the index showing bullishness. Both charts and rating does not sync yet. So, we need to wait for confirmation of break out on either side to trade in.

The US indices have tanked as of now, what will be its closing is to be watched. INFOSYS continues sell signal with entry moving to below 2740.Stop 2860, add on increments 30 points below each entry up to 2650.

 

[simple_trader]

It has been an irritating market for index traders as most of the time market is range bound. We can not expect the best performance following any system now. But nothing can be done!! Only option writers have upper hand in such situation, but they are too dealing with little premium. Hope volatility goes higher soon.

I find high volatility and panic in the market are the best situation for traders.

Happy trading!

 

[d_s_ramesh]

Unfortunately that is truth simple trader. It is like, only if the ignorant are in panic that the wise ones are happy. In the US markets there is saying, 'If the world is disturbed, we are the happy lot'.