BraViSa TempleTree-India Market Calls

[d_s_ramesh]

NIFTY daily chart reaches value zone, histogram moves below zero. Bullishness prevails but there very high inherent weakness. 50% of the Index is in trend on the daily, while it is 60% trending on the hourly.

Hourly chart finally gave in to bearishness after having several whipsaw trades. All four entries filled and the position has closed positive to our direction. The stop loss now is 5392.50. Value zone at present is at 5387-5385. A close into this zone or above will negate our short position.

Continue holding to shorts till reversal is signaled.

 

[d_s_ramesh]

PULL back again, NIFTY reached close to stop loss levels and is holding below. Continue holding with stop.

 

[d_s_ramesh]

While market hold on to tight range again, 3rd add on got fille din TATASTEEL daily call. Stop moves to 490.35 now.

 

[d_s_ramesh]

Cover short and long above 5389 stop 5350. Add on 9,50 points

 

[d_s_ramesh]

2nd add on through, stop moves to 5369.00

 

[d_s_ramesh]

TATASTEEL doing great while NIFTY is struggling. Stop now at 490.35, position is gaining. Average holding cost is at 509.35, open risk 19.00 points per share.

 

[d_s_ramesh]

Long exit, short below 5381 on futures. Stop 5428.50, add on 9.50 points below every entry.

 

[d_s_ramesh]

TATASTEEL doing good runs, nearing 100 points gain on full position. Average cost is at 509.30, our stop remains at 490.30.

 

[d_s_ramesh]

Long NIFTY above 5399 on future stop at 5360, add on at 9.25 point gains above each fill.

 

[d_s_ramesh]

Market takes direction, all four lots filled in. Avg cost now at 5413, stop moves to 5388.75.