Behaving as EXPECTED….. become less active… and have we really seen that??? YES!!!
When markets are poised at crucial resistance zone its the right time to keep in mind the Thumbs rule for trading “ITS NOT NECESSARY TO TRADE EVERYDAY“… and thats the reason i havent really posted any fresh views on market direction…
Our ONE MAN ARMY : RELIANCE INDUSTRIES & RELIANCE PACK is out performing the markets as we are being telling since last many days. The above chart speaks more then my words. As we know tht " AN IMAGE IS WORTH TELLING THOUSAND WORDS "
All BULL Markets rise faster then we predict…. All BEAR markets fall sharper then we fear! So, It would we wise not to predict the year/month end targets for the SENSEX… Rather be stock specific and follow the trend…
Another important thing that i would like to mention is.. When everyone around is making money… Its time to stay light on your medium/long term portfolio.. Trade aggressively, but dont bring ur positions home unless you are ready to hold it for a few months time… Am saying this because we have a lot of quality IPO season coming in.. so at some point of time there could be a profit booking from retail investors as well as FII’s
No signs of dangers as of now… But its a caution signal..
Trade with CAUTION, is the advise from one and all. So it means use strict stoplosses… isnt it?But in such volatile markets the stoplosses are bound to be hit either way you trade. So its rather time to check-out for value buys at this times. Do good to yourself by picking up few sleeping beauties.
