May 11, 2021 11:59 AM
The domestic stock market indices broke into a four-day gaining run on Tuesday morning session. The two major indices started with losses. At 9:20 am, the Sensex lost 437 points to close at 49,034. The Nifty traded down 141 points at 14,800. The rupee continued to trade at Rs 73.52 against the dollar.
U.S. markets closed negative on Monday. Asian markets, which have received signals from there, are moving cautiously. In addition, corona fears still haunt investors. Shares of key sectors are also losing ground. Fitch expects India’s growth rate to fall to 8.2 percent if the corona case boom continues.
Shares of almost all companies in the Sensex 30 list, except Wower Grid and Sun Pharma, are moving in losses. Tata Steel, IndusInd Bank, Kotak Mahindra Bank, HDFC Twin, ONGC and HUL were among the losers. There are also signs that investors are turning to profit-taking in the wake of four consecutive days of gains. In the wake of these developments today the indices are running at a loss.
Day trading in stocks is risky, more so if you are untrained. However, if you have an eye for spotting market trends, you can make a neat pile in quick intra-day deals. There was a time not long ago when trading was a simple game of buying and selling stocks based on one’s conviction.
Now, technical analysis- a science of predicting future prices from historical price data-has given investors new tools. “Technical analysis increases the probability of your call being right,” says Abhijit Paul, assistant vice president, technicals, BRICS Securities.
Domestic Stock Market Indices broke into a four-day gaining run on, We reiterate what we mentioned in our report, “The Kick of Quick Bucks,” in the October 2011 issue, though day trading looks easy, nobody can take the right call every time and there will be days when one loses money, at times a lot of it.