What is the process of identifying momentum stock in intraday?

[Geetha]

The momentum stock in intraday can be identified using the top down approach.

A. Market direction – analyse the market direction

1.Performance of world market

2.FII Activity- recent performance

3.Indian Market performance

4.Market Breadth- Price Wise

5.Market Breadth – Turn Over Basis

B. Index Contibution

1.Identify the 2 top performing sector

C. Stock Selection

1.Price Wise

2.Turnover wise

Consider the above approach and check the candle chart and choose the stock.

 

[Gokulnath]

1. First the market direction should be evaluated by considering a set of criterias.

2. Then 2 top performing sectors should be chosen.

3. From theses sectors 4 to 5 companies should be selected base on price and based on turnover separately.

4. From these 2 lists, company that matches is selected.

5. A final check is done by analyzing it’s price movement from the morning.

6. Now the stock is traded. If the market sentiment is positive then long. If negative then short.

[Vinish Kumar]

We can identify the correct stock for intraday using the top down approach.

1. Market direction
Analyse the current market direction based on the performance of world market. Around 10 AM check the Asian market trend and around 12.30 check the european countries market.

2.FII Activity-
Check the recent activity of FII’s indian market. (its available in nse websites)

3.Indian Market performance
Analysis the BSE and NSE status in current time

4.Market Breadth- Price Wise

5.Market Breadth – Turn Over Basis

6 Index Contribution
Identify the 4 top gainer using the previous analysis in +ive are select top 4 looser. If previous analysis is indicate the Nutural means stay away from market.

7. Stock Selection
1.Price Wise
2.Turnover wise
Select top 2 which is common for Stock selection pattern.

Now check the intraday chart and find the SL Target and Entry price.

Happy trading

[Aariya NS]

Intraday analysis

1. Global market-Asian market (10 a.m);European market(2 p.m)
2. FII’s activity-check the recent activity of FII’s in Indian market
3. Indian market performance-analyse the BSE and NSE in current time
4. Market Breadth- price wise
5. Market Breadth- turn over basis
6. Index contribution-select top 2 performing sector
7. Stock selection-1.Price wise;2.turnover wise
8. Entry price;stop loss;target

[thiru]

Process to identifying momentum stock in intraday:

1.) Identifying Global market direction: Overnight Us market, Asian (japan & china), Europe.

2.) FII Activity: Recent activities of FII, whether it is buying or selling,

3.) Indian Market: NSE & BSE (+ve or -ve),

4.) Market Breadth: Based on price, (counter vise)

5.) Market Breadth: Based on volume, (turn over vise)

6.) Sector Contribution: If above analysis shows + ve then select top 2 Best performing sectors, If above analysis -ve then select top 2 Worst performing sectors,

7.) Stock Selection: Based on price movement,  select the 4 best/worst performing stocks, under the selected sector,

8.) Stock selection: Based on volume, select the 4 best/worst performing stocks, under the selected sector,

9.) Select the stocks, which is present on both criterion,

10.) Based on intraday day chart, go for entry, sl and exit with the selected stocks.

 

 

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