The Home page is updated from time to time unless, restrained by unavoidable circumstances. Every care is taken to give you a profitable outlook but trading in stock markets can be risky and cause financial loss also. We do not take responsibility of any situation arising out of the outlook and recommendations here. Therefore, please use your own discretion!
We suggest homework with pen and paper to draw your strategy. Trading on the basis of this outlook is a matter of developing a habit so as not trade all the time and every time; or keep watching the screen round the clock, looking for a kill. Rather, find some other occupation that keeps you away from the screen from time to time.
Plan your ‘trade-setup’ meticulously after a diligent homework. Have no heart burn if markets are moving up and you were not able to initiate trade. There are many who are losing also in a rising market because of a wrong trade-setup initiated in an unplanned manner. You never miss the bus in stock markets as it stops by you again and again. Just plan ‘when’ to ride profitably. May be next week, or perhaps after 2-3 weeks; and even next month series.
Long term investing is always suggested and recommended. But this outlook is intended more towards swing trading, options trading and short to medium term investing. Yet, the given levels are relevant in any kind of trading or investing.
The levels given here are effective on “closing basis“. So, initiate or close the trade set up accordingly. Square off your positions well before the target and not wait for a precise hit of the target. Trying to take profit from the whole move between two points of a wave is neither easy nor a good strategy. But just aiming to book some easy profit between two points from time to time keeps you going in the markets with reasonable profits.
Those who are not familiar with derivatives may not trade in Futures and Options.
Wishing you a successful trading life!
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