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Ride the wave

Trade cautiously and make use of the momentum. To make profits one must make proper use of stop losses, otherwise paper profits could turn to losses

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The week gone by till expiry day on Thursday was virtually flat, but last Friday was a completely different day. The last day of the previous week and the month of June saw the best single day performance for the calendar year 2012. The SENSEX gained 439 points while the NIFTY gained 129 points. The BSESENSEX gained 457.47 points or 2.70 per cent to close at 17,429.98 points. The NSENIFTY gained 132.85 points or 2.58 per cent to close at 5,278.90 points. The broader indices like the BSE100, BSE200 and BSE500 gained 2.64 per cent, 2.66 per cent and 2.59 per cent respectively. The BSEMIDCAP gained 2.39 per cent, while BSESMALLCAP gained 2.13 per cent.


Illustration/Amit Bandre

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