DSEX from May to September

Historically,index has higher chances to rise anytime from May till September. This time slot is the best time for getting involved in trading in DSE! June(at the beginning of June) is however not that ‘good’ month in DSE. Index usually gets slower during this time;may be,because of Budget issue……!

Things have been a little gloomy this year for DSE. Index has been falling since Dec/2017 and till today(last day of May),index has been losing every month! That means,index is down and has been lossing its points for six months in a raw! This is interesting. Here is how much index has been losing every month(in percentail basis):

Dec/2017: -1%
Jan/2018: -4%
Feb/2018: -3%
Mar/2018: -0.1%
April/2018: -2%
May/2018: -5.5%

 

Above data shows that market has been pretty gloomy during last six months! It is therefore wise to take the next step to enter the market very carefully. We should be negatively positive about the market! 😀

Index is trying to stop its fall at a support level,making things more confusing and interesting at the same time. We have seen ‘buys’ last couple of days in many stocks. May be,it will be clear within next week,what the heck index is actually trying to show! Well,after all,just because ‘buys’ happen by some big guys doesn’t mean,things will become bullish. No………Overall market has to be ‘bullish’ at the same time!!

It takes considerable ‘struggle’ and strength for a reversal to happen. When a stock or index goes from bullish to bearish or bearish to bullish,it needs enough strength and time to do the reversal….This time or point of index/stock is crucial. But when the stock/index sets its motion or start its trend,things become smoother and stable…..

 

Better to wait and watch carefully some more!!