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Stock Advice India

INVESTMENT CONSULTANT
Thank God people in stock markets have started realising the factual ground realities and now getting out of euophoric situation........ much awaited correction is on the way,some part of it already happened in last week ( Nifty falling from 4700 to 4200 and yet some room lower seems likely.The expected ideal support which most technical analysts agree is 4050 on nifty.

The current run -up lasted approx 14 weeks starting on 9th March 2009........and my estimates as anticipated in my previous blogs been 8-12 weeks seems fairly close to the happenings.

I like to summerize my total proceeds of entering / modifying and finally exiting in this run-up.That i do every time a segment of stockmarket run--up or down is over .......that lets me analyse find my faults,strengths and weaknesses.....surely if noted and taken care of in future,helps improve my performance further. The conviction and believe in stock/financial markets business also gets strengthen.

I entered this run after confirmation around 5th April....made a business plan and strategy before i really put money...then invested in two kinds of activities..... investments and trading-- with different time frames and gain targets....revised it on way the targets but apprehensively, then exited 1st week of june .

Though I exited bit early but gave the logic and reasons to do so in my blog dated 1st june,2009....but after two more weeks passing market started much awaited correction....the rules of the business confirmed ... PLAN YOUR TRADE--TRADE YOUR PLAN.

This also confirms the conviction and believe that stockmarket is not a hit n run game...or just stands on virtual pillars...it works much better for us if we respect the principles laid down after years of experienceby the learned serious intelligent participants.

I m waiting for this current bout of correction to be over to decide what next i must do......also is the time to relax and study the next move likely . It is necessary to know where the sellers and buyers become equal strength to let not market fell further........ i m not in favour of shorting the market though some brave heart people do it to make extra money.

More another time

Happy stock investing

SAM

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