Palka Chopra, Senior Vice President, Master Capital Services
Palka is enthusiastic about investing and wealth management. Have a track record of success in the financial services industry dating back ten years.
1)Make a decision regarding your investment.
Every investment decision is made in order to generate a profit, and investing in markets entails some risk. It is better to avoid high-risk stocks that may rise for a few days as a result of some news. As a result, investing in such stocks could be a trap. If you rely on stock advice from friends who may or may not be trustworthy, you should do some research before purchasing them.
2)Basic Market Knowledge
Because stock markets are typically volatile, a basic understanding of charts and technical indicators is required. In a shorter time frame, a stock may be weak, but in a longer time frame, it may be strong. It is preferable to consider different time frames before deciding whether to buy or sell.
3)Does the market trade or trend?
It is important to understand whether the market is consolidating or trending. The trend may be upward or downward. This judgement is critical because it underpins many trading strategies.
5)FII & DII Information
The market’s major players are both FII and DII. The inflows and outflows of funds can provide insight into broader market trends.
6)52 Highs and Lows for the Week
These figures are significant because a fundamentally strong stock can be purchased near the 52-week low levels for the short to intermediate term, whereas a breakout above the 52-week high would allow a trader to trade in that sector as the next leg of the rally may be due in those sectors/stocks.
7)Delivery Positions for Security
This is an important parameter to consider before trading because there is frequently a strong correlation between the delivery percentage and the stock price. For example, many stocks may see an increase in price as well as an increase in delivery percentage. This could indicate that stronger hands are increasing their holdings in the stock, implying that it will move in the near term.
8)Bulk and Block purchases
Day traders can take a look at the bulk and block deals data. Bulk transactions in a stock that occur on a continuous basis and are accompanied by higher volumes may indicate that the stock price will rise in the future.
9)Blogs and social media
The internet has changed the way people invest and how the general public obtains information. As a result, if any expert spreads a bullish or bearish idea about a stock, it can have a significant impact on the stock. Investors should keep an eye out for potentially market-moving news, but they should be wary of sites that make recommendations based on the stocks they own.