We are back after the weekend.
Looking for the markets to show some upward movement on global cues.
Will the up move be sustained or lead to fresh selling at higher levels?
You will hear this kind of talk all day on Business Channels. All that talk is guess work in the fancy name of Technical Analysis.
I came across this article today on Moneycontrol.com , one of the popular and really good website about money markets.
Now these guys are coming up with a BUY recommendation on Tech Mahindra.
We could do the same analysis on February 27, 2018 when the trend was down.
The commentary about the market is non committal. How traders make sense of such articles is beyond my comprehension.
Well, my writing also may not be making sense to some readers, but it is about telling the readers that you are the biggest expert as far as your trades are concerned.
SGX NIFTY tells us that market is likely to open with a gap up today.
What do we do?
We stay with our selections even though there may be some loss of profit or actual loss in few of them. Additions/Changes will be done at the end of day.
Thanks for reading.