After giving necessary information about the share market, yesterday we chose the share of HDFC Bank. This share had given positive closing in yesterday's negative market. Looking at its closing, we had predicted this stock to be positive on 21st November. Surprisingly, today the market was also positive and this share was also positive. The share of HDFC Bank, which closed at Rs 1505.20 yesterday, opened at 1519.00 today and after touching the upper level of Rs 1522.00, closed at 1518.25, which means there is a profit of Rs 13 5 paise i.e. 0.87% in a single day.
How does the market work?
The share market moves as per your calculations and based on the sentiment of the international market. Because of this, it becomes a little difficult to know and predict it. In such a market some factors become very important; Such as, taking a position in the market and having some information about the company. By doing this the risk is reduced to some extent. To earn money in the market, you have to learn some things from yourself. By looking at the market one has to try to understand how it moves. Only after all this you will be able to make better predictions in the market due to which your confidence will increase.
For example, we selected HDFC Bank shares in the share market for three days and advised to buy the same. According to our estimation, this stock remained positive today and its closing today is close to its today's high. Therefore, according to our estimation, this stock is likely to remain positive tomorrow also.
Nifty movement
- Open - 19,770.90
- Hi - 19,829.10
- Low - 19,754.05
- Closing – 19,723.40
That means it closed with a gain of 89.40 (0.45%)
HDFC Bank was the top gainer in Bank Nifty today. While watching the share market and the movement of your shares, always remember that we are investing for the long term. Your share increases with the stock market and sometimes it can also decrease. We also see damage in it, but this effect remains short-lived until the cell process is completed. If a share always remains in loss then it is wise to exit from it. It is beneficial to stay in the share which breaks out for a long period. There are more chances of getting profit from it. Our important objective is to earn profit in the share market. Whether small or big, profit is still profit.
Some people feel that they should get profits as soon as they start trading in the share market. But this does not happen. Any doctor, engineer, lawyer, C.A. Not made in a day. For that also one has to study, study, work hard for some years and after that they achieve this success. In the same way, the share market should also be seen, watched and understood, only then one can earn money in the share market. It is not the case that this market only gives profits, sometimes one has to suffer losses also. Sometimes it would be wise to take less loss and sometimes it would be wise to book as much profit as possible at the right time. Greed and haste sometimes cause great harm. It is better to stay away from this.
The market is always plus-minus. Similarly, your stock also keeps changing plus-minus. There is no need to be afraid of that. Shares fall when the market falls. So, it is not right to sell out of fear and suffer loss. If a share always falls then it is not right to stay in it. But whatever falls with the market and then rises, it is a good thing to stay in it because you get profit from it. If a share keeps falling and incurs loss, then stoploss comes in handy at such a time because stoploss prevents loss.
What is stop loss:
To earn profit in share market one has to take risk. Instead, one has to prepare for some losses. How much loss you can tolerate for how much profit is called tentatively stop loss. Stop loss tries to protect you in every trade. Therefore stop loss is important in the share market. Reducing losses is also a kind of benefit. Losing money can never be justified. People who work in the share market should always remember this.
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