Selling probably is completed. May be time to buy has arrived.

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Dear Investor,

We had a panic sell off yesterday. Look at the red volume lines below. Too many people throw in the towel and rushed back home. That's what the market needs to get you out. I am still with my bullish sentiment meter. We will see in next few days if this was really a bottom for now and next leg up would begin. I am flexible and change as the market changes.

The important point is to know why to take the stand what you take. I will be become a all out bear if market closed below the blue line in following image. Until then every dip is a buy. Market is dipping for last few days then why only yesterday dip. The reason is Very high volume selling. We might have few more days like this but you can't really catch the bottom of this thing. We should start looking at opportunities now.

Please add following stocks to your watchlist

Buy Sundaram Fastners Up to 48 Stop loss 35 Book Profit around 60

The reason I think this is a buy because when the market fell every day, this stock kept moving up. The meaning is that somebody knows the value of this and is accumulating. We will sell is below 35 because then it would mean that it was a fake move. Why stop 35 and not 33 or 37? If you carefully look the chart below, you will find that it always took support at 35. That means investors don't sell it below 35.

Tata Tea found support in the market washout of yesterday. Not bad for quick trade.

Buy Tata Tea up to 860 Stop Loss 810 Book Profit around 900

Wipro is another stock which is defying the market action.

Follow few simple rules

1. No single position more that 10% of your portfolio.

2. Do your home work. Don't buy because somebody told you.

3. Keep the stock longer. Time will make you more money than timing the market.

4. We are in bull market until we close below 4200.

5. Always keep some money on sideline.

6. Enjoy life all the time, because we have only one to live.

Thanks
Anil



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Stop Loss: Sell Stock if it closes below this price. It tells you that market has proved you wrong. Accept it.