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• 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
Need to check on global market (positive/negative), FII activity, Select top sectors trending & responsible for market direction, select 2 stocks on each sector with highest trading volume, create long or short position
We usually follow the top down approach for intraday analysis. On that day, it is required to know about:
After this, select 2 of the best performing sectors. Select top 2 companies from each sector. Select the company with the best trading volume.
Create Long or Short position based on the market direction.
To trade intraday, you need to check the following trends.
1)Global trend
2)FII, DII Activity
3)Indian market trend.
If these give you mixed data, it better we don’t trade. If there is a common trend, then we check the top 2 performing index on the and select the 2 stock from anyone of them. Then select one stock bases on momentum and volume.
We need the check the following trend.
1. Global Markets European Market(forenoon session) Neutral to Negative.
2. FIA. Activity Performance negative.
3. Indian Market- Nifty 50-Neutral to Positive, advance decline ratio-price wise positive turn over basis positive, Top 02 companies Real Estate & I.T. sector. to be treaded between 11.00am and 2.00pm.
EQSIS, A Stock Market Research Firm
Knowledge is Power. Here you may start from basics, get support while practicing and evolve as active analyst, later you can become a pro