I am new to trading of stocks and need some expert advice.

I will not be an active trader as I am currently employed and will not have enough time to trade often. My intention of trading is to multiply my savings.

My trading philosophy, at least currently, is - 'Invest systematically, say month Rs.5000, sell even for quick, small profits, try avoiding big risks and potential losses'.

I need advice on the following -

1) As I am not going to trade intra-day, which broker is suitable for me with lesser brokerage and other charges?

With my limited knowledge, I have zeroed down to Zerodha. I would like to hear from you experts if I am correct?

2) Should I do intra day trading for making small, quick profits? This I weigh against buying a stock, keeping it for sometime waiting for it to appreciate and then sell at a later date.

3) Which is better - NSE and BSE, to achieve my investment goal?

If you are a novice to trading and do not have time to devote to it, you will most probably end up dividing you savings instead of multiplying them.

I suggest you start with paper (=virtual/fantasy) trading and track the virtual profit / losses over 2 months. Then decide if you actually want to jump in for the real thing.

Thanks sudhashbahu.

I have already built my portfolio in moneycontrol and doing kind of virtual trading with it. I think now I am ready for the real world trading. I would like to start this sooner as the markets seem good to start investing.

If you answer my questions, that will be of great help.

One thing i learnt from market. There is no perfect time to enter. One can make money at any time if he/she knows how to trade and manage money.
Normally new traders will enter in this market thinking timing is perfect and shares are available at low cost. Not the case always.

Zerodha is a good broker with good reviews from many customers. The time is not right from an investment point of view as there is a high probability that you will catch a falling knife. For long term investment, invest when the Sensex/Nifty trades above its 200 Day moving average. It might lose you 5-15% from the bottom, but you need not worry about when the markets are going to reverse.

NSE is an exchange where volumes are higher and used by many traders.

Intraday trading is high risk activity.
It takes some time for a trader to get good at it. Do not expect consistent profits as a beginner. Maintain stop losses to protect your capital.

As others mentioned, trading allows you to make money during any time if you have the knowledge and money management techniques in place. To multiply your savings, go for a combination of investing and trading.

Mind if I asked the basis for this conclusion?

I said this after hearing this from few of my friends. They said so because the general feeling is - invest in a market when it is on its low expecting good returns when the market moves up.