Wednesday, November 07, 2007

Looking to buy, pure timing no levels

Look to buy,
optimal day for btst is always session prior to muhurat trading.
volumes on muhurat trading are usually tiny but we always gap up.
almost a free 1-2%.

Res at 6000 nifty and 20k sensex were pointed out earlier. At 6000 I suggested shorting/hedging for most people. I myself have been shorting something almost every session for the past 5 sessions.
But today i'll look to play with a mildly bullish bias.
Keep in mind the buying is to be done with a goal of btst.
So buy towards the end of the session.

These days my bias is only 60:40 never 100:0.


The previous hedge IT sector/exporters were reccomended on the 31st of october.
CNXIT opened at 4800 on 31st and on 7th it closed at 4500
loss of around 6%
31st oct nifty opened at 5870 and on 7th nov it closed at 5773
which is a loss of around 3%.
So would a proper hedge have worked?
I think so.

1 comment:

Maya Aaliyah said...

Good Post Keep it up thanks for sharing the information.
How long do you plan to invest? How much do you expect to earn on this investment?

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