Intraday trading is very different from positional trading as when it comes to positional trading we should see charts, previous price fluctuations ,technical formations to identify the demand and supply after then only we can fix the entry and exit levels.But in Intraday trading top down approach is followed to pick a stock where the main source is market sentiment (Global market ,Indian Market)
and this can be traced by the current moment of the market and the analysis is done in the short period of time before entering into a position .