It was a lacklustre day of trading yesterday and early signs off the open this morning calls for another dull morning of trade at-least in the first half.
I’ve been doing a lot of background research for Vtrender2, particularly for our swing trading and positional requirements. I’ve noticed that Financials have been strong and the energy sector is a dip buy candidate. We have already taken a position in Reliance.
We’ll carry this theme of sector rotation in Vtrender2, where within the sector, we look at the best candidate to take our position forward.So we get a win out of money moving in the sector as well as our technical analysis of the stock in that sector.
Vtrender 2 will be live from Monday-9th August and the subscription link will be on tonight.
Coming back to today’s trade, let’s look at an auction above yesterday 5443 to chase longs. Shorts have been ineffective, so we stay with the dominant trend which is actually side-ways, but borderline up.
Trade smart and quick.