BraViSa TempleTree-India Market Calls
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Make it more interesting.
It is great that you have been following our posts with regularity. Once you start giving full concentration into any effort, you get the magic wand in your hands. Anyone can get it right in the markets, only belief and confidence in what you are doing is that which is most important.
Get experience from paper trades, but real money gives the most joy. Once you see money earned in your account, you get some additional boost. Become an expert before you venture into too short time frames. Many times it happens that, many days of small gains gets wiped out in a single volatile day.
Thank you very much prasham, your followups makes it more interesting to work on this project.
It is great that you have been following our posts with regularity. Once you start giving full concentration into any effort, you get the magic wand in your hands. Anyone can get it right in the markets, only belief and confidence in what you are doing is that which is most important.
Get experience from paper trades, but real money gives the most joy. Once you see money earned in your account, you get some additional boost. Become an expert before you venture into too short time frames. Many times it happens that, many days of small gains gets wiped out in a single volatile day.
Thank you very much prasham, your followups makes it more interesting to work on this project.
NIFTY went shy by few ticks to reach 5400 and has closed well within the resistance zone. Hourly chart has gained volatility. A retraction to value is eminent, but when is the question now. Though struggling hard, NIFTY is managing to close every day with small gains.
As Daily charts are strong, a retraction to value zone is a long entry opportunity.
TELECOMMUNICATIONS Sector was the leader today with both RCOM and IDEA registering good gains, while BHARTI took rest.
Paper industry registered robust gains today with an above 8% gains on the index.
Data updating by the exchange is late today, so we shall follow up our post with full data.
As Daily charts are strong, a retraction to value zone is a long entry opportunity.
TELECOMMUNICATIONS Sector was the leader today with both RCOM and IDEA registering good gains, while BHARTI took rest.
Paper industry registered robust gains today with an above 8% gains on the index.
Data updating by the exchange is late today, so we shall follow up our post with full data.
Thanks Prasham, for pointing out the mistake. Learning from mistakes is great experience and if we are fully aware, we are not bound to repeat the same. It is aptly said that, a mistake is a mistake only if it is repeated twice, while at the first time it is learning.
Reporting is new to us, we strive to keep up with accurace. Thanks once again, for helping in our learning process.
It was BHARTI and IDEA that was strong while RCOM closed flat.
Reporting is new to us, we strive to keep up with accurace. Thanks once again, for helping in our learning process.
It was BHARTI and IDEA that was strong while RCOM closed flat.
A buying opportunity on NIFTY.
NIFTY, seems likely to retrace towards value today. On a fall 5200-5280 will hold the range of support. A bounce from these levels shall be used to trade long. The next upmove after a retracement will be the final breadth of NIFTY on the bullish side in the current move up.
Immediate resistance is at 5550, for which NIFTY has to cross 5400 decisively with good strength. If it moves up without retracement, chances of bracing 5550 is going to be a puff out.
Meanwhile the short term bear move also can be capitalized by shrewd & fast moving bears.
NIFTY, seems likely to retrace towards value today. On a fall 5200-5280 will hold the range of support. A bounce from these levels shall be used to trade long. The next upmove after a retracement will be the final breadth of NIFTY on the bullish side in the current move up.
Immediate resistance is at 5550, for which NIFTY has to cross 5400 decisively with good strength. If it moves up without retracement, chances of bracing 5550 is going to be a puff out.
Meanwhile the short term bear move also can be capitalized by shrewd & fast moving bears.
NIFTY at Value zone.
As stated in our post today NIFTY went into correction mode and reached close to value zone. As the Daily charts have good bullish strength one can trade long on upticks. But the depth of weakness also shows strength. In case of further weakness and tomorrow being a weekly closing. A lower close on NIFTY will initiate the much awaited short trade on daily charts.
Since the value zone has enlarged to 5205-5285 range, NIFTY has the possibility of playing within. Tomorrows close is crucial to decide the trend. Long trade is the option for tomorrow as the chart readings go for today. NIFTY has to settle down and give a pullback, only then initiate longs.
Almost all the Sectors and Industry groups registered negative close today. FINANCIALS lead the rally down followed by BASIC MATERIALS. TECHNOLOGY was the only Index to have closed positive today.
Track list of our open calls.
