Axis and Polaris are day trading stocks: Kotak Securities
ET Now talks to Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities on day trading stocks.
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| ET Now talks to Shrikant Chouhan, Senior Vice President Technical Research, Kotak Securities on day trading stocks.
Polaris, Axis, Aban Offshore, Tata Motors, any of these four stocks are day trades?
For Axis and Polaris, I can say it is a day trade and for Aban and Tata Motors, it is a positional trade.
If somebody is already in this stock and has made some money, should he pair out the position or hold the position?
We can go fresh long in Axis Bank because it is near to its support. So there is no point in exiting out of the particular stock but for Polaris, yes because it is near to its resistance so one can take profit if there is any long position in this stock and again re-enter somewhere around 150.
Polaris, Axis, Aban Offshore, Tata Motors, any of these four stocks are day trades?
For Axis and Polaris, I can say it is a day trade and for Aban and Tata Motors, it is a positional trade.
If somebody is already in this stock and has made some money, should he pair out the position or hold the position?
We can go fresh long in Axis Bank because it is near to its support. So there is no point in exiting out of the particular stock but for Polaris, yes because it is near to its resistance so one can take profit if there is any long position in this stock and again re-enter somewhere around 150.
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