My strategy is pivot points alongwith market movement. Today Suzlon came downwards from 28.60 and after reaching 27.10 it bounced back. I bought Suzlon at 27.20. After that it went up to 28.35-40 and then started to hover at 27.65-70-80. Nifty during that time was already red with -50 points. My mistake was I waited when it was hovering around and got busy with audit in office. Mobile battery drained out by the time I again checked prices at 3:15. By that time it was already at 26.30-45 and there was no way it could reach BEP within 3:15 PM.
I generally follow the market right from 9:15 AM. If the market gaps up within the R1 and PP then it would definitely try to taste PP, if not exactly. Same case the other way. However, if the gap is much larger, then the market tends to follow the direction of gap.
When the market is pushed up by the Bulls, there has to be a certain point when their power gets exhausted and the Bears take control. The pressure continues until the point of equilibrium is attained. If the pressure is large, then it simply breaks past and continues the trend, either upside or downside.
This is the strategy which I simply follow through my mobile screen.
I generally follow the market right from 9:15 AM. If the market gaps up within the R1 and PP then it would definitely try to taste PP, if not exactly. Same case the other way. However, if the gap is much larger, then the market tends to follow the direction of gap.
When the market is pushed up by the Bulls, there has to be a certain point when their power gets exhausted and the Bears take control. The pressure continues until the point of equilibrium is attained. If the pressure is large, then it simply breaks past and continues the trend, either upside or downside.
This is the strategy which I simply follow through my mobile screen.
