BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Weekly chart of TATACHEM is very strong and gaining strength every day. We are having a target of 440 and it seems it will surpass initial targets.

Bajaj Hind was a trending call and we have a target of above 200, This stock has bottomed out forming a new support at 98 on the monthly charts. There are good bullish signs visible, it should take off previous highs. But sugar industry in India is highly politicized. There can be interventions, while as of now the Sugar cycle is looking up along with Cements.

Sugar is the top performing industry today in the Consumer Goods Sector with a 2.92% gain on its index. BAJAJHIND is a front runner in the Sugar pack, hence we can see some good moves here.

 

[d_s_ramesh]

Bearish divergence on the Histogram comes in both NIFTY and Bank NIFTY. Long trades are possible after a reverse divergence on the hourly; this may even give an add-on long opportunity in the daily.

Keep a watch on banking stocks; most of the front line stocks have started coming down towards value zone, there is an opportunity for long trades in the daily charts.

There are some interesting patterns today on the Sector summary. Telecom has given a positive close while 84% of its index constituents have closed negative. Life Telecom shows better performance than the Whole Telecom sector. This indicates that the frontline is strong here.

While on the Financial Sector, there is a flat close on the financial index with 65% of its components closing positive, but Life Finance has closed negative, this indicates that the frontline is weak, and to strengthen that we have many prominent banks turning down to value zone.

Hence, using the main Sector Index and the Life Index values and patterns we can have advance information as to the strengths and weaknesses of a particular segment in the market.

Await long call on SUZLON in the hourly.

 

[d_s_ramesh]

Hourly long trades likely in these symbols:
HINDUNILVR
MARUTI
ISPAT
RELIANCE
SUZLON.

Please check your charts and do the judgment before putting your capital at risk. Small risks and good targets likely.

 

[piyalopez]

hi, please let us know the nifty levels to go long

 

[d_s_ramesh]

NIFTY seems to be coiling in the bullish range. Hourly charts have gone non-trending. Though there was a strong move today, it was event driven. It has to touch value zone and on reaching there it is likely to get bullish strength.

We need to wait for some time before NIFTY comes into the buy orbit.

 

[d_s_ramesh]

Financial sector gains 1.10 % while Energy sector losses 1.17%. Market looks more confused with most of the indices having differences. Though Financials managed to close stronger, 58% of its components have closed negative. Life finance a smaller index of the top 10 financial stocks have closed the strongest with a gain of 1.54% on its index value. Housing finance industry made a remarkable gain today with a 3.23% gain on its index. HDFC was a very strong performer here. Housing finance industry has been the industry leader today.

On the energy sector it was refineries bearing the brunt with a 1.58% loss in its index value having all the constituents closing weak while CHENNAI PETRO being exceptional. CHENNAI PETRO is a long candidate on the weekly charts based on monthly strength. Look for CENNAIPETRO call in the calls section this weekend. IOC being the big loser on the Refineries Industry, it has a strong weekly; there is a possibility of a long trade here.

Though the Healthcare index closed flat, it is the strongest from its component performance. 53% of its stocks closed positive and to add more strength 14% of them have close with an above 2% gains. Koutans hit lower circuit for the second day and is the biggest loser today, after a downgrading of its rating. ORCHIDCHEM is the strongest today with a 12.43% gain in it price.

 

[d_s_ramesh]

RAYMOND, RALLIS and IGL on a long trade possibility.
BHATATFORGE on positional call on futures.
ABIRLANUVO, COLPAL, RANBAXY and TITAN and swing long trades in futures.

 

[d_s_ramesh]

Stocks to look out for Trend trades.
BEL
INFOTECHENT
SESAGOA

Stocks for Positional trades
INOXLEISUR
KARURVYSYA

Positional Futures
HEROHONDA
TATACHEM

Please convince yourself about the patterns, risk and money management rules on these stocks and only then place your buy orders. Whatever may be the strength of the stock or its charts, follow discipline in money management.

Trading is a probability theory at work, even a good pattern can fail. This will drill a big hole into the trading account if not adhered to properly. Risk/Rewards of above 3 is a well justified trade, which will ensure the account to be in profits even after a good streak of losing trades.

Trade safe, enjoy the ride, give an applause to yourself when you make a good trade.

 

[d_s_ramesh]

While weekly chart of NIFTY goes strong with both of its main indicators gaining strength, the daily chart is retracing very strong bearish divergence on the histogram as its MACD has gone bullish again. Hourly chart is again with strong bullishness reaching to value zone for the next long trade. Hourly chart is close to its value zone which is at 6163-6121 on close today.

Many frontline banking stocks are showing weakness on the daily charts. There is a likelihood of the financial taking a breather in the coming sessions. Exits have been signaled in HDFC BANK, ICICIBANK and SBIN. As their weekly charts show strength, there are possibilities for another long trade.

 

[d_s_ramesh]

Daily NIFTY has a down tick with its strong MACD. Histogram has a good bearish divergence. Hourly chart is showing good strength and has reached value zone. This gives us an opportunity for a small but a high probability trade. This trade is on the knifes edge, a gap up opening will negate its beauty. So, trade only at the right trigger levels above 6194.

Bank Nifty gets a pretty strong bearish divergence on both of its indices along with a down tick; we need to exit our longs here. If the trigger is not filled, there are possibilities for a continuation of the present bullish trend. Hourly chart will provide a nice short trade opportunity, but needs to be closely watched.

Apart from the above, HINDUNILVR is a swing buy with a nice risk reward ratio.