The Indian share market can be highly dynamic, with price movements driven by news, global cues, and investor sentiment. Whether you’re an intraday trader or short-term investor, starting your day with the right preparation is key. Here are practical tips to help you make better trading decisions every trading day.
Start with Pre-Market Preparation
1. Review Global Market Cues
Check how U.S., Asian, and European markets performed. They often influence Indian market sentiment.
2. Look at SGX Nifty
The SGX Nifty gives early indications of the Nifty 50’s likely opening trend.
3. Monitor Key News Events
Watch for earnings announcements, budget updates, RBI decisions, and economic data releases.
4. Check for Bulk Deals and Insider Trades
This helps identify potential high-volume stocks to watch.
During Market Hours
5. Don’t Trade Immediately After Market Opens
Wait at least 15–30 minutes after 9:15 AM. Early volatility can lead to poor decisions. (Refer to the 10 AM Rule.)
6. Use Stop-Loss Orders
Always protect your capital by placing stop-losses on every trade. Risk management is essential.
7. Focus on Limited Stocks
Don’t chase too many opportunities. Focus on 3–5 stocks with strong technical setups.
8. Avoid Overtrading
One or two good trades are better than 10 random ones. Avoid impulsive buying and selling.
9. Follow the Market Trend
Trade in the direction of the overall trend. Avoid going against strong market momentum.
After Market Closes
10. Review Your Trades
Analyze your performance. Understand what worked and what didn’t to improve your future trades.
11. Build a Watchlist for Tomorrow
Shortlist stocks showing potential breakouts, trend reversals, or news triggers.
12. Read Analyst Views and Market Wrap-Ups
Many platforms publish expert reviews by 6 PM. Use these insights to fine-tune your strategy for the next day.
Intraday Trade Checklist
- Is the stock liquid enough (high volume)?
- Is there a news trigger?
- What is the current trend (up/down/sideways)?
- Have you set a stop-loss and target?
- Are you trading with a clear plan?
Final Thoughts
Trading the share market daily requires discipline, planning, and emotional control. By following a structured approach, you can reduce mistakes and increase your chances of success. Stay updated, trade with caution, and never risk more than you can afford to lose.
Frequently Asked Questions (FAQs)
1. Which is the best time to trade in the Indian share market?
Between 9:30 AM and 11:00 AM is ideal as the trend becomes clearer and volatility reduces.
2. Can I rely on tips from Telegram or WhatsApp groups?
No. Avoid unverified tips. Base your trades on research and analysis.
3. How do I find good stocks for intraday trading?
Use screeners, watch F&O stocks, and look for news-based or high-volume movers.
4. Is daily trading profitable?
It can be, but it’s risky. Only a small percentage of traders consistently make profits.
5. What is the most important tip for today’s market?
Stick to your stop-loss and avoid emotional trades, especially during volatile sessions.