Monday Morning Market Musing - Fresh Innings

Good morning to all of you and we are beginning another week of activity but this week will be a short week as tuesday is a market holiday for Christmas. Thursday will be the settlement for this month F & O and so we have only 3 days for the settlement.

There will be lot of volatility due to rollover positions being high and at the same time there are lot of shorts built up. We will see gap up opening as shorts are covered on opening but again we see rollover positions bringing down the market. Those who want to gain in our market need to have two things which are a must. One is discipline and other is patience. If you lack either of these, you may not gain but instead loose your money.

There are many other factors like greed and fear but all these are part of the above two. Most of the investors attitude is to make some quick money but the real gainers will be those who have invested in a disciplined manner and also have enough patience to reap rewards.

Just to give an example : When i recommended GMR Infra at 160 in this blog, it really tested the patience and even went to 140. When sensex zoomed from 17K to close to 21k also GMR was not moving up but I just asked you to be patient. After few months, sensex came back but GMR started its up move and from 160 it went to 260 in less than a month. This is how one can make money with patience. Some stocks even test you for 6 months to 1 year but if you are confident in the stock then stay invested.

Teledata should most probably list this week as per the official communication on its website which says that it has got approval from NSE and BSE for listing. Wait for fresh innings to begin and we should see a good opening in new year.

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