BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Trades on Daily charts.

ACC Long above 850 stop 800.

BPCL Long above648 stop 602.

LT Short below 1818.80 stop 1896.

POWERGRID Long above 102.70 stop 100.

 

[d_s_ramesh]

TATASTEEL, short triggered on the hourly.

 

[d_s_ramesh]

TATASTEEL, Hourly short likely to fail. Reverse to long at 535 keeping a stop of 528. NIFTY has gone trending and is attracting buying power. Current month closing above 5415 will reverse the position to long.

 

[d_s_ramesh]

AS NIFTY holds on with the short position and TATASTEEL giving new low for the day. We have ICICIBANK go long on the hourly above 918.50.

As we are nearing expiry of current contracts, it seems that NIFTY will roll over to the new expiry in bearishness on the Hourly.

 

[d_s_ramesh]

TATASTEEL goes long on the hourly. ICICIBANK doing good from 918.50.

NIFTY is struck as the gap between contracts is widening at the cost of the running short position.

 

[d_s_ramesh]

Hourly trades on ICICI and TATASTEEL doing good rounds on the long side. NIFTY is holding to shorts, but have lost its momentum.

A close above 5413 will be a cover-short-go-long signal. As distribution is still happening in NIFTY, there are possibilities that it may prolong reversal.

 

[d_s_ramesh]

NIFTY has its trend going on and off. Range getting tighter, but breakouts get stalled at the next resistance. It is not because bears are ruling superior, that the bull are not able to move higher.

The few bulls who are running the markets at present lack power, no motivation for them from the front runners. They fear moving higher, traders have gone used to booking small gains. It is not happy all the way to the banks every time.

If the trend followers were a happy lot in June, it is the mean reversion traders who are doing good in July. Like how the broad market is ruled in a two party system with Bulls and Bears. The same way the trader community is a rule between the trend followers and Mean reversion traders.

Each will get their fair chance to make it good at the rings, it is how prudent they are in extracting from their opportunity that makes the real difference.

 

[SwingKing]

NIFTY has its trend going on and off. Range getting tighter, but breakouts get stalled at the next resistance. It is not because bears are ruling superior, that the bull are not able to move higher.

Ds,

Well said DS.

This also happens when two different time frames begin to fight it out. Whenever any system begins to give whipsaws, it is a sign of one time frame higher traders positioning themselves to set the tone for the next move ahead. In other words, your struggle between bears and bulls can be termed as struggle towards trend dominance.

Tc

 

[d_s_ramesh]

Yes Raunakji, rightly said, struggle for dominance is what that is happening in the markets at present.

 

[d_s_ramesh]

IDEA back again at our 1st add on levels. We have two more entries to be filled in this stock. 2nd add on at 73.55 & 3rd add on at 76.50.