The Key Wins in the Stock Market- Learn to lose
One basic difference between a successful and unsuccessful trader is the talent to come clean with that at what time one is wrong. A successful trader will cut their losses before they will get out of hand. An unsuccessful trader will let their losses grow in the false belief that things will lift up.
One should determine his stop-loss point before entering a trade. Always remember that your stop-loss point ought to be decided so those prices with the intention of you are keen to sell your stock at should things turn bad. The price you make a choice will diverge depending on your financial position and the particular stock being considered.
MARKET OUTLOOK
UPA & Left meet on nuclear treaty and inflation figures in next week will likely to rule the market sentiments over next week.
The world is facing economical crisis due to higher commodities prices particularly crude oil and credit market losses. ``I should not expect any sharp rally until fall in crude oil prices’’
Nifty has resistance at 4,563, 4,590, 4,614, 4,643, 4,746 and 4,828, while the support levels are placed at 4,500, 4,468 and 4,370.
Sensex 15,350 is important level the market should sustain. Further on the upside 15,555 and 15,750 is the maximum target.
Trading Call
Buy Hotel Leela June Future around 40 for Target 45-48 Stop Loss 37.5
Buy Nifty June 4300 PE Around 45-50 For Target 90, 110,145 Stop Loss 25
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