What is intraday trading?

It involves buying and selling securities on the same trading day. You must square off every open position before the market closes at 3:30 PM, meaning you carry absolutely no stock ownership into tomorrow.

How to order stocks for intraday trading?

Open your broker’s order window and choose the MIS (Margin Intraday Square-off) product type, rather than the CNC (Delivery) type. Set your quantity, pick a limit or market order, and execute. Just remember to close it before the broker’s auto-square-off cutoff time.

Why is intraday trading popular in India?

Brokers offer margin leverage for these trades, letting people take much larger positions with a small amount of upfront cash. Plus, closing everything out by 3:30 PM entirely removes the risk of global overnight news destroying your portfolio.

How does volatility affect stock selection for intraday trading?

Volatility dictates your profit potential. Day traders only make money when prices move. Stocks with low volatility just drift sideways and offer zero earning opportunities. Intraday traders usually like stocks that have enough liquidity and volatility, yet price movements are not predictable.

Can I use technical analysis to choose stocks for intraday trading in India?

Yes, it is the only reliable method for day trading. Fundamentals change over quarters, but daily price action is driven strictly by volume and momentum. Traders use candlestick charts, VWAP, moving averages, and support levels to find precise entry zones.