Sunday, September 30, 2012

All is well with the markets.


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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