May 18, 2009

Be Greedy , Be Cautious , Be Logical

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Markets are up 650 points on nifty , this has never happened earlier . Everybody is trying to rush in . and smart people will now try to take some profits home .

Be Greedy : The main aim should be to BUY !! , and not SELL . Whenever you get opportunity , which should happen on intra-day dip , Enter long positions .

Be Cautious : Why do I say this ? Because now smart people will try to take some profits home . Markets mood is positive and it should go up , but that does not mean markets will not fall , it may not fall tomm , but eventually it will fall upto some level , so dont be the culprit of buying at the highest point , there will be better opportunities .

Be Logical : Markets have started there up journey before 10 weeks and after this mega positive news , again it should move higher , but till when ? Some day it will fall ... If you are carrying some positions from some weeks back this is a good time to Book at least partial profits . And then go long again at lower levels .

So whats the plan for Tuesday ?

- If markets open Higher and starts dancing zigzag , better to book profits , or Wait before going long , a profit booking can come .

- If markets open lower , then go long

- If markets open flat, wait for 10-15 min and then go with the flow if it goes up , if it goes down , don't short , just wait for it to go down and then move up .

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