What is the process of identifying momentum stock in intraday?

[Thiyagu]

Market Sentiment

FII activity

Indian market

Advance Decline ratio

Market Breadth Price

Volume

Select the best performing 2 sectors of the day
Select top 5 stocks on the day of those 2 sectors

Go long / short based on the trend

[shalini]

the process of identifying momentum stock in intraday involves a top down approach.

firstly, we have a identify the market direction or the market sentiment  whether it is positive or negative. this depends on the asian market, world market, FII activities in the recent past and the indian market (NIFTY).

next, we have to identify market breadth based on price and the market breadth based on TO. This will give us the overall market sentiment whether positive or negative.

Next, choose a particular sector which alligns with the overall trend.

from this sector, choose a stock which has good TO and volume.

[Sangeetha]

Identify the world market- positive or negative.

FII activity performance.

Indian market- positive or negative

Market breadth- turn over basis.

If the market sentiment is positive then watch 2-3pm from the top 5 companies in positive sector(price & turnover wise)

If the market sentiment is negative then watch 2-3pm from top 5 companies in -ve sector(price & turnover wise)

[suguna]

The momentum stock in intraday can be identified  by

first find out the sentiments of Global market whether it is positive or negative

then the Fll activity

the go for trend in indian market whether positive or negative

Find out market breadth both price wise and turnover wise

Select two performing sector, select 4 or 5 top companies

Analyse the day’s performance, if the trend is positive create long position otherwise short position

[S.Sivaraman]

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