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Intraday Analysis is done using the Top Down Approach
- Market Direction: Global market sentiment, Recent performance of FII(Foreign Institutional Investor), Indian market NIFTY 50 needs to be considered whether positive or negative. Advance vs Decline ratio to be analysed using Market breadth chart – The price wise and the turnover
- Sector Contribution: Based on market direction, identify the sectors. Select the top 2-3 performing sectors for further index wise analysis.
- Stock Selection: Based on price wise and turnover wise, select the stock contributing high on price and turnover. Based on market trend, create short or log position. Plan the entry, Exit and stop loss.
Identify the direction of global market, FII, indian market, market breadth ( based on price ans turn over), select which sector of stocks are performing well, pick up the top two and stock selection is based on price and volume.
Criteria to be checked to identify the momentum of a stock:
Performance of world market.
Performance of FII activity.
Indian market nifty performance.
Market breadth – price wise.
Market breadth – turnover wise.
Select the top or low performing companies from the top and low performing sectors.
Then pick the stock and have an entry point, stop loss point and target point – create long /short position.
Process of identifying intraday stock momentum
market direction: Global market directions,FII activity-recent day performance, NIFTY 50 performance, market breadth-advance decline ratio and turnover basis.
Index construction: Sector wise analysis.
Stock selection: price wise and turnover wise in the selector index.
Intraday Analysis is done using the Top Down Approach
Market Direction: Global market sentiment, Recent performance of FII(Foreign Institutional Investor), Indian market NIFTY 50 needs to be considered whether positive or negative. Advance vs Decline ratio to be analysed using Market breadth chart – The price wise and the turnoverSector Contribution: Based on market direction, identify the sectors. Select the top 2-3 performing sectors for further index wise analysis.Stock Selection: Based on price wise and turnover wise, select the stock contributing high on price and turnover. Based on market trend, create short or log position. Plan the entry, Exit and stop loss.
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