BHARTI: Has closed weak with a strong bullishness holding yet.
NFL: Has turned weak, stop intact.
ADORWELD: Has closed positive.
ABGSHIP: Closed weak, while trade is safe above entry levels.
RALLIS: Closed strong and is close to target.
SUNDRAM FASTENERS: Has closed positive.
As stated in our post today NIFTY went into correction mode and reached close to value zone. As the Daily charts have good bullish strength one can trade long on upticks. But the depth of weakness also shows strength. In case of further weakness and tomorrow being a weekly closing. A lower close on NIFTY will initiate the much awaited short trade on daily charts.
Since the value zone has enlarged to 5205-5285 range, NIFTY has the possibility of playing within. Tomorrows close is crucial to decide the trend. Long trade is the option for tomorrow as the chart readings go for today. NIFTY has to settle down and give a pullback, only then initiate longs.
Almost all the Sectors and Industry groups registered negative close today. FINANCIALS lead the rally down followed by BASIC MATERIALS. TECHNOLOGY was the only Index to have closed positive today.
Track list of our open calls.
BHARTI: Has closed weak with a strong bullishness holding yet.
NFL: Has turned weak, stop intact.
ADORWELD: Has closed positive.
ABGSHIP: Closed weak, while trade is safe above entry levels.
RALLIS: Closed strong and is close to target.
SUNDRAM FASTENERS: Has closed positive.
Markets This Week
NIFTY giving a good pullback and an up close for the weekend, keeps the bullishness intact. A ninth straight week of up close on the NIFTY. This weeks price close has managed to get the MACD Histogram above zero. There is a very clear bearish divergence on the weekly chart for all the indicators. Till there is a down close, bulls need not worry.
5400 seems to be a big hurdle for NIFTY at the moment. Once it decisively crosses it we shall see the NIFTY brace 5550 mark easily. Daily charts show topped out position on indicators. Both MACD Lines and MACD Histogram have gone flat, the next up move will end the present bullishness. The pull back which came on Friday did not reach value zone before taking off on the bullish side.
There can be some range bound sessions before the 5400 mark is reached again. On the reach of these levels, Daily charts will retrace bearish divergence on all indicators. This would give in for a good amount of correction on the NIFTY. Hourly positions do not have much promise on the long side, while daily trades have no weakness yet on the longs. Hold on to long positions till there is weakness, but be on the front foot to reverse positions or at the most exit longs on first weakness, because rampant bear moves are likely.
Most of the sector Indices registered gains this week except of HEALTH CARE and TECHNOLOGY which had minor weakness. CONSUMER SERVICES and UTILITIES Sector gave robust performance by registering 3.66 and 3.47% gains respectively.
RALLIS reaches target from our recommended calls. All other stocks have closed positive while NFL is negative, where the stop is intact BHARTI has closed inside the value zone, as there is not much strength shown in this stock on the bullish side, we need to wait for an uptick to add to existing longs.
Healthcare Equipments industry was the highest loser this week. As this Industry group is very strong on the weekly charts, there is opportunity in FORTIS here. Paper Industry group was the great performer this week with gains of 27.27% on its Index. Watch Ballarpur Industries to trade long on a pull back
NIFTY giving a good pullback and an up close for the weekend, keeps the bullishness intact. A ninth straight week of up close on the NIFTY. This weeks price close has managed to get the MACD Histogram above zero. There is a very clear bearish divergence on the weekly chart for all the indicators. Till there is a down close, bulls need not worry.
5400 seems to be a big hurdle for NIFTY at the moment. Once it decisively crosses it we shall see the NIFTY brace 5550 mark easily. Daily charts show topped out position on indicators. Both MACD Lines and MACD Histogram have gone flat, the next up move will end the present bullishness. The pull back which came on Friday did not reach value zone before taking off on the bullish side.
There can be some range bound sessions before the 5400 mark is reached again. On the reach of these levels, Daily charts will retrace bearish divergence on all indicators. This would give in for a good amount of correction on the NIFTY. Hourly positions do not have much promise on the long side, while daily trades have no weakness yet on the longs. Hold on to long positions till there is weakness, but be on the front foot to reverse positions or at the most exit longs on first weakness, because rampant bear moves are likely.
