Intraday trades involve buying and selling a stock/ Index within on the same day. If your position is not squared off by the end of the day, your stock/Index can be sold automatically at the day’s closing price under certain brokerage plans.
Most traders initiate an intraday trade by setting a target price for a stock and buying it if it is trading below the target price. They then sell the stock if it reaches the target price or if they feel the stock won’t reach the target before the market closes for the day. The motive behind trading shares intraday is to make quick profits within a day.
Let’s take a simple example –
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Date | Instrument | Day Trend (As per Technical Indicator) |
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