The Daily NH-NL Index has began to spike down. Sharp spikes
on the NH-NL gives advance indication that there are some stocks that are
pretty hot in the market, trade long in them and you are sure to make a big
buck. Whether it is a sharp spike or a turn down will be known in the next few
sessions. As of this Friday, the chances for the above mentioned hot stock
trades holds good. There are a slew of stocks like SUNPHARMA, BAJAJ FINSERVE,
DCM, GLENMARK, JKCEMENT, JKLAKSHMI, McLEODRUSSEL, POWERGRID, VGUARD, ZEEL,
ZEELEARN, BAJAJCORP and CEBCO in the watch list. Track these stocks for a valid
entry into long trade.
Nifty is at present is a shallow up move and has broken down;
these shallow patterns tend to test patience of participants. We should be
smart enough to capitalize on the better prospects these patterns give out than
fight it out with the index. Leave the Index to lurch on its own; we have far
greater opportunities in the stocks. By using this method one can easily beat
the Index returns. After all we are here to make money, so no sentiments and
emotions. If you value sentiments and emotions, then this is not the place to
be in, it will eat you alive. Be ruthless, make money when opportunity provides
itself and run at the first instance of things turning against you. Pocket your
gains, enjoy life.
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