For sixth day in a row NIFTY made an up move.
The fear of sub 10000 level apparently is gone. Market is making unsure type of moves everyday but finally going up. Moves look sector specific. Yesterday, it was all about IT sector.
NIFTY gained. So did BANK NIFTY. But the Midcap and small cap indices were in the negative. That tells us that the strength is not yet back.
I too have started talking like folks on TV. Market moves are not easy to comprehend, let alone explain. So let us just not attempt doing so.
Today is April 13, Friday.
What type of day it could turn out to be ?
Either way, few trades will make money while few will surely go wrong. Good or bad days are all part of the game and we keep moving on.
Review of Thursday :
The day turned out well for our selections.
The BUY selections went up and barring on or two exceptions, SELL selections went down. Such kind of things happen very infrequently and we shall take such a day very gladly.
Buy Selections :
Though we are still in losing positions, the loss has come down considerably in the last two days.
We believe that these stocks will keep doing better. The position will be reviewed at the end of day.
Till then, we make no changes in our selection list.
SGX NIFTY as of now is indicating a flat opening. It was the same case yesterday but we ended up gaining 40 points in NIFTY.
So we either have Thank God It Is Friday or Friday The 13th.
Trade cautiously, trade profitably.
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.