Intraday trading can be a great way to earn daily income from the stock market. Many traders aim to make at least ₹1000 per day, but it requires skill, strategy, and discipline. In this guide, we will explore How to Earn 1000 Daily Intraday Trading in Share Market? you can achieve this goal step by step.
What is Intraday Trading?
Intraday trading, also known as day trading, refers to buying and selling stocks within the same trading session. Unlike investors who hold stocks for the long term, intraday traders aim to make profits from short-term price movements.
How Does It Work?
The stock market is a dynamic system where shares of publicly-traded companies are bought and sold. Here’s a simplified overview of how it works:
- Companies Go Public: Companies issue shares through an Initial Public Offering (IPO) to raise capital. Once listed, these shares are available for trading on stock exchanges like the NSE and BSE in India.
- Buying and Selling: Investors can buy and sell shares through stockbrokers. When you buy a share, you are purchasing a small ownership stake in the company.
- Supply and Demand: Share prices fluctuate based on supply and demand. If more people want to buy a stock, its price goes up. If more people want to sell, its price goes down.
- Market Orders and Limit Orders: Investors can place different types of orders. A market order executes immediately at the current price, while a limit order sets a specific price at which the trade should execute.
- Dividends and Capital Gains: Investors can earn returns through dividends (a portion of the company’s profits) and capital gains (selling shares for a higher price than purchased).
- Stock Indices: Indices like Nifty 50 and Sensex track the performance of a group of stocks, providing a snapshot of market trends.
- Regulation: Regulatory bodies like SEBI (Securities and Exchange Board of India) ensure market fairness and transparency, protecting investor interests.
The stock market is influenced by various factors, including economic indicators, corporate performance, and global events. It offers opportunities for growth but also comes with risks, so it’s essential to invest wisely.
Step-by-Step Guide to Earn 1000 Daily in Intraday Trading
Capital Requirements: Starting with a minimum of ₹10,000–₹50,000 can help you trade efficiently.
Trading Platform and Brokerage: Choose a low-brokerage platform with fast execution and real-time data.
Choose the Right Stocks
- Select highly liquid stocks with good trading volumes.
- Focus on stocks with high volatility to capitalize on price fluctuations.
- Stocks from sectors with high market activity (banking, IT, FMCG) are ideal.
Master Technical Analysis
Technical Analysis is a method used to predict future price movements of stocks by analyzing past market data, primarily price and volume. Traders use charts, patterns, and indicators to identify trends and make informed trading decisions. Key components of technical analysis include support and resistance levels, trendlines, moving averages, Relative Strength Index (RSI), and MACD (Moving Average Convergence Divergence). This approach assumes that historical price movements tend to repeat due to market psychology.
Unlike fundamental analysis, which focuses on a company’s financials, technical analysis is purely based on market activity. By studying price action, volume spikes, and momentum, traders can determine entry and exit points. It is widely used in intraday trading, swing trading, and algorithmic trading to enhance profitability and manage risk efficiently.
- Use candlestick charts to analyze market trends.
- Learn to read support and resistance levels.
- Utilize technical indicators like Moving Averages, RSI, MACD, and Bollinger Bands to identify entry and exit points.
Selecting the Right Stocks for Intraday Trading
- Liquidity: Pick stocks with high trading volume for easy entry and exit.
- Volatility: Trade stocks that move at least 2-3% daily for profit potential.
- Sector Selection: Focus on trending sectors for better price movement.
Set a Profit and Loss Target
- Use a risk-reward ratio of at least 1:2.
- Set a stop-loss to limit losses.
- Book profits at the right time to avoid missing out on gains.
Follow Market Trends and News
- Keep track of economic news, corporate earnings, and global market trends.
- Follow pre-market and post-market analysis for insights.
- Subscribe to real-time alerts from financial websites and apps.
Use Leverage Wisely
- Many brokers offer margin trading, but excessive leverage can lead to huge losses.
- Trade with a manageable margin to protect your capital.
Intraday Trading Strategies
Scalping Strategy
Scalping is a short-term trading strategy where traders aim to make small, quick profits from minor price movements. It involves executing multiple trades within seconds to minutes, capitalizing on bid-ask spreads and short-term trends. Scalpers rely on technical analysis, high trading volumes, and low transaction costs to maximize gains. They often use indicators like moving averages, Bollinger Bands, and RSI to identify entry and exit points. This strategy requires discipline, fast decision-making, and strong risk management, as small price fluctuations can lead to losses. Scalping is commonly used in forex, stocks, and crypto markets, benefiting from market volatility and liquidity.
