BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
- Start date
NIFTY goes trending again on the daily. While hourly has very high strength, one can re-visit longs on a pull back. On the Daily, while it is a highest high on price there is not much to rejoice. Indicators have given the lowest high for the past 3 months. This clearly shows that the bulls of really tired, but bears are not yet equipped for a big run. A down tick on the daily and a weekly permission will give a beautiful short trade.
For now though daily is not very interesting, hourly provides amazing opportunities. So wait for a pull back to value to go long.
Sectors today.
Basic Materials was the star of the day with a gain of 2.73% on its index. With Steel and Aluminum doing extraordinary runs with a gain of more than 4.75% on their indices. Almost all the stocks listed on the metal segment have closed positive today. Among others Tata Steel has made 6.42% gains while Hindalco made a 4.99% gain to its previous closing. Chemplast Sanmar was the topper with a 12.43% gain in its value.
Following second was the Energy sector with a gain of 1.95% on its index value. Refineries made a comeback with vengeance gaining 2.33%, Gujarat Gas took leadership with a gain of 9.48% and closely followed by Reliance with a gain of 2.91% which went a long way in getting the NIFTY to great heights. Prominent among refineries BPCL and HINDPETRO were subdued.
While all the sectors of our economy closed with gains of above 1%, the sector that gained the lowest was Health care with a 1.05% gain to its index value. Though there were big gainers here like Ajantha Pharma, Sterling Bio, Dr. Reddys etc., there was not much strength shown while many prominent names closed weak.
We closed out NIFTY hourly long on target very well early into todays move. Though we made small gains, the discipline of following our plan gives more confidence. There is another long trade to look for on a pull back. Our Long cal RAYMOND got locked in first circuit gaining 10% from previous close and is close to its target.
For now though daily is not very interesting, hourly provides amazing opportunities. So wait for a pull back to value to go long.
Sectors today.
Basic Materials was the star of the day with a gain of 2.73% on its index. With Steel and Aluminum doing extraordinary runs with a gain of more than 4.75% on their indices. Almost all the stocks listed on the metal segment have closed positive today. Among others Tata Steel has made 6.42% gains while Hindalco made a 4.99% gain to its previous closing. Chemplast Sanmar was the topper with a 12.43% gain in its value.
Following second was the Energy sector with a gain of 1.95% on its index value. Refineries made a comeback with vengeance gaining 2.33%, Gujarat Gas took leadership with a gain of 9.48% and closely followed by Reliance with a gain of 2.91% which went a long way in getting the NIFTY to great heights. Prominent among refineries BPCL and HINDPETRO were subdued.
While all the sectors of our economy closed with gains of above 1%, the sector that gained the lowest was Health care with a 1.05% gain to its index value. Though there were big gainers here like Ajantha Pharma, Sterling Bio, Dr. Reddys etc., there was not much strength shown while many prominent names closed weak.
We closed out NIFTY hourly long on target very well early into todays move. Though we made small gains, the discipline of following our plan gives more confidence. There is another long trade to look for on a pull back. Our Long cal RAYMOND got locked in first circuit gaining 10% from previous close and is close to its target.
NIFTY continues with its 52 week highs while both daily and weekly starts gaining strength. MACD on weekly surpasses previous highs while daily has its histogram conquering previous peak. Hourly has hit a greater peak on MACD. All these giving indications that there is another Long trade on the hourly before any weakness could set in.
It was the day of Cements industry today at the markets. Cement Industry group gained 7.92% on its index value with almost all the stocks listed in it giving good gains topped by Prism Cements with a 15.80% gain to its stock price.
Runner up industry was Plantations with a gain of 3.91% topped by Tata Coffee with a 13.80% gain in its stock price.
The top sector today was Industrials which gained 1.34% on its index value followed by Technology with a gain of 1.05%. The largest loser was Financials with a loss of 0.24% on its index value. Public sector banks took the toll downward. Syndicate bank, Allahabad bank, IDBI bank, all closing lower in value. Weekly chart of ALBK is very strong, look for buys here.
New stock calls for today exists with JPASSOCIAT, SUZLON & POWER GRID.
It was the day of Cements industry today at the markets. Cement Industry group gained 7.92% on its index value with almost all the stocks listed in it giving good gains topped by Prism Cements with a 15.80% gain to its stock price.
Runner up industry was Plantations with a gain of 3.91% topped by Tata Coffee with a 13.80% gain in its stock price.
The top sector today was Industrials which gained 1.34% on its index value followed by Technology with a gain of 1.05%. The largest loser was Financials with a loss of 0.24% on its index value. Public sector banks took the toll downward. Syndicate bank, Allahabad bank, IDBI bank, all closing lower in value. Weekly chart of ALBK is very strong, look for buys here.
New stock calls for today exists with JPASSOCIAT, SUZLON & POWER GRID.
Thanks jagan,
Stock beta and volatility are different. you can find from the NSE site where monthly beta is given along with volatility. A stock having high volatility does not have a similarly high beta. High beta stocks like UNITECH, DLF and JP which have beta above 2 indicates that they will move twice the index levels. If the index is bullish and the you have a high beta stock which is bullish too, then you will have double gains from that stock compared to the index moves.
High beta stocks can be used for speculation while low beta stocks can be used for investments. As I have posted earlier, I began working with beta as a research and would like to get inputs from traders who use it. We can then find the best method to use it.
Relative strength is a different concept. Using relative strength you can get the stocks that are out performing the index. So a stronger stock than the index has more chance to be in the direction of the trend.
Stock beta and volatility are different. you can find from the NSE site where monthly beta is given along with volatility. A stock having high volatility does not have a similarly high beta. High beta stocks like UNITECH, DLF and JP which have beta above 2 indicates that they will move twice the index levels. If the index is bullish and the you have a high beta stock which is bullish too, then you will have double gains from that stock compared to the index moves.
High beta stocks can be used for speculation while low beta stocks can be used for investments. As I have posted earlier, I began working with beta as a research and would like to get inputs from traders who use it. We can then find the best method to use it.
Relative strength is a different concept. Using relative strength you can get the stocks that are out performing the index. So a stronger stock than the index has more chance to be in the direction of the trend.
| Thread starter | Similar threads | Forum | Replies | Date |
|---|---|---|---|---|
| D | BraViSa Commodity Calls | Commodities | 81 |