Recommendations for the Week – 16th Dec., to 20th Dec,2013.

December 15, 2013

Recommendations for the Week – 16th Dec., to 20^th Dec,2013.

Market Mood:-

Our call was on Dot….we told that market will go down…our clients booked profit on Call 6200 to 6500 and bought the put….no need to tell we made tons of money.

We see the market will continue deceptive behaviour in the coming week also. We will sell below 6180.

If you need real time guidance, do approach us.

Our Trading Calls:-

Buy Tata Motor DVR above 191. Stop 185. Last close 190.95. Tgt 194/199/205/210.

Buy HCL tech above 1190. Last close 1184. Stop 1050. Tgt 1230/1255.

Buy NMDC Above 141. Last close 138. Tgt 143/145/147/153/159/165. Stop 135.

Flexibility:-

Flexibility for the trader to move with price action is the key to successful trading. You can be rigid with your rules and risk management but you must be flexible when it comes to how the future plays out in price action for any market or stock. It is not those that predict the future that make a lot of money in trading but those that react to what is actually happening that are able to profit from price action.

1.   The ability to change your mind and reverse your trade in the other direction when proven wrong is a powerful trait.

2.   The ability to admit you are wrong and take your stop loss can save your account.

3.   Put your ego aside and look at what is happening not what you believe should happen.

4.   Trade price action not your opinions.

5.   Always realize the markets are bigger than you are, they are always right.

If you follow the above 5 points….you will always be a winner.

Have A Nice Week.

Hitesh Parikh.