Risky to trade in Deep Inds, Unity Infra: Deepak Mohoni
Best to stick to more heavily traded stocks or take a positional trade in these stocks, not an intraday trade.
Deepak Mohoni: Both of these are not very heavily traded stocks and the problem is if you are trading intraday, you are paying brokerage twice in the same day plus you are paying the spread between the bids and the offers. Now if the stock is not heavily traded, that spread between bids and offers is going to be higher.
So it might cost you 1% extra just getting in and out of the stocks and that is a little expensive for an intraday trade because you typically look for profits of 1.5-2% on an average winning trade. So given that, best to stick to more heavily traded stocks or take a positional trade in these stocks, not an intraday trade.
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