The Market Crux


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@TheMarketCrux : PsychoNinja Trader Series 19

Three Things You Can Do to Start the Trading Day Right For Better Trading

Do you know that how you start your trading day can affect how well you trade and directly impact your profit for the day?

Start Your Trading Day Right

How you start your trading day is important. The first hour or so before the markets open should be considered an extension of the preparation you did the night before. Winning traders review their charts after the markets close, make notes, and look for potential set-ups for the next day. The first hour of the next morning is the ideal time to reorient to the markets, review your notes, and check the markets for the overnight action.

What Not To Do

Many traders start the day by making telephone calls, checking their emails and voice mail, and chatting with friends. These are some of the things you should not do.

Why?

Because these are distractions. What if someone says something that - although not urgent, unbalances you? What if something or someone demands your attention or some upsetting news surfaces? This sets the tone for the rest of the day. Your mind is now primed to be thinking of something other than the market. Your mind is elsewhere. Your focus is elsewhere. Your concentration is lost. This will affect your trading.

What To Do

Leave the emails for later. Make it a rule that unless it is an emergency, you have no interruptions before the market opens through the first hour or so after it opens. Let your family and friends know this and ask for their cooperation.

Certainly, if there is an emergency or something urgent that needs to be taken care of, attend to it. Certain thing cannot wait and need to be dealt with immediately. If something requires your immediate attention, don't try to trade. Deal with the situation, as needed. Trading will be there tomorrow. Do, however, put a lid on all routine interruptions.

Three Ways to be in Control

You can be in control of your time, and you can be in control of what you allow to influence your trading. Again,

Block out the hour before the markets open through the first hour of trading and focus only on your markets; avoid interruptions and distractions
Use the hour before the markets open to review the markets and make final plans for the day. It is also a good time to take a few moments to clear your mind with relaxation and meditation exercises

When your day starts, make sure you don't begin it with a potentially distracting activity. Start with a focus on the markets and a focus on how you will perform today. You will feel good about yourself for being well-prepared.

A positive approach right from the start of the trading day will have a positive influence on your trading during the rest of the day.

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@TheMarketCrux


Top holdings of #LIC


Events




The future of travelling!




LOW 849 ✅


There are 5 SME IPOs closing today, except Trust Fintech Limited you can avoid rest all, not worth chasing!


One line verdict for SME IPO : Trust Fintech Limited

⭐️⭐️⭐️

Go for it, expected listing gains of 30-40%.


One line verdict for IPO : SRM Contractors Limited

⭐️⭐️⭐️

Good growth, good numbers, go for it. Apply for 30-40% listing gains.

#SRM


SCALP 2 FOR THE DAY.. BADHIYA DIN 😍😍


EDUCATIONAL, #PEL IS A GOOD SHORT AT 882+

TARGET 875>> 870 >> 860

SL 890


DAY OPENED, A LONGER TRADE THAN USUAL..


Top stocks to trade today:
#IDFCFIRSTB
#BHEL
#JIOFIN


#NIFTY opening marginal 40 points gap up. still within broaded consolidation range.




*DLF:* Company plans to raise Rs 600 crore through issue of non-convertible debentures to investors. (Neutral)

*Emami:* Company increased stake in brillare science pvt ltd from 95.36% to 100% (Neutral)

*JSW Energy:* Company to consider fund raising via private offerings or QIPs or other methods on April 2, 2024. (Neutral)

*Ultratech:* Company to acquire 26% equity shares of O2 renewable energy for Rs 15.68 crore (Neutral)

*NHPC:* Board approves raising Rs 6,100 crore debt in 2024-25 through non-convertible corporate bonds, term loans, or external commercial borrowing. (Neutral)

*Aditya Birla capital:* Company made an investment of 180m rupees on rights basis, in the equity shares of Aditya Birla capital digital (Neutral)

*Maruti:* Tarun Aggarwal replaces CV Raman as company's Head of Engineering effective April 1. (Neutral)

*Zydus Life:* US FDA issues four observations for Ahmedabad’s SEZ Onco injectable manufacturing plant. (Negative)

*Alkem Lab:* US FDA issues form 483 with 10 observations for company’s mfg facility at Baddi (Negative)


