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Buying and selling of stock within the same trading day for earning profits by harnessing the movement of stock indices.
The trader purchases the stocks not to invest but to earn profit by harnessing the movement of stock indices. Thus, the trader need to monitor the fluctuation in the prices of the share to earn profits.
Things you should keep in mind while doing an Intraday trading:
The trend of the stock
The support and resistance levels
To know more about the time to do the intraday trading, check out our blog on "Best Time Frame for Intraday Trading."
Example :
A trader places the MIS order to buys 100 Reliance shares for Rs 1000 each in the morning after 9.15 and sell those before 3.30 same day.