For traders who want to make short term gains there is intra-day trading and involves buying and selling of a scrip within a trading session i.e. on the same day. This is engaged in via online trading platforms. Say if you buy 1000 units of 'X' stock which opened the session at a price of Rs. 500 and then in few hours climbs to Rs. 550 then you can make quick profit of Rs. 50,000 in a single day of trade.
So, for day traders Angel Broking recommends buying 2 scrips as below:
Intraday Cash Buy-Raymond: Angel Broking has recommended buying the scrip of Raymond for intra-day trade in the price range of Rs. 509.5-513.4 for a price target of Rs. 532. The brokerage firm has suggested to place a stop loss of Rs. 502.4. So if you buy the scrip at the upper end of the suggested price band you can make a profit of over 3 percent in a day.
Intraday Cash Buy-Tata Motors: Another Intra-day cash buy by the brokerage is Tata Motors at Rs. 516.6-518.6 with a price target of Rs. 535 and stop loss at Rs. 508. Likewise for Tata Motors, day trader can earn a return of over 3 percent.