NIFTY closed lower yesterday.

I had picked 2 stocks for BUY and 5 for SELL.

In such a strong downtrend, it was easy to be right on the SELL side but that was also not easy.

The result of the BUY picks:

RELIANCE and TECHM both ended higher than previous day. At some stage during the day, both had gone negative for a while but recovered later to end up in the green.

The result of the SELL picks:

Out of the 5, only SBI ended slightly higher. Actually it had gone quite low but recovered handsomely thereafter along with other PSU Banks.

The other 4 ended lower than the previous day.

The purpose of showing this is to tell that we do not need to struggle to find out stocks for trading.

Look for strength and look for weakness. Stay with the trade for a while if it goes right. Exit when it has gone wrong.

What Next ? :

Why mend what is not broken.

These picks were for a positional trade and still there is lot of time for these trades to come good.

Nothing has changed today to suggest EXIT from any of these.

SGX NIFTY in the morning today is suggesting NIFTY FUTURES to be down about 65 points. There is more chance of SHORTS making a good move if the negative trend holds.

One more stock can be added to the list on the SELL side— INDIABULL HOUSING FINANCE.

This stock has gone nowhere in last 2 weeks of trading and showed marked decline yesterday. With the overall trend likely to be negative, IBULHSGFIN is a good shorting candidate.

All other earlier picks shall continue.

Keep reading and working out your own trades.

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.