What is the process of identifying momentum stock in intraday?

[Pradeep]

1. See the trend of latest closed markets i.e European markets.

2. Analyses the FII activity

3. Do index wise analysis. See market breadth (advance or decline ratio) price wise and turnover wise.

4. Select the top influencing stocks.

5. If market is positive make Long position. If negative Create short position.

[Vishal Rath]

Process:

1- Check the global market (whether it is positive or not)

2- Check the FII activity (whether it is positive or not)

3- Check Indian market (whether it is positive or not)

4- Check market breadth: Advance/Decline ratio (Price wise- positive or not)

5- Check market breadth: Turnover basis (positive or not)

6- Check the 2 top performing sectors and select any one.

7- Filter stock by price wise and turnover wise. Select the one best in both category or else go to next best sector.

[Dipakk Mehta]

• Look for global market – positive or negative

• Check FII activity

• Check market breadth (advance-decline ratio) both price and turnover wise

• Check Indian market

Select top two sectors responsible for prevailing market direction

select 2 companies from each sector

select company with highest trading volume

create short or long position based on market direction

 

[Vijayavani]

Few factors should be checked to arrive at momentum stock in intraday.

We should check whether global market is positive or negative.

Check FII activity.

Select two performing sectors.

Select the companies which are responsible for rise in NIFTY.
Take long position and short position accordingly

[S Suresh]

First a look at the asian markets and global markets trend and then should go to the NSE site and see index and then in that to select best two performing sectors and in that should select a stock with good volumes and the intraday candle should be 45 degrees and such stocks should be selected in two sectors and to be traded either at 10 am or 2 pm.

[Author]

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