BraViSa TempleTree-India Market Calls

d_s_ramesh

Well-Known Member
Thanks Shirurkar,

Market took a strong run Pre-Diwali. With a marginal weakness seen on the closing in the Muhurat trading, the stage is all set for a correction now. Daily shows more weakness compared to the hourly, while weekly supports daily.

Wait for the correction to get long on NIFTY. Most of the stocks are languishing at entry levels on the new long signals generated this week. Top stocks in each sector are showing tiredness. There is likely to be many losing trades on the individual stocks side. But the next dip will give us a real great opportunity to get long again.
 

d_s_ramesh

Well-Known Member
Diamond and Jewelery industry closes the strongest today with gains from almost all its stocks lead by TITAN with a close to 9% gains. This lifted the Consumer Services Sector by 2.80%. Technology followed second with a marginal gain on its index.

All the other economic sectors have closed weak. On the industries side Leather, Shipping, Hotels and Plantation Indices have closed with big gains. Term lending institutions index has taken a fall for the second consecutive day.

Pharma industry closed with marginal loss, having most of its front line stocks take an above 2% dip in their values.

CIPLA is a trend short on the daily charts.

Split/bonus adjusted NSE history data available for Metastock and Amibroker. Traders who need it may send PM to us.
 

d_s_ramesh

Well-Known Member
Market is in a tight bear grip, hourly charts seem to be gaining bullish strength.
Short calls on both NIFTY and BANKNIFTY have given stunning performance. Both are running at above 4 times profit against their risk traded with 300 and 500 points gains.

TELECOM and HEALTHCARE stayed away from the bear onslaught. On a Turnaround BHARTHIARTL is likely to perform well.
 

d_s_ramesh

Well-Known Member
Markets witnessed very high volatility adding more bullish signs. Metals were the first to turnaround with TATASTEEL getting long at 620.00. Telecom looks good and we have BHARTIARTL which has a good long trade potential.

CROMPTON GREAVES is strong in the Engineering Industry and can be traded long.
 

d_s_ramesh

Well-Known Member
Markets continue with their bear onslaught. Short Nifty gains above 8 times and BANKNIFTY gains close to 10 times its risk exposed.

TELECOM sector is the strongest sector at the moment. BHARTIARTL, the leader of this sector has the potential to outperform. Every move downwards is a strength to the bullishness.

On a rebound mid level banks will have great opportunities on the long side.
 

d_s_ramesh

Well-Known Member
Financial and Technology Sectors give a strong reversal. Term Lending Institution Industry leads the rally. Computer Software Training Industry gives robust performance, EDUCOMP continues to gain.Both NIFTY and BANK NIFTY has given Bullish trade signals. Cover short and reverse to long.

GVKPIL, a good buy candidate.
 
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