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Global market, asian markets, indian markets, fii positioning, sector index and within sector the particular stock
Identify market direction.
Identify the sector which is contributing more to the market direction.
Identify the top five stocks which contributes to the sector movement. Also analyze the volume.
Choose the stock with high volume and more movement in the market and sector direction.
The process of identifying momentum stock in intraday are,
-Market direction- positive/negative.
-Sector contribution-Identify the sectors which has got good growth and select top 5 sectors.
-Stock selection- Select top 3 companies from the selected sector pricewise and turnover wise.
And then finally select the stock having good volume and trade the particular stock for intraday purpose. Keep target and stop loss.
1. Identify the market trend whether it is positive or negative
2. Check the sectors that contribute for market trend
3.Identify the top 5 stocks in the sector that contributes for market direction and analyze their volume.
4. Choose the stock from the above sector which is having high volume and price variations
Identify the positive or negative momentum of following.
- World Market.
- FII
- Indian Market
- Market Breadth – Counter Basis.
- Market Breadth – Turnover Basis.
If there are more positives, then buying from top five of two top most positive sectors.
If there are more negatives, then selling from top five of two top most negative sectors.
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