*India Daybook – Stocks in News*


*Cyient:* Company signs agreement with Deutsche Aircraft to design rear fuselage section of D328eco Aircraft (Positive)

*Dr Reddy’s:* Company signs exclusive distribution agreement with Sanofi Healthcare India to promote & distribute the vaccine brands of Sanofi Healthcare in India (Positive)

*Welspun Corp:* Company’s unit to invest ₹2,355 cr to set up mfg units. (Positive)

*Balmer Lawrie:* Company to set up Rs 230 crore free trade warehousing zone in SEZ of Jawaharlal Nehru Port Authority (Positive)

*Man Industries:* Company’s' unit begins first ERW mill operations in Gujarat with installed capacity of 50,000 MTPS. (Positive)

*Info Edge:* Company agreed to invest 300m rupees in unit Naukri internet services (Positive)

*BHEL:* Company gets order from Adani Power for setting up 2x800 megawatt thermal power plant at Raigarh. (Positive)

*Varun Beverages:* Company completes acquisition of South Africa-based Beverage Company along with its wholly-owned subsidiaries. (Positive)

*Annapurna:* Company acquires six-decade-old Arati brand mustard oil from R R Proteins for consideration of Rs 28 crore. (Positive)

*PCBL:* Company approved issuance of upto 16m warrants at a price of 280 rupees per warrants (Positive)

*Infosys:* Company and Handelsblatt media group announce strategic collaboration (Positive)

*Andhra Sugar:* Company says new salicylic acid plant of 2,640 tpa at tanuku location has been successfully commissioned (Positive)

*Tata Elxsi:* Company partners with Drager to advance critical care innovation in India. (Positive)

*Mahickra Chemicals:* Company gets export orders from market of egypt & turkey worth around $250,000 (Positive)

*Shriram Pistons:* Company’s unit started its manufacturing operations at its manufacturing facility in Madhya Pradesh. (Positive)

*Bluedart:* Company introduces 20-hour delivery service to gift city from major metros. (Positive)

*GOCL Corp:* Company signed MoU with Squarespace lnfra for monetization of approx. 264.50 acres of land situated at Kukatpally, Hyderabad (Positive)

*Sree Raylaseema:* Company says commencement of commercial production of sodium metal with capacity of 2 tons per day. (Positive)

*Biocon:* Company receives UK Healthcare Department’s approval for Diabetes drug Liraglutide, becoming the first Generics company to obtain approval for Diabetes drug in the UK (Positive)

*Mahindra Lifespaces:* Company purchases nearly 2 acres of land in Bengaluru, gross development value at ₹225 cr (Positive)

*Bank of Maharashtra:* Government appoints Nidhu Saxena as MD & CEO of Bank of Maharashtra w.e.f. March 27 (Positive)

*P&G Hygiene and Health Care:* Reaches an agreement with tax authorities for certain transactions with its affiliate (Positive)

*Adani Power:* Reliance enters into a 20-yr power purchase agreement with AdaniPower arm with an investment of ₹50 cr (Positive)

*Unichem Labs:* Santosh Mahil resigns as Chief Commercial and International Business Development Officer (Neutral)

*REC:* Company approves Rs 1.6 lakh crore market borrowing plan for FY25 (Neutral)

*SRF:* Company provided Rs 190 crore corporate guarantee for Thailand arm SRF Industries (Neutral)

*Chalet Hotels:* Company opens QIP for raising up to Rs 2,000 crore. (Neutral)

*IDFC FIRST Bank:* Cloverdell Investment likely to sell its entire 2.25% stake in IDFC FIRST Bank. (Neutral)

*Axis Bank:* Revises lounge access rules for select debit cards, changes effective from May 1. (Neutral)

*ICICI Bank:* ICICI Securities shareholders approve delisting of company. (Neutral)

*NLC India:* Company defers proposal to raise $600 million foreign currency loan (Neutral)

*BSE:* Company to launch Brent Crude & WTI futures contract and options on futures contract. (Neutral)




Securities in Ban For FnO Trade Date 28-MAR-2024:
1 HINDCOPPER
2 ZEEL

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