Both Fundamental & Technical Analysts are the best for day trading and long term investment.
Let me give you the recent example:
After the LIC Housing Loan scam hit in news, the market fell down sharply and mainly the realty stocks touched new year bottoms. We gave a sell call based on news In 'CORE PROJET' near 240 and it fell down to 150 level .We covered short and also double bought based on fundamentals. it is worth to buy&hold for Rs.150..Same day it gone to Rs.250 and we sold it fully.
Many of our clients sold 100 qty- at Rs.243 and bought at Rs.155 and freshly bought at Rs.147 and sold in Rs.235 level.We made a gain of 88+88=176 points in intraday itself.The net profit in Intraday was 100X176=Rs.17600/-
We sold it, based on technicals and bought it based on the fundamentals of this stock.Thats what we used to insist buy value based stock at right time.We had an opportunity to buy at low &sell at high in core project..This may happen once in a blue moon,the investors need to wait like a 'Crane' which used to wait on the running water standing in one leg to catch the 'fish'. Even now the Current market price is around Rs.310.So what i say here is,both are good at its own way. it is upto the analyst who apply it in day trading.
Crude Oil December expiry has jumped almost 2 percent at $ 44.13 a barrel.
ReplyDeleteBrent Oil December future has also climbed more than 1.5 percent at $ 45.15.
Natural Gas December delivery has added almost a percent at $ 2.775.
Crude Intraday Tips