Intraday trading is a popular strategy for traders who buy and sell shares within a single trading day. This type of trading requires a lot of skill, knowledge, and strategy, as the movements in the share market can be unpredictable. Therefore, it is crucial for traders to have access to reliable sources of information that can guide them in making informed decisions. This is where free intraday tips come into play.
Intraday tips are recommendations provided by experts on when to buy and sell shares during the day. By following these tips, traders can minimize risks and maximize profits. In this post, we will explore the top sources of free intraday tips for Indian stock traders and how to choose the best tips for your trading strategy.
I. Top Sources of Free Intraday Tips for Indian Stock Traders:
MoneyControl: MoneyControl is a popular financial news website in India that offers free intraday tips for today and tomorrow. The website provides detailed analysis of the share market and offers tips on when to buy and sell shares during the day.
Pros: MoneyControl is a reliable source of information that is updated regularly. The website also offers a mobile app that allows traders to access intraday tips on the go.
Cons: MoneyControl offers only basic intraday tips and does not provide detailed technical analysis.
Telegram Channels: Telegram channels are becoming increasingly popular among traders as a source of free intraday tips. These channels offer intraday tips for today and tomorrow and provide real-time updates on the share market. We have our own Telegram Channel where you can get both Bank Nifty and Nifty Open Interest data.
Pros: Telegram channels offer a wide range of intraday tips from different experts, providing traders with more options to choose from.
Cons: Some Telegram channels may not be reliable, and traders should be cautious when following tips from unknown sources.
Zerodha Kite: Zerodha Kite is a popular trading platform in India that offers free intraday tips to its users. The platform provides a range of technical analysis tools, such as moving averages and Bollinger Bands, to help traders make informed decisions. Check the image below to understand how the SuperTrend indicator is giving clear buy and sell signals.
Pros: Zerodha Kite is a reliable and trusted platform that offers a range of tools and resources to traders.
Cons: The platform is only available to Zerodha users and may not be suitable for traders who use other trading platforms.
Nishant Trading System: Provides Free Intraday Tips
We’re sharing with you a trading Excel sheet created by Mr. Nishant Kulkarni. The name of the excel is Nishant Trading System. We’ve seen it for reasonably a few days. It’s giving beautiful efficient results.
More about the Nishant Trading System
- It is designed in Mircosoft Excel.
- It fetches information from NSE Server. As a result, there could also be a delay of 10 minutes.
- Provides intraday tips for Nifty Futures with stop loss and price targets.
- Provides intraday tips for MiniNifty contracts with stop loss and targets.
- In addition, it offers intraday tips For BankNifty Futures with stop loss and targets.
- It also provides intraday tips For Nifty Options with stop loss and targets.
How to trade the free intraday tips from the Nishant Trading System?
SHORT sell condition
All sell signals are RED, BEARISH, DOWN, and price strikes down after triggering the entry price. If stop loss hits, don’t reverse trade. Therefore, look for new opportunities and reenter there.
All buy signals are GREEN, BULLISH, UP and price strikes up after triggering the entry level. If stop-loss triggers, don’t reverse trade. Watch for a new entry signal and reenter there.
Below is the screenshot of the Nishant Trading System free intraday trading tool For NSE. As per our company principles, we’ve got modified the system just a little. However, a hundred percent credit nonetheless goes to Mr. Nishant Kulkarni, the original creator.
You can freely download and use the free intraday tips Nishant Trading System excel by clicking the link here.
You need to enable macros in your Excel. Click on the update button and now you will instantly check how live tips are being generated in the excel. You may distribute this excel to your friends, but do not forget them to refer them to our site.
2017 ADDITION – It is not generating free intraday tips anymore
This excel does not work anymore. Therefore, we requested the author to send us an updated version of the excel sheet.
II. How to Choose the Best Intraday Tips for Your Trading Strategy:
When selecting intraday tips for your trading strategy, there are several factors to consider. These include:
Backtesting: Backtesting is the process of testing a trading strategy using historical data to see how it would have performed in the past. By backtesting your strategy, you can identify potential weaknesses and improve your overall performance.
Risk Management: Risk management is crucial in intraday trading, as the movements in the share market can be unpredictable. Traders should set stop loss and target levels to minimize losses and maximize profits.
Technical Analysis: Technical analysis is the study of share market trends and patterns to predict future movements. Traders should use technical analysis tools, such as candlestick patterns and Bollinger Bands, to make informed decisions.
III. How to Choose the Best Intraday Tips for Your Trading Strategy
When it comes to selecting the best intraday tips for your trading strategy, it is essential to consider a few factors. These factors will ensure that you get the most out of your trading experience while minimizing the risks involved.
Identify Your Trading Style
The first step in choosing the best intraday tips is to identify your trading style. Are you a day trader, a swing trader, or a positional trader? Each style requires a different approach to trading, and you need to find intraday tips that are specific to your trading style.
Check the Reliability of the Source
The second factor to consider when selecting an intraday tip is the reliability of the source. Many websites and apps offer free intraday tips, but not all of them are reliable. Look for sources that have a good track record of providing accurate tips.
Consider the Timeframe
The timeframe is another important factor to consider when selecting an intraday tip. Some tips are for today, while others are for tomorrow. You need to choose tips that are relevant to your trading timeframe.
Backtesting and Risk Management
It is crucial to backtest any intraday tip you intend to use. Backtesting involves testing the tip against historical data to determine its accuracy. Additionally, risk management is crucial when selecting intraday tips. You need to consider factors such as stop-loss and target prices to minimize risks.
Common Mistakes to Avoid
Finally, there are common mistakes to avoid when selecting intraday tips. Avoid tips that promise to make you rich overnight, as they are likely to be scams. Additionally, do not rely on just one tip or source. Diversify your sources and tips to minimize risks.
IV. Frequently Asked Questions (FAQs)
There are many sources of free intraday tips, including websites, apps, and social media channels. Some popular sources include Moneycontrol, Zerodha Kite, TradingView, and AmiBroker.
Yes, it is possible to earn Rs 1000 with intraday trading, but it depends on your trading strategy and the market conditions.
To earn Rs 500 a day in intraday trading, you need to have a well-defined trading strategy and discipline. You should also have a good understanding of technical analysis and risk management.
Earning Rs 5000 a day in intraday trading is possible, but it requires a lot of experience, knowledge, and discipline. You need to have a solid trading strategy and be able to manage risks effectively.
To earn Rs 1000 a day in intraday trading, you need to have a well-defined trading strategy and discipline. You should also have a good understanding of technical analysis and risk management.
A 1-hour intraday trading strategy is a trading strategy that involves buying and selling securities within an hour. It usually involves a combination of technical indicators, such as moving averages, Bollinger bands, and candlestick patterns, to identify potential trades.
Intraday trading can be a challenging but rewarding way to invest in the stock market. Free intraday tips can be a helpful resource for traders looking to improve their trading strategies and increase their profits. However, it is important to do your own research and analysis before using any free intraday tips to ensure they are suitable for your trading strategy.
When choosing a source of intraday tips, it is important to consider factors like reliability, accuracy, and track record. Additionally, traders should always be mindful of risk management and use tools like stop-loss orders to protect their investments.
Ultimately, successful intraday trading requires a disciplined approach, a solid trading strategy, and a deep understanding of the market. By following these tips and avoiding common mistakes, traders can increase their chances of success and achieve their financial goals in the stock market.