Tips on How to pick commodities for Intraday Trading

Nowadays commodity brokers are widely interested in intraday trading. Even it may seem an easy task to earn profits through intraday trading but people often quit the idea of intraday after observing losses. If you are a beginner and want to invest in intraday trading then you should never jump to conclusions based on your emotions. It is one of the major reasons for experiencing losses in intraday trading.

If you seriously are interested in gaining considerable profits through intraday trading then you will need to gain brief knowledge of the complete phenomenon. You will not only have to learn about the intraday indicators and learn to choose right commodities. It is only after which you might be able to master the skill of trading in the intraday market.


1.    VOLUME

When you are planning to buy a commodity the first thing you need to consider is its volume. Volume shows how many traders are buying or selling the commodities on that particular day. These commodities are usually the ones that have a high possibility of making profits.


It is always a better choice to go with popular commodities rather than going with any other. Keep one thing in mind that always trade with logic. Do not commit the mistake to act upon emotions and taking any commodities that you think would grow in future. Play safe and opt for the popular ones.


Always keep in mind to avoid unpredictable commodities. A commodity which is performing well few days and then going down for next few days are horrible to choose. Such commodities often perform in highly unpredictable manner when there is some major news event. It does not matter whether the news is good or bad, there is a great chance of you experiencing loss using such commodities.


Lastly, the researching about a particular commodity before trading with it will definitely help a lot. A quality research either by yourself or with the help of an experienced professional will definitely provide you with a great deal of support. Moreover, having prior knowledge of something is no doubt the best thing to do.

How will Gill Broking help you?

So, these were few tips and tricks that you can use to choose commodities for intraday trading. However, if you still not getting the things you want then you need to get in touch with “Gill Broking”. We are the best professional support that you can get for intraday trading.

Read, Also – Intraday Trading Tips and Strategies | Intraday Trading Guide For Beginners

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It is, therefore, important to learn both the pros and cons of intraday trading to get a better idea of how this market works and how exactly you can grow your money. In this post, we will walk you through a few advantages and disadvantages of intraday trading. So, keep reading to learn more.

• Beware of fixed/guaranteed/regular returns/ capital protection schemes. Brokers or their authorized persons or any of their associates are not authorized to offer fixed/guaranteed/regular returns/ capital protection on your investment or authorized to enter into any loan agreement with you to pay interest on the funds offered by you. Please note that in case of default of a member claim for funds or securities given to the broker under any arrangement/ agreement of indicative return will not be accepted by the relevant Committee of the Exchange as per the approved norms.
• Ensure that pay-out of funds/securities is received in your account within 1 working day from the date of pay-out.
• Be careful while executing the PoA (Power of Attorney) – specify all the rights that the stock broker can exercise and timeframe for which PoA is valid. It may be noted that PoA is not a mandatory requirement as per SEBI / Exchanges.
• Register for online applications viz Speed-e and Easiest provided by Depositories for online delivery of securities as an alternative to PoA.

• Do not keep funds idle with the Stock Broker. Please note that your stock broker has to return the credit balance lying with them, within three working days in case you have not done any transaction within last 30 calendar days. Please note that in case of default of a Member, claim for funds and securities, without any transaction on the exchange will not be accepted by the relevant Committee of the Exchange as per the approved norms.

• Check the frequency of accounts settlement opted for. If you have opted for running account, please ensure that your broker settles your account and, in any case, not later than once in 90 days (or 30 days if you have opted for 30 days settlement). In case of declaration of trading member as defaulter, the claims of clients against such defaulter member would be subject to norms for eligibility of claims for compensation from IPF to the clients of the defaulter member. These norms are available on Exchange website at following link: NSE, MCX

• Brokers are not permitted to accept transfer of securities as margin. Securities offered as margin/ collateral MUST remain in the account of the client and can be pledged to the broker only by way of ‘margin pledge’, created in the Depository system. Clients are not permitted to place any securities with the broker or associate of the broker or authorized person of the broker for any reason. Broker can take securities belonging to clients only for settlement of securities sold by the client.

• Always keep your contact details viz. Mobile number/Email ID updated with the stock broker. Email and mobile number is mandatory and you must provide the same to your broker for updation in Exchange records. You must immediately take up the matter with Stock Broker/Exchange if you are not receiving the messages from Exchange/Depositories regularly.

• Don’t ignore any emails/SMSs received from the Exchange for trades done by you. Verify the same with the Contract notes/Statement of accounts received from your broker and report discrepancy, if any, to your broker in writing immediately and if the Stock Broker does not respond, please take this up with the Exchange/Depositories forthwith.

• Check messages sent by Exchanges on a weekly basis regarding funds and securities balances reported by the trading member, compare it with the weekly statement of account sent by broker and immediately raise a concern to the exchange if you notice a discrepancy.

• Please do not transfer funds, for the purposes of trading to anyone, including an authorized person or an associate of the broker, other than a SEBI registered Stock broker.

• Do not deal with unregistered intermediaries (who are not registered with SEBI/Exchanges).

Names and contact details of all Key Managerial Personnel including Compliance Officer

Sr. No.Name of the IndividualDesignationContact NumbersEmail Id
1 Charanpreet GillCEO/
2 Charanpreet GillWhole Time
3 Charanpreet GillCompliance
4Manpriya GillDesignated
5Kewal GillDesignated

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