Silver and Gold - Both precious metals are sparkling. But these gains did not happen overnight. These metals were in a trading range for many years. Then came a breakout and a number of rallies with sharp corrections in between. Each correction is an entry opportunity. Even now.
Rajvir asks: "Mr Sudarshan, do u know something else other than BUY ON DIPS ?"
Actually, rajvir, I also buy on breakouts, but I do not discuss this strategy on TV or this blog because I worry that amateur investors may rush in to buy at the very top. Buying on dips has the safety of low risk.
I am grateful to Rajiv Malik and KK for their affection towards me, which they have expressed through this blog. Thanks a lot!
Today's Times of India carries an advertisement that is selling some Canadian trading software with 100% accuracy. If this is correct, why are they selling this product at all?
As I write, the U.S. markets are on a big rally. This should have its affect on Indian markets tomorrow. No need to take short positions. Either go with the flow, or watch.
Today, I mentioned on Bloomberg Utv that PSU's may be developing as a theme. Just like PSU Banks, 18 months ago. BEL, Gail are just two names. You may like to do research in this sector, maybe identify some PSU's which are really dark horses.