Open an Account
Trade Now
  • Markets
  • Products
  • Research
  • Partner with us
  • Blog
  • Refer A Friend
Open an Account
Trade Now
  • Markets
  • Products
  • Research
  • Partner with us
  • Blog
  • Refer A Friend
Home » Blog » Online Share Trading » Top 10 Strategies to Capitalise on Intraday Trading in 2024
Religare Broking by Religare Broking
April 10, 2024
in Online Share Trading
0

Top 10 Strategies to Capitalise on Intraday Trading in 2024

List of Top Diamond & Jewellery Stocks in India
  • Last Updated: Apr 10,2024 |
  • Religare Broking

Intraday trading, also known as day trading, is a fast-paced strategy where traders buy and sell financial instruments within the same trading day. Unlike traditional investments, intraday traders aim to capitalise on short-term price movements, profiting from market volatility. This approach demands quick decision-making, sharp analysis, and a thorough understanding of market trends. In this guide, we'll unveil essential intraday trading Strategies to help you navigate the dynamic world of intraday trading, empowering you to make informed choices and maximise your potential gains.

    Topics Covered :

  • Why Must Traders Employ Intraday Trading Strategies?
  • Top 10 Strategies for Intraday Trading
  • Conclusion

Why Must Traders Employ Intraday Trading Strategies?

Intraday trading Strategies are invaluable for traders engaged in this fast-paced market strategy. Here are key reasons why they are essential:

1. Capitalising on Short-Term Opportunities:

 Intraday traders aim to profit from rapid price movements within a single trading day. Timely and accurate Strategies can help identify potential opportunities, ensuring traders can enter and exit positions at the most advantageous moments.

2. Mitigating Risk:

Intraday trading involves higher levels of risk due to the compressed time frame. Strategies provide insights into risk management strategies, helping traders set stop-loss levels and manage position sizes effectively.

3. Leveraging Technical Analysis:

Technical indicators and chart patterns are crucial in intraday trading. Strategies often include analysis based on these indicators, enabling traders to make informed decisions based on the current market scenario.

4. Keeping Abreast of Market News:

Intraday traders need to stay updated on market news and events that can trigger significant price movements. Strategies often incorporate news analysis, alerting traders to potential market-shifting events.

5. Adapting to Market Trends:

The market can exhibit varying trends, from bullish to bearish to sideways. Intraday trading Strategies offer insights into the prevailing market sentiment, allowing traders to adjust their strategies accordingly.

Recommended Read: What is Intraday Trading: Intraday Trading Guide For Beginners

Top 10 Strategies for Intraday Trading

Intraday trading, the practice of buying and selling financial instruments within the same day, offers opportunities for quick gains. However, it can be a challenging endeavour, especially for beginners. To navigate this dynamic market successfully, consider these ten essential Strategies.

1. Choose the Right Stocks

The foundation of successful intraday trading lies in selecting the right stocks. Focus on popular, well-known companies with higher liquidity. These stocks tend to have more stable price movements, reducing the likelihood of sudden and drastic fluctuations. As you gain experience, you can explore more diverse options.

2. Set Clear Price Targets

Before entering a trade, establish both profit and loss targets. Determine the level at which you want to sell if the stock performs as expected and at what point you'll cut your losses if the trade goes against you. Having predefined exit points helps you stay disciplined and avoid impulsive decisions driven by emotions.

3. Implement Stop Loss Orders

A stop-loss order acts as a safety net, limiting potential losses on a trade. Set a specific price point at which you're willing to sell if the stock's value moves contrary to your expectations. This risk management tool helps protect your capital and prevents significant losses that can occur in volatile markets.

4. Monitor Trading Volume

Trading volume refers to the number of shares bought and sold for a particular stock. Higher trading volume indicates increased market activity, making buying and selling shares easier without significantly impacting their prices. Stocks with substantial trading volume are typically more liquid and may provide better intraday trading opportunities.

