market bullying/bearing or stable

#1
hi

after referring so many websites and discussion with friends i thought of investing in a specific manner. (indian stock market)
i will buy NSE points of 5000/- (approximate amount) and at the same time i will sell it.
apply the stop loss of 500/- at both purchase and sell.

i know i'll book the loss of rs 500 at either purchase or sell. but this is limited risk. if the market go bullying or bearing may earn in purchase or sell respectively.

i need suggestions for the pros and cons of this method. and also how to configure that the market will show variations or will be stable.

thanks & Respect for all
 

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