How do you day trade? I would suggest: have a view on the direction, then use a method for entry and exit. On October 14, our view was for a rally in the Nifty. The method was the ORB - Opening Range Breakout. This is how the trade went: Nifty breaks its first 15 min high with high volume. We buy at breakout (5100) with a stop loss at first 15 min low (5056). Nifty retrace twice near to its low but at the end it closes higher. Exit should be at 3:20 at market price. This trade given us a profit of almost 50 points.