Apart from the above mentioned, let’s get to the main topic and for that, let’s delve into the various segments:
Intraday Trading in Angel Broking
Before heading towards the main topic, let’s get the knowledge about the intraday trading in Angel Broking.
Basically, intraday tradingrefers to the buying and selling of the stocks on the same trading day and within the trading hours.
With the purpose of earning more profits in a day, the stocks are bought and sold in enormous numbers.
For the intraday trading, the online trading account is set up, and while going for the intraday trading, the specification is to be considered as the orders should be specified to intraday trading.
In the regular stock market, opting the Intraday Trading is dicier than any other trading type because of the fluctuations available in intraday trading.
Hence, it is necessary for beginners to understand Intraday Trading before starting the actual trade to avoid losses.
An individual is enlightened to invest the amount they can deal with after facing the loss without any financial crisis.
For an intraday trader, it is only 5-6 hours in a day to complete the buying and selling procedures. Therefore, for the traders who are knowledgeable, self-drive, and ready to take risks, this trading type is apt, i.e., Intraday Trading.
To gain a seamless experience online trading in angel broking, you can access Angel Broking app. The app not only helps in executing day trading but also in analyzing stocks using different chart patterns and indicators.
It became necessary for the trader to grab the piece of information before starting the trading with any firm. Angel Broking Intraday Margin allows you to trade in different stocks by leveraging the margin from the firm.
To trade in angel broking equity segment you can reap the margin up to 10 times while for the futures and options you can go for up to 60 times leverage amount that not only helps you to buy more but also in gaining more profit.
Let’s check out the below table to have more details about the same:
To make the above table more understood or clear, here is a brief description that is mentioned below:
Angel Broking allows the trader to trade-in equity and with up to 10 times of margin.
For the futures Intraday, the 60 times of margin is offered by the firm for the selected contracts.
When we talk about the options intraday, on the option buy, the firm offers the six times margin, whereas, on the option sell of the selected contracts, 60 times of the margin is being provided by Angel Broking.
Angel Broking Charges for Intraday Trading
Although the broker offers no charges to get started with the intraday trade but to execute the Angel Broking intraday trade, you have to pay certain brokerage charges.
Here is a table that will showcase the Intraday trading transaction charges in Angel Broking.
Intraday Trading Brokerage Charges in Angel Broking
₹20 or 0.25%
0.025% on sell order
NSE: 0.00335% Per Trade On Buy & Sell. # NSE: 0.00275% On Turnover Value (Buy & Sell) BSE: Charges Vary As Per The Scrip Group*
₹ 5 / Crore
Stamp Duty Charges
0.003% Of Turnover Value (Buyer)
To elaborate on the above table, here is a quick sneak peek to make it more understandable.
In the Angel Broking Transaction Charges, on the Equity Intraday, the transaction fees offered by the firm are 0.00325%.
Angel Broking Intraday Square Off Time
After learning about the Angel Broking Intraday charges and margin, now we will learn more about the Angel Broking Intraday Square Off Time. But what is Square off?
It is a trading style that is used in Intraday trading by the traders in which the traders either buys or sells the specific amount of the sharesor stocks and then in the day reverses the transaction, in the desire of profit earning.
If a trader has placed an order for the intraday trading and does not close the open positions in the provided time frame, in that situation, the order is squared off.
Now you might be waiting to know about the square off time of Angel Broking. Right?
So the Angel Broking Intraday closing time, or the square off time, is 3: 15 pm. The order is to be sold till the provided time.