Sensex continues to show wild moves all over the place as the uncertainty with p-notes, rumours etc continue to show the pressure ... So what can be done in this case is just follow good discipline like dont stay leveraged or on margin as stated so many times .... I always said this and if u have followed good discipline todays declines would have not eaten into ur profits... Technical View : Sensex as i said n number of times the minimum projection is at 19200 -19300 levels and is to be seen ... Markets made a top around those levels and not clearing that was an indication of caution but such a reaction is not expected technically ... The current closing suggest following strategy :When in doubt get out !! The strategy is to exit and reduce any short term positions on rise to 18500 -18800 levels and sit back and wait and watch ... And mind u dont stay leveraged and on margin so that u dont eat into the profits gained in the rally ....Wait for 17200 to initiate buying for medium term and worst case could be 16500 which would be really good ... The other way is to stay invested in long term and watchout for uncertainty to clear and we settle around ne of the above to levels...Will post the chart tomorrow or later in the day !! Lot of our calls in the day moved up like MTNL frm 176 to 186 , NIIT TECH frm 385 to 410 , HCC did 200 .. GIPCL did 124 , NEyvyeli Lignite did 136 ... But all closed down due to the selling and partial profits were booked at higher target levels and then hit stoplosses but still due to partial booking are hold for medium term investments but in small exposure
No comments:
Post a Comment