What we saw on friday is a rare phenomena. 4 days earnings getting wiped out on 1 day is not something which is common. Adding to the fuel news channels , analyst , FII's have suddenly felt that this market is moving for a dooms day. So what is there for traders like us in this market ?.
As a trader one thing we have learnt at tradingkamai.com a hard way, is remain immune to downs and ups in the market. The downs and ups exist thats why we traders make money. Watch out actions near support lines , identify patterns , wait for confirmation for those patterns, ride those trends , make small profits and exit. If its a bad day let stop loss keep you alive.
So as trader i will watching for support line actions near 5500 and if that breaks the next watch point would be near 5200. Let see what happens on Monday....
See syllabus for Technical analysis training in Mumbai,India.
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Please read our disclaimers before investing http://tradingkamai.blogspot.in/p/disclaimer.html
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