Stock market trading at perfect range, says Anil SInghvi, reveals profitable strategy for investors

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As stock market continues to rise due to strong global and other cues, Zee Business Managing Editor Anil Singhvi has revealed the strategy that investors should adopt to make maximum gains. The Market Guru says investors should trade in a range.  “The market is offering a perfect range for trade,” he said and suggested to buy at lower levels of the range and sell at higher level.  

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He said everything is going good as far as Indian stock market is concerned. “A small slowdown in the market is a good sign. It is always good when market takes a pause and moves in sync.  Market is totally in the grip of bulls. It is giving opportunities to both who want go aggressive or those who want to make an entry. It is a very good trading market for everyone,” the Market Guru said.

He added that even Bank Nifty has touched a perfect range. Selling was seen around 30,800 mark in Bank Nifty and even the range remained 30,700 to 3,800 as expected. It also witnessed buying from lower side at perfect level.  

As far as little fluctuations are concerned, this is bound to happen as the market is trading near its life-time high, he said. There will be a little profit booking too, especially when global market is showing a sign of slowdown.  

“One should trade with a stock-specific mindset in the current market. Market is trading at perfect level, touching a perfect range, either it is on upper side or lower. So the market is also offering perfect range for both buy and sale opportunities and one should trade around the same range to make maximum out of the current level. The best way to do is to buy at lower level and sell at upper level,” added the Zee Business Managing Editor.

 

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