|06 April 2020||Holiday|
|07 April 2020||Profit of Rs. 179,388|
|08 April 2020||Profit of Rs. 117,209|
|09 April 2020||Profit of Rs. 43,027|
|10 April 2020||Holiday|
It was exciting three days as bulls helped the S&P BSE Sensex, and Nifty50 climb key resistance levels. Investors’ wealth rose by over Rs 12 lakh crore in a truncated week.
Both Sensex and Nifty50 rallied by about 13 percent for the week ended April 9 while the broader markets underperformed as the S&P BSE Mid-cap index was up 11.3 percent, and the S&P BSE small-cap index closed 9.4 percent higher.
There are as many as 186 stocks in the S&P BSE 500 index which outperformed Nifty50. Even though the market was highly volatile, our traders booked profits this week as well. One of our traders made a profit of Rs. 179,388 on 07 April 2020 highest of all other days in a week.
Whenever there is higher volatility in the market, there is a strong chance of unpredicted market movements and stop-loss hitting. To tackle the high volatile market, one should work with proper strategy, otherwise, there is losing money on both sides. The one having the right mentor can make profits even in bad market times. In our case, all these profits were made under the guidance of Mr. Yogeshwar sir who taught us how to trade and manage risk properly. If you can manage your risk and identify the right entry and exit points, you can end your week in profits.
If you are not s professional trader, better is to watch the market, and not take any position. Not taking any position and saving money is also a position in the market which helps to keep you in the market for a longer period.