What is the process of identifying momentum stock in intraday?

[subbu]

Identify world market scenario and current market trend. Find out the sector which is going with market trend. Finalize a stock in that sector based on change in price and turnover.

[Sangeetha Subramaniam]

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.

[Padmavathi Sukumar]

Process to identify momentum stock in intraday: study world market and other markets as much as possible (as quickly as possible), identify the appropriate stock sector by studying the top ranks and price movement. Identify a couple of stocks within the sector and trade accordingly

[vignesh]

1.   market direction

• world market
• FII activity
• indian market
• market breadth (turnover basis)

2.  sector contribution

• sector performance

3.   stock selection

• performance basis
• turnover basis

[ragunathan]

Identify the world market is positive or negative.

Identify

FII Activity

India’s market

Advance and decline ratio

Market breadth in sector basis

Select best performing sectors if market is positive and select worst performing sectors if market is negative by using price wise and turn over wise

 

[Author]

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