Top down approaches is followed for intraday (10-10:30) , (02:02:45)
i.e first we need the check the trend of the market
by Global market (morning – Asians market) ,(evening – europe market)
FII Activity (recent performance)
Nifty-50 trend
ADV decline ratio (pricewise and volume wise)
2) select 2 sectors contributing more to the index
3) select the stocks from above 2 sectors based on the change price
4) Find the entry ,SL,target using candlestick patterns of the stock