As the Indian team was winning in Bangalore, another battle, fought from the morning was being won at the stock exchanges today!
This was a battle being fought by the “trend day” against all resistances and selling levels of the sellers.
Consider the previous selling points of 6192-6207 and 6148 being blown away by the “trend day”
” No target is too big for a trend day “
The trend day starts slowly generally with a visit to the previous day’s point of control. It is marked by a smaller Initial balance and gets into the “go” mode usually at the end of the first hour.
Have a look :
Higher Highs and higher lows define a trend day and you never take a short on such days.You get in early and ride .
We booked 220 points in the Bank Nifty today and some more in the likes of Axis bank, State bank etc purely through this “buy n hold” approach.
It’s every profilers dream to get into a trend day once in a while, ‘cos if you are on the right side of a trend day then you surely can make a difference to your trading account size !