Indian benchmark indices in trade on March 17, 2022 are trading on a strong note amid positive global cues. At the time of writing this copy at 10:36 am, Nifty is up by 287 points at 17259, while broader indices are also trading higher.
Meanwhile, Angel One-a renowed brokerage firm's Intraday Cash Buy recommendations for trade on March 17, 2022 are as below:
|Stock||Buy range||Target||Stop loss|
|Tata Motors DVR||212.5-213.5||221||209|
Also the brokerage has come up with one short term cash buy idea and suggested to 'Buy' the scrip of Amara Raja Batteries at the price range of Rs. 585.5-586.5, with a SL of Rs. 573 and target of Rs. 610.
What is intraday trading?
Intraday trades primarily are settled on the same day and do not result in any delivery as the positions get squared off on the same day. Say for instance you buy 500 shares of SBI @ Rs. 400 each and sell them later during the trading hours at Rs. 402 then your profit on the trade will be Rs. 1000. Hence other than the brokerage recommendations, you also need to analyse that the stock you pick for intra day trade is predictable and also has movement.