Dipakk Mehta

[Dipakk Mehta]

• Look for global market – positive or negative

• Check FII activity

• Check market breadth (advance-decline ratio) both price and turnover wise

• Check Indian market

Select top two sectors responsible for prevailing market direction

select 2 companies from each sector

select company with highest trading volume

create short or long position based on market direction

 

[Dipakk Mehta]

Yes global market affect intraday price movement since it operates ona different time zone and whether downtrend or uptrend the same is reflected in india

this because intraday is an emotional market based on momentum,news and trend and requires various other factors to predict the price move

[Dipakk Mehta]

Positional analytical methods are tested analysis methods on a weekly monthly and yearly frame rather than within a day

so it is most reliable on longer trades than intraday

[Dipakk Mehta]

10 am to 11 30 am

2 – 2.45 pm

[Dipakk Mehta]

It is not mandatory to close the position on the same day but it is advisable to close within the day because it relies on momentum trading and the market sentiments might be different next day

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