General

What is Intraday Trading?

In Intraday trading, you can take buy/sell positions in stock(s) with the intention of squaring off the position within the same settlement cycle. If during the course of the settlement cycle, the price moves in your favour (rises in case you have a buy position or falls in case you have a sell position), you make a profit. In case the price movement is adverse, you incur a loss.

• A trader buys a stock and sells it on the same day, or sells a stock and buys it back on the same day.
• If position is not squared off during market hours, it will lead to automated square off by the system.

ICICI Direct has two intraday products Intraday and Bracket.