The Stock Market
At start of the morning Sensex was down with 94.11 points nifty was down with 22.90 points. Today some stocks have highest closing since February. The Nifty continued with positive momentum and closed with gains for the ninth consecutive trading session. Today chart structure in the favor of the bulls. Meanwhile positive momentum was continued in bank nifty.
Thursday’s top gainers on the Nifty were IndusInd Bank, HDFC Life, Eicher Motors, Apollo Hospitals and Power Grid Corp, while losers included Infosys, HCL Technologies, Tech Mahindra, NTPC and TCS.
Some things I observe about stock market if you do trading on daily basis you have to set some boundaries you have to remember one thing hope is not strategy. Don’t hold a losing position for long time. On a regular basis, review every stock you hold and ask yourself this simple question: “If I did not own this stock, would I buy it today?” If the answer is a “No,” then it should be sold. In my opinion Through the use of charts I believe you can initiate and trade positions at more timely entry and exit points. When a stock goes up by 40%, sell 20% of the position. When it goes up another 40%, sell another 20%. This basically leaves you with 125% of the initial position and about 60% of your initial investment off the table. You can also use this “up 40%, sell 20%” method on the remainder of the position you sold half of on a double. In my point of view through the use of charts in stocks market I believe you can initiate and trade positions at more timely entry and exit points. stock market needs discipline if you are not follow the aspects you cant survive here. In simple language you have to learn about stock market first. Because you never know what the next step of the market.