Guidelines on how to Start day trading in The Indian Share Market.

1. To start day trading in India, you will need to first open a Share Trading and Demat Account with a Stock Broker in India.
2. Your Account Opening application process is done online. After the initial online application is completed, you are required to print out the Power of Attorney Form, sign it and post it to the brokers registered office address. It will take about 3-5 days to complete the whole application process.
3. To open the above Share Trading Account, you will need to own an Indian Govt. Issued Identity card, a PAN Card and a Bank Account in India (bank balance is not relevant).
4. While filing the Online Application, you are required to attach copies of the above ID card, PAN Card, 6 months bank statements and a cancelled cheque .
5. After completing the above steps, Your account will be opened and issued with the login credentials for your Trading Account. You will now need to transfer your funds from the Bank Account to your Trading Account using Net Banking, IMPS, NEFT or UPI. The online transferred funds  gets added to your new Trading Account in just few minutes. You can now start buying and selling shares without having to wait any more.
6. NSE is the preferred exchange for daytraders. The equity segment of the National Stock Exchange (NSE) in India opens at 9.15am and close at 3.30pm. This is the time between which you will daytrade in Stocks.
7. There are four thousand plus public companies listed in the Indian exchanges. But, you will daytrade only the stocks of 150 odd companies, which are considered to have sufficient liquidity and leverage for day trading. These liquid stocks ideal for day trading in India are called the F&O underlying stocks.

Some pointers that might help you along the way, from a beginner daytrader to going professional.

1. There is a misconception among the public that you will need a large sum of money to open a Share Trading Account and start daytrading. You can start Share Trading with any amount you like. 10k will be a reasonable amount to start with and get some practical hands on experience.

2. With so many Stock Brokers around, there is also confusion as to which stock broker to choose. Whichever broker you choose to get started initially, after you gain sufficient experience with daytrading,  open a second account with a broker like Finvasia, where you can daytrade without paying any brokerage charges.

3. When opening your new account, activate all exchanges and segments on your new Account Application. NSE, BSE, MCX Exchanges with Equity, Futures, Currency and Commodity segments activated. Get all the exchanges and segments activated, just in case if you need to use such facility in the future. It is easier getting it all activated in one go.