In intraday the momentum stock needs to be identified with the analysis of various parameters.

Market direction needs to be analysed using the global market movement along with Indian market(Nifty), and need to find whether the sentiment of the market is positive or negative. Foreign Individual Investor(FII) activity also needs to be considered.

Market Advance/ Decline ratio needs to be analysed using the market breath chart(Counterwise and turnover basis) and need to arrive whether it align with the market direction as positive or negative.

Sector Contribution: Based on this direction, need to identify the sector which contributes majorly for this trend and the corresponding sector needs to be selected.

Index Selection: The major index that contributes to the market direction needs to be identified and selected for further analysis.

Stock Selection: The stocks come under that index needs to be analysed on price wise and turn over wise and the stock which is contributing high on both price and turn over needs to be selected for trading.

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