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Ideal time to get involved in intraday trade would be Morning : Between 1000 hrs and 1130 hrs
Afternoon: Between 1400 hrs and 1530 hrs
Reason: 1) Market sentiments will settle down
2) will reflect the status of Europe market.
Stocks are not actually transferred to trader’s demat account and therefore, it has to be squared off on the same day.
It is mandatory for short selling. Otherwise, penalty will be levied.
Due to lack of time to study and react. Only the market sentiments play a vital role in intraday trade.
Market sentiment influence the price movement for the day. Therefore, the momentum stock for the day has to be identified quickly by following the steps below:
1) Market direction:
– Look at the Active Global markets today
– Indian markets since the day open
– compare Global and Indian market to get some idea about market direction
2) FIIs activity: Track FIIs participation in Indian market the previous day. this will give some idea about their confidence on Indian market.
3) Adv / Dec ratio : Identify the advance and decline ratio both in terms of numbers and turnover
4) Identify the top performing Industrial sectors (top gainers, top losers)
5) Pick the Top stocks from the sector (top gainers, top losers for short selling)
Yes, Global markets do have impact on intraday price movement. Global markets decide the extent of FIIs participation for the day in Indian market.
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