My dear visitor's, kindly refer my yesterday’s message (17th March), Where I said that Indian Stock Market is looking for every opportunity to go down and same things are happening for the last 10 days.Today (Monday 18th March), though the Global cues were little bit positive, our Indian Stock Market shown the complete Bearish trend through out the day. All negative factors are still exists. Middle East/Libyan conflicts, Japan Devastating State & Finally an increment of Crude oil prices which was inevitable due to recent ban by United States for no fly zone over Libya are the recent major negative issues. Though, most of the Indian Banks are reluctant to further increase their interest rates, but tTrader’s/Investors are still lacking the confidence to hold any Stocks and the recent trend of sell on higher levels and buy at or below the panic levels, or else near the lowermost index supports will continue for the time being. so, At present don’t expect any miracle from the stock market and use the existing trend indicators for making money. finally i would like to conclude everything with a few more words, especially for my paid clients, that is, if you like to be a successful trader then, you must pay respect to the stock market. you should be present at your trading point, 10-15 minutes before the opening bell and you have to concentrate before the opening of stock markets. You have to get rid of confusions and have to buy and sell firmly. remember that, you can not be filthy wealthy within a day. so even if you miss the chance to be present at your trading point before the opening bell, then you must wait patiently for the next available opportunity. there are few golden rules you always have to follow, and everyday you have to cultivate yourself to be a successful trader in future. unfortunately, i found some of the traders are doing same common mistakes everyday, resulting erosion of capitals and ultimately losing the confidence permanently. so it is advisable to find out your common mistakes, admit it and get rid of them. my dear visitors, please note, that stock market got it’s own mind. no one can control the market (market is supreme) and we can make money only by following the trends & making use of same. last but not the least, the present trend of the market is highly beneficial for the day traders. it is still advisable to stay away from f&o segment until unless spot nifty cross and sustain 5745.
TODAY’S MORAL: “BUY STOCKS ON RUMOR BUT SELL ON FACTS”
“DON’T OVER TRADE NOW & TRY TO PROTECT YOUR CAPITAL”
“ALWAYS STAY COOL & DON’T BE PANIC-STRICKEN”
“REMEMBER MARKET STABILITY WILL BE BACK ONLY AFTER 5745 OF SPOT NIFTY”
FOLLOWING STRATEGY IS STILL VALID FOR THE TIME BEING:
(1) Sell in every abnormal rise.
(2) Buy in every abnormal fall.
(3) Book your profit in every step.
(4) Buy and Sell firmly and promptly without fumbling.
(5) Use strict stop loss and avoid taking un-necessary delivery.
(6) It is also advisable for the traders with small capital to quit the Market everyday after making a reasonable profit. and always follow the footprints of spot nifty as stated below.