BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Resistance again at 5460 levels. Market likely to face some more distribution, add more strength to the support and then go its bullish way.

 

[PuneetAro]

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

Hi D S Ramesh,

Can you please comment on Glenmark? Today it touched 294 and it closed at 285. Can it reach 325 in 2 months? Please advise.

 

[d_s_ramesh]

GLENMARK is flat on weekly, non-trending. While on daily it is again flat with a bullish bias. It may take time to reach high's, overhead resistance at 310 is strong. There can be a weakness from 310 levels. Stocks with flat macd will keep continuing in the prevailing direction. In that way Glenmark should continue higher.

Value zone is at 280-277, once look to buy at the value zone and exit 295-296 levels. Stop loss of 275 is good for this stock.

 

[braga]

hello sir
i am holding apollo hospitals 54scripts @772 .can u tell me future of the stock.should i hold it or sell and also suggest me a mid cap stock for short term gain .

 

[d_s_ramesh]

Thank you, Braga.

APOLLO HOSP is bullish on the weekly but has a broad range of 800-730. It has to break 800 for any upside moves. While on the Daily charts it is into non-trend, it will keep snapping back to its value zone until it is able to hold on to a decisive trend. 795 is a pretty strong resistance zone for this stock ans it has made an attempt there in the previous session.

As the broad market at present is in a tight range, it is advisable to exit positions at resistance areas to book minimal gains in all our holdings. The same scenario holds good for this stock too. The stop for today is at 750, any close below will make it test 730. You can exit at a favourable levels when the stock moves up and look to enter again at the lows.

Most of the buys in the front line stocks are already through, we need to wait for next opportunities.

 

[braga]

Sir,
Sorry to disturb you once again.I want to invest around 20000 for about a week can u tell me any script which will provide good short term gain.

 

[d_s_ramesh]

Thanks, Braga,
My approach to the markets is purely trend following. The present market does not show any signs of trendiness.

Some suggestions for long trades would be on ILFSTRANS, DLF, ABIRLANUVO. Please check on them before you commit capital.

 

[d_s_ramesh]

NIFTY goes tight further, distribution going on and is holding to 5460-5410 range. Being in between, waiting for next clues. Can go long near support for a target of 5450, only if NIFTY retraces to support zone.

 

[d_s_ramesh]

NIFTY breaks down support, market turns bearish on the hourly time frame.

 

[d_s_ramesh]

NIFTY turns bearish on the hourly, on daily 5350 is likely to hold. All our stock but calls holding on to stops, not much to gain and write about.

Metals are showing weakness on the hourly. HINDALCO below 157, TATASTEEL below 529 and STER below 174.50 are shorts. This may or may not trigger.

US market at present is skewed, it is far too early to comment on its close.