Positional trading – We identify demand over supply and mark entry and exit level
Intraday analysis – Top down approach. We need to understand the sentiment of the day for intra day trading. Intraday analysis need not be closed on the same day unless we are selling stock without holding the stock. Look at the global markets performance before intraday trading. Global players may be having an stronger hand and need to be looked at. Check for FII indications for the market performance and also check the Indian market performance. Advance/decline ratio to be checked before picking up the stock
Intraday analysis depends on the market sentiment for the day and hence positional analytical methods are not used. Use top down approach to identify the momentum stock for intraday