Stock Selection For Intraday
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INTRADAY T RAD IN G
INTRADAY TRADING / KNOWLEDGE CENTER / STOCK RESEARCH
How to Choose Stocks for Intraday Trading?
How to Select Stocks for Intraday Trading? It’s a vast Question. One of the most dilemma or difficulty faced by traders is a selection of good stocks. Out of the 5000 listed companies on BSE and 1500 in NSE and many more emerging, it becomes difficult to choose the few right stocks and invest in it. Moreover, it becomes even more challenging to scan and select a few shares for the Day. To make the complex selection process easy, following are the few techniques for How to Pick Perfect Stocks for day trading? That can be helpful as well prove profitable.
Table of Contents I. 1. Price Based Trick I I Step to Find Out 52 Week High
Low Prices of Stock :
I.I. Step to Find Out 52 Week High – Low Prices of Stock :
II. 2. Sectoral Trick II.I. Steps to Find Out The Active Sectors
III. 3. Using Market Price Trend IV. 4. Without Chart Trick IV.I. Following Steps Will Help and Confirm The Pullback
V. 5. Gap up or Down Strategy V.I. Buying Opportunities: V.II. Selling Opportunity:
VI. Learn More About Day Trading Exchanging Stocks: VII. How To Select Stocks For Day Trading : Active Stocks VIII. Exchange Only 2 or 3 Scripts: IX. Choose Exceedingly Fluid Shares:
1. Price Based Trick Each stock price fluctuates daily giving daily open, close, high and low prices. Among these four prices, high and low prices can be beneficial to select Stock. When prices rise 52 weeks high or fall below 52 weeks low, there are chances of increase or decrease in prices respectively. Such a signal can be helpful to know Whether to trade in a particular stock or not.
Step to Find Out 52 Week High – Low Prices of Stock : 1. Go to nseindia.com 2. Select LIVE MARKET 3. Under LIVE MARKET ANALYSIS, select NEW 52 WEEK HIGH-LOW. 4. Direct URL:
https://nseindia.com/products/content/equities/equities/eq_new_high_low.htm
Image Credit ed NSEIndia.co m
2. Sectoral Trick Sector identification and analysis is necessary to select Stock. Sect-oral performance is as important as stock performance. Selected Stock based on the poor performance of sector may not fetch good returns. Hence, it is important to review the sectors having good momentum.
Steps to Find Out The Active Sectors 1. Go to www.nseindia.com 2. Select LIVE MARKET 3. Under LIVE MARKET, select INDEX. 4. The Index will show a list of various indices i.e. sectoral indices, strategy indices etc.
Direct URL: https://nseindia.com/live market/dynaContent/live watch/live index watch.htm
ps // se d a co
/
e_
a e /dy aCo
e
/
e_ a c /
e_ de _ a c
Image Credit ed NSEIndia.co m
Image Credit ed NSEIndia.co m
Its very usefull techniques for Topic of How to Select Stocks for Intraday Trading?
Its very usefull techniques for Topic of How to Select Stocks for Intraday Trading? You Also Like: Day Trading Strategies
3. Using Market Price Trend STEPS : 1. Observe and compare the current market price of NSE and BSE for 5 minutes continuously. 2. If CMP (Current Market Price) of
• NSE > than BSE, Short term trend is up, prices are expected to rise only till NSE is higher than BSE.
• NSE < than BSE, Short term trend is down and prices are expected to fall till NSE is smaller than BSE.
• NSE = BSE, Short term trend is neutral and price is expected to fluctuate.
THROUGH THE ABOVE STEPS WE CAN FIND MARKET TREND. BASED ON THIS WE CAN SELECT THE STOCKS FOR DAY TRADING. NOTE: IT IS BENEFICIAL TO SELECT STOCK OF REPUTED COMPANIES HAVING HIGH VOLUMES. It is Beneficial To Select Stock Of Reputed Companies Having High Volumes. It’s a simple way to pick stocks for intraday trading. Example:
Image Credit ed Mo neyCo nt ro l.co m
In the above image(screenshot from Moneycontrol application) showing trading prices of NSE higher than BSE. It indicates a very short trend or day trend to be still up, and stock is expected to rise. One can buy the stock at suitable entry levels.
