The Intraday analysis follows the top down approach in selecting the stocks to be traded for same day or very short time whereas in positional analysis the stock is picked first and analysis is done on it to identify the price movement for more then same day.
The IDEAL time for trading Intraday would be between 10 am to 11.30 am in the morning and between 1.30 pm to 2.45 pm in the afternoon. (when we find the actual opportunity to trade as per our calculation)
Yes, Global markets have impact on Intraday price movement,since markets are open at different times it affect and all the (global )markets are interconnected to each other. Market sentiment are driven by global markets
Positional analytical methods are useful long time (more then one day ) and it is applicable only for it but in Intraday we have to trade within the day by making faster decisions as the market is purely based on the markets particular days sentiment.Thus Positional analytical methods cannot be used on the Intraday markets.
Intraday analysis is done using the Top Down Approach.
The process of identifying the momentum stock in Intraday is as follows :-
1. Identify the Market Direction (+ or _)
2. Check Advance / Decline
3. Check sector direction.
4. Check the Index direction.
5. Take top two sectors with market market direction.
6. Now Filter top 4 stocks from short listed sectors.
7. Again filter the stocks with View Trade Statistics. trading volume and volatility etc.
also
consider FII activities and global market condition
then place a order as per risk and reward ratio
Buy and sell the stock in uptrend market condition and Sell and buy the stock