Most of the sector Indices registered gains this week except of HEALTH CARE and TECHNOLOGY which had minor weakness. CONSUMER SERVICES and UTILITIES Sector gave robust performance by registering 3.66 and 3.47% gains respectively.
RALLIS reaches target from our recommended calls. All other stocks have closed positive while NFL is negative, where the stop is intact BHARTI has closed inside the value zone, as there is not much strength shown in this stock on the bullish side, we need to wait for an uptick to add to existing longs.
Healthcare Equipments industry was the highest loser this week. As this Industry group is very strong on the weekly charts, there is opportunity in FORTIS here. Paper Industry group was the great performer this week with gains of 27.27% on its Index. Watch Ballarpur Industries to trade long on a pull back
NIFTY in Range!!!
It was written on the wall, charts clearly showed sideways moves today. There is pretty strong indecision developing in the market. Neither bulls nor bears are sure about the markets direction at present. It is clearly shown in the dearth of volume in all the indexes.
IT though showed positive closing, has given back more than 30% in volumes. What is all this telling us? A clear warning bell, that you should tighten your belts on the long trades. Most of the Index stocks have retraced bearish divergence on their main indicators.
Not only Index futures, many big stocks which lead the indices are also short candidates on first signals. If NIFTY manages to re-test 5400 or beyond once again, that would clearly be the last puff of the bull. BE CAREFULL, bear moves can be very powerful. Take the right opportunity to exit the winning portfolios, need not repent on the lost opportunity later.
On the Sector evaluation TECHNOLOGY stood the gainer, followed by CONSUMER GOODS & CONSUMER SERVICES. The gains were very pretty miniscule. The weakness was lead by the INDUSTRIALS followed by UTILITIES.
On the Industry side it was Paper the biggest loser. What is in store here? Watch BALLARPUR, the fall is a blessing in disguise for some real strong stocks. These stocks have the potential to give good returns even if the broad index fails to.
System trades for the past 3 weeks on the Index futures have given NIL returns, adding confirmation to the sideways move of the market. Only the prudent lot is able to make some gains in the present market, so dont get carried away by the INDEX moves, it has the potential to suck in un-intended small traders.
Fertilizer Industry group showed good gains and our recommendation NFL, has closed with good gains too from very high weakness, of the last session.
SUNDARAM FASTENERS fell short of target by a tick today, but the scrip is strong and will reach target in the coming sessions.
ABGSHIP, ADORWELD and BHARTI closed weak today. Stops Intact.
HINDALCO is a short candidate holding a 20 point potential; take a look at this chart.
It was written on the wall, charts clearly showed sideways moves today. There is pretty strong indecision developing in the market. Neither bulls nor bears are sure about the markets direction at present. It is clearly shown in the dearth of volume in all the indexes.
IT though showed positive closing, has given back more than 30% in volumes. What is all this telling us? A clear warning bell, that you should tighten your belts on the long trades. Most of the Index stocks have retraced bearish divergence on their main indicators.
Not only Index futures, many big stocks which lead the indices are also short candidates on first signals. If NIFTY manages to re-test 5400 or beyond once again, that would clearly be the last puff of the bull. BE CAREFULL, bear moves can be very powerful. Take the right opportunity to exit the winning portfolios, need not repent on the lost opportunity later.
On the Sector evaluation TECHNOLOGY stood the gainer, followed by CONSUMER GOODS & CONSUMER SERVICES. The gains were very pretty miniscule. The weakness was lead by the INDUSTRIALS followed by UTILITIES.
On the Industry side it was Paper the biggest loser. What is in store here? Watch BALLARPUR, the fall is a blessing in disguise for some real strong stocks. These stocks have the potential to give good returns even if the broad index fails to.
System trades for the past 3 weeks on the Index futures have given NIL returns, adding confirmation to the sideways move of the market. Only the prudent lot is able to make some gains in the present market, so dont get carried away by the INDEX moves, it has the potential to suck in un-intended small traders.
Fertilizer Industry group showed good gains and our recommendation NFL, has closed with good gains too from very high weakness, of the last session.
SUNDARAM FASTENERS fell short of target by a tick today, but the scrip is strong and will reach target in the coming sessions.
ABGSHIP, ADORWELD and BHARTI closed weak today. Stops Intact.
HINDALCO is a short candidate holding a 20 point potential; take a look at this chart.
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