Thursday, February 11, 2010

Our Ideas work

Nifty may trade in a range before budget. It may keep its head above 200 Dma and trade in a broad range of 4650-4950-5000.

Some of our earlier ideas like JK tyres, Ajanta Pharma, GMDC,Rice Stocks/ Agri Commodity/ Mid Cap IT stocks are doing well.

Its all about identification of chart patterns from the buzzing sectors. But remember patterns do fail. This is where money management comes into play.

Successful traders always think about how much they are going to loose before initiating a trade.

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