How to Track Market Trends Using Your Demat Account App?

If you are about to open a trading account, you must be aware that many brokers have launched demat account apps in the last few years in India. Thanks to such trading apps, you can buy or sell a variety of securities from anywhere, anytime. You can even track market trends, which can help you make informed decisions.

So, how do you select the right demat account app? You should ensure that the app is easy-to-use so that you can track your investments seamlessly. You also need to check whether it provides real-time market updates or not. For example, if it does not update stock prices quickly, then it will not help you track your investments.

Have a demat account app on your mobile phone? How to use it to track your investments:

1. Check the market overview section: All demat account apps have a market overview section where you can check how benchmark indices like Nifty 50 and Sensex are performing. You can also see the performance of sectoral indices, like Nifty Bank, here.

2. Create Watchlists: Demat account apps allow you to create watchlists. To such watchlists, you can add stocks in which you hold a position. You can also add stocks that you are keen on. Further, you can set price alerts on an app, which will alert you when a stock’s price reaches a certain level, prompting you to take action.

3. Real-time updates and news: You can check real-time news on a demat account app to get updates about company earnings, GDP growth, other economic indicators, and the latest policy announcements.

4. Charts and Indicators: Many demat account apps have features in the form of indicators and charts, which can help you analyse and interpret market movements in a sophisticated manner. Some of these indicators include Moving Averages, Relative Strength Index (RSI), and Moving Average Convergence Divergence (MACD). Traders have been using such indicators for ages. However, only recently do we have apps that can provide us with such indicators with a considerable degree of ease.

5. Research reports: You can also access research reports on a particular stock or industry on several demat account apps. Such apps are launched by brokerage houses, which have a team of analysts who analyse stocks, industries, and overall markets. When you open a demat account with a broker, it is likely that he will provide you with research reports, which can help you track the market and make informed decisions.

Based on the criteria discussed above, you can download a demat account app and start tracking the market. Many such apps are available in the market. That said, you need to pick an app that suits your needs.

One of the trading apps that has helped several investors already is Bajaj Broking’s app, which comes with an extremely user-friendly interface. Besides, it offers tools and research reports to analyse the market. Some of the advanced analysis tools that Bajaj Broking’s app offers include Marketsmith, Trendlyne, and Scanners.

Whichever app you select, you should ensure that it provides a seamless experience to both beginners and experienced traders. It should also have the provision for customer support because investors often struggle with an app, making it necessary for them to approach the customer care team.

You should also check about the safety features of an app. This is extremely important because you will be making important financial transactions using a demat account app.

Conclusion

You can really get a lot from a demat account app after learning how to track market trends on it. However, to do that, you have to select the right demat account app. For instance, a Bajaj Demat Account offers advanced tools and features to help you analyze trends effectively. So, do not rush; always research the existing apps thoroughly while making the decision.

Getting the right app, like a Bajaj Demat Account, and using it to track the market can go a long way in simplifying your trading experience.