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 Indian Rupee beat firmness v/s USD in early trades on Tuesday, 22 August 2017 on bigger selling of the US currency, by exporters and banks. In addition, the weakness of USD against major currencies overseas and a pickup in domestic stocks opening kept the domestic unit in good mood. The Rupee opened at Rs 64.06 against the USD but fell to a low of 64.09 so far during the day. The rupee gained 5.90% while FII’s bought USD 7.35 billion in equity market and USD 19.06 billion in debt markets, so far this year.
Live Market Update: At 12 PM, the BSE Sensex was trading at 31,366 up 107 points, whereas NSE Nifty was alongside at 9,795 up 41 points. A total of 15 stocks hit a fresh 52-week high in trade, while 48 stocks registered a new 52-week low on the NSE.
Rising Stocks: Dr Reddy Laboratories was top gainer in the index trading at Rs 1,975.95share apiece, up by 2.32 percent. In parallel, Lupin and Divi’s Lab are also trading in positive terrain higher by more than 1 percent.
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