Intra day trading deals with buying and selling of stocks on the same day.. Stocks are bought and sold with the intention of booking profits .Positional analysis focused on demand and supply where is the Intra day analysis focused on that day’s sentiment and momentum based on top down approach of the market.The sentiment of the global market will get reflected in Indian market and hence affect the price movement. Since Asian market starts ahead of Indian market, the overall market conditions 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.