At the end of the market today I observed the data which suggest that FII's are consistently buying in the market. Among many signals FIIs buying is most important signal for a strong market.
It is suggested that one should take long positions for trading. In some counters one may carry long positions overnight and may book profit at market opening.Such counters are Asian Paints, M&M Finance, L&T Finance, Shriram Transport and Bandhan Bank.
If any of these counters open in red , it will be buying opportunity and opportunity to make profit on the same day.
Remember all the suggested events has very high probability and not the certainty of happening. So manage stop loss accordingly.
Thanks to all.
No comments:
Post a Comment