Intraday trading in stocks requires great art and attention. All the market traders are afraid of any risks when dealing with market. For getting success in trade, some basic patters are to be followed:
Have a realistic goal in mind before entering into the market. A realistic goal means, first you have to make a choice whether you want to become a successful trader. For this, one should keep himself open for new learning and he should make a good ground work for trading.
Following the trend is an important parameter in day trading, as the fundamental step to make profit in intraday trade is to recognize the stock. Intraday charts are the best way to identify stocks for trading. Moreover, the trader should make a good research and ground-works before starting in intraday trade.
Study the historical charts and learn the upward and downward moving stocks together seeing the previous day’s intraday chart. The good strategy will be to buy at the last day’s support level and short at the last day’s resistance levels.
When a trader thinks of investing in the stock market, be sure that he keeps away from his emotions, as emotions has got nothing to play in the stock trade. A successful trader should always adopt a good practice, as to how to trade without emotions.
It should be noted that when one comes to share market, adequate research is essential. The proper research helps him in making good returns from the money that he has invested. A trader should try to get in touch a good stock consultant who would be capable of making good decisions where to invest money to get the best benefits.
Money Maker Research, the best stock advisory in India, with its team of technical analysts, provides highly selected potential intraday cash tips and recommendations for stock market players.
The BSE benchmark Sensex loses about 230 points and shares of Infosys plunged over 7% after Vishal Sikka resigned as MD and CEO of Infosys.
Meantime, U B Pravin Rao, the present Chief Operating Officer, was appointed as the Interim-MD and Chief Operating Officer of Infosys limited.
The markets also registered intense selling pressure in recent gainers. The Sensex plunged by 207.75 points or 0.65% to 31,587.711 led by IT, teck, bank, healthcare, metal, auto and realty, tumbling up to 2.43%.
Four stocks turn ex-dividend
The stock of Jubilant Food Works, L&T Fin Holdings, InterGlobe Aviation and Kaveri Seed were trading in the negative terrain during the early morning trade on Friday subsequent on their announcement of the dividend.