India leads the world – is the King of financial markets and
this King will rule for a while. As Markets traverse higher areas on the
charts, the number of new highs coming up on stocks is rising. The New High-New
Low index has hit a fresh peak both on the daily and the weekly charts. This is
happy news for the bulls. The NH-NL indicator gives the broad sentiment of the
markets, following the directions of this indicator is highly useful in
generating high probability winning trades.
The Nifty on the daily charts have retraced bearish
divergence on some oscillators like the histogram and the Force Index. This is
an indication that, there can me some weakness coming up on the index and this
provides the right opportunity to add to existing long positions on the index.
BTT has given a return of 7.10% for the month of September
to its client accounts on positional trades. Some stocks traded long in the
beginning of the month are still holding with more than 25% gains between the
buy and current price of the stocks. If you do have good investments made in
the high flying stocks of the markets now, do not exit full positions even on
targets. Do part exits and ride the tide, some extra gains like this are
required swimming through the choppy tides which the markets get into, often.
One of the guiding Indicators, the Nifty Up-Down Volume
ratio index shows clearly what was in store for the markets last month. Well
before the government moves to propel the present Bull Run, we can see
divergence coming up between the index and the indicator between 5th
and 6th of September, which is presently getting stronger and
stronger with every high that the Nifty manages to reach. Trade long and add to
your long trades both on the index and the stocks that have good bullish strength,
this euphoric run is to continue throughout the coming festive season.
To get trade recommendations with total risk control giving
the exact quantity of each stock that you can buy in your trading account along
with hand holding through the trades exits, write to admin@bravisatempletree.com
Chart of Nifty along with NiftyUD Indicator.
Some stocks that look attractive for short trades for day trades are ADANIPOWER, BANKBARODA, PTC, UNIONBANK etc., Look for positional trade opportunities in RANBAXY, TCS, DIVISLAB etc.,
Happy trading week, team BraViSa.
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