Image Credit ed Mo neyCo nt ro l.co m
In the above image (screenshot from Moneycontrol application) showing trading prices of NSE lower than BSE. It indicates a very short trend or intraday trend to be down, and stock is expected to fall. One can sell the stock at suitable entry levels.
Image Credit ed Mo neyCo nt ro l.co m
In the above image (screenshot from Moneycontrol application) showing trading prices of NSE and BSE neutral It indicates a very short trend or day trend to be
prices of NSE and BSE neutral. It indicates a very short trend or day trend to be neutral, and stock is expected to fluctuate for very short term.
4. Without Chart Trick • Using this strategy, you can get a chance to earn a profit if you find a particular stock having an upside trend and has continuously risen 15-20% in last 3-5 sessions. Such stocks can be easily found out from various site such as moneycontrol, nseindia.
• Such strong upside trends are followed by a sharp PULL BACK of 3-10% in a single day because of profit booking.
• To get the advantage of profit booking, one needs to identify and confirm the pullback.
Following Steps Will Help and Confirm The Pullback 1. Preferred stocks as above instructed. Watch its price moment and note the opening price and closing price. 2. If the stock is trading below its opening price around 9:30 AM then sell stock near its opening price with the stop loss of the particular day’s high. 3. Previous Day’s high should be noted as after reaching that point, the prices will quickly fall.
The opposite strategy, i.e. pullback after a strong downward move (15%-20% down in last 3-5 sessions). However, this opposite strategy is less accurate. Example: Suppose “Infosys” rise from 900-1100 in last 3-5 sessions and today opened at 1090, given high 1120 and now trading at 1080-1089 around 9:30 AM, previous day close was 1075. There is a an excellent opportunity to sell the stock around 1090(near opening price) with strict stop loss above 1120(above day’s high). Get a good profit. If the stock breaks and holds below 1075, there may be a quicker fall.
5. Gap up or Down Strategy Gap up generally is a break between prices in the chart that occurs due to sharp up or down movement of prices with no trading in between. Such gap up-down can mainly create two opportunities:- Buy & Sell.
Buying Opportunities: Buying opportunity is generated when stock opens by margin gap up of 1%-2% of previous close and touches previous day close after the gap up opening but then bounce back and again breaks the day’s opening price with stoploss set at day’s low . Example: BATA INDIA LTD Previous day close: 400 Today open price: 408 Previous day high: 405 Today low price: 401 There is a gap up opening at 408, giving low of 401 (between previous day’s high and close) but now bounced back and trading again above 409 for 5-10 minutes. Here one can buy BATA INDIA LTD around 408-409(above its day’s open price) with the stop loss of 403(below previous day’s high) for targets of 410.
Selling Opportunity: Selling opportunity is generated when stock opens by gap up of 5-10% of the previous close and breaks below its opening price with day’s high as stop loss and target of previous day’s high and previous day’s close. Example: BATA INDIA LTD
Previous day close: 400 Today open price: 420 Previous day high: 405 Today high price: 425 There is a gap up opening at 420, giving high of 425 and now trading at 415 (below its day’s open price) for 5-10 minutes. Here one can sell BATA INDIA LTD around 420(near its open price) with the stop loss of 426 for targets of 406-400(near previous day’s high and close). There are many other techniques which are based on technical parameters such are MACD, RSI, Bollinger Band, Finding Retracement Level, Support and Resistance etc. Trading Fuel provides various free blogs to help an individual to obtain the proper and right knowledge on trading. Intraday trading is a specific trading technique where investors and traders buy or sells a financial instrument multiple times in a day. The exchanging in intraday trading conveys more hazard rather than putting other resources into stocks and shares. There are lots of risk involve if you get fail in choosing stocks for day trading. So when you are going to choose any stock, you need to be very choosy and affirmative.
