BraViSa TempleTree-India Market Calls
- Thread starter d_s_ramesh
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NIFTY gives yet another new high on close. Indicators gain huge strength, long trade possibilities available on all time frames. Momentum is likely to continue after a pull back. Bank NIFTY mirrors benchmark.
Sector specific summary.
Telecom sector had a good run on the market along with Technology sector. Both have gained above a percent on their index values. Frontline stocks in these sectors are showing high strength and the uptrend Is likely to continue. Telecom Services with Industry leader BHARTI gaining 2.18%, IDEA and RCOM retreat. Computer software industry the only gaining Industry group on the Technology sector was lead by WIPRO followed by TCS and INFOSYS. Long trade options available on all the frontline stocks on pull back.
Basic Materials was the weakest in the sector listing giving back 0.57% of its index value. Fertilizer and Aluminum Industry groups give back more than 2% of their index values. Losers were lead by COROMANDEL and TATA SPONGE with a near 5% loss in their values.
The top performing Industries today were Diamond Jewellery and leather Products, both exceeding 3% gains on their index values. TITAN leads with a 4.16% gain in values followed by BATA with a 3.33% gains.
New calls for the next session on the hourly are Short JINDAL STEL and long POWER GRID. Long Call in BPCL hourly long doing good, indicator strengths indicate further gains.
Sector specific summary.
Telecom sector had a good run on the market along with Technology sector. Both have gained above a percent on their index values. Frontline stocks in these sectors are showing high strength and the uptrend Is likely to continue. Telecom Services with Industry leader BHARTI gaining 2.18%, IDEA and RCOM retreat. Computer software industry the only gaining Industry group on the Technology sector was lead by WIPRO followed by TCS and INFOSYS. Long trade options available on all the frontline stocks on pull back.
Basic Materials was the weakest in the sector listing giving back 0.57% of its index value. Fertilizer and Aluminum Industry groups give back more than 2% of their index values. Losers were lead by COROMANDEL and TATA SPONGE with a near 5% loss in their values.
The top performing Industries today were Diamond Jewellery and leather Products, both exceeding 3% gains on their index values. TITAN leads with a 4.16% gain in values followed by BATA with a 3.33% gains.
New calls for the next session on the hourly are Short JINDAL STEL and long POWER GRID. Long Call in BPCL hourly long doing good, indicator strengths indicate further gains.
NIFTY gives yet another new high in its untiring bullish run. There is a lot more to come and it seems a new all time high is a possibility in the near future. With bullishness gaining strong momentum, reversals will also see good runs. This would mean party time for traders in the markets now.
Technology sector gave robust moves today with a gain of 2.34% on its index value. Though frontline stocks lead the rally it was OFSS, PATNI and FINATECH which were big gainers here. Pull back trades in INFOSYS and TCS likely on the bullish side. Add them to your watch list.
Energy sector comes to limelight after lagging for several weeks. It has recorded 1.76% gains on its index value. Refineries industry outperformed the Oil drilling industry, while both closed positive. GAIL, RELIANCE and OIL have recorded big gains. Reliance gains strength on its indicators, bullishness to continue.
Industrial and consumer services Sectors closed in the red today. While the overall performance is poor here, leaders are showing more weakness. Though are not prominent sectors to lead an index weakness still would have some impact on the down side. Auto LCVs and HCV industry along with Hotels showed much weakness. Tata Motors gets more weakness on daily but not a short yet. Look for long trades after consolidation.
SBI shows more weakness on the daily charts among the flying banks, caution advised on long trades while adding to the short watch list.
Technology sector gave robust moves today with a gain of 2.34% on its index value. Though frontline stocks lead the rally it was OFSS, PATNI and FINATECH which were big gainers here. Pull back trades in INFOSYS and TCS likely on the bullish side. Add them to your watch list.
Energy sector comes to limelight after lagging for several weeks. It has recorded 1.76% gains on its index value. Refineries industry outperformed the Oil drilling industry, while both closed positive. GAIL, RELIANCE and OIL have recorded big gains. Reliance gains strength on its indicators, bullishness to continue.
