Intraday analysis is a type of analysis by which the price movements of stock is predicted seeing the past price movement, the present trend and the associated volume. Its done for short term period. In case of positional analysis the time horizon is rages from week to months or even years. In Positional analysis price and volume are not given much importance.
The momentum stock needs to be identified with the analysis of various parameters.
Market direction needs to be analysed using the global market movement along Nifty, and need to find whether the sentiment of the market is positive or negative,FII activity also needs to be considered.
Advance/ Decline ratio needs to be analysed using the market breath chart and need to arrive whether it align with the market direction as positive or negative.
Sector Contribution: Based on this direction, need to identify the sector which contributes majorly for this trend and the corresponding sector needs to be selected. Index Selection: The index that contributes to the market direction needs to be identified and selected for further analysis.
Stock Selection: The stocks come under that index needs to be analysed on price wise and turnover wise and the stock which is contributing high on both price and turnover needs to be considered.
Hi,
your answers are brief and appropriate, will be useful to recall.