Sensex technical View :
Sensex resistances are placed at 21100 and 21500 . Dips would face support at 20350 and 19700-19800 . Market should continue to remain sideways but the contribution of the rise or stability is due to few heavies so keeep a watch on ur portfolio and not indice.
Stocks to watchout for ;
HDFC bank above 1810 , DLF on dips for weekly ,
Its not necessary to trade everyday........So i ll cut short the reco thing today ..
Some old lines :
Below i have quoted some of the lines on trading and speculation written in the book of William D Gann, the only analyst and trader who was the tracked by New York times and had greatest returns ever...Gann Analysis being the most difficult analysis to understand ...
You must always put a stoploss to preserve capital
A small loss or several small losses can easily be made back with one large profit but when you let large losses run against you it is hard to get them back.
Remember when you are out of the market the only thing you can lose or miss is an opportunity.
The fear of the market is the beginning of wisom.
Never average a loss rather buy on the way towards profits.
The most important of all ( HUGE FNO traders and Margin traders. )
When you make a trade you should never risk more then 10% of your capital and if u have a few losses reduce your units of trade.
Some new lines :
"My first rule is not to lose money. Losing an opportunity is minor in comparison, because there are always new opportunities around the corner"
The opportunity of a lifetime must be seized during the lifetime of the opportunity
If you look around the table and don't see a sucker, then you are the sucker
TECHNICAL ANALYSIS SESSION ( batch zie less then 10 )
MUMBAI JAN 12-13 ( confirm ur seats as soon as possible )
BANGALORE JAN 19-20 . ( 2-4 seats left )
PUNE JAN 26 or 1 week of FEB tentatively . Interested people do get in touch quickly ...
Best Regards ,