The following steps are to be followed
(a)See the movement of other Asian markets
(b)See the movement of NIFTY (ie +/-)
(c)Previous day FII activity
(d) Select three stocks in that sector having more % of movement in the direction of the market
(e)Among the three stocks select that stock which has more VOLUME
Intraday traders who execute intraday strategies attempt to profit off of price changes for a given asset using a wide variety of techniques.
Intraday traders should select stocks that have ample liquidity, mid to high volatility, and group followers.
Identifying the right stocks for intraday trading involves isolating the current market trend from any surrounding noise and then capitalizing on that trend.