Share Market Today

MARKETS CONTINUE RALLY AFTER BRIEF CORRECTION, BANK NIFTY CONTINUES ITS OUT PERFORMANCE; NIFTY RETURNS TO IT’S TRADING RANGE BETWEEN 7500 TO 7750; AFTER A PROCESS OF CONSOLIDATION NIFTY MAY TEST PREVIOUS HIGHS OF 7800.

Take Profits in the Bank Nifty, consider buying the CNX IT if it opens cheerful (higher or at par with today’s close). For the Nifty, you may like to watch the early morning action and take profits at least partially. 

Up move continues in Bank Nifty. Prices have come back in its trading range inside 14900 – 15700. Short Term Trend is up and we should look for a buying opportunity here. Above the next resistance comes near 15600 -15700. 

CNX IT is now holding its support at 9750. A short term resistance is now coming at 9900. It seems that the IT Sector may start an up move from this support. A breakout above 9900 will be first sign that the sector is going to start an up move. Look for a buying opportunity in IT Stocks if this breakout occurs. 

CONSTRUCTION Sector has seen a deep correction and prices are now finding support at the lower levels. Prices may begin an up move from here. We should look for buying opportunity in this sector. Look for a buying opportunity in DLF, HDIL and IRB INFRA.

      
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How patience and analysis play a major role in the market?

Basic information of the share market and getting the perfect time to invest in the stocks both plays a very important role in the market. You need to clear all your confusions that you have on your mind about the shares and stocks present in the market.  If you think that investment in the stock market does not require any research then you are wrong. You have to make the best efforts to know how you can earn good income by selecting the right stocks from the market. It not only requires oodles of patience and discipline, but also a great deal of research and a sound understanding of the market, among others. 

 If you find that you have committed a small mistake in the market then you would have to risk all your money. So it is best to get some time to know the market well so that you are able to research on the different available stocks. You have to look at the market conditions before you wish to invest your money. If the market condition is not favorable then you should avoid making any investment in the market. Things are not very simple to earn good profits and if you make a simple mistake in choosing the stocks for you then you would have to bear a huge loss in the market. You should try to know how patience and analysis play a major role in the market. 

Try to analyze the different stocks

You should be able to differentiate between the profitable and the non profitable stocks in the market.  When you are sure that the stock that you are willing to invest in the market would help you earn good profits then you can invest your money. But you should be aware of the fact that there is always an element of risk that is present in the share market. If you are able to tackle the risks and get the right stocks then you can get rid of your losses. You can read books on stock market or even watch the daily business news where you would be able to get yourself updated on the market. Sometimes you might find that you have lost much of your money in the market but this should not make you think that you would always be unsuccessful in getting the profits from your invested stocks. So try to have some good confidence while investing and also do try to take the best decisions so that you do not have to lose any money in the market by choosing the non profitable stocks.

Keep yourself away from fraudulent websites

You might be interested to go for online share trading in the market. Well this type of trading has become very popular amongst the investors who are able to save much of their time as well as money. This is because one does not need to go out from their place to invest in the stocks in the market.  But you have to know that there are some websites that are not genuine and these websites try to adopt fraudulent means by taking into account all your banking as well as credit card details. So if you happen to give all the details to these websites then you might have to risk all your money. So try to play safe in the online stock market by getting hold of a website that is 100% genuine. It is best to research well on the different websites so that you can know which website would be the ideal one for you to buy or sell stocks online.

Look for your goals during investment

You have to know which type of investment would be the best for you in the market. If you wish you can choose either short term or long term investment in the market depends on your requirement. So all you have to do is to get the perfect timing to invest yourmoney in the market. You would be glad to find that you have taken the best decision to invest in the right or the profitable stocks for you. Thus you have come to know how patience and analysis play a major role in the market.