Day Trading/Intra Day trading refers to trading in which positions are entered and exited on the same day. A day trader does not hold any positions overnight, and all trades are closed by the end of the trading session using a profit target, stop loss or time exit (such as an end-of-day exit). Day traders typically use technical analysis by viewing intraday price charts with normally 5 minute based charting intervals. Because trades are held for a period of minutes to hours, large price moves are uncommon, so day traders rely on frequent small gains to build profits.
In intraday trade you have to your position before the EOD.
The ideal time for Intraday trading is10 am to 11,30 am and 1.45 pm to 2.45 pm are ideal times to trade. Of this 1,45 pm to 2.45 pm is the preferred time.
Global Markets influence the price movement in Indian Market. Always follow the market trend. For example, a pessimistic outlook for technology companies in Asia or pharmaceutical companies in Europe could easily spill over into U.S. trading and cause American technology and pharmaceutical stocks to take a nosedive. This in turn has a major adverse impact on all of the major indexes.
To identify Momentum Stock follow the below mentioned steps:
study Market Direction both Global and Local, Index Contribution – Sectors contributing for rise or fall, Select stocks in line with Market Trend price wise and turnoverwise, Then Select the most appropriate stock.
, , Intraday Analysis, Global Markets, Index, intraday analysis, Market Direction, Positional Analysis.
