Intraday trading is the buying and selling of stocks within the same day. In this all position are closed before market close. In Intraday usually the trader holds a position for a few minute or before market close. Some intraday traders focus on very short-term trading within the trading day, in which a trade may last just a few minutes. Intraday traders may buy and sell many times in a trading day. If you follow three steps (strategist) for intraday trading defiantly you get success.
1.Analyze the market.
2.Wait for right Opportunity.
3.Enter for trading.
Intraday trading is totally based on analyzing specific share in comparison with the whole market and then taking appropriate action in the direction of Selling or buying. It is very important to know how the entire market is going to be today before start trading. It is important to know the status of global markets such as American market, China market, Singapore market, Hong Kong market and Japan market because mostly it has been observed that based on American markets Asian markets. How Asian markets are trading in the morning as they open before Indian markets may reflect a lot on the movement of the Indian market too.
If market is bullish continuously then you should plan to buy and then sell getting a good profit and if the market is bearish continuously then you should plan to short sell and then buy.
Wait for right opportunity and then enter into the trade. Watching the market at every moment is very important which will decide your profit. Enter the market at correct time and make profit. If you are new trader you can take advice from some financial firm providing stock tips for intraday trading which provides intraday stock tips.
Every market allow trade both of type intraday and delivery based like future intraday, option intraday, MCX, NCDEX intraday tips.
There are investors who prefer to invest in option when the price is high due to a belief that the price will keep on going higher and they can make better profits. There are others who choose to buy the nifty option. Any investment in nifty options with other investments like cash stock, commodities.