Here im going to give one kind of stratergy where people want to invest in intraday but dont have time to sit in front of computer for whole trading hours or people who cant control there emotions in trading hours or who would like to take a decent returns on daily basis, all this kind of people can try this stratergy for a decent returns on daily basis.
Once the market is open just wait for 10 mins 9.10am look out for top gainer and top looser on nseindia.com (keep in mind you are going to take any one kind of index for selecting both top gainer and top looser for ex take only Scrips under Nifty or Jr Nifty or Midcaps) and invest equal amout of money for going long in top gainer and same amount for shorting top looser and leave it to your broker for autosqr off , by this method you will get a decent returns on daily basis.
1. Take positions of long & short by 9.10am
2. Take equal % while selecting top gainer or looser while entering long/short
3. Invest equal amt of money for both long and short
4. In any given time if you are getting 2% returns with both long & short , then exit both.
5. Allow broker to sqr off at EOD
By doing this method with my own experience i hv seen a success ratio of 80% profitable time and 15% of No loss No profit and 5% a small loss. So decide ur requirements and trade accordingly.
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