Wednesday 29 October 2008

Buy now, make money on long side: Sukhani

Sudarshan Sukhani of Technical Trends said this is a bear market, where every rally will eventually fizzle out. Whenever there is a dip, a trader should go for long side, rather than looking at short selling opportunities, as a bear market rally can be sudden and can go to a larger extent. So there is no sense fighting momentum.

One should take profits at the current levels, and do not expect earlier levels of 21,000 on the Sensex, Sukhani added.

According to Sukhani, one can make money on long side at these levels.

Source: Moneycontrol

Posted by Harsh at 07:26

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