A plunge in Indian Stock market

[sspms2002]

As it always happen..the market is very tough for weak hearted Delivery investors..


I had an open profit of Rs 3500 yesterday in Walchandnagar Ind..and today it opened strong and went a little up...then as market started giving bumps...it also started getting low..

I booked half with a profit of Rs 2000 and let other half in there...

At close the other half was just around flat area...with no profit and no loss..

But i saw that this stock was holding strong..and only after many many market bumps it started a little slide..though 204 area was still strong ..

I am holding 200 of it for tomorrow...

And i am also having a keen watch on MAX India, it seems it should break out soon with a high range day...

 

[Prataap_2013]

And i am also having a keen watch on MAX India, it seems it should break out soon with a high range day...

Once they announce the record date for the demerger of Max India into three companies, it will start.

 

[sspms2002]

Once they announce the record date for the demerger of Max India into three companies, it will start.

Yes most probably..But peculiarly i saw that today it had very less volume from its average volume..I was hoping that around afternoon it should just get a bump up in volume and price drive up....

Getting this feel of getting into it before it explodes...

 

[sspms2002]

Not much action today..

Just had a couple of positions in Walchand nagar Ind and SKS Micro..and was up Rs 1000...

i did complete YTC Volume 2 and now going through Vol 3...good thing is that i am able to correlate it with market..

 

[Sunnyraj]

i did complete YTC Volume 2 and now going through Vol 3...good thing is that i am able to correlate it with market..

Have you purchased their E-book ?

 

[sspms2002]

Have you purchased their E-book ?

No, I got it from a fellow trader on Traderji over email.

 

[Prataap_2013]

Yesterday BF Utilities saw a late surge and I got good profit, but I tried to be oversmart and also took a sell trade and that reduced my gain.

I kept thinking that I will short some pharma stock but couldn't make up my mind. Made profits in Max India and BPCL.

Towards the end I took a position in Axis Bank.

 

[rajuchd9]

Good morning,
i am from chandigarh, i use to trade intraday but had no guidance.... but after long experiance in market and pay money for understand the behaviour of market.....
Now i like to study all aspect of company whose i am trading or investing and also go through chart studies little bit ....

 

[sspms2002]

Yesterday BF Utilities saw a late surge and I got good profit, but I tried to be oversmart and also took a sell trade and that reduced my gain.

I kept thinking that I will short some pharma stock but couldn't make up my mind. Made profits in Max India and BPCL.

Towards the end I took a position in Axis Bank.

They are good stocks you are trading...I also had shotlisted MAX India , MASTEk and pharma stocks for intraday as well as swings...

 

[sspms2002]

Good morning,
i am from chandigarh, i use to trade intraday but had no guidance.... but after long experience in market and pay money for understand the behaviour of market.....
Now i like to study all aspect of company whose i am trading or investing and also go through chart studies little bit ....

Hii....i am also in the same boat as you..now a days learning price action...

Although Price action cannot be learnt by books...its by exp only..But i am trying to get to know the frame work under which the price moves...


what do you mean by studying all aspects of company before investing? Is it related to some fundamental analysis? If so , do you see a correlation between fundamentals and intraday trading???