Wednesday, April 3, 2024

Knowledge based trading

Trading in  stocks   is not random.It is knowledge based.  There are many trades in the market for the next session i. e. on  29062020 .If market opens  down and counters of infosys,TCS,IOC open down after waiting sometimes one should make long position in these counters. It is good that downside be 1.5-2 % when anyone is making long position.It is very high probability that after sometimes these counters will be in green, the time one should book profit. Only risk in these trades that at present FII's are seller in the market otherwise there is no risk in these trades.The logic behind these trades that these counters are very  very strong to trade in next session.Other conditions should be normal.

Market next week

For next week one should focus on technology stocks because result season is going to start.Accenture has already posted results better than expectation.One should expect better results from major technology companies   particularly    from Infosys,TCS,HCL Tech, Wipro and others. Though the environment is very very uncertain due to COVID,it is expected that these companies will post extremely good numbers. Traders  should make long positions in these stocks for short times.TCS will post it's result first on 8th April and will set trends for others.Before results smart traders will definitely think when , where an how they can make profit . In these stocks smart traders will definitely make profit by applying their own strategies.Other sector is banking where traders should be watchful.