Step 1: Setting Up Your Trading Infrastructure
To start trading on the National Stock Exchange (NSE) or Bombay Stock Exchange (BSE), you need three linked accounts: a Bank Savings Account, a Demat Account (to hold electronic share certificates), and a Trading Account with a SEBI-registered broker (such as Zerodha, Groww, AngelOne, or Dhan).
Opening an account takes under 15 minutes online using your Aadhaar-linked mobile number and PAN card.
Step 2: Understanding Order Types & Market Timing
Indian equity markets operate Monday through Friday from 9:15 AM to 3:30 PM IST (with a pre-market session from 9:00 AM to 9:08 AM).
Limit Order: Sets the maximum price you are willing to buy or minimum price to sell.
Market Order: Executes instantly at the current best available bid/ask price.
Stop-Loss (SL) Order: Automatically triggers an exit if the price drops below your risk threshold.