Live Market Terminal Watchlist

When you are trading stocks (https://www.kotaksecurities.com/stocks/), knowing the latest market updates is super important. A handy tool for this is the watchlist feature on the Live Terminal. This chapter will show you how to use the watchlist to keep track of your favourite stocks easily.

We will explore how to use this feature effectively using the Kotak Neo Live Terminal as an example.

A watchlist is a custom list that you create to keep track of your favourite stocks. It helps you monitor real-time price movements, trading volumes, and other key data without the need to search each stock separately.

The above image shows a custom portfolio watchlist with various stocks and ETFs that I have personally added. Here is how you can do it too:

• Creating a Custom Watchlist: The platform allows you to create a personalised watchlist. You can see various securities like MIDSMALL, SMALLCAP, NIFTYBEES, and BANKBEES that I have added to my list. Each security shows its current price and percentage change in value, making it easy to track market movements.
  

• Real-Time Updates: The watchlist provides real-time updates. For example, you can see that NIFTYBEES has increased by 1.02%, and BANKBEES by 1.68%. This immediate feedback helps you make informed trading decisions quickly.
  

• Adding Securities: To add your preferred securities to the watchlist, use the search function to find the stock or index you want to monitor and add it to your list. This way, you can customise the watchlist to include only those securities that matter most to you.
  

• Multiple Watchlists: As you can see, you can create multiple watchlists for different purposes. For instance, you might have separate lists for different sectors, investment strategies, or portfolios.

• Editing Watchlists: The Kotak Neo Live Terminal allows you to edit your watchlists easily. You can reorder the securities, rename the lists, or delete them if they are no longer needed.

• Customisation: This feature ensures that you can prioritise and organise your watchlists according to your trading needs. Having a well-organised watchlist helps you focus on the most relevant data without clutter.

The market depth feature gives you detailed insights into the buying and selling activities for a particular security. The above image highlights this feature for MIDSMALL:

• Market Depth: It shows the number of buy and sell orders along with their quantities and prices. This information is vital for understanding the liquidity and demand-supply dynamics of the security.
  

• Price Movements: The market depth chart also displays the day's low and high prices, the opening price, the previous closing price, and the average price. For instance, MIDSMALL opened at 54.49, and its previous close was 53.82.
  

• Circuit Limits: You can also see the lower and upper circuit limits, which are the maximum price range within which the security can trade on a particular day. This helps in assessing the potential volatility and risk.
  

• Trading Volume: The volume of shares traded is displayed, giving you an idea of the trading activity and interest in the security. By effectively using the watchlist feature you can enhance your trading experience.
  

• Regular Updates: Keep your watchlist updated with the latest securities you are interested in. Remove those that are no longer relevant.
  

• Diversified Watchlists: Create different watchlists for various strategies or sectors to keep your investments diversified.
  

• Monitor Market Trends: Use the real-time data to stay ahead of market trends and make timely investment decisions.
  

• Detailed Analysis: Leverage the market depth feature for a detailed analysis of your favourite stocks.
  

Conclusion

The watchlist feature on the Kotak Neo Live Terminal is a powerful tool for any trader. It simplifies the process of monitoring and managing your investments by providing real-time updates, customisable lists, and detailed market analysis. By utilising this feature effectively, you can stay informed and make better trading decisions.