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.
Wednesday, November 07, 2007
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1 comment:
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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