FinLearn Academy, India’s foremost trading education institution organized a live trading session on the Union Budget day for the trading enthusiasts of the city. As the equity market was open for trading the session was organised with the objective to help traders take advantage of major market movements, expected to take place on a significant day.
The live trading session was attended by more than 80 students, who ranged between the age group of 18 to 60+ years, out of which more than 10% were women traders. The session started at 09 AM with briefings by FinLearn experts to provide traders with in-depth analysis of market movement. The session ended at the market closure time.
When markets opened it was trading below the 50-day moving average and the trend on the daily chart was down, so rather than taking long or short positions, it was recommended to have an options strategy both on Nifty and Bank Nifty, so we avoided trading individual stocks and focused trading only on Index for both Nifty and Bank Nifty with options strategy.
The market performance on the day of the budget had been very weak, Nifty registered a loss of 300 points and Bank Nifty closed on negative note down on 1000 points.
Mr Hitesh Chotalia, Head of Education at FinLearn Academy, said, “This is one of a kind event organised for trader participants to not only earn profit but also understand news based movement in indices, select stocks. Indian equity markets have tremendous potential and equity traders will benefit the most out of it”
Talking about the euphoria on this innovative event, one of the trader participants said that “The event was a great opportunity for me and the fellow traders to test our skills, kick start our trading journey, and trade with risk management in place. Presence of an expert had a reassuring effect. I definitely look forward to participating in more such events hosted by FinLearn Academy”
FinLearn Academy has undertaken a series of trading programmes aimed at educating traders about the great returns potential offered by stock market day trading. The live trading session conducted in Mumbai was served to improve the potential trading education provided to students of FinLearn Academy.
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