Nickel just touched support trend line and jumped upside in last trading session! And also small support level 558.5 is a little far away. Do you think, nickel will remain in the downtrend this week or go upside?
What had I written about MCX Silver and NCDEX RMSEED & Coriander in the previous newsletter? First, click here and read it now.
What I said
SILVER: I have to say, write, 38300 level somewhere. If Silver close below this level then you will see 38000 – 37500 – 37000 below levels in the upcoming day.
CORIANDER: No Mixed Opinion & No Confusion: Direct Commodity Trading Decision for Coriander
Targets: 6260-6170
RMSEED: If Rape Mustard Seed (RMSEED) will close and cross 3722 level then sell without any worry!
Targets: 3670
Did you know, Silver touched the 1st target and just missed 5 rupees yesterday to hit the second target. Coriander touched all targets and Rape Mustard seed is on the way!
Now the big question,
“Silver will touch 37500 and 37000 targets?”
I was saying sell silver from last two weeks. Check out my previous newsletter: click here
…But today, I don’t think we should sell!
I have to say, write, 38300 level somewhere. If Silver closes below this level then you will see 38000 – 37500 – 37000 below levels in the upcoming day.
If there is no negative in market then, nifty future will not break down 9333 and easy to see 9400 above. Most of the traders will act on buy side with risk of 9328.
it looks like it could be a 9400 +, therefore the intraday might trade with using of stoploss. You can try intraday for above targets.
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What had I said about Silver? If you forget it then click here and remind now…
I had said, “If it (silver) will crossover and close below the 41160 level, then you can sell for 40952 – 40760 levels.”
The day before yesterday silver was closed at 41129. Yesterday it started moving down and touched all targets!
I hope, everybody enjoyed FREE tips.
What had I written about Crude oil? Again, click here and read it now
I had said, “Crude oil will hit 3170 – 3140 levels soon”.
Yesterday crude oil made low 3156. The first target has been achieved and crude oil at 3183 level.
Do you think, it will hit the second target too?
A mutual fund house selects many stocks from different sectors and 
creates a balanced portfolio. This diversification helps mitigating risk, but it also polarizes your funds. Once a sector gets hit, the total fund value comes down. You cannot choose to shift away from these stocks and have to wait till it gets better. It is always wise to select a bunch of stocks yourself and bet regularly. There are more than, 7000 stocks in BSE & NSE combined. It is like searching a drop in an ocean, tedious but possible. There are several factors on which a stock is screened before qualifying it as a potential multibagger. Given the technological tools we have today, it is a lot easier than it was a decade back. Before searching for a multibagger we must first decide on our risk capacity.
Ask yourself two questions:
How much can I save from my monthly income?
How much can I save from my monthly expenses?
Spend more time on the second question. Make no mistake, I am not asking you to decrease expenses. Just add a little more to your expense each and every time you spend. In other words, tax yourself. Transfer a percentage of the total expense to your trading account (call it an iTax, myTax or whatever you wish) but do it for every transaction you do. It might sound crazy, but believe me, it works wonders! You can either invest this taxed amount in certain stocks or use it as a risk manager when your stock trades lower than previous highs.
Now let’s search for the drop. Our ocean is made of different sectors and all these sectors are dependent on each other in one-way or other. There is no fool-proof way to find an ever bullish sector. Instead, find a visible problem the world is facing today and the sector which is directly related to solving the problem. For example, pollution is an alarming issue throughout the world, and it is only getting worse day by day. Many governments have already started taking steps to control pollution in every possible way. Hence, we can find a stock which deals with pollution control. On the same lines is cybersecurity. Every business is online and all need to be safe. Companies which offer cybersecurity are going to be in demand, hopefully, in the near future. Next challenge will be to square in on a stock in this sector. That is where fundamentals of a company come in handy. Look at few important factors like Market Cap, Book value, P/E vs Industry P/E and Dividend yield. Check the financial trend of the company. Many growing companies report negative net profit but their net sales might still be increasing which is a positive sign. Above all, this is the credibility of promoter group; make sure you have read their activities in the market. Continue reading