30 Day assignment – Day 10 Module – Intraday Analysis

Intraday position needs to be closed on the same day as settlements have to be made the same day. Else it may attract huge penalty.
IDEAL time to trade intraday
• 10:00 am to 11:30 am
• 1:45 pm to 2:45 pm
Positional analytical methods are not followed for intraday.
Here are three most popular ways to identify stocks for intraday trading:
1. Track relative performance over the index.
a. List down the top traded companies.
b. Identify the stocks which tend to move in the market primary direction and resist reacting during the correction – Use the same day Intraday charts.
2. Use Intraday Scanners.
a. Top gainers and losers.
b. Day High / Low break, Surge in volume.
c. Open High / Open Low stocks.
3. Follow Top Down Approach
a. Understand the current global market performance.
b. Keep track on FII activities in cash segment.
c. React only when Indian market index (NIFTY/SENSEX) move.
d. Watch the advance decline ratio (Adv / Dec).
e. Find the sectors which are performing in line with the market.
f. Locate the stock which leads the sector along with high volume.