5. Diversify Your Portfolio

Avoid putting all your capital into a single stock. Diversification involves spreading your investments across different assets or stocks. This strategy helps spread risk and reduce the impact of a single stock's performance on your overall portfolio. Consider diversifying across various industries and sectors to mitigate risk further.

6. Stay Informed and Updated

Staying informed about current events, economic indicators, and company news is crucial for intraday traders. Sudden news developments can significantly influence stock prices. Keep an eye on financial news, earnings reports, and economic calendars to make well-informed trading decisions.

7. Exercise Caution with Penny Stocks

While penny stocks may seem enticing due to their low share prices, they can be highly volatile and risky. These stocks often have limited liquidity and are more susceptible to manipulation. If you're considering trading penny stocks, approach them with caution and conduct thorough research before making any decisions.

8. Practice with a Demo Account

Before risking real capital, consider using a demo or paper trading account to practise your intraday trading strategies. This allows you to get a feel for the market without the financial risk. It's an excellent way to refine your approach, test different techniques, and gain confidence in your trading abilities.

9. Develop and Stick to a Trading Strategy

Having a well-defined trading strategy is essential for consistent success in intraday trading. Decide whether you'll focus on technical analysis, fundamental analysis, or a combination of both. Outline your entry and exit criteria, risk management rules, and position sizing guidelines. Adhering to a clear strategy helps maintain discipline and minimises impulsive decision-making.

10. Maintain Emotional Discipline

Emotions can be a trader's worst enemy. Fear, greed, and impatience can lead to hasty decisions and potential losses. Cultivate emotional discipline by adhering to your trading plan and staying rational, regardless of the market's fluctuations. Remember, every trade is a learning opportunity, and losses are part of the journey to becoming a successful intraday trader.

Conclusion

Diving into the world of intraday trading can be both exhilarating and challenging. Armed with the right knowledge and strategies, you can confidently navigate this fast-paced market. Remember, crucial steps include selecting the right stocks, setting clear targets, and implementing risk management measures. Stay informed, diversify your portfolio, and exercise caution, especially with penny stocks. Practice with a demo account, develop a solid trading strategy, and, above all, maintain emotional discipline. Each trade is a learning opportunity; over time, you'll refine your skills and increase your chances of success. Happy trading!

Unlock Stock Market Opportunities with Religare Broking

Open Trading Account
Religare Broking

Religare Broking

Related Posts

What Are the Best Swing Trading Strategies?
Online Share Trading

What Are the Best Swing Trading Strategies?

May 16,2025

How to Select Stocks for Swing Trading
Online Share Trading

How to Select Stocks for Swing Trading

May 13,2025

Option Trading Strategies for Experienced Traders in 2025
Online Share Trading

Scalping vs Day Trading: Which Strategy is Best for Fast Gains?

May 13,2025

10 Great Ways to Learn Stock Trading
Online Share Trading

Stock Market for Beginners: Ten Great Ways to Learn Stock Trading

May 06,2025

What is After Hour Trading
Online Share Trading

What is After Hour Trading?

May 07,2025

NISM Certification eligibility and benefits
Online Share Trading

What Retail Investors Can Learn from FIIs & DIIs Activity

May 07,2025

Disclaimer:This blog is written exclusively for educational purpose. Any stock mentions in the blog are examples and not recommendations. Please refer to our research reports or analyst recommendations for stock ideas.

