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A good recovery ..
Today was a another day full of volatility, that market opened on a weak note and slipped down and then Market rallied in the afternoon session and were able to closed at highs. Stocks related to IT, Realty, Power and energy out performed . Mid cap and small cap stocks also rallied.
It was good to see the Shanghai market being closed on positive not after being hammered down for quiet some time..
It was good to see the crossing of some emotional barriers and ate area 5100 is very crucial . This happens to be level near 200 day moving average where conviction may return. If Nifty is able to close above it consistently we may see a good time ahead.
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Money management comes in place before Trade then only Trade management left with you.Just like you prepare your suitecase before boarding the train.Once you are on board it's just a matter of time where to jump out of the train.
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