What is the process of identifying momentum stock in intraday?

[Senthil]

1. Check Global market    –   If morning 9:30-10:00 AM then check Asia, if afternoon 1-2 PM then check Europe markets.US market both the times.
If global market is positive then long position or else short position.
2. Check FII activity            –   Check FII buying and selling for last 3 days.
If net amount is positive then Long position or else short position.
Can be ignored if market is very positive or negative for the day.

3. Check Indian market    –   If Indian market is positive long psotion or else short position.At least 0.3% change to decide.

4. Select Sector to trade  –    If points 1,2,3 are positive then look for most bullish sector.
If points 1,2,3 are negative then look for most bearish sector.

5. Select Stock to trade    –   If bullish, then select the top 4 positive stocks from most bullish secotor.
If bearish, then select the top 4 negative stocks from most bearishsecotor.

6. Finalize stock to trade –   Select the stock that is most positive or negative and with huge volume.

7. Trading the stock           –   Open the chart of the stock in 5 mins time frame and look for oppurtunity to buy/sell using suitable indicaor.

[Joel Pinto]

Stock with high momentum is identified by the following for intraday,

1. Global market – Negative or Positive

2. FII activity in Indian stock market – Negative or Positive

3. Market movement – Negative or Positive

4. Market breadth, advance/decline – based on price movement

5. Market breadth, turnover wise – Negative or Positive

6. Index contribution

7. Identifying the stock with high momentum price wise & turnover wise.

[Ajai Kamath]

Identifying a momentum stock is intraday can be based on following steps

1) Mood of Global Market: Positive or Negative
2) Foreign Institutional investor Activity: Positive or Negative
3) Indian Market Price Trend: Bullish or Bearish
4) Indian Market Breadth Advance Decline Ratio: Positive or Negative
5) Indian Market Breadth Turnover Ratio: Positive or Negative
6) Finding Best Sector of the day based on Index contribution
7) Finding Leading 2 Stock which is making major contribution to the index based on percentage
8) Finding Best stock based on Turnover wise to the market out of two

[Pradeep Nadarajan]

For identifying momentum in intraday stocks:

1.Global market sentiment.

2.Foreign institutional investors sentiment.

3.Indian market sentiment.

4.Advance decline ratio.

5. Leading index sentiment.

6.Leading stock with more volume.

[Ubeidulla]

1. Check Global market – If morning 9:30-10:00 AM then check Asia, if afternoon 1-2 PM then check Europe markets.US market both the times.
If global market is positive then long position or else short position.
2. Check FII activity – Check FII buying and selling for last 3 days.
If net amount is positive then Long position or else short position.
Can be ignored if market is very positive or negative for the day.

3. Check Indian market – If Indian market is positive long psotion or else short position.At least 0.3% change to decide.

4. Select Sector to trade – If points 1,2,3 are positive then look for most bullish sector.
If points 1,2,3 are negative then look for most bearish sector.

5. Select Stock to trade – If bullish, then select the top 4 positive stocks from most bullish secotor.
If bearish, then select the top 4 negative stocks from most bearishsecotor.

6. Finalize stock to trade – Select the stock that is most positive or negative and with huge volume.

7. Trading the stock – Open the chart of the stock in 5 mins time frame and look for oppurtunity to buy/sell using suitable indicaor.

[Author]

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