Intraday Analysis

Intraday analysis is to analyse the market situation and price movement to make profit for buying/selling or selling/buying the stocks on the same day. The analysis is the top down approach and needs to be focused on that day’s sentimental and momentum analysis. The parameters to be considered for intraday analysis is different from positional and the intraday analysis needs to be completed in shorter time. Positional analysis focused on demand and supply where is the intraday analysis focused on that day’s sentiment and momentum. In Intraday, It is mandate to close the position before the market closes. Ideal time to trade is, In the morning session 10:00 to 11:30 AM and In the evening session 01:30 to 02:30 PM. The process to identify a stock for intraday trading is by top down approach. first determine the market sentiment by the following ways: 1. See the relevant global markets at the time of identifying the stock. 2. Check the index and determine the trend 3. check the advance decline ratio. 4. Check the FII activity as well. 5. Identify the sector which is the strongest or the weakest as per the trend. 6. Gather 4 stocks which are among the top or low as the case maybe. 7. choose the stock which has huge turnover.