Reponse to Member Questions

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Dear Investor,

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Responding to question from few members. Usually I respond to individual member as I receive questions. This time I decided to respond because this is a good question to understand, how we trade.

SBI is below 150 day line. It is consolidating in very close range. We also saw very good volume for past two days. It is a good candidate to take risk. Better to wait for it to close above 2000. That will confirm the uptrend.

Reliance is below 150 day line. Taking support at 400 day line. Still in downtrend as indicated by blue line. Must wait for it to break out of 999 price and close above that.

DLF is getting sold like crazy. Clearly below 150 day line. After first day of buying, next day was immediately sold heavily. Must wait for it to close above 305.

ABAN offshore is below 150 day line. Trading in very tight range. Good buying volume for past two days. Good idea to wait for it to close above 1250.

From emotional understanding of the current market pshychology, It has become hard to control emotions to not to own stocks. The market is pushing higher, just near its high. Personally I feel, people will be compelled to buy stocks. The urge to buy will be very very strong. It is good to buy but buy will good reasons. Just don't buy because the stocks are cheap. Cheap stocks can get more cheaper especially the once below 150 day line.

Watch the 150 day line at finance.google.com or any of your other favorite site.

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.