New High- New low index for weekly and daily shows divergence and the volume strength on the Nifty has regular up down spikes. While the NH-NL confirms for a turn down, Force Index gives indications that there is more strength.
This gives a clear confussion going forward for our markets. What would this mean? Side ways, side ways.... what more. Range is quite big, it will squeeze some late entrants. Some early trades will get exited. It is going to be a fantastic week with all these activity and FnO expiry.
As there will be weakness coming up for a brief period in the market, are there any good shorting opportunities available? Our scan has given one stock, IDEA. We can short this stock for small gains on an intra day trade. Look into the charts and take your call.
Some of our long calls that are open now in CENTRALBANK, UNIONBANK, ADANIENT, VGUARD and PATELENG. All of them are doing well. You can visit our calls section to know more about the trades http://stocksupermarket.in/impulse.php their entries, stops and present gains can be viewed here.
To get pre-set trade recommendations based on your capital and complete risk management please write to admin@bravisatempletree.com.
Enjoy the fun. Team BraViSa.
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