February 2011
Hi,
Strategy suggested for January worked very sucessfully. You all could have gained a handsome profit. Congratulation to all for your gains.
For this month, now the market is hovering around Nifty level of 5400 which is showing some support. While I am writing this strategy, market is not showing weakness at this stage. Rather, both bulls and bears are now seems equally strengthened. Unless the weakness appears, (while Nifty plunging below level of 5400) it is advisable for not to for short sell or buy. Once upward or downward momentum is appeared, we will play on that way. If it is really a bear market rally, then market would stride towards nifty level 4900.
Choose beaten stock if market shows initialisation of downward momentum.