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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 –

  • The share of SBI was trading at Rs 600/share at 10:15 AM. By 02:15 PM, the stock price had risen to Rs 620/share.
  • Mr. Sinha is an intraday trader. He bought 1,000 shares of SBI for Rs 600 in the morning. When the stock price went up to Rs 620, he sold his shares and squared off his position.
  • By doing this, he made a profit of Rs 20 per share i.e. Rs. 20,000 profit within a few hours.
  • That’s intraday trading at play.
  • Since day traders constantly buy and sell shares, they tend to incur huge brokerage charges. Generally, to execute an intraday trade, the intraday trader has to pay a brokerage which includes Securities Transaction Tax (STT), SEBI Regulatory Fee, Transaction Charges, Stamp Duty, and GST on brokerage.
  • And these charges might eat up a certain percentage of your intraday profit.
  • (Do check out our ZERO brokerage plans!)

    Date Instrument Day Trend (As per Technical Indicator)

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