What sites do you check everyday, as an Indian stock market investor or a trader?

What Sites Do I Check Everyday as a Trader ? :

Trading is about following a trend.

A trend can be seen either a mile away or you can miss it absolutely if you are not looking for it. A good trader should recognize the main trend without any effort and with some information and analysis, should be able to find out the stocks which are going against the general market trend.

The web sites providing the information about Indian Stock Markets are too many to actually bother about.

Most of them provide the same information.

Only the presentation varies according to their own bias about the market direction.

The above is a scene from a fruit and vegetable market.

You go around all the shops, have a look around, do your bargaining but ultimately you are going to land up with a basket similar to most of other customers at almost same price.

Because the entire market is selling the same produce.

The financial web sites and business TV Channels are also purveying the same content.

After all the same company results are available to all of them. GDP figures or RBI reports are not going to be different for any of them.

What makes them stand apart from others is their presentation of content and the authenticity of content.

I limit myself to only 2 web sites and one TV Channel.

(a) NSE Website:

The best source of trading information and past data. This is an excellent site and you can have all the data and reports you want in .csv files for any further analysis.

For Options data, I rely entirely on this site.

(b) MoneyControl:

For news, views and everything else, this is a good site. There are message boards for every stock where you can go through the current chats of traders. The message boards are fun. But do not take them seriously.

The content is generally very good with interesting articles from market experts every day.

The most useful part for me is the PRE MARKET page which gives the Global Indices along with SGX NIFTY. It indicates the likely initial trend for the day in our markets.

(c) CNBC-TV 18 :

This is the default Business Channel for me. Mainly it is due to habit and comfort with the format and faces. At times I do not like their extreme bullishness. They try to twist bad results into good by saying things like—” Okay, all the bad news is out. Things can now get better only.”

I occasionally watch other channels like ET NOW, BLOOMBERG, ZEE BUSINESS but come back to CNBC_TV 18 for my regular diet of business news.

Like I told earlier, all are selling same mangoes. It is only our comfort with the face of the vendor which makes us go to a particular shop.

Finally it is our trading which makes money, not the information provided by these sources.

Thanks for reading.

Enjoy the weekend.