Indraday analysis is done by two things, i.e., identifying stocks and defining levels (entry and exit). First we have to see global markets, if it is in case of morning session see Asian markets and if it in case of evening session see European markets. Second thing is to see FII activity i.e., EOD data. Thirdly see Indian markets for advance decline ratio. Fourthly to see for volume and turnover basis of a stock. Finally select top three performing or declining stocks based on creating long or short position.