Day Trading Stocks & Futures

Once something comes from 300 to 30. then this type of moves can be seen. :). 25 % sounds good but someone whos bot at 100 is also feeling bad.
Not saying 25 % move is good because 25 % on Rs 30 is just Rs 7 and it is nowhere compared to losses in the scrip...but was surprised to see so many buyers finding it attractive all of a sudden when day before yesterday no one was interested in buying....this stock will face resistance at every level as many must have bought at so many levels....so not to touch such stocks for investments.
 

siddhant4u

Well-Unknown Member
Not saying 25 % move is good because 25 % on Rs 30 is just Rs 7 and it is nowhere compared to losses in the scrip...but was surprised to see so many buyers finding it attractive all of a sudden when day before yesterday no one was interested in buying....this stock will face resistance at every level as many must have bought at so many levels....so not to touch such stocks for investments.
may be short coverings. plus fii's and dii's need to offload shares to someone...
 

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