My dear investors if you want to make money in stock market just ban
blue channels in your trading life. They change their view just like a
model on a ramp. If market down one day they become bearish with scary
targets. The next day when market bounce back they do not hesitate to
give lofty targets with bullish outlook. In the process small investors
are buying at higher level and selling in panic at lower level.
The recent correction is due to problem in Europe and uncertainty over GAAR. But interestingly those who will be affected most by these two news, FII are not selling; in fact they are still buying. Check yourself the data at NSE site. One more interesting fact that most of the Nifty stock are made 52 week high yesterday.Some smart operators are making most of the situation by using advanced tools of trading like basket selling to create an air of uncertainity and picking stocks in the process.
Just recall when IVRCL was trading at 30 levels all the blue channels were shouting from the roof tops with long research reports and advised to sell. The same channels are now recommending it to buy now at 70 level. Rest is self explanatory. So just switch off blue channel till 3.30 pm on trading day to make money in the stock market.
Market today will open positive and try to break up on the positive side. It will become volatile in the second half and face technical resistance at 5300, 5335 and support at 5238.5200. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 5335 with volume may open flood gates for 5400 levels.
The recent correction is due to problem in Europe and uncertainty over GAAR. But interestingly those who will be affected most by these two news, FII are not selling; in fact they are still buying. Check yourself the data at NSE site. One more interesting fact that most of the Nifty stock are made 52 week high yesterday.Some smart operators are making most of the situation by using advanced tools of trading like basket selling to create an air of uncertainity and picking stocks in the process.
Just recall when IVRCL was trading at 30 levels all the blue channels were shouting from the roof tops with long research reports and advised to sell. The same channels are now recommending it to buy now at 70 level. Rest is self explanatory. So just switch off blue channel till 3.30 pm on trading day to make money in the stock market.
Market today will open positive and try to break up on the positive side. It will become volatile in the second half and face technical resistance at 5300, 5335 and support at 5238.5200. Today Select stocks in mid-cap space will outperform. Till nifty in this range midcap will fly around. Any close above 5335 with volume may open flood gates for 5400 levels.
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