Good day,
We have received feedback from participants for our Diff preview on 22nd Aug that Diff is meant for Futures but not stock.
Well, the truth is Diff works BEST for stocks since the market is unlikely to swing up and down to trigger your stop loss!
We trade to win NOT trade to trade
Hence, we look at the index to increase our odds of winning!
My take:
- US market is likely to end lower today on profit taking resulting in JKSCI to gap down slightly
- Should JKSCI gap down, it may rally up in early trading and may see 2395 (UB) before coming off.
- Should it trade below OP, profit taking is likely to set in.
- Hence, those who are long into stocks should ensure that their stock portfolio should at least be trading above OP to be on the safe side.
Good luck!
CK
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