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A. identify price direction :
- world market
- FII activities
- indian market
- market breadth – price wise
- market breadth turnover wise
B. sector contribution
C. stock selection
- price wise
- turnover wise – which has higher volume
Identify the market trend whether it is positive or negative.
Observe the Global markets – Mainly asian markets.
Observe FII activities
Watch Indian Markets
Note Market breadth – Price wise
Note Market breadth – Turnover wise
Come to a conclusion won whether the market is positive or negative or mixed. Do not trade if the market is mixed.
Based on the above trend, identify top 2 sectors. Pick top 5 stocks by price wise and top 5 stocks by turnover wise.
Identify the top 1 or 2 companies in above result and take position accordingly.
For the process of identifying momentum stock in intraday top down approach can be used
According to that
1.market direction to be identified
For this 5 key points to be considered
* world market either + –
*FIL activities in recent days
*indian market
*market breath price wise
*market breath turnover wise
2.index contribution
If positive market,then best performing sectors
If negative,then worst performing sector
3.stock selection
Price wise and turnover wise select the stocks.
Observe 1. Market Trend – Positive or Negative
2. Market Direction – Positive or Negative
FII recent day activities
world market
Indian market
Market Breadth – Price wise and on Turnover basis
3. Index contribution – Select 3 best performing sectors if market is positive and
3 worst performing sectors if market is negative.
According to the trend, find the stock to be traded. Keep the target and stop loss.
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