BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
While both ICICIBANK and TATASTEEL, inching up they are adding more strength to the running long trades. TATASTEEL reaches 160 points gain again and the chart looks strong at the moment.
ICICIBANK is holding with the second fill as we had bigger risk in this trade, but still trying to move up. This is a weekly position and it so takes more time and effort to register good gains.
NIFTY goes into 3rd fill, stop moves to 5399.50. Market though has closed on the highs with a strong indication that the trend will continue. The chart patterns are just coming to cross over. It needs much stronger push to go into a trend. As things are at the close we expect NIFTY to reach previous high's and even have fair chances to record a New High, before any weakness sets in.
As we manoeuvre new heights, daily charts are gaining more bearish on their indicators. We need to use caution on the long trades on all our positions.
ICICIBANK is holding with the second fill as we had bigger risk in this trade, but still trying to move up. This is a weekly position and it so takes more time and effort to register good gains.
NIFTY goes into 3rd fill, stop moves to 5399.50. Market though has closed on the highs with a strong indication that the trend will continue. The chart patterns are just coming to cross over. It needs much stronger push to go into a trend. As things are at the close we expect NIFTY to reach previous high's and even have fair chances to record a New High, before any weakness sets in.
As we manoeuvre new heights, daily charts are gaining more bearish on their indicators. We need to use caution on the long trades on all our positions.
US markets have given a thumbs up with close to 2% gains on their Indices. We are likely to witness new highs on our Indices too. As this would happen as a straight ride up ward, the move will give more strength to the indicators on the hourly charts.
While on the Daily we have strong weakness and gaining its strength on every move up, it increases caution. There can be a correction to the value zone after a new high is reached. When this is an optimistic view, there are all possibilities that we may go flat or even a small dip to find some support before moving higher.
As all our trade calls have been doing good, TATASTEEL, daily and hourly. ICICIBANK, hourly and weekly on th 2nd fill. IDEA, BHARTI on weekly holding in the 2nd fill. UNITECH & DLF in the first fill. We get one more stock on the daily long trade today.
HINDPETRO, go long above 438.50 with a stop of 425 and a target of 500. This trade has a good risk reward. As most of the refineries stocks on the index like BPCL and ONGC are resting at value zone for a takeoff, we find HINDPETRO to have a good risk reward ratio.
Trade small, keep risks at minimum possible levels, you can always find a good trade, but you need to be there in the market to trade them with sufficient capital. So, Trade safe.
While on the Daily we have strong weakness and gaining its strength on every move up, it increases caution. There can be a correction to the value zone after a new high is reached. When this is an optimistic view, there are all possibilities that we may go flat or even a small dip to find some support before moving higher.
As all our trade calls have been doing good, TATASTEEL, daily and hourly. ICICIBANK, hourly and weekly on th 2nd fill. IDEA, BHARTI on weekly holding in the 2nd fill. UNITECH & DLF in the first fill. We get one more stock on the daily long trade today.
HINDPETRO, go long above 438.50 with a stop of 425 and a target of 500. This trade has a good risk reward. As most of the refineries stocks on the index like BPCL and ONGC are resting at value zone for a takeoff, we find HINDPETRO to have a good risk reward ratio.
Trade small, keep risks at minimum possible levels, you can always find a good trade, but you need to be there in the market to trade them with sufficient capital. So, Trade safe.
Last edited:
After holding up the whole session without any significant moves NIFTY managed to close up opening into a bullish trend. Now the chances of trend continuation increases fairly.
As we wrote in the premarket post the pessimistic view struck good for our markets. At times it goes the other way, the US markets take clue from us. Support moves up to 5411, indicators show a re-test of high or beyond. But if the next move up is not powerful we will retrace bearish divergence on the hourly charts. That will favour reversal, but will it develop into a bearish move or hold on to the daily supports is to be watched.
ICICIBANK did well today along with BHARTIARTL, which is close to its 3rd fill on the weekly trade.
Even IDEA follows BHARTIARTL, while RCOM went against, yet holding to its weekly stop. TATASTEEL on the daily took to some resistance and has also developed a bearish divergence on the histogram. It would be wise to exit the long position below 543, as the weekly chart is not yet bullish.
On our intra day calls, ICICIBANK is strong , while TATASTEEL will need a look for exit on breach of current highs. We shall review the situation as the market pans out in the next session.
Our New daily call HINDPETRO got filled in and is trading positive.
As we wrote in the premarket post the pessimistic view struck good for our markets. At times it goes the other way, the US markets take clue from us. Support moves up to 5411, indicators show a re-test of high or beyond. But if the next move up is not powerful we will retrace bearish divergence on the hourly charts. That will favour reversal, but will it develop into a bearish move or hold on to the daily supports is to be watched.
ICICIBANK did well today along with BHARTIARTL, which is close to its 3rd fill on the weekly trade.
Even IDEA follows BHARTIARTL, while RCOM went against, yet holding to its weekly stop. TATASTEEL on the daily took to some resistance and has also developed a bearish divergence on the histogram. It would be wise to exit the long position below 543, as the weekly chart is not yet bullish.
On our intra day calls, ICICIBANK is strong , while TATASTEEL will need a look for exit on breach of current highs. We shall review the situation as the market pans out in the next session.
Our New daily call HINDPETRO got filled in and is trading positive.
Last edited:
TATASTEEL daily position gets exited with a gain of 134.80 points including commissions on full holding per share.
ICICIBANK and BHARTI doing tremendously good, awaiting 3rd fill on the weekly calls.
Hourly position of TATASEEL is weak, while ICICBANK has already registered 50+ points gain per share.
NIFTY is managing to stay afloat, if the strength continues, there are all possibilities that we will be witness for a new high.
Happy trading.
ICICIBANK and BHARTI doing tremendously good, awaiting 3rd fill on the weekly calls.
Hourly position of TATASEEL is weak, while ICICBANK has already registered 50+ points gain per share.
NIFTY is managing to stay afloat, if the strength continues, there are all possibilities that we will be witness for a new high.
Happy trading.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | BraViSa Commodity Calls | Commodities | 81 |