I agree with Rishika and Akhil, we need to do some research and blue chip shares are good. They are safe. But would like to know is there any short term (IntraDay) trader here? I would like to know the strategy behind that, I know it's very risky but it's fun ya.
Kinetic Motor is going down from a long time now.... its running on around 31, all time high was 120+... any idea about its behavior in near future?
would ne1 plz explain me the follg terms that appear in ET indices page daily...have scratched my head long enough thinking about them on my own to continue doing so....
1. ET Indices
ET100, Mindex, Lifex, Brandex, Textiles, Rain INdex, Instanex Skindia
2. Stock Indices
BSE 100, BSE smallcap, BSE midcap, BSE IT, BSE PSU, BSE Bankex, CNX Midcap
tc all
Hey i dont know abt all these indices..but Instanex Skindia is the index on Indian ADRs and GDRs which gives ya a coprehensive report on the Depository Bid price, change over the previous day's performance, prm / disc to local (performance of a shre in foreign mkt vis a vis indian market).etc... lemme know if this reply sufficed
Dhaval Patel SaysKinetic Motor is going down from a long time now.... its running on around 31, all time high was 120+... any idea about its behavior in near future?
I dont think anyone should go for Kinetic Motor
The company is into loss for quite some years now
Look at the volume of traded shares
Volume of 2400 shares in BSE n 800 shares in NSE itslef tells the story
Also,all time high rates give very wrong signal.
Better look at opportunities in Bajaj Auto if you want to invest in 2 wheelers sector. The company is demerging into auto and finance business.The business is doing great.The profits are high.Future looks bright.Huge cash reserves.
hey Dhaval in reply to ure post for intra day trades..i might be of some help cuz along with being a long term player i also do a lotta intra day..
i play the intra day game thru options..like for example today..when the markets wre in teh 3800 range, i bought a call-a right to buy..with a strike of 3900 for premium of Rs. 30..and then saw the call go upto Rs. 41 when i sold my call off in like 2 hours makin a neat profit of (41-30)*50...this is solely an intraday play and teh returns earned are also in a few hours!!.
However, this was cuz i had a view and felt the markets will be flattish to moderate bullish since the news tat today's ET carried bout FII's being allowed to short sell, though already factored in by the market earlier..wud have a small impact again today as it refreshed the publics memory...so i bought a call..
before u invest in options or futures..my suggestion to u wud be PLEASE ustand the instruments well and dont listen to others views on the markets since they are not the ones puttin the money in..also try to avoid SELLING options since they call for margin payments and is actully an obligation and not a right..see please understand this instruemtn cuz its very good for intraday..
for long term..my take wud be PNB,syndicate bank for the banking sector
Hey Rishika, thnx for the post I haven't started trading yet
I m still in requirement gathering phase 😃 right now I m trying to choose my target sector and scripts.
Any suggestions for intra day n long term???
I think we need to use this thread more frequently to share some quick tips
Inputs are always welcome
I m still in requirement gathering phase 😃 right now I m trying to choose my target sector and scripts.
Any suggestions for intra day n long term???
I think we need to use this thread more frequently to share some quick tips
Inputs are always welcome
my advice wuld be not to enter the intraday market right now
intraday are always risky and when markets are so much volatile,its even more riskier..first gain some experience in delivery based trading
for long term the telecom companies like Bharti Airtel n Reliance Communications both are good.
Particularly R Comm has good scope
Lots of story in it,the telecom space is hot...74% FDi allowed recently
they hiving off their tower business into a separate company for better valuations
also,their subsidary FLAG telecom is supposed to list @ LSE
their broadband business it growing very fast
Does any1 have concrete news regarding FDI inflows of somethn like $5.2b somethn?...
Very imp 4 me to know...Coz that SEEMS to b 1 major reason y the rupee has appreciated so much this week..Part of the reason y the markets have rebounded this week could b attributed to that piece of news as well...
But I m still searching 4 cnfrmd stuff...Imp 4 me to know...
Any1 with exceptional googling abilities?
Does any1 have concrete news regarding FDI inflows of somethn like $5.2b somethn?...
Very imp 4 me to know...Coz that SEEMS to b 1 major reason y the rupee has appreciated so much this week..Part of the reason y the markets have rebounded this week could b attributed to that piece of news as well...
But I m still searching 4 cnfrmd stuff...Imp 4 me to know...
Any1 with exceptional googling abilities?
As per news, the corporate advance tax payment has made the rupee appreciate so much, Corporate India has paid around Rs 40,000 crore as advance tax and that has made liquidity crunch in the economy.
The banks started selling dollars for rupee and that made the rupee appreciate.And the call rate has jumped to 22% from 6-8% normal time.
Also,analyst saying that as Indian companies are taking more loans abroad,rupee is appreciating and can appreciate further thereby making indian exports less competitive.
Large appreciation of rupee cannot only bring uptrend in market,the rupee has appreciated a lot, so expect the central bank to come into picture.
As i think,One major reason for market rebound is upcoming corporate results
As per news, the corporate advance tax payment has made the rupee appreciate so much, Corporate India has paid around Rs 40,000 crore as advance tax and that has made liquidity crunch in the economy.
The banks started selling dollars for rupee and that made the rupee appreciate.And the call rate has jumped to 22% from 6-8% normal time.
Also,analyst saying that as Indian companies are taking more loans abroad,rupee is appreciating and can appreciate further thereby making indian exports less competitive.
Large appreciation of rupee cannot only bring uptrend in market,the rupee has appreciated a lot, so expect the central bank to come into picture.
As i think,One major reason for market rebound is upcoming corporate results
Gud analysis Akhil....
