BraViSa TempleTree-India Market Calls

[d_s_ramesh]

Long exit on BANKNIFTY daily call below 12636. Todays swing trade calls on futures.
HINDUNILVR & ONGC.

SESAGOA, RALLIS, INDIACEM and other long calls doing good. Banks show first signs of weakness on the daily charts. While their weekly charts are strong, there is an opportunity to trade long after a pull back.

 

[d_s_ramesh]

Positional long trade call in IBNTV18 buy above 121.55 and HINDUNILVR above 302.05. Smaller targets.

 

[d_s_ramesh]

Healthcare, Technology and Energy Sectors showed resilience to bear moves on Friday's market move. Though TECHONOLOGY and ENERGY closed positive on their Index, there was lesser strength shown by their constituents. 85% of the Energy sector stocks closed negative while 68% of Technology closed weak.

Basic materials showed the most weakness both on stock wise as well as index wise accounts. Index shed 1.30% while 82% of its stocks closed negative.

NIFTY has began to move up on the last hour with a small bullish divergence on the histogram, this would make it manoeuvre some heights before it gets any weakness. Bank Nifty has retraced good bearish divergence on the daily, but is going sideways. Weekly charts of both indices are very strong on the bullish side.

 

[columbus]

Any BONUS is given in KOUTONS?.If fell from 300+ to 131.

 

[aryan.]

Any BONUS is given in KOUTONS?.If fell from 300+ to 131.

Even I was wondering the same thing, what happened to Koutons, after the fall there was this huge volume surge.


Edit - Columbus check this out

http://www.indiainfoline.com/Market...y-admits-delay-in-interest-payment/3318197036

 

[d_s_ramesh]

Credit rating agency IRCA's downgrade caused a severe hit on the price of KOUTONS, hence the fall.
Though it has very less trading history, the Monthly chart looks to have hit a bullish divergence. An assumed value buy on the long term. But weekly charts are scary.

 

[d_s_ramesh]

NIFTY is getting range bound on the hourly. Another dip and take off will give a good resistance break long trade. There are possibilities of a consolidation too.

Both IBN18 and HINDUNILVR longs were not filled and continue to be open for long trades. Trade long above Monday's high.

Basic Materials sector was the top performer today, Chemicals and Fertilizer industry groups along with Mining minerals and steel were star performers.

The leader among Industry indices was Detergents with an above 7% gain, but this index is overweight with NIRMA and reflects its performance as a mirror.
Pretty strong gains by CMC lifted the Computer hardware index by more than 6%. CMC shows renewed volume gains. One can add this stock to watch list and look for next trades.

 

[d_s_ramesh]

Both NIFTY and BANKNIFTY at all time high. They have been conquering uncharted territories & this is not news to us anymore. India is moving steadfast manner and maintaining its supremacy among its peers in the world order.

But the cheer seems to be receding on the daily charts. While price has reached a peak, indicators have not followed through. Both NIFTY and BANKNIFTY show total absence of bullish power. Then why has the market closed with such strength. There can either be a follow through which will gain bullish strength or should see a weakness setting up.

And weakness is also good news for the traders. We get an opportunity to add on to our existing long trades when the market reaches value.

 

[d_s_ramesh]

GVKPIL long on Futures.
Central Bank, Jai Balaji and Trent long in cash calls.

 

[stud]

@D S ramesh - Whats your opinion on lupin futures for the month ?