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Intraday is a emotional market it reflects the Asian and European markets.
because the positional analyze is done for a long term period..it is not suite for intraday trade.. intraday traders make the money using the current market movement..
Intra day analysis is based on market sentiment on that particular day , a intra day trader closes his position on day to day basis, positional trading is for short or long term.
Positional trades are for short or long term periods, where as intraday trades are get closed on the same day. And market sentiments play a big role in intraday trades, so positional analysis wont suit for intraday trade.
Positional analytical methods are not to be followed in intraday analysis because positional analysis we expect the price movements over a period of time (short term) but in intra day analysis to be done on the basis per day price movements that depends on various factors such as global markets,FIL participation, market breath on price wise as well as turnoverwise
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