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Thursday, April 2, 2009
Market Strategy
If there is a gap up opening like this all the stocks form a gap. Note down any 10 stocks of your choice. Atleast in 80% of the stocks yesterday's close price will act as support. Even if mkt falls to fill the gap, then previous day's close price will only act as support. Any other SL level is just luck.. This is one funda which will help you out. Even for next 1 year mkt continuously trade in bullish in any one day Nifty will fall down to hit yesterday's close price of 3060.. So buy any stock of your choice. But yesterday's close price (plus or minus 1%) is what should maintained as SL. Any other SL is useless..
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