Stock Advice India
I hope people remmemeber past up- move was too steep and without any consolidation periods in between..that is never good for long term investing .......every rise should be followed by a reasonable breathing and resting peroid.The rally that started 9th march , broke resistance finally on 27th march and finally confirmed up move on first week of april,2009..continued without a breather until 26th oct,2009 .
Now a period of consolidation starts......let us see how much time it takes before next up move starts. The time now is wait n watch, but stock investors keep looking for better performers/strong scrips/dark horses for the next move.Also its time to pick n select weak stocks....which we would like to exit when next move starts.
we are at 4750 an important support level lets see if it can hold .....breaking this there is no stop until 4400, likely hood as of now is not visible yet.
More another time
Happy stock investing
SAM
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