BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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NIFTY broke out of tight range today reaching past its previous high and giving the highest closing for the past 2 years. But with every high the bearishness gets more strength on the daily chart. While on the weekly we find the histogram surpassing previous levels.
This means something other than plain bearish signs, continuation of the market into a broad range. This is a sign that we are entering a long term sideways market.
On the hourly after holding to the tightest range for more than 5 full trading sessions, finally we had a bullish breakout. Even here we find the histogram topping out previous peaks, but MACD lines are retracing pretty strong bearish divergence. There are possibilities for continuation of the prevailing trend, but we cannot rule out a false break too. It is premature to talk of the consequences. Instead lets trade our systems and signals with discipline and leave the rest for the market to decide.
Our long position on NIFTY with has an average entry price of 5413, logged a peak gain of close to 200 points covering the multiple lots we have traded and has closed near the highs. Value zone on close is at 5408-5399, far above our running stop of 5388.75.
UNITECH and DLF on the weekly buy signal were filled on their 1st level, while TATASTEEL on the daily long signal is doing fantastic rounds in the market now.
This means something other than plain bearish signs, continuation of the market into a broad range. This is a sign that we are entering a long term sideways market.
On the hourly after holding to the tightest range for more than 5 full trading sessions, finally we had a bullish breakout. Even here we find the histogram topping out previous peaks, but MACD lines are retracing pretty strong bearish divergence. There are possibilities for continuation of the prevailing trend, but we cannot rule out a false break too. It is premature to talk of the consequences. Instead lets trade our systems and signals with discipline and leave the rest for the market to decide.
Our long position on NIFTY with has an average entry price of 5413, logged a peak gain of close to 200 points covering the multiple lots we have traded and has closed near the highs. Value zone on close is at 5408-5399, far above our running stop of 5388.75.
UNITECH and DLF on the weekly buy signal were filled on their 1st level, while TATASTEEL on the daily long signal is doing fantastic rounds in the market now.
Opened stronger, yes. We did, but we are at present not enthusiastic as our global counterparts are: When they are down, we show resilience and keep our head above, but when they join the euphoria we put our heads down. Why is it?
The economics is great, financials wonderful but the fun is some how lost.
As we reach 250 points peak returns on our long NIFTY, we are bent say that it is not much cheerful but still challenging.
Our TATASTEEL manages close to 160 points gain, this is something we need to cheer off.
Have a great day, trader folks.
The economics is great, financials wonderful but the fun is some how lost.
As we reach 250 points peak returns on our long NIFTY, we are bent say that it is not much cheerful but still challenging.
Our TATASTEEL manages close to 160 points gain, this is something we need to cheer off.
Have a great day, trader folks.
NIFTY Values zone at 5430-5415, moves above our entry price. Trade safe, but not sure, if there is going to be a gap on Monday. Markets continue with tightness.
Most of the stocks that showed strength to bring in the upswing have given back their gains. What is in store? Lets watch as the game is being played and also be ready to take cover when the need arises.
Most of the stocks that showed strength to bring in the upswing have given back their gains. What is in store? Lets watch as the game is being played and also be ready to take cover when the need arises.
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