Do intraday trading with enough technical knowledge and experience as it's very risky. Intraday is high riskier than any other trading strategy. You can generate a decent profit in intraday trading when market movement is there or the market is volatile, only then you can earn something from it. So use you knowledge to generate a decent profit from the share market. Dont use your whole capital at once.
There are many stocks in which you can generate good profit on a daily basis. As per my point of view mid cap and large cap gives you decent results. Here are some of them which I want to share:
- ADANIPORTS
- AXISBANK
- ICICIBANK
- RELIANCE
- HDFCBANK
- TCS
- BPCL
- APOLLOTYRE
- MANAPPURAM
- MUTHOOTFIN
- TATAMOTORS
- KOTAKBANK
So these are the stocks as per my recommendation, there are many other stocks which you can consider in this list.
But be careful with the levels with you will going to buy or sell. See the stock movement of last 2–3 weeks. See the resistance level and support level of the perticuler stock and after that buy or sell anything.
Keep these points in your mind:
- Trade with the Current day trend.
- Keep the emotions aside.
- Avoid Overtrading.
- Look at the stock’s last two weeks' movement in which you want to trade.
- Find out the support level of the stock.
- Dont buy or sell anything with the current market price. Always place the limit.
- Place the limit of buying at day’s low and selling at day’s high.
- Always put the Stop-loss in your trade to minimize the risk/loss.
- Never average the trade or never do multiple trades in the same day. Never do trading aggressively.
- Invest only 50% of capital at once.
- Never trade in that stock which has some recent news.
- Whenever you feel that the market is highly volatile, avoid trading for that day.
- Whenever you are stressed, on that day also you should avoid trading.
- Never ever trade against the market trend.
- Treat trading as a business and not adventure sports.
Hope by this answer you can start your investment in a better way and you will succeed as a beginner or a newcomer.
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