WEEK ENDS......with happy note !!

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Friends,

Hi.

Wow, amazing volatility today !! Session ends in green and that too so high !! Within no time from red it rallied and in 40 minutes it was in 260 point up !! Have you calculated intra day volatility ? It was expected to be volatile but not so much ! The reason was short covering. The shorts which were built in last 3-4 sessions were covered as it was end of the week today and the traders did not want to carry the position over the week end. As such the market was oversold and it has risen at the close, the stochastic indicators suggest the sharp rise again , may be till the recent top of 15,580. It will rise beyond that if it crosses and stays above this top convincingly for 3-4 day, as I had said earlier too. Now bulls will dare to trade.

Beaten down stocks of worth are good buy. Shorts must be closed at this point.

Many of my fans several times convey me that they find trading such a high volatility very tough. They say that it is difficult to get my worthy stock tips in time as they have to keep the blog open and keep refreshing it or they get tips only when they open my blog. Many a times they want to ask me something they can not do that during the trading hours. They want my personal advise. Unhhh...it is hard as I am also busy trading for myself. But, surely I will think over it and we will work it out if we can be in touch through msn chat where at a time I can address many people. The timely action according to the market can be taken, then. Timing the market is very very important.

It is like running in the dark , trading this market without real time data and softwares. These things work as a torch and I will be with you holding your hand alongwith the knowledge of how to use them. Having a torch and holding somebody's hand , don't you think it is simpler to trade and gives more confidence too ? Yes, we will beat the darkness.

Let me know if you are interested,

Happy days are here again,

Wish you a happy week end,

Jagruti.