In intraday trading, say I want to buy 5000 shares of ACC Ltd at 1530 a share. Whats the best strategy to adopt for buying the shares?

General
1

Should my order be split into small sizes or is it ok to place an order of 5000 shares at one time? What are the possibilities of filling such huge orders given that ACC Ltd is an actively traded scrip, ? Will my order be filled quickly or will the price vary by the time my order is taken? Also what should be the strategy for selling it back?

2

There are 2 ways I can think of to place this order:

a) Use the Basket order facility where by you can split this 5000 quantity into multiple orders of smaller quantities.

b) Use the disclose quantity option, where you can disclose 500 shares whilst buying 5000. This way your order will show up as an order to buy only 500 in the order book.

Since you’d be placing a limit order in each of the above cases, the order will get executed at the same price that you’ve set the limit price to.

2 Likes
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If you are looking at trading such big quantities for intraday, I don’t think ACC is the right bet. If you place a limit it might take time to execute, and if you place market it might cause you quite a significant impact cost. So I’d say look at stocks with much higher liquidity if you want to trade this size for intraday(around 75lks to 1crore worth of shares).

1 Like
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Thanks for the ans Venu sir.

5

Thanks for the ans Nithin Sir…

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Thanks for ur answer sir. Can u pl tell me sir which are the best scrips for Intraday trading with higher liquidity ?

7

You just have to go to moneycontrol or any other similar sites and see the most traded stocks.

8

If you are new trader, you start with delivery trade for few days.
Once you are comfortable following few scrips, then try Intraday. Learn the basics of technical analysis and different strategies other successful Intraday traders do.
Read the posts under 60 day challenge in zconnect,like Bharadwaj’s blog etc.
Most of the stocks under Nifty 50 are liquid. If you are into delivery trading for few days (use fundamental analysis)
Take CNX 500 for example and just go thro the company fundamentals of all 500 companies in a glance, pick few stocks which are good.
If you looking for some book check Art of stock investing bse2nse.com