Strategy Change: Sell the rallies
Dear Investor,
NIFTY Monthly chart reveals change of strategy. The market correction is not happening all of sudden. The bull market is about change its character into bear market. You don’t need somebody to tell you this. Just see monthly chart and you will see that market is trading below dotted red support line.
India Stock Tip: Eveready Industries
Stock Tip : Eveready Industries
Dear Investor,
Indian stocks have become challenging. One day they pick of 500 points and after few hours they fall 500 points. It is a clear situation of uncertain future. Investors are loosing money on these sea-saw movements of market. Our last weeks stock tips have outperformed the market. While market is moving down these stocks gained and most of them are holding on to these gains. The reason for that is the systematic look at the chart patterns and trying to find the secular bull in individual stocks. Trust be right now the situation is not at all clear about where we will end up.
Following NIFTY stock chart is clear view on how the market has trapped some traders betting on blue chip stocks. Blue chip or no chip, it does not matter. What matters is to find a secular bull market in a stock and buy it even if it is not blue chip. Market trapped many by breaking about the solid blue line and quickly correcting afterwords. RBI has not been very helpful lately.
This week I am proposing two India stock tips, one on long side and one on short side. Eveready Industries is not in a secular bull market but it has started to move into one. It will still be a early call but I am 80 percent sure that this stock will move
NSE Analysis
India stock market trend is sideways. It has not moved for last one month from the range I had drawn and I keep posting it all the time. It is just to give you perspective. I found few stocks that are breaking out to new high. These present best opportunities to hold on to for some time to come. These will less likely return profit in neat term but you have to adopt accumulation mode. Market does not have any clarity of what to do so it just moving up and down with no real sense of future prospect. Remember one thing, market does not pay for past performance, the entire game is based on future prospects. That is why sometimes companies that do not really make money today are highly valued and there companies that report great earnings get sold off. So always keep your eyes open for future prospects.
Above NIFTY chart has some kind of bullish touch to entire sentiment of trading. Especially if you note the green lines on the above chart. Basically market did nothing in last so many days but when market moves on upside there are massive volumes. People just jump in to buy stocks. So it has bullish touch.
India Stocks Tips Breaking Out
Last Week I posted Bharti Airtel and Idea as two best ideas to invest into Indian Stock Market.
More detailed analysis is at
http://india-stock-market-tips.blogspot.com
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