Intraday trading is done on a daily basis. It is suitable for traders who have much time in their schedule. The trade should be closed within a day. Intraday analysis should be done before involving in the trading. It should be done at the time of market opening. The traders have only a less amount of time to carry out the intraday analysis. After doing the analysis, the traders should choose the stocks for intraday trading. The traders should take immediate actions in intraday trading and take rational decisions to benefit from it.