BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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Escorts was in weekly Bullish trend since long I presume. By the way, Ramesh, please use www.imageshack.us to upload your charts and post it here. There is no limit, but yes , u need to spend some time for it.
Weekly chart with Chandelier exit and a properietory indicator :
Daily chart :
Weekly chart with Chandelier exit and a properietory indicator :
Daily chart :
NIFTY gives a higher high but every high makes the bearish divergence more stronger. As NIFTY closes positive with an up tick, we are not allowed to short tomorrow.
Today's leading sector was Technology with a 1.94% gain on its index value followed by Basic Materials having a 1.72% gain. On the losers side it is only Telecom that has closed negative with a 0.50% loss on its index value.
Though Technology was the leader, Individual industries in the Basic Materials Sector out performed today. Fertilizer gave a 5.34% gain on its Index value followed by Aluminium gaining 3.77% and Chemicals close to 3%.
The losers on the Industry segment are Diamonds & General Finance losing 1.45% losses in each respectively. Both the prominent Industries in the Telecom Sector lost above 0.50% each to bring the Sector into the only negative list today.
Most of the front line stocks have lost their shine, while it is outside the index stocks that are showing good performance.
Today's leading sector was Technology with a 1.94% gain on its index value followed by Basic Materials having a 1.72% gain. On the losers side it is only Telecom that has closed negative with a 0.50% loss on its index value.
Though Technology was the leader, Individual industries in the Basic Materials Sector out performed today. Fertilizer gave a 5.34% gain on its Index value followed by Aluminium gaining 3.77% and Chemicals close to 3%.
The losers on the Industry segment are Diamonds & General Finance losing 1.45% losses in each respectively. Both the prominent Industries in the Telecom Sector lost above 0.50% each to bring the Sector into the only negative list today.
Most of the front line stocks have lost their shine, while it is outside the index stocks that are showing good performance.
NIFTY takes to new high again, daily chart manages with the Histogram showing its head above water. While Hourly shows good bullish strength. At present US market has tanked close to 2%, we might open gap down if US closes weak.
Sectors today:
FINANCIALS took lead with a 2.01% gain on its index followed by Industrials with a 1.22% gain. Again Telecom was the only sector to close negative. Healthcare though managed to close at 0.88% gains, showed large strength with 85% of the companies listed in index closing positive. Energy followed a close second with 77% of the stocks listed in it closing positive.
Industries Today:
Cement Industry made a very strong with a 5.41% gain on its index followed by Edible Oils with a 4.23% gain. Losing Industries managed with a smaller weakness staying below a percent except for Plastics which lost 1.62%.
IN the front runners, ICICIBANK showed robust gains with a 4.66% gain breaching 1000 resistance decisively. Our long position has gained further with a 124 points gain.
Sectors today:
FINANCIALS took lead with a 2.01% gain on its index followed by Industrials with a 1.22% gain. Again Telecom was the only sector to close negative. Healthcare though managed to close at 0.88% gains, showed large strength with 85% of the companies listed in index closing positive. Energy followed a close second with 77% of the stocks listed in it closing positive.
Industries Today:
Cement Industry made a very strong with a 5.41% gain on its index followed by Edible Oils with a 4.23% gain. Losing Industries managed with a smaller weakness staying below a percent except for Plastics which lost 1.62%.
IN the front runners, ICICIBANK showed robust gains with a 4.66% gain breaching 1000 resistance decisively. Our long position has gained further with a 124 points gain.
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