Now that we are done with the narrative, let’s dive into the hard fast rules which work for me:

1. Only use margin once you have been able to turn a string of monthly profits for 3 straight months day trading.
2. Only use 10% of available margin on any one trade. So, if you have 250,000 cash or 1 million on margin, only use $100,000 per trade.
3. Only hold 3 trades at-a-time. This way in the above example your maximum exposure would be $300,000 dollars or 20% above your available cash.
4. Never lose more than 2% of your available cash on a trade. That would translate to a maximum loss of 2.5% on any trade.
5. Never hold a position overnight. If you are day trading, then do just that – trade during the day.
6. If you have a losing week, reduce the amount of margin by 25%

NSE stock recommendation for 29-04-2014

WOCKPHARMA ( Wockhardt Limited : )
Action	Trigger Price	Stop Loss	Target 1	Target 2		PE/EPS		Volume		first tgt profit
BUY ABOVE	724.21	702.37	757.4	794.22		24.0/30.0		5,724,567		4.58

UPL ( UPL Limited : )
Action	Trigger Price	Stop Loss	Target 1	Target 2		PE/EPS		Volume		first tgt profit
BUY ABOVE	277.29	262.51	291.91	307.91		29.0/10.0		31,256,718		5.27

Enjoy

Disclaimer: I am not responsible for any losses.

Free NSE Intraday trading tips for 28-04-2014

STAR ( Strides Arcolab Limited : )
Action	Trigger Price	Stop Loss	Target 1	Target 2		PE/EPS		Volume		first tgt profit
BUY ABOVE	527.77	513.81	558.99	592.86		0.88/597.86		4,564,389		5.92

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FRL ( Future Retail Limited : )
Action	Trigger Price	Stop Loss	Target 1	Target 2		PE/EPS		Volume		first tgt profit
BUY ABOVE	130.43	129.19	137.71	145.64		620.71/0.21		4,536,379		5.58

Play safe, make regular money.

Disclaimer: I am not responsible for any losses.

Day trading not allowed on 25-04-2014

How day trading works

1. Trade only with the current intra-day trend
2. Trade strong stocks in an uptrend, weak stocks in a downtrend
3. Be patient - wait for the pullback
4. Take profits
5. When the market reverses, step aside


High Liquidity and Volatility
Trading Volume.

Start Your Day Early

Find the Best Stocks to Day Trade with Pre-market Movers

Only Trade Stocks with High Volume

Develop your Own Watch list

Look back over your trade history

Focus on One or Two Stocks

Day Trading technical analysis

 

Market is closed today(24-04-2014) for elections

Analise stocks for tomorrow - 25-04-2014

http://www.intradaynse.com/level.aspx

http://finance.tipz.in/

http://www.shristocktips.com/

http://accurate-sureshot-stock-tips.blogspot.in/

http://nse.tipzin.com/

http://www.stock4gains.com/free-intraday-stock-share-tips/free-intraday-share-tips.php

http://www.indiainfoline.com/Markets/  for delivery




How to pick stocks for day trading

https://in.answers.yahoo.com/question/index?qid=20081231191250AA8R7N4





Check company results

http://www.dsij.in/     http://www.dsij.in/research/articles/dsij-mindshare.aspx

http://in.reuters.com/finance/markets/india-stock-market

http://profit.ndtv.com/

https://news.google.com/news/section?pz=1&cf=all&ned=in&topic=b&siidp=676ec9571c4283d3041f15449f07c3945cc7&ict=ln

NSE Day Trading - India

Market Times:

9:00 AM to 3:30 PM

Day Trading Stock Selection:

• Check the news related to stock market
• Read the recommendations at http://finance.tipz.in/
• Analyse all recommendations
• Select the stocks which promise wide range and margin
• Buy the stock before 9:30 AM and sell it at first target before 10:30 AM
• By 10:30 AM do one complete trade
• Buy the same stock at previous day closed rate and wait to sell at above first target
• Once you buy put the "squareoff" order immediately
• Intraday orders are automatically processed by IIFL
• Stoploss price is applied to both buy as well as sell orders