Unable to pull the trigger

[jain.er]

Made good profits in my delivery based trades...
I guess Intraday is not easy.. need to work more in that field...

 

[jain.er]

Oberserved one important thing about the market.

In the face of liquidity and new TA dosnt matters.
Last week few of the pharma counters showed very good breakouts like Ranbaxy, auropharma etc.. but with QE3 and government actions defensives like pharma and IT are now out of flavour and those sectors like Bank which were looking weak are now on the strong wicket.

So its necessary that together with TA one has to look at news, market mood etc to make profit...

Had one shorted defensives and bought bank on Friday morning one cud have minted few bucks and that was pure commonsense and nothing more....

Opinions invited...

 

[DanPickUp]

Nice to hear that you made some buck. News like the one from Bernake to print more money for the US economy influence the market for sure. Including such news in trading decisions makes a lot of sense.

Well done and please move on with your common sense. :clapping:

DanPickUp

 

[jain.er]

Quite any easy day to mint money
Shorted Pharma in the morning ...no TA just common sense...sometimes it works