Sunday, July 5, 2020

Market On Monday

  • Having observed the market data of the previous session , one thing is clearly visible that after five or six sessions FII's  has turned as buyer in the cash market. Anyone can take it as a good signal for trading in the long side though one should keep in mind the changing situations on LAC while trading.Corona factor has already been ignored. Many traders avoided to carry overnight positions due to uncertainties over LAC and Corona issues. After the previous session there is no negative development in global conditions. Till now it looks normal. In these conditions it is quite possible that market will open in green on Monday. But due to any other reasons if market opens in red specially the strong counters such as ADANI PORT, BEL ,BHARAT FORGE, BHARTI AIRTEL and BHEL also , it wil be buying opportunity. Apply your knowledge when you are going to take long positions. Avoid long positions in the above counters if it opens already in green. Observe these counters carefully for sometimes at opening of the market and if  these stocks provide discount , which may be anything else  around 1-2 % or even more or less depending on your prior knowledge of trade, make long positions and wait . Book your profit smartly when prices come into green. It is most probable that prices will come in green. Also one should ready to book losses , if events suggested above is not looking to happen. Normal conditions are needed for happening of all these events.




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