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

Trading Karma February 21, 2024Last Updated: March 17, 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
Note # Pledge your investment in Equity or Nifty ETF to raise funds for intraday trading

Trade -1 (Reliance Intraday Trade) :-
Made a Short Position in Reliance around 9.30 ( Ref Chart),proved loss making Trade with sharp recovery in Reliance my stop loss got hit.

Trade-2 ( NIFTY Short Trade) :-Short Nifty with the help of Credit Spread (Ref Chart), sold 22200 CE & Bought 22300 CE, throughout the day NIFTY failed to breach that level & finally collopased in our Favour

Trade-3 (Reliance Intraday Trade ) ;-Again short Reliance this time @ 11.15 (Ref Chart ) it was classical reversal Trade with a clear support of Price rejection & Volume analysis and it played well

Reliance Intraday Chart

Reliance intraday chart