i've used almost broking firm's softwares and the best for intraday is one which allows you to trade till 3.30. One must not miss the last hour as this the time when u'll make maximum profits. following brokers offer till 3.30
1 ANGEL BROKING
also the software DIET ODIN is certainly amongst the best trading softwares. good intraday limits and no resriction on stocks.
2; SHAREKHAN
software is ok, good for charting ,as it gives INTRADAY DATA for 5 days, however it gives margin of only 4 times and even less in case of certain stocks. However it has the best charting. Sharekhan provide joint account for equites and commodities and at any time u can swithch funds from equiteis to commdities, which is good.
3: karvy
officaly there intraday square off time is 3.15 , however my relationship manager allowed me to trade intraday till 3.30. he converted my positons everyday to delivery without asking for extra funds.
However their tradiing software GOTX is good for trading , but it doesnt have even the basic charting facilities.
4: ventura
no trading experience with them, but these guys have the same policies as sharekhan.
AVOID IF YOU ARE A DAY TRADER
1 INDIA INFOLINE: very defensive broker , doesnt even give 2 to 3 times margin on trading stocks. However u can trade till 3:30
2: INDIABULLS RELIGARE , reliance money,
intraday square off time of 3:00, which keeps them out for day traders.
BOTTOMLINE: go with angel broking u can also bargain for cheap intraday brokerage as they are quiet lineant in terms of intraday brokerage however delivery brokerage will be a bit higher. also u can get a limit of 6 times on stocks.
BIGGEST ADVANTAGE OF ANGEL: it has not categorised stocks eligible for intraday, as a result u can trade in any scrip which is listed in fno. As you guys know that fno lot size has been reviesed tremendously so cash segment is the best option for day traders. As u can trade your quantity and also there's great saving in cost in terms of SLIPPAGE.
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