Which is Best Intraday Tips App for Indian Stock Market?
- Asked By
- Updated On:28-Jan-2021
- Replies:2
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:
- How the tip is generated?
- How it can help you in making profits out of day-trading?
- 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.
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Discussion (1)
When talking about the best stock broker in India, we cannot rule out Zerodha. It is the market leader in bargain stockbroking, is premised in Bengaluru, and accounts for more than 15% of total retail trading activity in the country. Mr. Nitin Kamath formed the leading brokerage firm in 2010 Kamath, and it now has a customer base of over 6 million.
The differences between the two stockbrokers might be plenty, but the better one between them comes down to the differences they sport. Let’s learn a bit more about them and understand what each one has to offer before making a final decision.
You might have read about different stock brokers in India. Here I'll review two of the most popular discount brokers in India: 5Paisa v/s Zerodha Comparison.
Zerodha is an Indian discount stock broker which provides various services to its customers. Zerodha is a paid platform with Rs 200 as account opening charges and their brokerage rates are different for each segment which are discussed in detail.
Discount brokers have gained a lot of popularity in the past couple of years. Zerodha is currently India's largest and most trusted discount broker which is also the best option for beginners. It has all the necessary qualities required for a good broker like low commissions, low-maintenance charges, high-quality trading terminal, etc.
Stoxkart is a safe and reliable brokerage house in India. Stoxkart is a SEBI registered broker and depository participant of CDSL to offer Demat account opening services to its clientele base.
I was just going through some stock broker reviews. So, I thought of sharing my opinion, A side by side Comparison of two popular stock brokers: Sharekhan vs. Zerodha.
Nifty and Sensex and two stock market index given to the top performing, financially established and stable companies where most of the individuals prefer investing.
Trading can be done employing many techniques. Some of them are Intraday trading, swing trading, scalping, and positional trading. Intraday and scalping comprise two forms of trading where the positions are squared off on a particular day. Whereas in positional and swing trading, the positions are held on for weeks or months.
Yes, it is completely safe to invest your money in the stock market using Paytm money App. In fact, PayTm has come up with stock broking services recently and trying to establish itself in the said field. And, to give tough fight to top existing players it has to keep its services up to the mark. Paytm Money made a big name in mutual fund investment industry and now it's time to see its performance in the stock brokers' world.
Harshil Patel
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.