I M HERE TO KEEP MY CAPITAL SAFE WHILE I M TRYING MAKE MONEY IN STOCKMARKETS.

This is what most of investors forget and act in haste...a particular level base of nifty has to sustain to build a growth over it...holding a nifty level over a period of time that is later known as a support,technically speaking. And indeed its been holding nifty 4400-4710 range. This is waiting period for investors unless market breaches the trading zone north words and stay over it.

Decisively crossing this resistence and staying above few days is necessary to be sure of the up move of the indian stockmarket... finally seems the event is done ,we now stand 4710 nifty value

PATIENCE IS KEY TO RISK MANAGEMENT IN CAPITAL MARKETS

... now on 9th sept,2009 nifty has confirmed getting out of trading zone...as a rule of the game if this market has to go up ......it must respect level of 4710-4750 onwards of course.

People in stockmarket get frustated when friends like me tell them to wait that long.. really this is bad but is a part of this business....its better to be idle than to plung in haste and repent finally booking some losses.

what I have been doing during this period is to trade some scrips ( using Swing trading and positional trading techniques) with one to three weeks time horizons. this needs specialized skills which i learnt professionally.

Trading activity during this time gives me small profits to pay my monthly bills and let me judge the relative strength of stocks as compared with nifty(because they can prove black horses in the next run).

finally i freed my trading capital on 9th -10 sept,and started reinvesting for a longer time horizon those stocks which broke out trading range with big volumes. my assesment is that the midcap is surely likely to outperform...so thats my focus area,reputed midcap/small cap companies like Godrej Ind,Dish TV, fortis,Indian Hotels,hotel Leela ,VIP Ind,Pidilite,

Momentum stocks too look attactive like GMRinfra,DLF,Suzlon power Relience power,M&M etc

more another time

Happy stock investing

SAM