
20th August 2011, 03:37 PM
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Junior Member
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Join Date: Aug 2011
Posts: 1
Rep Power: 0
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Question on Long Positions
I am new to this concept. Can someone please explain?
I see in morning hours that there is stock that is trading at 160 and I believe that this will touch 166 in afternoon trading hours. I would like to make money here. Is this called intraday trading or day trading? Is this also called taking long position or margin sell?
I have ICICI direct and I don’t understand if I should use margin buy or margin sell to achieve the above trade.
And what data do I enter in the screen. If the current market price is 160 and I believe that it will touch 166 then what is the limit price and stop loss trigger price?
Please explain in detail.
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