NIFTY PERFORMANCE:
Today market went on correction on News Square off (one bad news against one good news). Yesterdays' China's economic news squared off by our SEBI's P-Notes (cash inflows) issue. That's reason, yesterday evening, we mentioned about short lived markets and advised to be cautious with SL. Till the Near Derivatives session closes, market likely to be volatile in order to exercise roll-overs and and square-off/profit booking, long term investors can make Opportunistic Buy to bring down their holdings average cost. Till Market holds above 8280 long term investors can be on long side on SIP basis.
STOCKS TO WATCH (POS/DAY BASED ON LEVELS GIVEN)
HINDZINC: BUY > 166 TRG 168/171 SL 165
ACTUAL: LOW: 163 HIGH: 170.95 (SL HIT)
IRB: SELL < 267 TRG 262 SL 271
ACTUAL: LOW: 253.70 HIGH: 266.50
ACTUAL: LOW: 272.45 HIGH: 289
Most of Investors Trade to average their purchase cost..
Traders/Gamblers most of the time/initially try to multiply their capital. Off late they try to save their capital.
We have to decide, what we want to do? before we go to terminal.
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