Industrial and consumer services Sectors closed in the red today. While the overall performance is poor here, leaders are showing more weakness. Though are not prominent sectors to lead an index weakness still would have some impact on the down side. Auto LCVs and HCV industry along with Hotels showed much weakness. Tata Motors gets more weakness on daily but not a short yet. Look for long trades after consolidation.
SBI shows more weakness on the daily charts among the flying banks, caution advised on long trades while adding to the short watch list.
This weeks beta file.
Telecom and Healthcare sectors played strong on friday towards weekend. Financial sector shows weakness on its main Index as well as the top line. In case of a correction it will be the Industrial, Consumer Goods and Financial Sectors that will lead as all the front runners on these sectors show weakness.
JPASSOCIAT
HDFC
TV18 looks attractive on the hourly charts. Can be traded long at appropriate levels.
Telecom and Healthcare sectors played strong on friday towards weekend. Financial sector shows weakness on its main Index as well as the top line. In case of a correction it will be the Industrial, Consumer Goods and Financial Sectors that will lead as all the front runners on these sectors show weakness.
JPASSOCIAT
HDFC
TV18 looks attractive on the hourly charts. Can be traded long at appropriate levels.
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Mixed response today at the markets while NIFTY struggles to hold on above 6000. It was fifty fifty on the sectors today. 5 sectors closing negative and the other 5 closing positive. Technology was the robust among them WIPRO and TCS recorded good gains while AFTEK leads with a 15% increase in its value.
While the stocks in each sector as a whole did not perform well there are some sectors which have their leaders doing great, this indicates that in case of strength in the coming session it would be these stocks that would lead the run ahead.
INDUSTRIAL, HEALTHCARE & TECHNOLOGY along with FINANCIALS have the leaders doing better than the whole group. INDUSTRIAL is the super strong among this list.
Telephone Cables and Computer Software Industry groups were the top runners today. Look for long opportunities in BATA INDIA & Sterlite Tech.
While the stocks in each sector as a whole did not perform well there are some sectors which have their leaders doing great, this indicates that in case of strength in the coming session it would be these stocks that would lead the run ahead.
INDUSTRIAL, HEALTHCARE & TECHNOLOGY along with FINANCIALS have the leaders doing better than the whole group. INDUSTRIAL is the super strong among this list.
Telephone Cables and Computer Software Industry groups were the top runners today. Look for long opportunities in BATA INDIA & Sterlite Tech.
Thanks Puneet,
You would need data feed or a source where you get intra day charts? What is the time frame you are looking at? Some people use only hourly charts, while many use 5 minutes too. If you are using Metastock, you can use viratech data feed, which is good. Free source: you can use google or yahoo charts, but have to be used to the few indicators available there.
Shortly we will be providing hourly charts for futures stocks on our site. It will have more than 50 indicators and should be of great use to many aspiring traders.
You would need data feed or a source where you get intra day charts? What is the time frame you are looking at? Some people use only hourly charts, while many use 5 minutes too. If you are using Metastock, you can use viratech data feed, which is good. Free source: you can use google or yahoo charts, but have to be used to the few indicators available there.
Shortly we will be providing hourly charts for futures stocks on our site. It will have more than 50 indicators and should be of great use to many aspiring traders.
While Markets are in the consolidation phase, NIFTY and BANKNIFTY have given new supports to decide on the next course. A breach of 12147 on Bank Nifty and 5930 on Nifty will turn the markets to a brief bear phase. In case of a weak move NIFTY has the possibility to reach 5800 levels while Bank Nifty has the possibility to reach 11800. A small swing signal with a high probability.
As the broad market is in a very strong bull run, we need to be pretty cautious while trading counter trend. Hence, we request those traders opting to short Nifty have a small risk exposure, while staying alert to reverse on a resistance break.
As the broad market is in a very strong bull run, we need to be pretty cautious while trading counter trend. Hence, we request those traders opting to short Nifty have a small risk exposure, while staying alert to reverse on a resistance break.
We are trading in a market where resistance levels are being breached by WRB (Wide range Bar) movements. Quite likely that markets will gap up 1-2% and will not give any chance of entering. Optimum strategy is to average your Longs as Nifty moves lower. Keep a fixed SL in mind and beyond that square off all positions. But use dips for going long.
Tc
Tc
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