Tips to survive a Stock market Correction.

We saw that markets corrected lately and this was a big cause of concern every where. Recession was googled every now and then. "Recession" has become a buzz word now.
There are people how booked profits when the markets were at all time high and there are people who have not at all booked profits. So the idea being is Invest Smartly. Why cant we be one among those who booked profits at a higher levels.
It is said that "no one can ever buy at a bottom price and no one can ever sell a highest price , it can only be done by liers."
As I always say don't forget the Newtons law of Motion - Every thing which has gone up has to come down one day.

Here are a few ways to survive a stock market correction -

1. Don't Panic - Panic is not the solution to this. Instead invest wisely.
2. Don't indulge in frequent buying and selling - Frequent buying and selling wont give any thing accept a huge loss.
3. Stock Market recession should be seen as an opportunity. Recession is always termed as an opportunity as things are available at a cheaper rate.
4. Don't follow peoples advice where investment is concerned. Try and figure out things on your own.
5. Be confident in your decision. Make decisions after a detailed study , don't make any harsh decision.
6. Stop following even analyst and also stop following their crazy tips. They give tips of rs 1 stock which will become Rs 20 in a year or so a 2000% return. Fake , stop trusting them.
7. Don't look at your portfolio every now and then. This will give you nothing accept tension.
8. Being patient is a key to success.
9. Diversifying your portfolio. Recession is the best time to diversify your portfolio recession is the best time as things (stocks) you always loved are available at a dirt cheap rate.

You would love to read this.
Eight Things to do during recession.
Seven reasons to start a business during Recession.

The Post was originally published by Chirag Jethmalani on www.Squamble.Com

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Market outlook and Intraday tips for 22nd Jan.

US markets rallied . Obamas Effect.
Europe markets ended flat.
Asia has opened mixed.
I expect Indian Markets to open flat to positive.

The target for the Sensex is 7850 and the resistance to the up move is at 8940-9075

Nifty: (2706) the target for the Nifty is at 2686-2500 and the resistance to the up move is at 2758-2779

If we have a gap up opening , markets will not be able to sustain all its gains.

Day Trading Ideas.

Reliance Ind.

Buy above 1125 for targets of 1131 and 1136

Sell below 1109 for targets of 1103 and 1097

RNRL

Buy above 50.45 for targets of 51.20 and 52.50

Sell below 48.10 for targets of 47.25 and 46.50

Unitech

Buy above 30.10 for targts of 30.90 and 31.65

Sell below 28.50 for targets of 27.45 and 26.90

Happy Investing.

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