The benchmark index has suddenly come alive this week after so much carnage. Trading is not the same as investing. One might go on trading from day to day squaring off their positions but investing is all about inflation in prices of a stock. Investing also entails a longer time frame and the profits reaped are in terms of percentages ie fractions. But at the same time they are less prone to risks as the technical patterns leave behind a trailing set of prices at which the stocks need to be bought inspite of falling prices. Trading on the other hand is full of heartaches yet reaps big profits. It is here that we advocate that if you chose to be a trader you must remember that you have to trade daily, every hour if possible, for your success on our guidance is mostly like throwing darts and the more darts you throw the more likely you are to hit money.
That being said, the day traders may go long in Nifty futures if he spot nifty trades above 8411 to book profit when the spot nifty hits 8437. On the flip side they may short the Nifty futures if the spot Nifty trades below 8395 to cover when the spot Nifty is at 8365.
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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.
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