BraViSa TempleTree-India Market Calls
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Indian stock markets in free float sector indices and Industry indices. 71 industry groups, 32 sub sectors and 10 master sectors along with mini portfolios to give above benchmark returns on long term investments.
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A small Initiative has been launched today, please use the profile page to access the home page of our site.
Weekly NIFTY has closed past previous indicator highs indicating continuation of the bull rally. Daily charts mirror the same with a peak on both MACD and Histogram, while hourly is retracing very high bearish divergence. There is a probability to consolidate or drop a few points before moving up. Use drops on the index to take entries in the hourly. There is another opportunity for long trades on t he daily charts too.
We need to review Bank NIFTY today as we have the financial sector outperforming other sectors and are showing very high strength. With most of the banking stocks having strong bullish charts, there is a high possibility for these stocks to go further up.
Weekly Bank Nifty has gained supremacy to its own indicator peak and is adding more every week. Daily is retracing good bearish divergence; it is showing good chances for a touchdown. Hourly charts too mirror the same pattern as it the daily, but may see a little sideways movement before a break.
Again a break down is a good opportunity to get long in this high flying instrument and cash in on the gains.
We need to review Bank NIFTY today as we have the financial sector outperforming other sectors and are showing very high strength. With most of the banking stocks having strong bullish charts, there is a high possibility for these stocks to go further up.
Weekly Bank Nifty has gained supremacy to its own indicator peak and is adding more every week. Daily is retracing good bearish divergence; it is showing good chances for a touchdown. Hourly charts too mirror the same pattern as it the daily, but may see a little sideways movement before a break.
Again a break down is a good opportunity to get long in this high flying instrument and cash in on the gains.
Thanks Priya,
It is an opportunity to learn and get more experience, every time we have a question or a request to throw our light upon. It is not a disturbance at all.
You have done a nice analysis, more than analysis it seems like, it is your intuition speaking. Though there is bullish mood prevailing in the markets, it is not highly euphoric. Monthly charts of NIFTY has a clear bearish divergence on the histogram and also the formation shows that there is going to be a range market with higher high's in a slow pace.
This gets confirmed with both Weekly and Daily charts showing some energy left in the already exhausted bull. This is the long term perspective. Among the 10 sectors that form an economy. Financials and Telecom are very strong, Industrials and Consumer Goods have started mirroring the NIFTY, Basic Materials is slowly inching up to run its last round on the bullish arena. Consumer services is having a dream run and this is an indication that the economic cycle has moved to its last phase of boom time.
All these strengths will support the market in the days to come till we reach the hill top. There is a void between 6300-5300, where no resistances are prominent. Hence maneuvering this space will be a little difficult for the Markets, but it is going to achieve the peaks and from there it will be a long rest.
It is an opportunity to learn and get more experience, every time we have a question or a request to throw our light upon. It is not a disturbance at all.
You have done a nice analysis, more than analysis it seems like, it is your intuition speaking. Though there is bullish mood prevailing in the markets, it is not highly euphoric. Monthly charts of NIFTY has a clear bearish divergence on the histogram and also the formation shows that there is going to be a range market with higher high's in a slow pace.
This gets confirmed with both Weekly and Daily charts showing some energy left in the already exhausted bull. This is the long term perspective. Among the 10 sectors that form an economy. Financials and Telecom are very strong, Industrials and Consumer Goods have started mirroring the NIFTY, Basic Materials is slowly inching up to run its last round on the bullish arena. Consumer services is having a dream run and this is an indication that the economic cycle has moved to its last phase of boom time.
All these strengths will support the market in the days to come till we reach the hill top. There is a void between 6300-5300, where no resistances are prominent. Hence maneuvering this space will be a little difficult for the Markets, but it is going to achieve the peaks and from there it will be a long rest.
Hi ramesh HEARTLY CONGRATULATIONS to u for ur site venture. Tradition subjects are given in unique way, as per my view.please provide learning topics (basic &advance) for trading in different mkts. Market vocub.-viz., Stoploss open, interest ,MACD,histogram. That will be very useful to novice and adv.traders. I hope u will consider me.
Thank you, Hemanth.
In the beginning my concentration was fully in providing industry and sector indices which had a lot of coding works. Now, that it is fully complete, I have plans to write informative topics as a learning center on the site.
Your requests have given me more good thoughts to write on. All are useful topics which will be very helpful in the learning process for the new comers. I will add them immediately.
In the beginning my concentration was fully in providing industry and sector indices which had a lot of coding works. Now, that it is fully complete, I have plans to write informative topics as a learning center on the site.
Your requests have given me more good thoughts to write on. All are useful topics which will be very helpful in the learning process for the new comers. I will add them immediately.
Banks did a wonderful round in the markets by lifting the Financial sector index by more than 4%. Public sector banks ruled the roof the the previous session on the trading floor. Daily charts of almost all the banking stocks are retracing of bearish divergence on the prominent indicators.
There is a correction likely and a base formed for the next rounds as weekly charts show high strength. Confirmed weakness on the daily can be used to find shorting opportunities in the hourly. Down ticks needed on the daily chart for confirmation of weakness.
Telecom was the only poor performer the whole markets and IDEA has a good reason to short on the hourly while there is a long exit signaled in it.
POWERGRID is a buy above 106.5 with a stop of 104.10 and a target of 109.80.
BPCL is a buy on the hourly charts for a move towards 790 levels.
RAYMOND gets a down tick falling short of a few points from its target. Exit long on it below 401.50 and look for the next big opportunity to go long after the stock consolidates.
There is a correction likely and a base formed for the next rounds as weekly charts show high strength. Confirmed weakness on the daily can be used to find shorting opportunities in the hourly. Down ticks needed on the daily chart for confirmation of weakness.
Telecom was the only poor performer the whole markets and IDEA has a good reason to short on the hourly while there is a long exit signaled in it.
POWERGRID is a buy above 106.5 with a stop of 104.10 and a target of 109.80.
BPCL is a buy on the hourly charts for a move towards 790 levels.
RAYMOND gets a down tick falling short of a few points from its target. Exit long on it below 401.50 and look for the next big opportunity to go long after the stock consolidates.
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