Intraday Analysis
Intraday means buy and sell stocks on the same day. It means the trader to take decisions in a very quick time to buy and sell according to price movement. Then the price movement depends on that particular day is based on following factors which impacts market to go positive and negative:-
1. Global market performance particularly ASIAN & EURO market
2. FII activity
3.Indian market performance
4. Market depth
Why we do Intraday?
• Generally we trade intraday because we get Margin or leverage the enable us to trade at higher level.
• If you don’t square off your position then the system will automatically place your request.
• Yes, it is mandatory to close the posn before 03.15PM, otherwise penalty will paid
Ideal Time for Intraday is 1000AM to 1130AM & 0130PM to 0245PM
Process of identifying momentum stock in intraday.
Select High beta stocks which are highly volatile for intraday
Use indicators like Moving averages, RSI, MACD and Fibonacci levels etc to find momentum/reversal signals.
Compare the stocks with benchmarks; nifty or sensex.
