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In Intraday analysis we depend on moving average, relative strength index etc and price and volume movement, market sentiment, global market etc of the same day with either minute by minute analysis or 5 minutes analysis. Whereas in positional analysis is based on the price pattern and volume on a daily basis for a week, month, or year based on the time frame one wants to hold and the profit one wants to book.
First a look at the asian markets and global markets trend and then should go to the NSE site and see index and then in that to select best two performing sectors and in that should select a stock with good volumes and the intraday candle should be 45 degrees and such stocks should be selected in two sectors and to be traded either at 10 am or 2 pm.
The Japanese market opens ahead of us and some other asian markets also, so if the trend if bullish then the when the Indian markets open it tends to be bullish etc. In the after the European markets open and a similar effect of the European market can be seen in the Indian markets also and since we are in different time zones there is some impact on the intraday price movement in the morning as well as in the afternoon.
In intraday the prices of the stocks vary minute by minute and market is volatile so decisions have to be quick and spontaneous; whereas in positional trades we can hold the stock and wait when the markets move to the expected price to sell or buy this can vary from a few days to a few weeks to a few months depending upon the analytical methods one wants to use for a particular stock.
The ideal time for beginners to trade is between 10 am to 1130 am and 2 pm to 3 pm.
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