Trigger price is an order condition for buying or selling added with a stop loss order. Here, the exchange server activates your buy or sell order for execution.

Intraday trading refers to buying and selling stocks within the same trading day. Delivery trading, on the other hand, is when you buy shares and keep them overnight, and then take delivery of the shares. Most brokers usually charge higher brokerage on Delivery trades compared to intraday trades.

A bit of good advice is to trade following the latest or current market tendency. Sell first and buy later if the market is on the downside, and vice versa. Make sure you develop a plan for intraday trade and stick to it. Set up a desired profit and stop-loss limit.

Finding best intraday stock

• Avoid high volatile stocks
• Observe the market trend before you decide on which stock is right
• Trade in liquid stocks only
• Trade in good correlation stocks
• Ensure you research, and select the stock you are most satisfied in afterward.

Nifty weekly options are exchange traded options built upon nifty index with a short maturity period of one or more weeks.

The main difference between them is the period of maturity. Monthly options have maturity periods of one month, two months of three months. Another options series is generated after the one month options expire. For weekly options, the period of maturity ranges from one to five weeks. Another difference between the nomenclature of weekly and monthly options.

Nifty weekly options contract specification takes place on a weekly basis – every Thursday. If the day (Thursday) falls on a trading holiday, the initial trading day will be the last trading day. On the expiry day, all contracts will expire at the closing time of the regular market.

Following SEBI guidelines, the expiry day will take place on the trading day before if the expiry day of the weekly options falls on a trading holiday.

The weekly options and monthly options have the same parameters viz. Underlying, Tick size, contract multiplier, price quotation, trading hours and strike price intervals.

• Because of shorter maturity periods, weekly options command a lower premium. Thus, weekly options are more affordable than monthly options.
• Traders can take bigger positions for similar capital outlay just as monthly options.
• Weekly options offer Arbitrage opportunity between:
  • Weekly and monthly options
  • One week to maturity options and two weeks to maturity options.
• Liquidity will improve on account of low cost, encouraging more participants to join.
• Weekly options facilitate improvement in market depth and better price discovery.
• Participants in the market can also take a short-term view of the underlying.
• Participants in weekly options are offered short term insurance for their short-term portfolio, leading to improvement in market depth and better price discovery.

Measures for controlling risk adopted for weekly options are quite similar to those adopted for monthly options since introducing weekly options is more of adding new series and not a new product as such.