Intraday Analysis

• Intraday analysis is the method of analysis to identify the stocks that needs to be traded(bought & sold) in the same day to make income/profit. Intraday analysis is based on market sentiment, i.e, Market direction, Sector contribution and selecting the stock trading with high volume.
The Intraday analysis follows the top down approach in selecting the stocks to be traded whereas in positional analysis the stock is picked first and analysis is done on it to identify the price movement.
In Intraday trading any short position created has to be exited or bought back before the close of the same day.
The IDEAL time for trading Intraday would be between 10 am to 11.30 am in the morning and between 1.30 pm to 2.45 pm in the afternoon.
Intraday price movement is driven by the market sentiment and the global market plays a major role to decide the market trend /movement of our market on a given day.
So it is important to watch out the global market direction for intra day analysis.
Positional analytical methods are based on demand and supply, but the sentiment and momentum of the day defined the price movement within the day. Hence the positional trading analysis can not be used for intraday and the market direction, impact on global market, sector contribution, the stock align with index are the parameter needs to be analysed for intraday trading. And the timeline available for the analysis is very short compared to positional and decision needs to be taken faster on the selection of the stock and the target price.