- Make multiple small trades throughout the day.
- Take advantage of small price movements to accumulate profits.
Breakout Strategy
A breakout strategy is a trading approach where traders enter positions when the price moves beyond a key support or resistance level with high volume. This signals the start of a new trend, either upward or downward. Breakouts can occur in stocks, forex, and crypto markets. Traders use chart patterns like triangles, flags, or channels to identify potential breakouts. Stop-loss orders are placed to manage risk if the breakout fails. Successful breakouts can lead to strong price movements, making this strategy ideal for trend-following traders.
- Trade stocks when they break significant support or resistance levels.
- Look for high trading volumes as confirmation.
Momentum Trading
Momentum trading is a strategy where traders capitalize on the strength of an existing market trend. They buy assets when prices are rising and sell when prices start to decline, aiming to profit from continued momentum. This strategy relies on technical indicators like the Relative Strength Index (RSI), Moving Averages, and the MACD to identify strong trends.
Momentum traders look for high trading volumes and volatility, as these factors increase the chances of sustained price movement. They often use short- to medium-term time frames, ranging from minutes to weeks. Risk management is crucial, as sudden reversals can lead to losses. Stop-loss orders and trailing stops help protect profits.
This strategy is popular in stocks, forex, and cryptocurrency markets, where price trends are influenced by news, earnings reports, and market sentiment. Traders exit positions when momentum weakens, ensuring they lock in gains before trends reverse.
- Trade stocks moving in a particular direction with high momentum.
- Buy when the stock shows strong upward momentum and sell when momentum weakens.
Maintain Trading Discipline
- Never let emotions drive trading decisions.
- Stick to your strategy and avoid overtrading.
- Keep a trading journal to track performance and improve strategies.
How Much Capital Do You Need to Earn ₹1000 Daily?
To make ₹1000 per day, you need a good capital base. Here’s an estimation:
- If your average profit per trade is 2%, you need at least ₹50,000 to ₹100,000 capital.
- With leverage, you can trade higher volumes but at increased risk.
- Start small and increase capital gradually as you gain experience.
Best Time to Trade for Maximum Profit
- Market Opening Volatility: First 30 minutes have high volatility, ideal for experienced traders.
- Mid-Day Trends: Market stabilizes, best for less risky trades.
- Market Closing Moves: Last hour sees price swings, offering trading opportunities.
Best Trading Platforms for Intraday Trading in India
- Zerodha – Low brokerage, user-friendly interface.
- Upstox – Advanced charting tools, fast execution.
- Angel One – Good research support, beginner-friendly.
- ICICI Direct – Trusted brokerage with excellent customer support.
- 5Paisa – Low-cost trading for beginners.
Common Mistakes to Avoid in Intraday Trading
- Ignoring Stop-Loss:Not setting a stop-loss can wipe out your capital quickly.
- Overtrading: Making excessive trades leads to high brokerage fees and unnecessary risks.
- Trading Without a Plan: Lack of a clear strategy results in poor decision-making and losses.
- Holding Losing Positions Too Long: Cutting losses quickly is key to long-term success in intraday trading.
Conclusion
Earning ₹1000 daily in intraday trading is possible with the right strategy, discipline, and risk management. By choosing the right stocks, using technical analysis, and maintaining trading discipline, traders can maximize profits while minimizing risks. Start with small trades, learn continuously, and follow a systematic approach to achieve consistent earnings in intraday trading.
FAQs on How to Earn 1000 Daily Intraday Trading in Share Market?
Can a beginner earn ₹1000 daily from intraday trading?
Yes, but it requires learning, practice, and discipline.
What is the best capital to start intraday trading?
Starting with ₹10,000–₹50,000 is ideal for beginners.
How many trades should I make daily?
2-5 well-planned trades are better than overtrading.
Is intraday trading risky?
Yes, but proper risk management can minimize losses.
What are the best stocks for intraday trading?
Stocks with high liquidity and volatility, such as NIFTY 50 stocks.
Best Price Action Trading Book
You can read our book Price Action Trading Beginner to Advance to boost your trading knowledge. This book covers basic to advanced price action trading concepts, including trading strategies, candlestick patterns, chart patterns, technical analysis, volume analysis risk management, and trading psychology. you can buy the book from Amazon or Flipkart.
