Any trader, should set a target for himself/herself.
A day trader should set target for him/her for the day, swing traders perhaps for the week and an option trader should set target for the month.
It is always important to be with the trend, it could be trading in index or it could be in any stock. In this month, unlike some earlier months we were with the trend from first week itself. So this month, followers of this blog must have earned much more than 5/10% on their investments already. In simple term Rs. 100,000 investment must have made you richer at least by Rs 5,000 to 10,000/-. It is more than 6 to 12 times of bank interest.
This is time to stop trading in the month. Exit from all positions and wait for the right opportunity again. There will be some lottery stocks for sure and we will take those trades in coming days. But first exit from all positions and ensure credit balance in the trading account.
Investors can start accumulating good stocks of companies with good corporate governance.
LIC Housing, FSL, ITC, TATAMOTORS, ICICIBANK are few examples, with 1 to 2 years horizon. Even LT and SBI are not bad to allocate some small percentage of funds. Between 5000-5500 of NIFTY valuation becomes attractive. If Rupee stabilizes around 60-62, new FII will invest in India. Even if Rupee strengthens 5% from here their investment will go up in dollar term, they will able to take out more number of dollars than they are investing today. Risk reward ratio becomes suddenly attractive of them. Perhaps recovery will be slow this time, unlike in April 2013 but ultimately investors have to come to India. So look for good stocks for real long term investment in coming weeks. Don't buy immediately tomorrow!!
Disclaimer: This blog does not take any responsibility of your profit/loss
A day trader should set target for him/her for the day, swing traders perhaps for the week and an option trader should set target for the month.
It is always important to be with the trend, it could be trading in index or it could be in any stock. In this month, unlike some earlier months we were with the trend from first week itself. So this month, followers of this blog must have earned much more than 5/10% on their investments already. In simple term Rs. 100,000 investment must have made you richer at least by Rs 5,000 to 10,000/-. It is more than 6 to 12 times of bank interest.
This is time to stop trading in the month. Exit from all positions and wait for the right opportunity again. There will be some lottery stocks for sure and we will take those trades in coming days. But first exit from all positions and ensure credit balance in the trading account.
Investors can start accumulating good stocks of companies with good corporate governance.
LIC Housing, FSL, ITC, TATAMOTORS, ICICIBANK are few examples, with 1 to 2 years horizon. Even LT and SBI are not bad to allocate some small percentage of funds. Between 5000-5500 of NIFTY valuation becomes attractive. If Rupee stabilizes around 60-62, new FII will invest in India. Even if Rupee strengthens 5% from here their investment will go up in dollar term, they will able to take out more number of dollars than they are investing today. Risk reward ratio becomes suddenly attractive of them. Perhaps recovery will be slow this time, unlike in April 2013 but ultimately investors have to come to India. So look for good stocks for real long term investment in coming weeks. Don't buy immediately tomorrow!!
Disclaimer: This blog does not take any responsibility of your profit/loss
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