BraViSa TempleTree-India Market Calls

[d_s_ramesh]

'IDEA' is on its final leg of bullish move on the daily chart. Hourly is getting ready for the the final move up wards. While the Weekly chart is gaining strength on the bullish side.

If your exposure is more than permissible limits to your account size. You can use the next up move to scale down Mr. Rajputz sir.

Sorry for the confusion.

 

[rkkarnani]

Please, please request do not use suffix like "sir" and "ji" with my name...

 

[rajputz]

Please, please request do not use suffix like "sir" and "ji" with my name...

same here....

 

[rajputz]

The message i wanted to convey was that i took a weak sell signal over Idea. And i am myself in indecision over the trade. Overconfidence at that particular moment of trade you can say. I saw what i wanted to see. When i checked later, it was very weak sell signal (sell signal though), so was little confused and seeked some opinion over it...I too feel the same thing...if in two or more days it doesnt fall then i will consider upmove to continue...Thanks for your inputs Ramesh and Rkkarnani...

 

[d_s_ramesh]

NIFTY takes a break and closes down with strength on the hourly. Though the current moved seemed to be a powerful fall, daily chart does not mirror the strength quite equally.

Though a pull back on a straight reversal is ruled out at the movement, there can be sideways moves. Both Hourly and daily are trending, but in the opposite direction. Either one should gain gain strength to muster control and at present it is the bear side for today.

Our short position on NIFTY has gained 35 points on close, value zone moves to 5445-5438. Hold on to short position until there is a reversal.

Stock calls:
ABAN: Short below 855.50 with a stop of 914.50 target 661.00
Idea: Long above 72.10 stop 70, Target 75.
KOTAK: Long Above 816, stop 799 and target 860.
TATASTEEL: Short below 518.665 stop 560 and target 475.
WELCORP: Short below 245.40 stop 257.70 and target 226.

Running positions:
HDFC, doing good on the short side, moves into bear trend.
HINDPETRO, gains strength on the bullish side.
ICICIBANK weekly call, hits resistance at 1000, consolidates.
IDEA & BHARTI Weekly longs holding at 3rd fill.

 

[rajputz]

I checked some of the stocks in morning and found these indices and stocks giving sell signal. Now i dont want any one to take them, but just sharing my view that going against could be dangerous...

dowjones sell

ftse sell

beml sell

hdfc sell

sterlite sell

tatasteel sell

On daily charts

 

[d_s_ramesh]

Metals will re-test previous lows as weekly is strong on the bearish side, but from there they will become attractive on the bullish side.

Since many of them are trend less like STER, indecisive moves can come through.

 

[d_s_ramesh]

TECHNOLOGY & FINANCIALS have long opportunities ahead. Daily Index values of respective sectors have retraced peaks.

ICICIBANK, KOTAK, HDFC BANK etc., are likely to give buy signals.

 

[d_s_ramesh]

Buy CAIRN at 341 stop 335. New high likely.

 

[d_s_ramesh]

Value zone on NIFTY moves to 5429.50, a close above will signal reversal.

HINDPETRO: Close to target.
HDFC Short: Next dip will ask for attention.
CAIRN Long: Hold With stop.
TATASTEEL Short: Hold on to stop.
WELCORP: Hold to stop.
KOTAK: Hold to stop.
IDEA Long: Move stop to 70.20 & hold.

All weekly calls ICICIBANK, BHARTI & IDEA are doing good.