Today I Opened my Zerodha app and found that many of stocks have their percentage change not starting from 0 but from a predefined value of say 4%,3.7% etc what might be the reason
Everyday before market opens, NSE conducts pre-market session to discover opening price of stocks and to reduce volatility at opening bell. That is the reason for stocks showing percentage change not starting from 0. You can read more here.
Thing is this happened when i opened it at 9:15
If the stock is already at 4% is it reasonable to trade
Stocks don’t always open at the price they closed at on previous trading day. Such a big percentage difference opening are usually called as Gap Up or Gap Down opening.
It’s up to you to decide what to do based on your analysis.
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are you full time trader