Day Trading Stocks & Futures

"Respect Liquidity but dont trust it " ........Vallabh Bhansali of Enam Securities in CNBC interview yesterday.......it may vanish so quickly......he suggested that we should invest in fundamentally strong scrips and not in scrips which dont have fundamental merits but going up on liquidity......

Traders should use liquidity as long as it is helping them...once it reverses, a trader should say " Thank You".....
 
BHEL opened higher and trended upwards in such a rough market. It hit the upper circuit after 3 pm.

Dr. Reddy's opened slightly lower but had a short covering and made a strong close by the day end.

Both the above stocks closed near their respective highs of the day.
There is some positive murmurs on BHEL from fundamental perspective too... some developments which if manifest, can lead to re-rating...
 

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