Hi Sanjay,
I fully agree with Saint. If you are new to the market, do not put all eggs in one basket. First and foremost, plese go through very very educative and informative threads such as "Teach a Man to fish ...." (run by Saint himself), "Questions and answers with Traderji" (where Traderji himself answers), "FII activities since 17/05/2006 ........." posted by Pankaj Jha, "I can help you to chart reading" run by vvonteru and one must never ever forget one old closed thread by Amitbe on daily nifty analysis. These are only some of the very important threads. For even a moment I do not say that there is no other very important threads in this Forum. For a beginer, they may be slightly heavy dose. If you want you can try them as well.
In addition, search in this forum for links to free download some very very informative books on technical analysis, trading psychology, money management etc. Search for e books in this forum, you will get links for downloading. Read them very carefully. Try to develop skills for technical analysis, learn to control emotions, learn to manage money etc. After doing all these thing, you will be surprised that you did not know anything before.
I donot guarantee that after doing all these things, you will become super rich overnight. Trading is not a one day match, not even a test match. But it is a life long process of learning and practising. I hope you keep this point in mind and rehearse it so that you shall not forget this important lesson.
It may take some time to learn all these things. But never be in a hurry. Have lot of patience to learn and practise.
Last but not least, welcome to our family. I hope for more posts from you sharing your experiences (of course quite frankly and truthfully) with the other members of this Forum, so that they too can learn from your experiences.
Wish you all the best