FinDs, the finance club of Durgadevi Saraf Institute Of Management Studies (DSIMS) hosted the guest session ‘Stock trading and Technical Analysis’ on 26th September 2020. The speaker for the session was Mr. Chandan Taparia, Head Technical and Derivative Research and Vice President – Research at Motilal Oswal.
The event began with a welcome speech by Dr. Nehal Joshipura by introducing the importance of technical analysis. She then invited Mr. Kaushik Gowda, President-FinDs, to introduce the guest speaker, Mr. Chandan Taparia.
Mr. Chandan Taparia gave the insights of stock trading and technical analysis in details for next 1.5 hours captivating the audience. He emphasised that one should not combine trading and investing, rather keep it separately. A systematic way of trading should always be followed, by looking at the market outlook, the time duration of the investments, etc.
He explained the importance of building common sense into the trading strategy, knowing the business of the company, changes in the product line. Technical factors are about demand and supply and news about that company.
The presentation was then followed by a question and answer session, where students got an opportunity to raise queries and expand their knowledge. The question raised was whether psychology has an impact while doing technical analysis and the traders who take decisions emotionally make losses and blame the market, how to overcome the same and make sound decisions. Mr. Chandan Taparia explained that sensitivity is a part of the market. There are cognitive biases in the market. People assume that they cannot go wrong, and have a habit to blame someone, where the market is blamed. He further stated every process takes time. Every person has a way to perceive something. People should learn from others’ mistakes rather than committing mistakes themselves and learn from it.
The session ended with a vote of thanks by the Vice President of FinDs, Ms. Apurva Pandey, thanking Mr. Chandan Taparia, directors of Durgadevi Saraf Institute of Management studies Dr. C Babu and Dr. Sarita Vichore, Ms. Rashmi and the IT department, Dr. Nehal Joshipura, and members of the core committee of FinDs.