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Market Direction
Identifying world market direction
Foriegn investor activity +ve or -ve
Indian market activity +ve or -ve
Market Breadth
Market dynamics (no of sector in the trade)
2.
Sector contribution (best and worst preformance of the day)
3.
Select top 2 sector and identify top gainers and top losers to postion for short or long
Top Down Approach
1) Check the world market – positive /negative.
2)Market Direction-Advance/decline
3)Sector contribution-Index wise analysis
4)Stock selection-Stock out performance
5)Market meter – Price pattern(turnover%)
– Volume traded
The process to identify the momentum stock intraday is to find the market trend and sector that is following the trend in the same direction with maximum vigor. The stock in the sector which is moving in the market and sector direction with high volume and price difference should be the momentum stock for the day.
<span style=”color: #777777; font-family: ‘Open Sans’;”><span style=”font-size: 20px; line-height: 20px;”>Process of identifying momentum stock in intraday:</span></span>
- Identify the market trend – Advance /decline
- Identify the sector contribution / Index which follows the market trend.
- From the selected sector, list the stocks as per rank wise which has more % change in price.
- From the selected sector, identify and rank the most traded stock (turnover wise).
- Pick out the stock which is common in S.No.3 and S.no.4. The selected stock is the momentum stock in intraday.
Momentum stock in Intraday:
Market Direction:Need to check the world market,European whether positive or negative.
Sector contribution: Index wise analysis,Pick the best performance of the day.
Stock selection:List the stock per ranks and turnover wise.Pick the stock which is common between list of 5.
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