Learn More About Day Trading Exchanging Stocks: Determination of stocks for day trading is one of the basic pieces of earning sound of profit in intraday trading. There are only few normal criteria that any of the greatest day exchanging stocks should to have. When you are going to select a stock, it is important for you to get depth analysis and information about the greatest intraday exchanging stocks.
How To Select Stocks For Day Trading : Active Stocks
y
g
Always prefer active and high volume stocks, if you want to keep losses at minimum level. Keeping losses low and profit high is really a highly challenging task for new traders and highly experienced traders. If you really want to keep it then always try to choose an active and high volume stocks before starting trading. Its best way to how to select stocks for day trading.
Exchange Only 2 or 3 Scripts: When you are going to put your resources in stocks, it is reasonable to enhance your portfolio. With regards of day trading exchange your scripts just two or three at once. This way of trading is a smart choice for experienced as well as new traders in day trading. Simplest method for how to select stocks for day trading.
Choose Exceedingly Fluid Shares: For the experienced investors, it is important that they should square their positions towards the end of exchanging session. The way of trading clearly shows that you are fairly trading on a high scale, file based stocks that are extremely fluid and get exchanged extensive volumes without fail. Best answer of learn how to select stocks for day trading. Trading Fuel is a right place for you lean a lot of thing about the strategy and technique to trade well in intraday trading. It is pioneer in offering online live stock market trading courses to know how to select stocks for day trading in NSE-India through using technical analysis of live chart. This reliable share market training center provides proper guidance to be very smart and careful in selecting best stocks for intraday trading. There are lots of things and techniques you need utilize when you are going to select stocks for day trading. Disclaimer: The above blog is for educational purpose. These techniques should be properly studied and then applied. We are not responsible for any Loss suffered using these techniques. We hope that you like our blog on “How to Select Stocks for Intraday Trading?”
Prashant Raut Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.
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PUBLISHED BY
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RELATED POST
Why 95% of traders lose money?
How Much Can We Earn in Intraday Trading?
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About Us
Terms of Use
Disclaimer & Privacy Policy
Contact Us
sitemap
All Rights Reserved
Name
Email
Mobile
JOIN NOW
JOIN FREE INTRADAY CLASS
HOME PAGE
INTRADAY T RAD IN G
INTRADAY TRADING / KNOWLEDGE CENTER / STOCK RESEARCH
How to Choose Stocks for Intraday Trading?
How to Select Stocks for Intraday Trading? It’s a vast Question. One of the most dilemma or difficulty faced by traders is a selection of good stocks. Out of the 5000 listed companies on BSE and 1500 in NSE and many more emerging, it becomes difficult to choose the few right stocks and invest in it. Moreover, it becomes even more challenging to scan and select a few shares for the Day. To make the complex selection process easy, following are the few techniques for How to Pick Perfect Stocks for day trading? That can be helpful as well prove profitable.
Table of Contents I. 1. Price Based Trick I I Step to Find Out 52 Week High
Low Prices of Stock :
I.I. Step to Find Out 52 Week High – Low Prices of Stock :
II. 2. Sectoral Trick II.I. Steps to Find Out The Active Sectors
III. 3. Using Market Price Trend IV. 4. Without Chart Trick IV.I. Following Steps Will Help and Confirm The Pullback
V. 5. Gap up or Down Strategy V.I. Buying Opportunities: V.II. Selling Opportunity:
VI. Learn More About Day Trading Exchanging Stocks: VII. How To Select Stocks For Day Trading : Active Stocks VIII. Exchange Only 2 or 3 Scripts: IX. Choose Exceedingly Fluid Shares:
1. Price Based Trick Each stock price fluctuates daily giving daily open, close, high and low prices. Among these four prices, high and low prices can be beneficial to select Stock. When prices rise 52 weeks high or fall below 52 weeks low, there are chances of increase or decrease in prices respectively. Such a signal can be helpful to know Whether to trade in a particular stock or not.
