STOCK ADVICE INDIA
Most peculiar part of stockmarkets is that it doesnt work always on logical conclusion and true data alone.........sentiments and many other forces( not known to any one quite often) distract it from logical conclusions.......and we as market participants must respect what market is indicating( not look for what market should do logically). This is the reason of my believing in real profits than in hopes of bigger profits in extended time frames.
My fair calculation says 10% is a reasonable gain in two weeks. By saying so i m not saying market can not extend the rally.......Exit trading positions here will give a pause for re-thinking new trading plan with profit in pocket. I m very sure we all know how we feel good and confident having earned money by our honest efforts,controlled greed and treating stockmarket as a serious business.
Stock markets in general is a place to do business and not play pokar or gamble.
Nifty seems pausing for some time before it makes another move..... breakout will decide the direction though bias is positive and remains upwards for now in my opinion.
Time will confirm if this is real base building for a long term bull market which must resume according to Elliotwave theory.....this is not going to happen in straight line for sure,every rise will be accompanied by profit booking,even fear may drag it much lower than expectations.........point of test will be respecting nifty's previous march,2009 low of 2550. And structure of rise in coming times quilify the test of time proven chart patterns.
The real Heros are born in tough times......They keep working with conviction and believe on what they have learnt and understood well from learned experienced writers who spent life times to make sure that sincere people are helped benifited.
More Another time
Happy stock investing
SAM
Note: Disclaimers written in last bogs apply ,writer has vested interest in stockmarkets going up in long term.
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