Tuesday, March 3, 2020

SBI CARD IPO LED NIFTY UP

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Bulls trying to come back in market after fighting with bears. Nifty  form a bullish candle after eight consecutive red candles on daily chart. Nifty closed on positive note @ 11303 with good gains of 171 points. The Sensex gained 480 points to close at 38,624.
 Along with heavyweight stocks, mid and small cap stocks were also seen. The BSE mid-cap index closed up 1.79 percent and the small-cap index gained 1.25 percent. Bank Nifty closed 1.09% higher than the 29000 level due to good buying in King Shares. SBI Cards IPO opened yesterday. It is the second largest credit card company in the country, IPOs of SBI cards have been subscribed 56.5%. Vodafone Idea gains 11% & Infosys share price gained over 1%, Vedanta, Hindalco, and Zee Entertainment were seen in good buying, while in Bajaj Auto, Yes Bank and ITC stock in selling. Sun Pharma was the top gainer with a growth of 6.64%, followed by Tata Steel and ONGC. RIL, ICICI Bank, Kotak Bank & TCS were among the major contributors today.
TOP LOSERS-ITC,YES BANK 

TOP GAINERS-VEDL,SUN PHARMA,ZEEL,CIPLA,GRASIM

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Monday, March 2, 2020

HOW TO TRADE NIFTY AMID CORONA CRISIS


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Today Nifty slipped from highs and closed 0.40% lower, after 2 new cases of coronavirus were detected in India. There was heavy selling in the market today in the last hour. The Sensex  fallen 153 points to close at 38144. At the same time, the Nifty fallen 69 points to close at 11133. Bank Nifty  also fallen by 279 points to close at 28868 today. At the same time, the midcap  fallen 115 points to close at 16672.Pharma & metal stocks  also seen buying strongly. Today IT shares was the biggest contributors of the boom. Today shares of SBIN fell more than 5%, Escorts share price rose over 8%, & TVS Motor share price shed 4%.HCL Tech, Infosy were among today's Top Gainers. Metal stocks seen a strong shine. VEDL, JSWSTEEL & HINDALCO have also risen 3%. Volume spike was seen in stocks like NTPC, PVR, BAJAJ AUTO, CENTURYTEX &  ESCORTS. Long buildup was seen in stocks like NAUKRI, ESCORTS, MINDTREE,& IBULHFIN. Short build-up was seen in stocks like PVR, Bajaj Auto, & NTPC.
TOP GAINERS-ICICI BANK, EICHER MOTORS, HCL
TOP LOSERS-GAIL, TATA STEEL, SBI, YESBANK

Saturday, February 29, 2020

WHICH IS BETTER INTRADAY OR POSITIONAL STOCK TRADING ??

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Intraday trading is a style of trading where traders open and close positions during the same day. It implies that traders take positions in a day to benefit from the daily fluctuations in prices. Whatever positions are left open by the end of the end are closed before the stock market closes. If we are doing intraday trading,Some use Technical, some use Fundamental, some also use Algorithm and many more. So due to that all have their different strategies and opinions. In day trading you don't take delivery, you square off your position on the same day. Even if don't square off, your broker squares off at 3.15 pm.
Positional trading Involves holding stocks for some period of time say between months to even years. Here the main goal of the trader is to benefit from the long term changes in prices. In position trading, you take delivery and you own that stock and you hold your stock as long as you want. This is in Equity cash market. If you want to gain good profit, go for positional or swing trading rather than pure intraday trading. The reason behind is that intraday trading is completely risky and market is most of the time volatile. So one day you will get some profit and another day you will lose.
Further if talk about the risks and rewards associated with these two styles, day trading is more risky as one wrong trade can wipe out all your losses for the day whereas risk in positional trading is quite low as you hold positions for a long time frame expecting that prices will rise in future. So day trading is good for those with a high risk appetite and for some experienced traders. Positional trading works with people with low risk profile. Also because you hold stocks for a longer time you may earn more profits through positional trading
If the trader plays safely with the right trading rules ,can have success in Intraday.
  • Intraday trading is a technique that can be learned and improved day by day, so you have to keep on learning every day.
  •  Stock selection is the most crucial part of intraday trading, so you have to choose stock very wisely.
  • Never trade in the stock market with anybody’s money. Yes, this is most important while trading because I have seen many people who take a personal loan or borrow money from someone and regret after losing that money. So u should trade with your own spare money only.


Friday, February 28, 2020

SBI CARD IPO :TIMING COULD HAVE BEEN BETTER


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Bank nifty till down by 120 points but in upcoming days.  In next week SBI is  excellent stock for investment . SBI card is coming with IPO. The IPO will come on March 2 and will close on March 4  but Stock market has been continuously dipping due to the corona virus . In this week sbi stock was open on 327 then  down by 8 points & made low of 319.20 while SBI increased with 5 point & made high of 323.75.SBI will perform well in the coming days. It has hiked the target price by 14 % to 375. Today SBI stocks fallen by Rs 6.25 to close at Rs 321.95. Its 52-week high is Rs 373.80. The stock had Full potential to rise but timing for the IPO declaration is not correct so expected some more correction in upcoming week.