Hi all,
This is not a great time to go looking for new buys till a new trend above 2400 levels for the NIFTY emerges.
Today's close may well create a clearer picture for next week. Whichever way the market seems to be swinging, we can look for new positions early next week.
Will be around during the session.
Hi Karuna, could you please tell where you entered the scrips you mentioned, and there is time for Aug. options, may I reply during the weekend. I'll try during the session today also.
Hi amitkr, keeping a watch on NRC as it was trying to make up moves late yesterday. The only thing I am concerned about is, it is lacking momentum yet. Yesterday's build up in volume if continues may well provide the needed momentum. My sense is, it is trying to get bullish.
One more thing: When one gives a buy call, there is a great sense of responsibility involved as people take entries. This builds up a pressure as some calls don't work out too well. To that extent, one's own prudence should be exercised. Some of the members are new to the market and the excitement is understandable, but be ready to take a few blows as well. That will make a better trader in the long run.
Will be around.