Nikhath

[Nikhath]

1. identify the market direction

• world market
• FIIS
• indian market
• market breadth on the basis of price & turn over

2.sector contribution

• performance of sectors (shortlist the best or worst depending on the market sentiment)

3. stock selection 

• price wise
• volume wise

 

[Nikhath]

Global markets have an impact on the price movement, as the money is  invested in Indian markets also by foreign institutional investors , so their sentiment shall effect the price.

[Nikhath]

Technical analysis used for positional trading is extensive and time consuming , and the intent is to arrive at demand and supply , and the inputs required are the price and volume over a period of time. Intraday trading decisions have to be made spontaneously so there ain’t enough time to do formal analysis, so one has to flow with the market sentiment.

[Nikhath]

The exchange makes the settlement on the same day after 3.30 pm, so its mandatory to close the intraday position on the same day.

[Nikhath]

10-11.30 am (follow indian and asian markets sentiments)

2-3 pm (follow European market sentiments )

[Author]

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