Mar 20, 2017 03:26 PM IST | Source: Moneycontrol.com

Buy dips and consolidations

This is not a market in which you will make money intraday at least trading the Index, but this is the market in which if you take position and then hold and then add if the market gives you a decline.

Today is Friday and the market has run up a lot, so this is still a market in which you buy probably today is the day you buy because today the market will give you consolidation or maybe intraday dip. You don’t want a market like yesterday where it opens with a huge gap-up and through the day sustains like that and you don’t get time to buy.

This is not a market in which you will make money intraday at least trading the Index, but this is the market in which if you take position and then hold and then add if the market gives you a decline.

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