Step 10 – Intraday Analysis

Intra day trading is to trade on a daily basis by selecting a stock using the top down approach of finding the market direction, the index contribution and then choosing a stock from index based on price and turnover. Intra day positions are valid only for that day since the analysis is for that day only. No positions should be taken. Risk-Reward ratio should be arrived and then the appropriate trade plan needs to be created.