On 13th march 2015 live trading session was conducted by Mr.Premsundar iyengar.
We, PGDM finance students were very excited of this session. The session started exactly at 9AM.
The Market was opened at Rs.8873 at 9:15AM which was higher than the previous day’s close and it was the indication that the market is in bull mode.
Before two days of this day the market had entered in to bear mode and the day was a narrow 7 day. Therefore it was expected that market may go up or down to a great extent.
At the end of the first half an hour market went down to Rs.8848 and in the 4th half an hour market lost again about 46 points and reached Rs.8802.The volume traded had also been increasing for every half an hour. The market thought that it comes down further and the sellers were more.
The market was analyzed by using ABCD analysis; this is the technique from sir’s own experience.
By this technique one who is interested in trading and wants to trade can know when to sell and buy.Sir explained each and every part ofthis analysis and enlightened us how to maximize profits and minimize losses in intraday trading.
At the end of the session at 12PM Market has lost almost 80 points in front of our eyes,at the end of the day it lost about 200 points and we all were shocked. Because it was a steep fall,market has never watched it before.
Premsundar iyengar sir explained every instant of the market well. He had given valuable suggestions as short selling and also the use of Stop loss order.Sirquoted the day as a ‘trending day’.
We all were enlightened with the session by him. We felt privileged and we are very grateful to him for having such a great session.