Intraday analysis can be divided in 2 parts. 1) Select the stock to be traded 2) To determine the entry, exit level and stop loss. For selection of stock we have to first find a) Market sentiment b) Sector selection c)Stock selection and d) Entry, Exit and Stop loss identification of the selected stock and proper execution of the trade. Ideal time to trade intraday is between 10 am to 11.30 am and 2 pm to 2.45 pm.
The intraday trades are short time trades hence the brokers offer a good brokerage and also a good leverage so that lures the traders to take more trades thus benefiting the traders as well as the brokers. The trades are mandatory to be closed before the end of day because otherwise it would attract higher brokerage and also the leverage will be less. Also it saves the traders from the overnight risk of holding on to the stock.
The ideal time for trading intraday is between 10 am to 11 am and 2.00 pm to 2.40 pm.
Global markets do impact prices in Indian markets because FII have huge amount of funds at their disposal and they are involved in 30% value of trades in Indian markets thereby influencing the demand and supply of shares. This impacts the price movement of Indian Shares and also the retail investors.
Intraday analysis is done using top down approach. The process of identifying the momentum stock in Intraday is as follows:
a) Identify the market direction b) check market breadth c) check sector contribution that is responsible for market direction d) check the index contribution to current market direction e) take the top 2 sectors that contribute to the market direction f) filter 4 stocks from the top 2 sectors indentified g) select the
, , Intraday Analysis, Demand, Entry, Exit, intraday analysis, Intraday trading, long trades, Positional Analysis., positional trades, short trades, Stop Loss, Supply
Good work sir.. Thanks for the detailed explanations