15 Feb | What is intraday trading | how to do intraday trading | Intraday trading idea

Trading Karma February 15, 2024Last Updated: February 15, 2024

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What is intraday trading ?
Taking position only for intraday but with proper SL & Target.
Our intraday trading strategy :- we do intraday trading HDFC Bank + Reliance +TCS & NIFTY Credit Spread.

Trade # 1 ( Intraday Trading in Reliance)
Made a short position in Reliance, it was classical reversal Trade when I realised after a gap up opening price is not sustaining, made a short position & it delivered Gross Profit of 2956 within 2 hrs.

Trade # 2 (Intraday Trading in NIFTY)
Made a Credit Spread in NIFTY around 9.30 ( Sold 21900 CE @ 41.95 & bought 22000 CE @ 11.55), on expiry day it was clear fight between Bears & Bulls on 3.25 squared off position with a Gross Profit of 757, in same duration NIFTY 22000 PE was trading around 142 (@9.30) and closed around 94 (@ 3.15)