GOOD MORNING.
DEAR FRIENDS,
BEARS ARE HERE TO STAY....
....BUT FOR A SHORT PERIOD.
MARKETS MAY REMAIN SUBDUED IN SHORT TERM BUT, WILL SEE A REVERSAL IN MEDIUM TO LONG TERM. AS WE DISCOUNT FUTURE IN MARKETS, WHICH MEANS WE ARE CURRENTLY TAKING CARE OF NEXT 3 TO 5 MONTHS, MARKETS WILL FINALLY LOOK AT MAJOR POSITIVES OF LONGER TERM AND START GROWING ON IT.
AS MENTIONED IN EARLIER MAILS, INDIAN MARKETS ARE HAVING A PLATEFUL OF WOES - RISING CRUDE OIL PRICES, MANAGING INFLATION, ELECTIONS LOOMING IN NEAR FUTURE & DEPRECIATION OF RUPEE - UNCERTAINITIES GALORE!!!
ALL FACTORS MENTIONED ARE INTERNAL TO INDIA BUT SEEM VERY MUCH UNIVERSAL IN NATURE. INDIA SEEMS TO BE TACKLING MAJOR ISSUES HEAD-ON AND IN A VERY POSITIVE MANNER. BUT, INDIA CANNOT BE INSULATED FROM THE GLOBAL SLOWDOWN & A FAILURE OF ANY MAJOR ECONOMY HAS A DOMINO EFFECT.
SO, HOW TO BEAT THE BEARS???
1. DON'T TRADE OR INVEST AT ALL!!!
2. BUY ON DIPS, TRY SIP (SYSTEMATIC INVESTMENT PLAN)
3. SELL THE MARKETS, THAT IS, GO SHORT. IF YOU CAN'T BEAT THEM, JOIN THEM.
WE PREFER THE 2nd OPTION AS IT WILL PAY OFF IN LONGER TERM, WHILE THE THIRD OPTION IS BASICALLY A TRADING OPPORTUNITY.AS WE HAD SUGGESTED TO EXIT ALL LONG POSITIONS BELOW 16100 AND HAD GENERATED CASH. NOW WE HAVE INVESTED A PART OF MONEY AROUND 20% TO 30% AT 14700 (AND EVEN BOOKED PROFITS ON FEW COUNTERS) A FEW DAYS BACK AND NOW WE WILL LOOK AT ADDING FURTHER AROUND 13500 AND FINALLY IF 12500 EVER COMES.
STAY COOL, BE PATIENT - INVESTMENT IS ALL ABOUT BEING DISCIPLINED.
NO RECOMMENDATIONS FOR THE DAY.
TAKE CARE!!
BEST REGARDS,
DISCLAIMER:
[The above recommendations are based on the theory of Technical Analysis and do not reflect the fundamental validity of the Scrip. Author will not be held responsible for any losses, financial or otherwise, incurred.]
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