if you really want to buy a stock that's hitting upper circuit regularly, try this:
(caution: these stocks go up like rocket and come down likewise, you can lose your pants pretty easily)
1. login to your online trading account at 9:50 am
2. bse opens at 9:55 am, 5 mins before nse
3. as soon as the market opens, check whats the first price. it will be 5% higher (or the circuit level for the stock) than yesterday's close and it will show "no sellers"
4. put an order at this price for the number of shares you want to purchase
5. do not cancel your order and leave it open for entire day
the trick is to be as early as possible in the queue of buyers. during the course of day, trades happen at the circuit price even if the system shows no sellers available. keep checking the volume, you will see it increasing during the course of day.
another tip, look at the average volume for the last few days. at the time of your putting the order, if the number of pending buy order is significantly lower than the average of last 5 days, you have a good chance.
put in your trade as early as possible, before 9:57 am on bse to be precise :)
speed of execution is the key ! do return and leave a comment if you managed to buy the stock. all the best
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5 comments:
SMS after the stock market crash of yesterday...
Saare Zameen Par!!!
Appreciate your sense your humor in this tought imes :)
Actully this is the best time to enter the market.
In some stocks the valuations are as close to 2004 !!
Yeah. Every share market player I know says that.
Some guys never learn...? ;-)
saale...!!! tu mere comments kyun delete kar raha hai???
When did I delete your comment ?
Yes, Aman every one is saying that but its tough to execute it.
Even after this crazy fall, people do not buy and wait for "more bottoming out".
And then buy when they see prices going up and get trapped.
I have been a buyer in this falling markets. Some of these was crazy and panic reaction.
In uncertain times, its best to stagger your buying/selling or go on a break for 2 weeks !
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