Question: "Assume I purchased call options with a strike price of 105 rs when a stock was at 100 rs per share. If the stock goes to 106 rs can I sell the option at that time?"
Answer: Yes. You can sell the option any time prior to expiration. It does not matter if the stock is (or ever has been) above the strike price.
Question: "It the stock goes up to 106 then comes back down to 99 can I say it reached the strike price?"
Answer: Yes, it reached the strike price, but that makes no difference whatsoever. The price of the option depends upon several factors, one of which is the current price of the stock. Any previous price at which the stock traded is not a factor.
Question: "Should I have sold the option when the stock was at 106 rs?"
Answer: You would get more money by selling the option when the stock was at the higher price, but at the time the stock was at 106 rs you had no way of knowing if the stock would keep going up or if it would go down. Consequently, when the stock was at 106 rs you had no way of knowing that it would be better to sell it at that time.
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From your question I strongly encourage you to learn more about options trading before investing any real money in options.
Recently, I saw this London Forex Rush program which gives indicators for the Sterling London intra-day trading.
Tried it out and I'm quite impressed but the usefulness. I only use it as a guide at the moment. But it's created for you to use as a complete system.
JessicaM has a very nice summary on Market Profile, you might want to a look at the market profile approach on daytrading.
1) I understand that Demat account is controlled by ndsl / cdsl through their agents (DPs) and holds shares in electronic form. But what is Trading accoun, its structure and function? Who opens and control this account? Is it the broker?
2) Other than the opening charges of demat a/c, are their more charges such as maintenance of demat a/c or other hidden costs. NDSL site gives the details of many DPs with their fees etc in table format (which is difficult to understand). What i thought actually was that i had to pay only broker charges+service tax, when i deal with share market. What may be other hidden costs?
3) What are brokrage charges for intra-day and dilevery that can be considered good enough?
4) How vulnerable is share market (specially intra-day) to the market games/manipulations by some experts or parties having big amounts or many computer terminal
Guys, If you cant answer all the parts of my question, you are free to answer portion of it as well.!
Brokerage(Standard)0.1% of volume
Service tax12.24% of total brokerage
STT 0.025% of the total vol traded-only for sell
Stamp duty0.002% of the total vol
Turnover tax0.0035% of the total vol
For the beginners which one will be better… Intra-day trading or Long term trading..??
But you also need to ask yourself how much could you lose.
If you ignore the risks you'll be taking you won't last too much time on the market.
About the intraday or long term trading: basically the best trading strategy is the one that fits your personality. But keep in mind that for short term trading you would need much more than Rs5000.
Good luck on your trading
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HOW IS THIS LINK WHEN IT COMES TO LEARNING OR LEARN DAY TRADING STOCKS ONLINE?
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As for sources, check with your brokerage. Many of them make learning tools available to their clients.
Best of success.