Market is FLAT

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Dear Investor,

I looked at 300 stocks to check the trend of stocks in NIFTY. I was surprised to observe that every stock is trading in a flat range. It the range is very well defined. This pattern is exactly what is called as base. When stocks will start moving out of this range, we will find new trend. It could be uptrend or downtrend. Usually it is a uptrend after such a long base.

NIFTY is in a block of 4500 to 5000.

SAIL in perfect FLAT trend. Buy the low and sell the high.

RELIANCE - Very clearly defined vibration block. Buy the low around 1800 and sell out around 2150.

Reliance Infrastructure in the range of 1080 to 1250.

HERO Honda vibrate in 1500 to 1700 range

AXIS bank in 830 to 990 range

In India stock market the move happens very fast at the beginning of trend. Once that uptrend phase is over, they keep the stock vibrating in a particular range for months together. In this period you will be thrown out of the market by taking periodic dips within the base. It will test our patience for months together and one fine day all these stocks will leave there base and move higher or lower. Certainly there is no catalyst to move either up or down so we are just vibrating in a range.

Since MARKET is FLAT, identify the block of your stock and buy when it touches to bottom of the block. You can easily identify the trading block by looking at the simple chart drawn from links at the end of the email.

THE BASE BUILDING IS IN PROGRESS SINCE JULY. NOTHING MUCH HAS HAPPENED SINCE JULY RUN UP. NEXT MOVE IS NOT CLEAR AND HENCE WE ARE TRADING IN A BLOCK.

THIS MARKET IS FLAT.

Thanks
Anil
Got a Question? mailto:indiastocktrend@gmail.com


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