Today the stocks market opened positive but after some time it went on a flat note. Share market is that place where traders and investors buying and selling on intraday, future and options trading. Options trading tend to be risky. The best time day to trade is 9.30am TO 10.30am.
In Last week trading day the very sharp 279-point in the Nifty last Friday was a big relief for investors. The important question now is whether this relief can be sustained. There are more winds for markets at this stage . In March month I felt stock market was slower than before as rising interest rate made potential investors vary.
The benchmark I was experienced a range-bound activity. In fact the Sensex gained 114 points, the Nifty ended 38 points higher. While intraday profit booking was observed in a few Oil and Gas and Metal stocks, the Auto and PSU Banks indices among sectors both increased. Financial year2023 was not a smooth for the banking sectors.
Technically, the Nifty is holding a bullish pattern on daily charts, and it is continuously producing a higher bottom shape on intraday charts, which is mostly favourable for traders. The share market structure is positive in our opinion, but owing to briefly overbought conditions, we could see some profit taking at higher levels for investors and traders.
Todays biggest gainer was hero Motorcop which is increased 3.57%, Sensex ends 115 pts higher after volatile trade; Nifty near 17,400; Adani Ent sheds 2%. We can say that today is not good day for traders and investors. Today’s options trading I was on loss but I kept trying to learn about stock market aspects.