Intraday

Intraday analysis is to analyse the market situation and price movement to make profit for buying/selling or selling/buying the stocks on the same day. The analysis is the top down approach and needs to be focused on that day’s sentimental and momentum analysis. The parameters to be considered for intraday analysis is different from positional and the intraday analysis needs to be completed in shorter time. Positional analysis focused on demand and supply where is the intra day analysis focused on that day’s sentiment and momentum.
The intraday happens in the SPOT market and the settlement happens in the same day. Hence it is mandatory to close the intraday position on the same day, otherwise will be charged for penalty.
The sentiment of the global market will get reflected in indian market and hence affect the price movement. Since Asia market starts ahead of indian market, the overall situaltion of the asian market will be reflected in indian market, similarly the impact of the price movement in UK market will be reflected in indian market, so it is important to watch out the global market direction for intra day analysis.
Positional analytical methods are based on demand and supply, but the sentiment and momentum of the day defined the price movement within the day. Hence the positional trading analysis can not be used for intraday and the market direction, impact on global market, sector contribution, the stock align with index are the parameter needs to be analysed for intraday trading. And the timeline available for the analysis is very short compared to positional and decision needs to be taken faster on the selection of the stock and the target price.