We kept our rule very simple.
We identified that its a bull market and did what one should be doing in a bull market - buy on dips.
Trading should not be based on too much analysis as too much analysis leads to paralysis.
Today is time to book profit for weekend . Our ideas about PSU bank- Dena and Allhabad bank , Biocon , Nagarjuna Const, JSPL worked well.
For next week some of the swing trading ideas are;
BHEL Support 2140 , resistance -2360/2530,
SAIL - Support 156 , resistance 180-195.
GSPL- Support 80, resistance 100-110
Trading is fun only if your monthly expenses are not dependent on it.
Have a nice weekend ahead.
Friday, November 6, 2009
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