No Result
View All Result

Open a Free Demat & Trading Account

Please enter valid name
Please enter valid phone

Category

  • Income Tax (1)
  • Commodity Trading (16)
  • Saving Schemes (12)
  • Derivatives Trading (80)
  • Currency Trading (4)
  • TradingView (2)
  • Margin Trading (2)
  • National Pension Scheme (2)
  • Algo Trading (2)
  • Stock Market (166)
  • Online Share Trading (103)
  • Demat Account (38)
  • Mutual Funds (45)
  • IPO (26)
  • Indian Market & Economy (8)
  • Income Tax (15)
  • Uncategorized (1)

Popular Blogs

What is Forex Trading: A Comprehensive Guide understand to Forex Trading
A Comprehensive Guide to Understand Commodity Trading?
How Can I Make Money From Forex Trading
Candlestick Patterns for Trading

Latest Blogs

Top ETFs In India
Top Gold ETFs in India
Highest Dividend Yield Stocks In India
What Are the Best Swing Trading Strategies?
Option Trading Strategies for Experienced Traders in 2025
Top Risk Management Techniques for Active Traders
How to Select Stocks for Swing Trading
Scalping vs Day Trading: Which Strategy is Best for Fast Gains?
IPO GMP – Latest IPO Grey Market Premium
Stock Market for Beginners: Ten Great Ways to Learn Stock Trading
Learn More About Online Share Trading


Markets

  • Stock Market Live
  • Derivatives
  • Commodities
  • Currency
  • Upcoming IPO
  • Listed IPO

Products

  • Overview
  • Equity
  • Derivatives
  • Commodities
  • Currency
  • Margin Trading Facility
  • IPO
  • IPO GMP

Services

  • Tin FC
  • NPS
  • DSC
  • Open Demat Account
  • Open Trading Account

Research

  • Investment Ideas
  • Trading Calls
  • Research Reports
  • Blog
  • Knowledge Centre
  • Stock Market Holidays
  • NSE Holidays
  • BSE Holidays

Support

  • Contact Us
  • Locate Us
  • Downloads
  • Margin Calculator
  • Margin Matrix
  • Feedback
  • Activation Key
  • Demat Account FAQs
  • Trading Account FAQs
  • About Us
  • Notification
  • Disclaimer
  • Privacy Policy
  • Terms Conditions
  • Rules Regulations
  • Corporate Information
  • Educational Note For Clients On PMLA
  • Partner with Us
Important Links
  • NSE
  • BSE
  • SEBI
  • MCX
  • NCDEX
  • MSEI
  • NSEL
  • IRRA
Investor Complaints
  • NSE
  • BSE
  • MCX
  • SEBI
  • SEBI SCORES
  • NCDEX
  • MSEI
  • SMARTODR
E-Voting Facility
  • NSDL
  • CDSL
Upcoming IPO
  • OYO IPO
  • Yatra Online IPO
  • Ixigo IPO

Unified Portal Version No.1.0.0.2

Copyright 2010 Religare. Trademarks are the property of their respective owners. All rights reserved. Religare Broking Limited (CIN: U65999DL2016PLC314319), Registered Office: 802-815B, 8th Floor, Gopal Das Bhawan, 28-Barakhamba Road, Connaught Place, New Delhi -110001
Telephone No.: +91-011-49871213 | Fax: +91-011-49871189
E-mail: wecare@religareonline.com

Member Religare Broking Limited (RBL) : SEBI Regn. No. INZ000174330 NSE CM, F&O, CD TM Code: 06537 Clearing Member (F&O) No. M50235; BSE CM, F&O, CD, CO Code: 3004 Clearing No: 3004; MSEI CM, F&O, CD, TM Code: 1051 | MCX Membership No. 56560 | NCDEX Membership No. 01276 | AMFI-registered Mutual Fund Distributor ARN No.139809.

Member Religare Commodities Limited (RCL) : Regn No. MCX 10575 | NCDEX 00109|NeML 10042|NSEL 10180 |SEBI Registration No. MCX/NCDEX :INZ000022334.

