INTRADAY

Trading within a day (buy-sell or sell-buy) is called intraday. In positional trading we follow bottom-down approach, but in intraday we follow top-down approach. Holding long positions has no problem even if one fails to close within a day, but holding short positions must be closed within a day, if not there is a huge penalty
INTRADAY STEPS
1. Identify global market trend (European & assian market)
2. check FII activity
3. Check indian market
4.check advance & decline ratio
5. Check sector indices & select one
6. Trade in a company which has more %change and turnover.