The brokerages in order to enable traders to make quick profits based on their research come up with intraday stock recommendations. Also called day trading, traders try to benefit from the stock price fluctuation. But besides the recommendations, one shall be better off in intra-day trades if they adhere to the below pointers:
Pointers to note when engaging in intra-day trades:
Keep note of liquidity:
Choose the stocks with higher volumes as traders then get ample opportunity to square off their open positions. For this always take note of daily volume of that zeroed in scrip for intra-day trades.
Low volatility stocks should be avoided in case of intra-day trades and hence for making the best move will be to pick up stocks with moderate to high volatility.
Angel One Intraday Cash Buy recommendations for January 12, 2021:
Kotak Bank: Buying range Rs. 1970.5-1973.5, SL-1945, Target-Rs. 202
Sun Pharma Advanced Research Company: Buying price range- Rs. 317.6-319.1 for a target of Rs. 332. Stop loss suggested is Rs. 311.8
Hindalco: Buying range- Rs. 494.6-496.6, SL-Rs. 485.2. Buy this metal scrip for a target price of Rs. 515
HEG: Buy this electrode company stock for target price of Rs. 1885, buying range- Rs. 1842-1844
Tata Motors: Intraday buy recommendation for a target price of Rs. 522, buying range is Rs. 508-510.
Disclaimer: The stocks above are taken from the Angel One mobile app from the Research section.