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

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DISCLAIMER: The author is not a registered stockbroker nor a registered advisor and does not give investment advice. His comments are an expression of opinion only and should not be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity, index or any other financial instrument at any time. While he believes his statements to be true, they always depend on the reliability of his own credible sources. The author recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions, and that you confirm the facts on your own before making important investment commitments.