This is a market in which you don‘t want to trade, you want to preserve your capital.
The premarket set up today is not looking good. The point here is very simple, this is not a market in which you are going to make money daily. This is a market in which the best strategy is -- unless you are a smart trader, you can get 30, 40 or 50 point intraday moves right unless you are that kind of a trader. This is a market in which you don’t want to trade, you want to preserve your capital.Get access to India's fastest growing financial subscriptions service Moneycontrol Pro for as little as Rs 599 for first year. Use the code "GETPRO". Moneycontrol Pro offers you all the information you need for wealth creation including actionable investment ideas, independent research and insights & analysis For more information, check out the Moneycontrol website or mobile app.
First Published on Sep 1, 2015 08:16 am