What is the process of identifying momentum stock in intraday?

[Jayashree]

Identify the global market trend

Identify the domestic market trend

Identify the FII activity

Analyse the advance/decline ratio

Analyse the turnover

Identify top 2 sectors of the identified market trend.

Select top 4 companies in each sector based on price change.

Select top 4 companies in each sector based on turnover

Select top 2 stocks from the above list

 

 

 

[Gowri Santhosh]

Intraday analysis

 

Global market-Analyzing the global market.

FII’s activity-check the recent activity of FII’s in Indian market

Indian market performance-analyse the BSE and NSE in current time

Market  Breadth- price wise

Market  Breadth- turn over basis

Index contribution-select top 2 performing sector

Stock selection-1.Price wise;2.turnover wise

Entry price;stop loss;target

[Mary]

Analyse global trend, FII’s activity, Indian market direction.

Select 4 top/worst performing sectors

Analyse price wise and turn over wise

[Vinayagavel]

Top down approach to identify momentum stock in intraday

1. Identify market direction (+ve or -ve)based on the following
a. global market sentiment
b. FII activity
c. Indian market performance
d. Market breadth – Advance/ decline ratio
e. Market breadth – turnover basis

2. Sector contribution
Depending on market direction select 2 performing or non performing sectors

3. Stock selection
Based on sector selected 4 stocks are chosen 2 from each sector on the basis of
Price wise
Turnover wise
2 stocks which are common to both criteria are then choosen for intraday trading

[Srinivasan K.S]

Top down approach is used for intraday analysis.

1. Identify market index based on global indices

2. Find the sector with the most % changes in its sector index.

3. Identify the stocks of that sector which has the most % changes.

4.From the above identified stock find the stock which has high volume.

[Author]

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