DEAR RAMESHJI,
PLEASE:sos: PASTE 21-OCT-2010 CASH & FUTURE LEVELS AS EARLIEST.PLEASE ALSO TELL ME SOME TECHNIQUE TO EARN GOOD IN THIS HIGH VOLATILE MARKET.STOCKS START MOVING UP WHEN I ENTER THEY FALLS DEEPLY
IF YOU HAVE ANY WRITE APPROACH TO EARN GOOD IN THIS VOLATILE MARKET PLEASE:beer: SHARE WITH ME.
WITH REGARDS
SUDHA RANI:yahoo:
Basically there are 3 market sentiments 1. bull 2. bear 3. sideways
1. BULL will have rally above Trend and the stock price normally will not come below Trend
2. Bear will have below Trend price and stock price will get resistance at above Trend
3. This Sideway market will oscilate (volatile) which normally will not give money on direct approach where as it will fetch trading opportunity, to tackle this
1. Try to adopt Stoploss buying/selling instead of direct buy/sell
2. Allow the market to complete its pattern and take decision, in other words, don't trade until or otherwise the market breaks the res1 or supt1
3. Time the market or enter the market on its fag-end (2.30 -3.30) their it will not have enough time to change its direction, since because of the time factor.
4. Determine your entry and exit and stop loss before action.
These steps will do to catch up the market on all days.