Step 10

Intraday Trading Time Analysis. When it comes to intraday trading, daily charts are the most commonly used charts that represent the price movements on a one-day interval. These are beneficial for analyzing short and medium-term time periods; In Intraday trading any short position created has to be exited or bought back before the close of the same day.
The IDEAL time for trading Intraday would be between 10 am to 11.30 am in the morning and between 1.30 pm to 2.45 pm in the afternoon.
It’s very big Question. One of the most dilemma or difficulty faced by traders is selection of good stocks. Out of the 5000 listed companies on BSE and 1500 in NSE and many more emerging, it becomes difficult to choose the few right stocks and invest in it.
1. Price Based Stock Selection
Each stock price fluctuates daily giving daily open, close, high and low prices. Among these four prices, high and low prices can be beneficial to select stock.When prices rises 52 week high or falls below 52 week low there are chances of increase or decrease of prices respectively. Such a signal can be helpful to know
2. Sectoral Stock Selection
Sector identification and analysis is necessary to select stock. Sectoral performance is as important as stock performance. Selected Stock based on poor performance of sector may not fetch good returns. Hence, it is important to review the sectors having good momentum.
3. Using Market Price Trend For Stock Selection
Observe and Compare the current market price of NSE and BSE for 5 minutes continuously.
If CMP (current Market Price) of
NSE > than BSE, Short term trend is up, prices are expected to rise only till NSE is higher than BSE.
NSE < than BSE, Short term trend is down and prices are expected to fall only