Adding to that..one of the reasons for market rebound was due to the statement by Fin. Minister...that liquidity crunch of banks would end soon...wid the increase in public expenditure by the govt....dis was one of the main reason y banking stocks in particular shoot up...
hey dhaval..
wht do u do?> are u a trader by any chance?
hi Rishika....Wat do u think of d market at dis point...i mean 2 say 4 tradin in futures n options..?? r u bullish on market..?? is it worth buyin a nifty call of stike price say 4100 for April..
I personally am bearish on the markets for next 2-3 months.. 10-11K levels may get tested.. however, the saving grace could be GDP numbers, inflation rate n some really good set of quarterly numbers by the Indian corporate..
An appreciating Rupee is a major cause of concern for exporters (including IT).. crude is also on the rise since last 2 weeks or so, another potential spoilsport..
srk4u Sayshi Rishika....Wat do u think of d market at dis point...i mean 2 say 4 tradin in futures n options..?? r u bullish on market..?? is it worth buyin a nifty call of stike price say 4100 for April..
hey SRK...
honestly if u ask me i wud not recommend a call with a 4100 strike for the simple reason that 4000 is a very strong psychological resistance and one can see an upswing only if the mkt wre to cross this barrier which is unlikely considerin the inflation numbers are not changing and the monetary policy to control currenct rates and inflation are also provin ineffective. in this light i wud say eithe don invest or if u wanna dependin on the premium its advisable to do a straddle..ie buy a call and a put at the same strike price. though the intial outflow would be high about 5k odd, the strategy is bound to give u a profit irrespective of the movements in either direction..once it crosses ure break point..
u can also invest in futures though tht is an even more expensive proposition since margin money is invloved. gimme a day..will see the OI change in nifty today at teh end of d day since its expiry day today and will revert to u with my opinion of the future movement..
DISCLAIMER: all these opinions are personal and subject to market risks.Please read the disclaimer carefully before investing.;););)
hope iv been able to help. bottomline..im still bearish..
hey SRK...
honestly if u ask me i wud not recommend a call with a 4100 strike for the simple reason that 4000 is a very strong psychological resistance and one can see an upswing only if the mkt wre to cross this barrier which is unlikely considerin the inflation numbers are not changing and the monetary policy to control currenct rates and inflation are also provin ineffective. in this light i wud say eithe don invest or if u wanna dependin on the premium its advisable to do a straddle..ie buy a call and a put at the same strike price. though the intial outflow would be high about 5k odd, the strategy is bound to give u a profit irrespective of the movements in either direction..once it crosses ure break point..
u can also invest in futures though tht is an even more expensive proposition since margin money is invloved. gimme a day..will see the OI change in nifty today at teh end of d day since its expiry day today and will revert to u with my opinion of the future movement..
DISCLAIMER: all these opinions are personal and subject to market risks.Please read the
disclaimer carefully before investing.;););)
hope iv been able to help. bottomline..im still bearish..
haha..ne1 seein the markets..at the cot of gettin a lotta fire from all the bulls, i must say a lot of us had already expected that..with the CRR hike news on friday with the inflation numbers and the cost of capital increasin.;.this was inevitable..only sad part is it happened SO fast as soon as mkts opened that many of us cudnt take advantage of teh news and create a position..
a good suggestion...buy a call at 3700 strike and sell a call at 3800 strike..net outflow=bout 2000 bucks..possibility of upside..theoritically unlimited...!
3700!!!!! what are you talking about Rishika??
PS : Plz forgive my ignorance....
3700!!!!! what are you talking about Rishika??
PS : Plz forgive my ignorance....
dude wht ure seein is a freefall mainly caused towards the end of the day by margin selling pressures..(hpe u knw wht that means). thisa fall will continue for a while but i stil see some recovry towards the end of the month. besides tho long term is stil bullish im talkin bout mid term wher recoveries are bound to happen..CUZ..the market today has short sold i.e. sold without buyin which means they have open positions in the sold category which they will HAVE to square off sooner or later indicatin they will have to buy back which wil take the markets a lil higher than their current levels..this is a correction not a consolidation..
have a look at the OI figures..they have increased TREMENDOUSLY since yesterday whil the prices have fallen significantly as u can see..this only means ppl have sold short n will have to square before end of month...wht say?
3700!!!!! what are you talking about Rishika??
PS : Plz forgive my ignorance....
dude wht ure seein is a freefall mainly caused towards the end of the day by margin selling pressures..(hpe u knw wht that means). thisa fall will continue for a while but i stil see some recovry towards the end of the month. besides tho long term is stil bearish im talkin bout mid term wher recoveries are bound to happen..CUZ..the market today has short sold i.e. sold without buyin which means they have open positions in the sold category which they will HAVE to square off sooner or later indicatin they will have to buy back which wil take the markets a lil higher than their current levels..this is a correction not a consolidation..
have a look at the OI figures..they have increased TREMENDOUSLY since yesterday whil the prices have fallen significantly as u can see..this only means ppl have sold short n will have to square before end of month...wht say?
3700!!!!! what are you talking about Rishika??
PS : Plz forgive my ignorance....
Dhaval..another thing i missed out on telling u..
i had recommended the straddle at 3700 strike when the markets yester wer a little above 3700 if u remember. as per the strategy one was supposed to buy a call and a put. yesterday itself the mkts tanked to 3600 levels. at that point, i sold my put making shit loads of money for an intra day..today whn the markets ar marginally in the green, i will either book loss on the cal or let it remain..thereby earnin a net position on my position..thats wat a straddle is.."u make money on a long straddle when ur expecting the markets to move agressively..but don knw in which direction"
gettin my point?