I am new to this concept. Can someone please explain?
I see in morning hours that there is stock that is trading at 160 and I believe that this will touch 166 in afternoon trading hours. I would like to make money here. Is this called intraday trading or day trading? Is this also called taking long position or margin sell?
I have ICICI direct and I dont understand if I should use margin buy or margin sell to achieve the above trade.
And what data do I enter in the screen. If the current market price is 160 and I believe that it will touch 166 then what is the limit price and stop loss trigger price?
Please explain in detail.
I see in morning hours that there is stock that is trading at 160 and I believe that this will touch 166 in afternoon trading hours. I would like to make money here. Is this called intraday trading or day trading? Is this also called taking long position or margin sell?
I have ICICI direct and I dont understand if I should use margin buy or margin sell to achieve the above trade.
And what data do I enter in the screen. If the current market price is 160 and I believe that it will touch 166 then what is the limit price and stop loss trigger price?
Please explain in detail.