OWN WRITTENS FROM WHAT I LEARNED

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 intra day analysis focused on that day’s sentiment and momentum.
The intraday happens in the SPOT market and the settlement happens in the same day. Hence it is mandatory to close the intraday position on the same day, otherwise will be charged for penalty.
In Intraday trading any short position created has to be exited or bought back before the close of the same day.
The momentum stock needs to be identified with the analysis of various parameters. Market direction needs to be analysed using the global market movement along with Indian market(Nifty), and need to find whether the sentiment of the market is positive or negative.