Today, the Market was in the positive territory on buying in most sectors amid positive global cues. The sentiment got influenced by the fresh rise in the Indian rupee against the US dollar. On Monday, NSE Nifty index was trading 46 points up at 10,818, while the BSE Sensex was up 158 points at 35,816.
The stocks those were among the top gainers included Dr. Reddy’s Laboratories, Tata Motors, Axis Bank, Vedanta and HPCL. Today, 40 stocks were in the green index in the Nifty index, while 10 were in the red. On the other side, the stocks those were among the top losers are Tata Consultancy Services, Ultratech Cement, HDFC, Zee Entertainment and Grasim Industries.
In stock market, analysts adopt several types of trading strategies. Some traders’ trade based on news while others practice technical analysis for generating accurate trading tips. In Stock Trading, there are three types of trading methodology- intraday trading, short term trading and long term trading. Intraday trading is trading in which the stocks are bought and sold on the same day. Short term trading is trading in which traders will hold a position for between 2 days and a week, and occasionally trades can last a few weeks or perhaps even months. In long term trading, it is not necessary that the Trader will be static trader, who does not actively manage the position.
Trader can dynamically manage a position by trading monthly or yearly according to his call. Trader can specialize in short term trading by watching the moving averages, understanding overall cycles or Pattern, getting a sense of market trends, controlling risk, technical analysis etc. Short-term trading uses many methods and tools to do successful trading. However, trader must know how to apply the tools to achieve success using this type of strategy. If trader can do this, they will be able to make money in both bull and bear markets while keeping their losses at a minimum and profits at a maximum. This is the key to mastering short-term trading.
One can also take help of experts and advisory firms if they are not confident and are new learner of stock market.
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