Waiting for next move

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Dear Investor,

Check Our Current Recommendations

I have not recommended anything recently since most of the NIFTY leaders are behaving very different. Maruti Udyog, Nestle and Hero Honda were the leaders of this rally. They have started to sell off on heavy volume. Its a red flag for us and we need to wait for few days until the leaders start rising again.

Nobody really made wealth by day trading a stock. Its a myth that you will make big money in those big daily moves. Few blessed with inside information could only make such wealth. For rest of us we should be focused on short to medium term trading.

You must know the reason why you bought and why you would sell. Right now we are in bull market. It means there will be few scare the people sell offs. The sell offs are designed to kick out the weak hearts and get their money. After the sell off ends, everything will rise together and you will not have any entry point.

So trade with medium term view. Hold your positions. Don't get afraid until your stop loss is hit. This market will keep rising going forward. A serious correction will be really nice for all of us. Unfortunately it has not happened for so long.

GeoMetric is showing some strength. If it sucessfully closed abot 53 for few days you could consider adding it to your portfolio. Similar case with Nucleus software.

Learn to stop trading when it does not make sense. Wait patiently and market will present you the opportunities.


Thanks
Anil



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Disclaimer: Please trade with your own judgment or with the help of investment advisor. We are not responsible for any financial losses.

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