BraViSa TempleTree-India Market Calls

[mayasharma]

Nifty will be in range and wont generate your buy signal. Though volumes are good the price movement is not favourable.

 

[d_s_ramesh]

Beautiful chart patterns and synchronization panning out. Again NIFTY goes neutral, resumes wait on the side lines.....................

 

[d_s_ramesh]

Thank you, Maya sharma, for your comments, it was useful. We trade in, only if the price moves past the values noted and the trade gets filled in. If the market does not have strength, it will not trigger entry and we take our next stand based on incoming ratings and chart patterns.

We are not predicting any moves, we are just recording the probabilities. Going with the flow will always benefit us in the long run.

 

[d_s_ramesh]

Long signal again. Go long NIFTY futures above 5399.25 with a stop of 5360. Add on increments at 9.25 points above each entry up to 5427. Ratings are drifting lower, trending percentage has too started moving down which is at 59% on the 3.00 pm data.

Though the gap between prevailing price and our trigger price is close, entry may or may not get filled.

 

[d_s_ramesh]

Our long call on the hourly NIFTY got filled with first entry, but market struggled to move up further & get subsequent entries filled. Now that the US markets have collapsed again, we are going to have a good gap down on Monday and yet another whipsaw trade to our account.

Though most of the world markets are deep into bearishness, we are showing resilience. As of now our market is the strongest in the Global pack. NIFTY is unrelenting to give in to bear pressure, still not able to gain bullish strength. The tug of war between both bulls and bears continues.

On the daily charts, though the market is in bullish trend, strength is very less. Both MACD and MACD histogram have clear bearish divergences. We have closed this week on a two year high, at the highest high on price, histogram has just managed to put its head above zero, and this indicates there are very less bulls in the market at present.

All three timeframes are contradictory to each other, lacks clarity. We are likely to continue with sideways patterns for few more sessions.

 

[d_s_ramesh]

Weekly long trade signals:

DLF buy above 325.50, stop 270.00. Add on 339.40,353.25,367.15 move stops 283.85,297.75 & 311.60.

UNITECH buy above 85.30 stop 70.10. Add on 89.10,92.90,96.70 move stops 73.90,77.70,81.50.

Existing positions:
TATASTEEL(Daily) 4th add on pending at 520.75, present stop at 482.75.

Weekly
ICICIBANK: Holding with first entry.
Bharti : Holding with first entry.
IDEA: Holding with 2nd entry, stop at 58.90

 

[SwingKing]

DS,

Had been very busy since last 2-3 days. I am hiring some traders to work for me. Hence could not reply about the thing we were discussing.

I'll surely reply in this week.

Sorry for the delay.

Tc

 

[d_s_ramesh]

Thank you Raunakji, take your time sir. It's nice to hear that you are hiring traders to work for you. It is a nice effort & will be a different sort of experience.

I had few other things to discuss with you. I will make it one by one sir. I will keep in touch.

 

[d_s_ramesh]

NIFTY gapped down in line with global indices, but stayed put without breaching 5350 support. Our market being the strongest in the global pack, we are likely to sustain.

But, the system says to exit long below the days low at 5369 while the NIFTY is nuetral fo now.

 

[d_s_ramesh]

NIFTY turns up with a vengence, low was not breached. Long trade holds good, 1st add on gets filled. Stop moves to 5369.