Intraday or day trading is a good starting point for those who are new to trading. While this option can help you make some quick bucks it is definitely risky. It is always better to follow some NSE intraday tips so as to minimize your losses.

Put in efforts to understand things

As most NSE trading tips say, there are no short cuts when it comes to making money through stock trading. You will have to do a lot of research and you need to have a whole lot of experience. There is no formula that can help you get rich overnight. Not all NSE stock market tips can help in generating profits through intraday trading. It requires months of efforts just to understand how things work.

Adopt a practical approach

Profits and losses are a part of intraday trading. You need to understand that the movement of the intraday stocks has a lot to do with the market sentiments. Blindly following the NSE share trading tips may not be adequate here. You will have to understand the movement of the stocks and trade accordingly. In a bullish market, it makes sense to make small profits by buying and selling a few times. If it seems bearish, you can buy at lower levels based on NSE stock market recommendations or short sell at small profits.

Minimize your losses

It is not possible to generate profits all the time through intraday trading, even if you follow NSE share market tips to the Tee. Nevertheless, it is definitely possible to minimize your losses. Trading a stock every time there is a movement in its price is not a good idea when it comes to intraday trading. You need to wait for the right time. Also it is better to plan multiple trades based on NSE intraday tips and make small profits instead of focusing on generating huge profits through one trade. It is important not to overtrade as it might lead to losses.
In intraday trading there is no way anyone can control the movements of stocks. It does not seem feasible to wait too long to trade. If the direction of the stock reverses, you might end up into a loss. This is where it makes sense to use stop losses. This will minimize your loss even if there is a sudden reversal in the direction of the stock.

Never use the margin amount

You need to take care not to make use of the margin amount that is offered by your broker. In such a case the trade will have to be squared off even before the market closes. If your trade leads to a loss, it is always better to opt for the delivery of those shares. Always use only 50% of your money in intraday trading. The remaining 50% should be used as a backup. Intraday trading is not about becoming rich overnight. It is about earning small profits every day.

Focus on shares that have a minimum price range of Rs.10

While choosing stocks for intraday trading, it is better to select those that have better price movements than higher volumes. There should be a difference of at least Rs.10 between the intra-day high and intra-day low price of a stock. Anything lower than that will not be worth trading.

Look out for the Volatility

It does not matter what the NSE intraday tipssay; what is more important is to trade the right stock at the right time. The most volatile time to trade in Indian stock markets is 9:30 to 11:30 AM.  The right stock would be one which has a positive beta of 1 or above. It can go up to 2 or 2.5. Your trading software should display this beta. Such stock will tend to move well in line with the market.

Track the supply and demand of individual stocks

Always measure the sell quantity of a stock against its buy quantity before you blindly follow the NSE intraday tips. If the sell quantity of a particular stock exceeds the buy quantity it is better not to buy that stock.
Understanding these NSE intraday tips does not mean that you start trading immediately. You will have to develop the ability to understand technical analysis before you start