Gurvi says" surprised by your comments on Friday.You said to go long on this market....but from last few days you're saying to go short(every rise is an opportunity to exit)."
This was on Friday morning. The Nifty had opened at 4650 and number of technical inputs suggested a rally to 4700. The question on CNBC was: what should the trader do now: I said, buy. We saw a 50 point rally to 4703. The question was for an immediate day trading strategy. Also, sometimes it works, and, sometimes it does not work. In earlier posts, I have explained why following analyst comments may not be the ideal day trading strategy.
CNBC Awaaz has started a new show. On thursday, at 2 PM they asked me: give a Nifty strategy. I said (all numbers for June futures): go long now (4655) , keep a stop of 4610 and look for a target of 4700 - 4710 tomorrow. Now, the Nifty touched 4703. Did the strategy make money for the trader or did he wait for 4710 only to be stopped out at 4610 later in the day. So, these ideas are just that = ideas. If the trader does not apply his common sense, he is not going anywhere.
Frankly, if the trader practices, gains experience, he / she does not need any analyst inputs.