Readers, 28 Feb is both budget and expiry day and be ready for high volatility Also it is impossible to predict tomorrows market. So I recommend readers not to trade heavily tomorrow since SLs will be hit on both sides. Those who still want to trade, please keep 1 open position at a time.
1. Tata Steel - Go long above 354 maintaining strict SL.
2. L&T - Go long if the stock is above 1400, SL will be 1380. Below 1380, L&T is a sell.
I would like to avoid trading in banking stocks tomorrow, though I will have SBI and ICICI in my watchlist.
1. Tata Steel - Go long above 354 maintaining strict SL.
2. L&T - Go long if the stock is above 1400, SL will be 1380. Below 1380, L&T is a sell.
I would like to avoid trading in banking stocks tomorrow, though I will have SBI and ICICI in my watchlist.
What to do in case the market is choppy and whipsawing ?
DO NOT TRADE
What to do in case of a rally ?
Pick up any of the pivotal stocks which is consolidating after an upmove and tending to breakout from the consolidation and go long. L&T could be a good candidate for this.
What to do in case of a sell off ?
Pick up any of the pivotal stocks which is consolidating after a downmove and tending to breakdown from the consolidation and go short.
Some of my favorite pivotal stocks are - Tata Steel, ICICI Bank, SBI, L&T, Reliance and Infosys. Wish you good luck.
Some of my favorite pivotal stocks are - Tata Steel, ICICI Bank, SBI, L&T, Reliance and Infosys. Wish you good luck.
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