BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
Markets gain strength on the bullish by breaching previous tops on histogram. Up tick continues on the daily. Hourly chart though retraced good bearish divergence but was unable to turn weak. It is yet another highest high closing in 2 years for NIFTY. Shallow moves to continue.
Sectors today:
CONSUMER SERVICES ruled the roof today with a 2.50% gain on its index value. Diamond industry index was the highest gainer today with a 5.11% gain. GITANJALI topped the industry performance with a 6.11% gains on its stock price.All the stocks in this list have closed positive. Media followed second in the CS gaining industry groups. Jagran, IBN18 INOX showed good strength.
TELECOM followed second in the Sector leads today with a 1.29% gain on its index. Telecom Services performed strong today with 1.68% gains, TTML gained 3.12% and BHARTI followed it by a 2.27% gains. Tele-Cables did poor today with an above 2% loss, which pulled the sector today.
None of the Sector closed weak while the sector that recorded the lowest gains toady was consumer goods sector with a almost flat close. Tobacco Industry was the weakest and its front runner ITC has given back 1.97% on its value today.
Electronic and white goods along with Cycles and Tyres were the biggest gainers among consumer goods.
Our long call Glaxo was not filled today, the signal changes direction, but will be a strong stock on the long side, which is under close watch.
Sectors today:
CONSUMER SERVICES ruled the roof today with a 2.50% gain on its index value. Diamond industry index was the highest gainer today with a 5.11% gain. GITANJALI topped the industry performance with a 6.11% gains on its stock price.All the stocks in this list have closed positive. Media followed second in the CS gaining industry groups. Jagran, IBN18 INOX showed good strength.
TELECOM followed second in the Sector leads today with a 1.29% gain on its index. Telecom Services performed strong today with 1.68% gains, TTML gained 3.12% and BHARTI followed it by a 2.27% gains. Tele-Cables did poor today with an above 2% loss, which pulled the sector today.
None of the Sector closed weak while the sector that recorded the lowest gains toady was consumer goods sector with a almost flat close. Tobacco Industry was the weakest and its front runner ITC has given back 1.97% on its value today.
Electronic and white goods along with Cycles and Tyres were the biggest gainers among consumer goods.
Our long call Glaxo was not filled today, the signal changes direction, but will be a strong stock on the long side, which is under close watch.
NIFTY hits value zone a little shy of 5450 support. With markets going tighter and tighter every incoming day and with both Weekly and Daily showing strength on the bullish side, we refrained from shorting. Waiting for a resistance break to trade long.
Every sector closed weak today. Consumer services lead the fall with a fall of 1.90% on its index value. Hotels industry lost 2.63% and Media Industry lost 1.99%. Top losing stocks were EIH Hotels losing 6.37% and IBN 18 losing close to 5% respectively.
The sector that followed second on the losing streak was Healthcare with a 1.39% loss. Pharma Industry was the biggest loser on the Industry side on this sector with a 1.46% loss, Ajantha, Piramal and Biocon took a major hit. In the falling market there were still some bright stars and we could find one here. FDC Gained 7.30%.
The lowest losing sector today was Technology with a loss of 0.22% in its index value. Though Hardware Industry lost 2.14% with all its constituents closing negative. Computer software industry managed with a loss of just 0.14% on its index with Patni Computers and Mphasis rocking against the flow of the whole market.
But we shall go with the flow of the higher time frame in our trades, hence we wait for longs on the NIFTY
Every sector closed weak today. Consumer services lead the fall with a fall of 1.90% on its index value. Hotels industry lost 2.63% and Media Industry lost 1.99%. Top losing stocks were EIH Hotels losing 6.37% and IBN 18 losing close to 5% respectively.
The sector that followed second on the losing streak was Healthcare with a 1.39% loss. Pharma Industry was the biggest loser on the Industry side on this sector with a 1.46% loss, Ajantha, Piramal and Biocon took a major hit. In the falling market there were still some bright stars and we could find one here. FDC Gained 7.30%.
The lowest losing sector today was Technology with a loss of 0.22% in its index value. Though Hardware Industry lost 2.14% with all its constituents closing negative. Computer software industry managed with a loss of just 0.14% on its index with Patni Computers and Mphasis rocking against the flow of the whole market.
But we shall go with the flow of the higher time frame in our trades, hence we wait for longs on the NIFTY
Though the above mentioned is true most of the times. It is only dangerous when trend starts to change. And when it does, trend always changes from smaller time frame and then gradually moves to higher time frame. This is when a trader can potentially loose most of his gains made during the trend period. Change is inevitable but trader needs to manage risk.
Tc
Tc
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