The weekend is over.
Monday heralds another week of uncertain trading. On Friday ( April 06, 2018 ), NIFTY ended up flat. It kept moving in a narrow range all day to finally end just 6 points above. A really indecisive day.
In the evening, US Markets again moved down by 2% on resumption of Trade War concerns. Such a move had occurred last week also only to be reversed vigorously next day.
No one knows whether the concerns are real or imaginary but the markets in US reacted sharply.
What happens here in India as a follow up is yet to be seen because the day was followed by the weekend here.
SGX NIFTY suggests a gap down.
Our Stock Selection :
It does not matter to a trader whether the market is up or down. Ups and downs of our own account are more important.
On Friday, the positions improved slightly from the previous day.
Sell Selections :
Not a very good looking chart. But it is better than the situation a day earlier.
We decide to stay with the same set for the present. Let us see what the market does today and how the selections fare?
Disclaimer: This post and examples are for teaching purpose only and are not meant as advice/suggestion to trade in these stocks. Trading in Futures and Options can lead to big losses and should be done with appropriate knowledge and advice only. Mentioning the stocks here does not imply that I have a trading position or likely to take a trade in these stocks.
Tarun April 9, 2018 at 7:04 pm
Bajaj Auto seems ready to head fall if Nifty snuffs. It’s been making lower lows and lower high’s consistently as Nifty gained momemtum in the last 2-3 daysReply
DJ April 10, 2018 at 10:26 pm
How it went today (Tuesday) on your 7th day. As the market was quite narrow in its movement, however, options are badly affectedReply
siddhant April 27, 2021 at 2:36 pm
How do you decide the stoploss?Reply
Like you closed lupin at a 10% stoploss but you didn’t close RPOWER although it was 18% down the previous day!
Pramod Kumar April 28, 2021 at 7:28 am
I remember that. But it is something from 3 years ago and right now I do not recall the logic of staying with that trade. Maybe it was just my conviction which came good at the right time.
Thanks for going so far back and noticing a significant point.