Intraday trading deals with buying and selling of stocks on the same day, during the trading hours that are stipulated by the exchange. Stocks are bought and sold in large numbers strategically with the intention of booking profits in a day.
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Hi,
This will be the appropriate answer for the question What is the process of identifying momentum stock in intraday?:
The process of identifying momentum stock in intraday
Top Down Approach
1. Market Direction – world market, FII activity, Indian market, Market breadth ( Turnover basis ).
2. Sector Contribution (performance basis) – Index wise analysis
3. Stock Selection (performance basis) – Turnover basis, price basis