Step to Find Out 52 Week High – Low Prices of Stock : 1. Go to nseindia.com 2. Select LIVE MARKET 3. Under LIVE MARKET ANALYSIS, select NEW 52 WEEK HIGH-LOW. 4. Direct URL:
https://nseindia.com/products/content/equities/equities/eq_new_high_low.htm
Image Credit ed NSEIndia.co m
2. Sectoral Trick Sector identification and analysis is necessary to select Stock. Sect-oral performance is as important as stock performance. Selected Stock based on the poor performance of sector may not fetch good returns. Hence, it is important to review the sectors having good momentum.
Steps to Find Out The Active Sectors 1. Go to www.nseindia.com 2. Select LIVE MARKET 3. Under LIVE MARKET, select INDEX. 4. The Index will show a list of various indices i.e. sectoral indices, strategy indices etc.
Direct URL: https://nseindia.com/live market/dynaContent/live watch/live index watch.htm
ps // se d a co
/
e_
a e /dy aCo
e
/
e_ a c /
e_ de _ a c
Image Credit ed NSEIndia.co m
Image Credit ed NSEIndia.co m
Its very usefull techniques for Topic of How to Select Stocks for Intraday Trading?
Its very usefull techniques for Topic of How to Select Stocks for Intraday Trading? You Also Like: Day Trading Strategies
3. Using Market Price Trend STEPS : 1. Observe and compare the current market price of NSE and BSE for 5 minutes continuously. 2. If CMP (Current Market Price) of
• NSE > than BSE, Short term trend is up, prices are expected to rise only till NSE is higher than BSE.
• NSE < than BSE, Short term trend is down and prices are expected to fall till NSE is smaller than BSE.
• NSE = BSE, Short term trend is neutral and price is expected to fluctuate.
THROUGH THE ABOVE STEPS WE CAN FIND MARKET TREND. BASED ON THIS WE CAN SELECT THE STOCKS FOR DAY TRADING. NOTE: IT IS BENEFICIAL TO SELECT STOCK OF REPUTED COMPANIES HAVING HIGH VOLUMES. It is Beneficial To Select Stock Of Reputed Companies Having High Volumes. It’s a simple way to pick stocks for intraday trading. Example:
Image Credit ed Mo neyCo nt ro l.co m
In the above image(screenshot from Moneycontrol application) showing trading prices of NSE higher than BSE. It indicates a very short trend or day trend to be still up, and stock is expected to rise. One can buy the stock at suitable entry levels.
Image Credit ed Mo neyCo nt ro l.co m
In the above image (screenshot from Moneycontrol application) showing trading prices of NSE lower than BSE. It indicates a very short trend or intraday trend to be down, and stock is expected to fall. One can sell the stock at suitable entry levels.
Image Credit ed Mo neyCo nt ro l.co m
In the above image (screenshot from Moneycontrol application) showing trading prices of NSE and BSE neutral It indicates a very short trend or day trend to be
prices of NSE and BSE neutral. It indicates a very short trend or day trend to be neutral, and stock is expected to fluctuate for very short term.
4. Without Chart Trick • Using this strategy, you can get a chance to earn a profit if you find a particular stock having an upside trend and has continuously risen 15-20% in last 3-5 sessions. Such stocks can be easily found out from various site such as moneycontrol, nseindia.
• Such strong upside trends are followed by a sharp PULL BACK of 3-10% in a single day because of profit booking.
• To get the advantage of profit booking, one needs to identify and confirm the pullback.
Following Steps Will Help and Confirm The Pullback 1. Preferred stocks as above instructed. Watch its price moment and note the opening price and closing price. 2. If the stock is trading below its opening price around 9:30 AM then sell stock near its opening price with the stop loss of the particular day’s high. 3. Previous Day’s high should be noted as after reaching that point, the prices will quickly fall.
The opposite strategy, i.e. pullback after a strong downward move (15%-20% down in last 3-5 sessions). However, this opposite strategy is less accurate. Example: Suppose “Infosys” rise from 900-1100 in last 3-5 sessions and today opened at 1090, given high 1120 and now trading at 1080-1089 around 9:30 AM, previous day close was 1075. There is a an excellent opportunity to sell the stock around 1090(near opening price) with strict stop loss above 1120(above day’s high). Get a good profit. If the stock breaks and holds below 1075, there may be a quicker fall.
