Decoding Intraday Trading Secrets Revealed By The Experts

No matter how intimidating it seems, traders have this unconditional affinity and unwavering spirit of trying their luck on a day-to-day trading process, commonly known as intraday trading. In simple terms, it is the type of trading where short-term traders and investors want to leverage on daily price fluctuations and conduct the buying and selling of stocks by using investment apps India on the same day. It is the preferred trading option for securities like ETFs and supplies and is the targeted trading source for traders who want to execute multiple trades simultaneously. By the time this session ends, these traders will be settled.

Let’s say using a share market investment app, and one can initiate the day trading by placing the request at the brokerage firm and specifying the trade as “intraday,” meanwhile also selecting the number of stocks. So, if a trader buys a stock at the opening price of 500/stock and this bumps to 550/store within a couple of hours, buying at least 1000 stocks and selling the same before the market closes would yield a profit of RS 50,000. Now that is the high yield potential of intraday trading, provided you are well-versed with the day trading strategies.

A beginner may look forward to invest in stock market and trying out luck in a stock trading landscape, but doing so without proper research and analysis can cause heavy losses. There are some standard trading strategies one must be aware of before jumping on to the bandwagon of investing, and they are:

1. Using the scalping technique to make small profits on minor daily price changes.
2. While engaging in range trading, buying, and selling mainly depend on support and resistance levels. (Support refers to the maximum price range that won’t decline further, and resistance is the minimum price range that won’t rise further).
3. Making trading decisions according to the implications of news events on the financial markets is known as a news-based trading strategy.
4. Implementing high-frequency sophisticated algorithmic trading strategies to turn the tables in one’s favor while the market is experiencing inefficiencies.

Seasoned investors share insights and expertise of online share market investment from time to time so that the young guns can swim their way in the ocean of complexities. Similarly, for intraday trading, these are some time zones pointed out by the experts for the Indian Equity market when the stocks tend to make decisive directional moves of the day. At this time, traders must be vigilant and active in decision-making. This approach of being involved at the right time is called “timing of the pattern” in technical jargon.

• Pre-opening time zone: It is the period ranging from 9 to 9.15 AM when traders might note how the market reacts to the overnight and domestic cues. And also observed the list of stocks that display major gap-up & gap-down openings.

• Crucial opening hours: It lasts till 11 AM when all the major moves occur. Some may be the continuation of the previous trading session. Or they may be initiated because of the news flows. In whichever case, it requires all the attention of traders as it could be the right time to take positions.

• Calm-zone: Afternoons are always less chaotic as the stocks loiter with little action. It lasts till 1.15 PM. There can be some major new moves at this time, but the display of aggression is different here.

• Closing hours: A crucial time-zone that lasts till 3.30 PM are the hours of ultimate climax. This also requires undivided attention, but one should stay energized.

Apart from mental expertise and excess brainstorming, there are tools embedded within the popular share market apps India that help traders stay ahead of the competition. One such tool is Nifty live charts, enabling them to track prices, identify patterns, and time their trades effectively.