The market continues to be optimistic and has yet again presented an opportunity to the mid term investors to balance their portfolio. It is but a common practice to hold those stocks which fell well below the price at which an investor bought it, in the hope that it will rise in future. A stock which is still languishing down below, especially when the benchmark index is kissing all time highs with consistent regularity, is a non-performer, and in a bullish market one must sell all such stocks even if at a loss and when market takes a breather, they may buy the stocks that we recommend from time to time in this space.
The intraday traders may continue to ride their longs and may even add more long positions with stop loss at 6958. However they may book successive profits at 7063 & 7118.
The short-term traders may too ride their longs and add more in case of weakness, if any.
(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)
The intraday traders may continue to ride their longs and may even add more long positions with stop loss at 6958. However they may book successive profits at 7063 & 7118.
The short-term traders may too ride their longs and add more in case of weakness, if any.
(Feel free to write to us for our free advice regarding the stocks which you already hold in your portfolio. Kindly send the quantity and price at which you bought the non-performers. Much better, subscribe by email. It is free. And, what is more, we do not disclose your IDs or portfolio.)
Disclaimer: The writers of this column do not personally hold any stock or position in the F&O market and do not intend to benefit in any way by publishing this column. The final discretion is that of the reader and we disown any responsibility for any loss incurred by the reader.
No comments:
Post a Comment