Take Holistic View…

You believe that if Nifty is doing well than stocks should perform well. I am asking you because, generally, whenever I meet with my friends or market person, they simply ask me “Kya Dhyaan” (what’s my view) and I have to say about view on major index Nifty or Sensex.

Unfortunately, due to some other commitments I am not getting time to look at other charts, but today I got a chance to look at some equity charts. As I started, instantly few thoughts clicks in my mind. I saw few charts, which are outstandingly outperforming major Index and they are highly traded, now if I build my view on equity market based only on Index than in practical I am doing a wrong thing, because these stocks are doing exceedingly well. Also keeping above things in consideration, there are some other stocks, when Index was rising, at that time they were laggards.

To trade the market you have to take holistic view. You cannot base your judgment looking at only one chart of Index or your favorite stock.

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