Which is Best Intraday Tips App for Indian Stock Market?

Short Answer

Making money off the stock market is no easy feat. It would help if you had a calculated investment while reading the stock market and ensuring that you have all the metrics checked out for making a sensible investment.

Detailed Answer

Are you a new-comer in the stock market who is heading directly to the intraday trading?

It has often been seen that the many day traders trade to make instant profits with no knowledge of stocks or stock market whatsoever. People who come to trade intraday with the intent to become rich overnight generally burn their hands definitely.

While some smart people opt for intraday trading tips and professional advisory to make better decisions. However, they are still not smart enough to choose the right app or the web platform that can help them with their intraday trading.

Generally, the intraday tips provided on stock market apps are based on their own trading style and strategy. One who takes the tip from such providers may not have knowledge of the strategy and enter a trade without any view.

Also, there is a huge gap between the trading tips sent by the stock advisor and trade executed by the trader. By the time, a trade is executed, the trader misses the opportunity. These are some of the drawbacks that are repeating from many years.

Intraday Trading App: Key Points to consider

It is important to consider three things when looking out for the best intraday trading app. These are as follows:

  1. How the tip is generated?
  1. How it can help you in making profits out of day-trading?
  1. How to check the performance of the tip?

There aren’t many apps that can match the above conditions. But, if you explore around you will definitely find such a stock market app or intraday trading app. These are stock market aggregator apps that connect the investors and traders with the SEBI-registered research analysts.

These are the research analysts compliant from Indian market regulator Securities & Exchange Board of India (SEBI) and authorized to provide buy & sell recommendations.

These analysts are market’s experts and professional stock advisors who hold the immense knowledge of the stock market and perform various technical and fundamental analysis before posting any recommendation to buy to sell an asset.

Further, the level of research performed by these analysts provide the peace of mind and allow you to make the crucial decisions at the right time that may convert to some potential returns.

The good thing about these platforms is, you can compare these recommendations and calls of analysts with one another on the basis of their past performance, reviews, ratings, accuracy levels, and target hits, etc. You can compare their calls and choose the right analyst that can help you in making good returns in intraday trading.

But, do not expect only profits even with the intraday trading tips. The market is volatile and exposed to various factors that could change the direction of the market anytime.

These are my personal views about stock trading apps. Feel free to share your opinions also on any intraday trading app you have tried using.

Tagged With: intraday tips apptrading appintraday tradingintraday tips
Categories: Stock Market
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Discussion (1)

    Never invest in intraday trading through someone else tips. All you have to do is study the market, see if there are portions entries on a lower time frame and then execute your trades. There is nothing better than seeing your trade being profitable based on your analysis and investments.

Related FAQs

Which is the best Trading tips provider in India?

There is not one particular Intraday trading Tips provider. While following a trading tip provider one should ensure that they are SEBI registered and have a decent track record of good Accuracy in their tips provided. The best way to get genuine tips is to follow the tips provided by Full-Service Brokers or Other SEBI Registered Companies who provide trading tips.

How will the T+1 settlement cycle affect Indian stock markets?

The T+1 settlement cycle is set to bring in many advantages to traders as investors as there will be an increase in liquidity and trading volume. There will be a subsequent reduction in the brokerage defaults and settlement auctions. On the other hand, there could be some problems like mismatch in liquidity among exchanges, FPI complications, etc.

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How to find good companies as there are many publicly listed companies in the Indian stock market?

To find good companies out of the thousand companies listen on the Indian stock exchange, you can filter stocks on the basis of certain parameters such as Market cap, Debt to Equity, Dividend payouts, Revenue and Profits growth, etc. You can easily use an online stock screener to find out these stocks.

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Open Interest is a parameter used by technical analysts and options traders to judge the mood of the market. Open Interest is the total number of outstanding option contracts in a particular strike price of an underlying asset. The OI is an important factor as it defines liquidity and the total number of contracts that are traded at a particular point in time.

Can I trade when markets are closed or shut?

No, it is not possible to trade when stocks markets are closed. However, you can place an After Market Order(AMO), which will be executed after the markets open on the consecutive trading day. These orders can be modified any number of times until they get executed,

Can I trade or invest Rs 100 in the share market of India?

You can definitely trade or invest Rs 100 in Indian stock markets. There are no monetary requirements to enter the stock market hence you can buy any share that is trading under Rs 100. Apart from direct stock investing/ trading, there are some indirect ways to own shares over Rs 100. This can be done through Mutual Funds.