FOR TRADERS: ALWAYS USE STOPLOSS AND ENTRY PRICE TO MINIMIZE LOSS AND MAXIMIZE PROFITS
It was a nervous morning, as the news of the US bailout package being rejected affected markets across Asia.
The first half saw selling pressure in the Indian market, but after the sun outage, banks and realty stocks drove it higher.
Sensex ended the day at 12,860, up 264 points from the previous close. Nifty shut shop at 3921, up 71 points.
BSE Midcap index gained 1.5% and BSE Smallcap index, 0.4%. BSE Bankex gained over 4% and BSE Consumer Good and BSE Realtyindexes gained 3% each. But metal and FMCG stocks witnessed selling pressure.
Top Sensex gainers included ICICI Bank (on assurances from the management as well as the RBI), TCS, HDFC and Bharti Airtel, while losers were Tata Steel, Tata Motors, Ranbaxy and Grasim, among others.
BOTH EDUCOMP AND RELIANCE CAPITAL ACHIEVED TARGETS.
by musicsri
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Educomp Solutions:
Buy Educomp Solutions above Rs 3325. Stop Loss of Rs 3275, target of Rs 3388-Rs 3404-Rs 3455.
Reliance Capital:
Buy Reliance Capital above Rs 1140. Stop Loss of Rs 1120, target of Rs 1164-Rs 1171
by musicsri
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As a result of the last week's movement and closing, the Sensex gave a lowest weekly close of the entire fall from the peak of 21206 till date. The Sensex on the weekly chart also formed an Engulfing Bear candlestick pattern.
STRATEGY FOR THIS WEEK:
Support will be at 12822-12558-12316. Resistance will be at 13459-13864-14221.
by musicsri
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Recently Warren Buffet invested 5 billion dollars in Goldman Sachs.Do you know why he invested when U.S is in a financial crisis?
Read to know the reason...
Warren Buffett practices what he preaches. His strategy to buy stocks whose prices have been driven down due to fear is very evident in his latest move. Wall Street is in the grip of unprecedented panic and stock prices have plummeted, even those of one of the world's most prestigious banks like Goldman.
"Be fearful when others are greedy. Be greedy when others are fearful," Buffett has often said. Buy when people are selling and sell when people are buying. His investment in Goldman Sachs stems directly from this investing principle of his.
Buffett's investment in Goldman not only boosted the bank's confidence, but also that of investors worldwide. Essentially, Buffett's investment is an endorsement of his faith in the stability of America's financial and banking system.
by musicsri
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1. If stock market is trading in positive direction as compared to the previous day and one is short in a stock, than one can safely close the open position. The same is true other way also i.e. if one is long in a stock overnight and stock market is trading in positive as compared to previous close, than one can contemplate buying additional quantity of stock.
2. If stock market is trading in a negative direction than remember to go short in the stocks which are trading in negative side and do not go short in those stocks which are trading in positive direction.
3. Remember that one should not go by preconceived notions and an example of the same is that it is not necessary that a stock which is weak today during intraday trading might be weak tomorrow also and vice versa is also true.
4. One must monitor the overseas market because if US Markets have gone up overnight, than it is very high probability that Indian markets will open strong. One can check the rates of Indian ADR prices and can thus benefit in Indian stock market by virtue of reliable information. However one has to be careful when buying stocks as the general psychology of public is to buy when good news is there. Thus Research for Indian stocks is of utmost importance.
5. One can benefit being contrarians in day trading in share market.
6. Remember to use the stop loss efficiently while day trading.
7. One can remember the guru mantra of trading in liquid stocks i.e. stocks with high volume because it provides an easy entry and exit in stocks.
8. One can undertake the paper trading before testing the day trading in actuality. However remember that to make money in paper and making money in actuality are two different things as paper trading lacks the emotion aspect.
9. Trade with a constant volume and do not get exuberated by gains achieved.
10. As a new trader one should trade with quantity of stocks which is manageable. Initially make constant endeavor to keep the fear and greed under rein else you will have lot of tension.
YOU CAN KEEP WATCING THIS BLOG TO GET EFFICIENT TIPS FOR MAKING PROFIT.
by musicsri
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