How to do Intraday Trading? | Select Best Momentum Stocks for Day Trade

So today in this video, we are going to learn about intraday trading Well, in a short video, you are going to understand in a very simplified way How to do intraday trading and to do intraday trading What setup you need to understand First of all, intraday means that you have to trade within a single day Whichever profit or loss will be there in the same day Now many people confuse intraday trading with option trading Because many people trade in options only in intraday But today we are going to talk specifically about What is intraday trading and how it is done And which stocks you have to pick for intraday Which stocks can give you momentum So how can you catch that So let's start, first of all, let's understand intraday trading Whenever we talk about buying a stock For example, let's take Reliance I wrote Reliance and added it I want to buy it, so when I buy it, it is a delivery trade Now I want to buy 1 stock, I want to buy 10, I want to buy 100 It is on me, so here it will cost 2.99 lakhs If I buy 100 Reliance stocks But if I want to buy it in intraday Means I will secure my position today Whatever the profit and loss, it will cost me only 59,000 rupees So this is the difference of trading in intraday We get leverage and people's money is less We understood this point Now the second thing is that Profit and loss will be 3 lakhs So you are getting profit and loss according to 3 lakhs Although your money is less, money is almost 60,000 rupees So you are getting 5 times less money But if there is a profit, then according to 3 lakhs If there is a loss, then according to 3 lakhs Now if I want to make money in intraday For example, we talked about Reliance So let me open Reliance here Let's open it on full screen This is Reliance chart Now if you want to make position in Reliance Then two things can happen Your analysis may say that Reliance will go up from here So you will buy in intraday Okay Your analysis may say that Reliance can fall from here So I want to sell it So we can sell in intraday And we get margin of same 5 times So this was another important thing Now what is important is how to pick up stocks for intraday Now many people use different methods Let me explain you a simple method Whenever we want to pick up a stock So first of all we should know the sector In which sector it is increasing today You can use auto-render software I will give its link in description and pinned comment When you go to auto-render Many people use it for nifty bank They use it for PCI data But if you see here So first of all leading sector and lagging sector Their names come Means such sector which is on boom today Like it is seen in reality That reality is leading sector today Its stocks are showing fast And which sector is showing middle IT is showing middle So now you got the name of sector first Although here stocks are also running Stock recommendations are coming here So let me explain you first If you want to trade in reality Then how will you do it Here you will go to sectors and then to reality So here we can see the names of stocks DLF, Godrej property and overall reality Now here you can see Here you can see the levels to buy If stock comes above these levels Then you can buy For example, let's go to Godrej property So here it is written that Current market price is 3160 But when it crossed 3073 Then there was a buying signal here You were given target and stop loss here So now let's go to the chart For example, let's go to Godrej properties So here was the recommendation on Godrej property To buy at 3073 3073 Whenever it crossed Let me put a line here So going to this level Because you can see that Today after 10 o'clock this level had crossed So here around this level You buy here What is your target? Your target is 3134 Which it has achieved 3134 was your target This was the first target After this, the second target is also given to you 3180 Which it has just touched Ok And similarly stop loss is given here 3043 So here 3043 Let me put a line here Ok So if you take entry in this trade Here at this level Then this would be your stop loss This would be your first target or second target Although it has been achieved So now if you At any time you want to trade So in this way, first of all You will see the leading sector and lagging sector So now let's go to the example of IT IT is the lagging sector for today In this example, the name Infosys is written Let me open the chart of Infosys And here we have opened the chart of Infosys The line I have put here is 1880 So it is written here that below 1880 So we will sell And above 1891 So we will buy So let me put another line here 1891.75 If it goes above this line So we will buy And sell So what happened to us first With the help of a software Stocks identification was helped I told you this in sectors Otherwise here you see for intraday These 5 minutes and 15 minutes For intraday, the names of the stocks are coming here Bullish stocks are coming here And bearish stocks are coming here Now we have added some stocks here in the watch list So whatever the names of these stocks are here MNM MCX UBL IGL For example, Bandhan Bank All these stocks' names are already here For example, if you trade in Bandhan Bank So Bandhan Bank is a private bank So here it said If it goes above 208.6 Then you can buy So the level of 208.6 Has crossed around 1140 And now From there In intraday It has given a move of 3% Now we will talk about Which stocks we can go For example Let's go to auto 3036 So MNM, Mahindra and Mahindra 3036, so almost Around the same level And here we can plot stop loss and target So stop loss is 3006 So let's plot 3006 here This level will be Stop loss level Okay And our first target is 3096 3096 Alright So if you want to trade here How will you do it? Let's say you want to buy 100 quantities So you will need 3 lakh rupees For 100 quantity delivery But on intraday Your margin will be 1 fifth So you will need around 60,000 rupees If you want to buy in intraday Now if we want to buy in market We will review and submit Our trade is placed here Now in this trade, whatever your profit and loss Will be seen here So here on Mahindra and Mahindra We have traded 100 quantity in intraday And in this Whatever profit is there You can see it Now you want to place a limit order here That if the price of 3096 Comes, then my trade will get cut So you will go to exit position You can place a limit order here So if you want to Go to 3096, then you will Review exit order and submit So in your orders You can see open order here Already your open order is placed So it is open now When this price will come, then your trade will get cut Now here in intraday Whatever your profit and loss Will be seen here You can cut your position whenever you want If you think you got a good profit You can go in between This is the benefit And this way we can identify the stocks For beginners, it is a simple thing But if you are doing intraday trading Then learning technical analysis is very important And for that We have already made a detailed video You will get the link on i button and end screen Learn technical analysis And not just one video, there is a playlist on technical analysis So i will tell you the whole playlist That you must watch Finally you can share this video to spread the awareness If you have any questions, you can ask in the comments We will meet in the next video Subscribe this channel, click on the bell icon You go self made and Jai Hind