Anil Singhvi Stock Market Tips: Market Guru explains how to make money in current trend
Anil Singhvi Stock Market Tips: The stock markets have been skyrocketing and the trend is disquieting with many market participants worried about what they should do now and how they can make more money.
Anil Singhvi Stock Market Tips: The stock markets have been skyrocketing and the trend is disquieting with many market participants worried about what they should do now and how they can make more money. In this situation, Zee Business Managing Editor Anil Singhvi has some tips going forward for investors. The Market Guru said that zeroing in on or finding proper levels in current market is a tough job. Singhvi said the best possible option at the moment is for intraday traders to remain patient and take position only when their trading skills suggest that the level they seek is available. For positional investors, he advised to avoid overnight positions as depending on the US market is extremely risky these days. He suggested them to trade in cash stocks maintaining 'buy on dips' and 'book profit on every rise' strategy.
On his strategy for intraday traders Singhvi said, "In current market scenario, only highly skilled intraday traders are advised to take position as it's extremely difficult to find out exact level for fresh position. So, they should remain patient and take position only when they have full belief that their level is available in the markets. For those, who are unable to find their levels, it's better to remain out of the market."
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Advising positional investors to avoid overnight positions, the Zee Business Managing Editor said, "Positional investors who keep overnight position should avoid doing this for a few sessions till market is showcasing two-way trade and triggering stop loss of both bulls and bears. In fact, this is not the right time to depend on the movement of US Dow and other indices. So, it's better to square off one's position in the intraday and if not then go for the cash stock trade."
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उतार-चढ़ाव के बीच कैसे करें बाजार में ट्रेड... अनिल सिंघवी ने कहा- इंट्राडे ट्रेडर्स और पोजीशनल ट्रेडर्स के लिए तेजी बरकरार, हर गिरावट पर करें खरीदारी...
कैश मार्केट के शेयरों पर करें ज्यादा फोकस...#EditorsTake #Nifty #Sensex #NSE #BSE #MarketUpdate @AnilSinghvi_ pic.twitter.com/CK8iCupIEu
— Zee Business (@ZeeBusiness) August 7, 2020
On what should be the ideal strategy while trading in cash segment stocks the Market Guru said, "While trading in cash segment stocks, one should maintain 'buy on dips' and 'book profit on every rise' strategy because overall the market sentiment is still bullish."
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