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If trading was begin with intraday in mind, analysis would have been done in the same mindset so it is better to close all intraday position on the same day. Though closing long position is not mandatory closing short position on the same day is highly mandatory
Yes global markets do impact the intraday price movement. Asian, UK, US and European markets do operate in different time zones and since trading has been globalized all these markets affect Indian market. Especially since Asian and UK markets open before Indian market their sentiments do affect the Indian market sentiment
The ideal time to trade intraday is between 10 to 11:30AM in the morning and 2 to 3PM in the noon
Process to identify momentum stock in intraday: study world market and other markets as much as possible (as quickly as possible), identify the appropriate stock sector by studying the top ranks and price movement. Identify a couple of stocks within the sector and trade accordingly
Intraday analysis is one that is done to understand the market trend for trading within the same day. The major factors that contribute to this are the market sentiment and momentum of the current day, whereas positional analysis is done with demand and supply study for a certain period of time
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