this was the best advice i must admit. can u give some more details as to how a novice like me can open an online demat account or in short get into stock investing.
I just filled up ICICIDirect's registration form at ICICI bank. Paid up the registration fees of Rs 750. Activation takes arnd 15 days. Put some money into the icici account that comes with the package. Start trading. You can trade with amounts as low as 1000 bucks.
Businessworld did a study of all online services. Their study showed that 5paisa.com was rated the best service provider. I guess their website should have details of registration. I guess u need to have a bank account with HDFC for that. I must admit icicidirect is quite slow.
a gr8 idea as well. but i believe one needs to have sufficient money to make suffucient money if he is holding the blue chip ones. on the other hand 10Rs. scrips if held in large multiples may be able to generate some money for a decent appreciation. plz. help me clear my doubts on this one.
I agree. Another good methodology is to look for select midcaps or good stories. For example a bank like IOB quoting at 65+.
Something that i also look for in the ET everyday is two colums
Highest Deliveries at the NSE and Lowest Deliveries at the NSE
What is High delivery? It means the stock is being accumulated or people are buying the stock and holding. Ex i have been observing is "Morgan Stanley" which has been arnd 80% delivery for the past few weeks. It is quoting at 17+
What is Low delivery? Ppl just speculate on this stocks. You will be surprised to find out that good stories like TELCO or TISCO or SAIL the delivery taken everyday is an abyssmal 10-15%. Rest all is satta.
again photon, how can i student like me apply for a kitty in IPOs. the process i mean.
Once you have a demat account. You can apply directly through the web thorugh your broker. In icicidirect there is the IPO section where u choose the ipo put the amount of money you want to invest and Click ok.
some info. into how this is done would be illusionary!
asking for too much man, but u r the only one out here with the practical exp.
Everyday you bet on whatz gonna happen to a stock. For ex when the rupee appreciated to the Dollar, a direct consequence could be IT companies taking a hit on their profits. So u go into the market early and say SELL satyam shares at market rate(w/o actually having the stock
). You hope that the bad news will be factored into the stock price today and so u expect satyam stock to fall. All day trading orders are complemented by a subsequent cover order. So for this order there will be a BUY order also. So once the satyam price has fallen, you go into the market again and make the cover order to buy the stock. This procedure is called short selling cause u sold the shares first before buying them. The reverse procedure is also possible. You BUY first and SELL later.