Intraday newbie questions

#1
Spent the last four months taking part in the stock market challenge at dsij.com but despite this I am a real noob so please allow me to ask some stupid questions. I think I am ready to switch to the real deal and got a demat account lined up with a cousin at icicidirect (created the account but got cold feet at the last moment). Thought about starting small (10-15k) and focusing solely on intraday or swing trading to boost the capital over the next couple of months but have a couple of questions which I hope you guys will be kind enough to answer.

1) The first major confusion for me was watching a video at icicidirect where the actor told me that it will take two days for the share purchase to be reflected into the demat allocation. What does this mean? I will have to wait for two days before I will be able to sell those back again? (there is nothing 'intraday' here so I believe I will be able to sell it that day itself..just thought I should cover all my bases)

2) Is there a minimum time period that I should hold on to the shares? For example...I purchase 100 shares of a company @ Rs 100 each right when the market opens (are you able to do this?) and say 30 minutes later the share price is currently around 110-111...if I sell at that moment...thats roughly a return of Rs 1,000 (minus of course the brokerage fee and all the other fees) Am I allowed to do this? And carry out similar trades 2-3 times a day? (I know that will not happen..just speaking hypothetically)

3) Tried searching the website but did not get any clear cut answer..so those who are using icicidirect.com...what is the brokerage amount that they charge and the other charges involved?
 

amitrandive

Well-Known Member
#2
Spent the last four months taking part in the stock market challenge at dsij.com but despite this I am a real noob so please allow me to ask some stupid questions. I think I am ready to switch to the real deal and got a demat account lined up with a cousin at icicidirect (created the account but got cold feet at the last moment). Thought about starting small (10-15k) and focusing solely on intraday or swing trading to boost the capital over the next couple of months but have a couple of questions which I hope you guys will be kind enough to answer.

1) The first major confusion for me was watching a video at icicidirect where the actor told me that it will take two days for the share purchase to be reflected into the demat allocation. What does this mean? I will have to wait for two days before I will be able to sell those back again? (there is nothing 'intraday' here so I believe I will be able to sell it that day itself..just thought I should cover all my bases)

2) Is there a minimum time period that I should hold on to the shares? For example...I purchase 100 shares of a company @ Rs 100 each right when the market opens (are you able to do this?) and say 30 minutes later the share price is currently around 110-111...if I sell at that moment...thats roughly a return of Rs 1,000 (minus of course the brokerage fee and all the other fees) Am I allowed to do this? And carry out similar trades 2-3 times a day? (I know that will not happen..just speaking hypothetically)

3) Tried searching the website but did not get any clear cut answer..so those who are using icicidirect.com...what is the brokerage amount that they charge and the other charges involved?
Some links for you.

http://content.icicidirect.com/news...asics_on_stock_market_13_margin_made_ezee.htm

http://content.icicidirect.com/indexfaq.asp

http://content.icicidirect.com/MarginPLUS.htm
 

Rito

New Member
#6


Can anyone tell me why something like this happened? The share price fell by 5 points within just 10 mins (around 2.5%). I checked, there was no news breakout either. What could be the scenario under which something like this can happen?
 
#7


Can anyone tell me why something like this happened? The share price fell by 5 points within just 10 mins (around 2.5%). I checked, there was no news breakout either. What could be the scenario under which something like this can happen?
Sometimes not current news plays role., As chart shows that scrip is under pressure of bulls and bears, but any time both cant hold long, either bull weakens or bear weakens, and as any of them weakens the complete game changes in fraction of second.
I can correlation with Tug Of War, as any of team at either side weakens, the other team pushes with same effort and brings to win for them hope you clear now.

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anml

Active Member
#8



Can anyone tell me why something like this happened? The share price fell by 5 points within just 10 mins (around 2.5%). I checked, there was no news breakout either. What could be the scenario under which something like this can happen?
Hi, just my view ,

upload_2017-9-18_21-47-23.png


If we see here , on previuos day 19th june script closed near resistance line , on that day 20 th june tried to breakout resistance range and after sometime price came below open price ( also previous day closing price )and hovered near previuos day open=low price and became weak when brokedown that previous day open=low , and in panic it reached suddden low . afterward somedays later that resitance line becomes support line , in current day also . Just my observations.
 
#9
Intraday trade is not a good option for new enterants. Always try to invest for a period and watch how the market works. Once you get familiar about the market you can slowly try intraday trade.
 
#10
Hi, just my view ,

View attachment 22395

If we see here , on previuos day 19th june script closed near resistance line , on that day 20 th june tried to breakout resistance range and after sometime price came below open price ( also previous day closing price )and hovered near previuos day open=low price and became weak when brokedown that previous day open=low , and in panic it reached suddden low . afterward somedays later that resitance line becomes support line , in current day also . Just my observations.
The issue is that resistance was broken and stock fell below it very rapidly, now this doesn't look just simple selling because of broken support but a big size market order or something similar to that otherwise its not easy to get so much selling. (my point of view)

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