Hi
Satyajit can u explain the trading plan bit more ...... i use icicidirect how can i use it ?
Regards
Satya
It is very difficult to explain the same here. However attached herewith the page of icicidirect for TBQ and TSQ. Please observe the behavior of the quantities, and analyse it with open mind :
Why the quantity changes take place.
In which situation the change occur.
Where is the price (at support or resistance) when the change occurs.
What may be the result of this changes.
Notice the result will be the same as u thought for it.
Just think a open market of fish and u r an observer standing beside the market.
In the morning there are 5 sellers with total 100 kg of fish. The number of buyers are say about 50 each wants to buy 10 kg of fish. Seller starts to sell fish @Rs 200/- per kg.
After some time when seller notices that demand is more than supply in the market, he will not agree to sell at 200/- but more than it say @ 250/- per kg.
But buyer wants to buy @180/- per kg
In this situation what will happen :
1. Buyer will agree to buy at 250/-
2. Buyer will compromise for quantity.
3. Buyer will not buy fish.
4. Any other things u can add with ur analysis.
Same thing may happen with seller also.
If no. 1 is true for buyer more seller will come to the market with more supply.
If no. 1 is true for seller more buyer will come to the market with more demand.
There will be a situation when buyer agrees to buy at higher price and will rush to buy fish and vice versa.
It is a great subject, I have given u some clus for thinking.
I think u will reply this post with ur valuable thought, so that we the other members can be enriched with that thought.
Regards.