Intraday trading ideas as recommended by brokerages based on extensive research enables traders in the market to make quick gains in a day. Herein you square off positions on an intra-day basis i.e. say if you take 'buy' position in the stock you cover it the same day by then making a 'sell' on it later during the day. Hence, there is no transfer of ownership of shares.
Likewise, Angel Broking an highly recognised brokerage house comes up with daily calls for traders in the market. So, below are given the intra-day trading ideas by the brokerage for today (December 9, 2021)
Intraday Cash Buy ideas
Tata Steel: Buy this steel major's stock in the price range of Rs. 1162-1168; SL-1148.4 for a target price of Rs. 1199
Mphasis: But the stock of mid-tier IT company Mphasis in the price range of Rs. 3140-3143 for a price target of Rs. 3210. SL for the trading is Rs. 3101
Tata Chemicals: Intra-day on the stock is recommended in the price range of Rs. 922.85-924.85; SL- Rs. 909.5 for a target of Rs. 952
Adani Enterprises: Buy the stock of flagship company of Adani group for an intra-day price target of Rs. 1772 in the range of Rs. 1730-17231. The stop loss to be maintained is 1707
Intraday Cash Sell ideas
IPCA Laboratories: Intraday Cash sell is recommended for the pharma company in the price range of Rs. 2020.9-2022 for a target price of Rs. 1990 Stop loss for the suggested intra-day sell idea is Rs. 2039.