Depository Participant : Religare Broking Limited (RBL) - NSDL: DP ID: IN 301774 | SEBI Regn. No: IN-DP-385-2018 | CDSL DP ID: 30200 | SEBI Regn. No: IN-DP-385-2018

Religare Broking Limited(RBL) : Research Analyst SEBI Regi. No : INH100006977

Religare Broking Limited(RBL) : Registrars to an issue and share Transfer Agents (RTA) - SEBI Regi. No : INR000004361

Religare Broking Limited(RBL) : Corporate Agent (Composite) - IRDA Regi. No : CA0581

Religare Broking Limited(RBL) : National Pension System - Point of Presence (NPS-POP) - PFRDA Regi. No : POP01092018

Advisory for Investors

  • Investor Charter Stock Broker
  • Investor Charter Research Analyst
  • Investor Charter of Depository Participant
  • Advisory KYC Compliance
  • Investor Charter of Registrars to an issue and share Transfer Agents (RTA)
  • For Reporting of Cyber attack/incident Click here..!!
  • Details of Client Bank Accounts of Religare Broking Limited
  • How to Link Your Aadhaar Number with Demat Account
  • How to link Aadhaar Card with your PAN Card
  • How to Open a Demat & Trading Account Online
  • Member Details
  • SOP - Centralized mechanism for reporting the demise of an investor through KRAs
  • SEBI Investor Website
  • Quiz-NFL-Banner

ATTENTION INVESTOR

-- Stock Brokers can accept securities as margin from clients only by way of pledge in the depository system w.e.f. September 1, 2020.

-- Update your mobile number & email Id with your stock broker/depository participant and receive OTP directly from depository on your email id and/or mobile number to create pledge.

-- 20% upfront margin of the transaction value to trade in cash market segment.

-- Investors may please refer to the Exchange's Frequently Asked Questions (FAQs) issued vide circular reference NSE/INSP/45191 dated July 31, 2020 and NSE/INSP/45534 dated August 31, 2020 and other guidelines issued from time to time in this regard.

-- Check your Securities /MF/ Bonds in the consolidated account statement issued by NSDL/CDSL every month.

-- Prevent unauthorized transactions in your account - Update your mobile numbers/email IDs with your stock brokers. Receive information of your transactions directly from Exchange on your mobile/email at the end of the day - Issued in the interest of Investors.

-- Prevent Unauthorized Transactions in your demat account Update your Mobile Number with your Depository Participant. Receive alerts on your Registered Mobile for all debit and other important transactions in your demat account directly from Depository (NSDL/CDSL) on the same day issued in the interest of investors.

--If you have any grievance you may reach Religare Broking Limited at igreligare@religare.com & Religare Commodities Limited at ig.commodities@religare.com.
If the complaint does not get redressed within 30 days, the complainant may use SCORES to submit the grievance.

--Filing complaint on SEBI SCORES – Easy & quick
a. Register on SCORES portal.
b. Mandatory details for filing complaints on SCORES - Name, PAN, Address, Mobile Number, E-mail ID.
c. Benefits - Effective Communication & speedy redressal of the grievances

-- No need to issue cheques by investors while subscribing to IPO. Just write the bank account number and sign in the application form to authorise your bank to make payment in case of allotment. No worries for refund as the money remains in investors account.

-- KYC is one time exercise while dealing in securities markets - once KYC is done through a SEBI registered intermediary (broker, DP, Mutual Fund etc.), you need not undergo the same process again when you approach another intermediary.

-- Trading and Demat Accounts opened under Insta Plan will not be eligible for dealing through branches.

-- Please note that by submitting your mobile and email on our website, you are authorizing us to Call/SMS/Whtsapp/RCS/Email you even though you may be registered under DNC. We shall Call/SMS you for a period of 12 months.

No Result
View All Result
  • Products
  • Research
  • Career
  • Partner with us

© 2021 RELIGARE -Designed By Religare.

Open Demat Account
Please enter valid name
Please enter valid phone

Open a FREE Demat
& Trading Account

Invest in Stocks, IPOs, F&O &
Mutual Funds

Please enter valid name
Please enter valid phone
religare logo

Get better recommendations, Make better investments.

Daily Stock Suggestions from Leading Experts!

By signing up, you agree to receive updates on SMS, Email & WhatsApp