Which is better for Intra Day Trading ? Nifty future OR Niftyoption ?

 NIFTY Futures or Options, not necessarily intra day.

NIFTY is the combined weighted index of top 50 ( presently 51 ) stocks and the daily volatility is less compared to the constituent stocks.NIFTY Futures present a good opportunity for profitable trades on daily basis to those traders who do few points scalping. Good opportunity also exists for positional trades over few days as trend reading and following is easier in the index than in individual stocks.
NIFTY Options are also equally good. With the discount brokers offering brokerages as low as Rs. 20 per trade, even a two Rupee price movement can be profitable. It is not that taking Rs. 2 profit is a good thing, but people do it quite regularly.Volumes are excellent both in Futures and Options. Bids and Offers gap is quite narrow, hence it makes sense to have regular trading in either or both of them.

Futures vs Options 
Futures vs Options is always about risk vs reward.In Futures if you are right, you benefit from the entire price movement.If the price movement goes against you, the loss can be significant and unlimited if an effective stop loss is not used.

If profitable, it is like eating Halwa. Smooth, easy and delicious.

Options on the other hand are like eating a walnut.

you have to find a hammer to break them.Quantity of kernel is not sure.Quality of kernel is also unsure.But the nutrition gained is worth the effort.
In Option trading terms, we have to decide the best strike price to trade, price movement depends on many factors and time decay is eating away the value every day. But when profitable, the return on investment is excellent.That is why Options are traded more than any other category.
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