5. Gap up or Down Strategy Gap up generally is a break between prices in the chart that occurs due to sharp up or down movement of prices with no trading in between. Such gap up-down can mainly create two opportunities:- Buy & Sell.
Buying Opportunities: Buying opportunity is generated when stock opens by margin gap up of 1%-2% of previous close and touches previous day close after the gap up opening but then bounce back and again breaks the day’s opening price with stoploss set at day’s low . Example: BATA INDIA LTD Previous day close: 400 Today open price: 408 Previous day high: 405 Today low price: 401 There is a gap up opening at 408, giving low of 401 (between previous day’s high and close) but now bounced back and trading again above 409 for 5-10 minutes. Here one can buy BATA INDIA LTD around 408-409(above its day’s open price) with the stop loss of 403(below previous day’s high) for targets of 410.
Selling Opportunity: Selling opportunity is generated when stock opens by gap up of 5-10% of the previous close and breaks below its opening price with day’s high as stop loss and target of previous day’s high and previous day’s close. Example: BATA INDIA LTD
Previous day close: 400 Today open price: 420 Previous day high: 405 Today high price: 425 There is a gap up opening at 420, giving high of 425 and now trading at 415 (below its day’s open price) for 5-10 minutes. Here one can sell BATA INDIA LTD around 420(near its open price) with the stop loss of 426 for targets of 406-400(near previous day’s high and close). There are many other techniques which are based on technical parameters such are MACD, RSI, Bollinger Band, Finding Retracement Level, Support and Resistance etc. Trading Fuel provides various free blogs to help an individual to obtain the proper and right knowledge on trading. Intraday trading is a specific trading technique where investors and traders buy or sells a financial instrument multiple times in a day. The exchanging in intraday trading conveys more hazard rather than putting other resources into stocks and shares. There are lots of risk involve if you get fail in choosing stocks for day trading. So when you are going to choose any stock, you need to be very choosy and affirmative.
Learn More About Day Trading Exchanging Stocks: Determination of stocks for day trading is one of the basic pieces of earning sound of profit in intraday trading. There are only few normal criteria that any of the greatest day exchanging stocks should to have. When you are going to select a stock, it is important for you to get depth analysis and information about the greatest intraday exchanging stocks.
How To Select Stocks For Day Trading : Active Stocks
y
g
Always prefer active and high volume stocks, if you want to keep losses at minimum level. Keeping losses low and profit high is really a highly challenging task for new traders and highly experienced traders. If you really want to keep it then always try to choose an active and high volume stocks before starting trading. Its best way to how to select stocks for day trading.
Exchange Only 2 or 3 Scripts: When you are going to put your resources in stocks, it is reasonable to enhance your portfolio. With regards of day trading exchange your scripts just two or three at once. This way of trading is a smart choice for experienced as well as new traders in day trading. Simplest method for how to select stocks for day trading.
Choose Exceedingly Fluid Shares: For the experienced investors, it is important that they should square their positions towards the end of exchanging session. The way of trading clearly shows that you are fairly trading on a high scale, file based stocks that are extremely fluid and get exchanged extensive volumes without fail. Best answer of learn how to select stocks for day trading. Trading Fuel is a right place for you lean a lot of thing about the strategy and technique to trade well in intraday trading. It is pioneer in offering online live stock market trading courses to know how to select stocks for day trading in NSE-India through using technical analysis of live chart. This reliable share market training center provides proper guidance to be very smart and careful in selecting best stocks for intraday trading. There are lots of things and techniques you need utilize when you are going to select stocks for day trading. Disclaimer: The above blog is for educational purpose. These techniques should be properly studied and then applied. We are not responsible for any Loss suffered using these techniques. We hope that you like our blog on “How to Select Stocks for Intraday Trading?”
Prashant Raut Prashant Raut is a successful professional stock market trader. He is an expert in understanding and analyzing technical charts. With his 8 years of experience and expertise, he delivers webinars on stock market concepts. He also bags the ‘Golden Book of World Record’ for having the highest number of people attending his webinar on share trading.
PREVIOUS
NEXT
« Difference Between BSE and NSE
What is Share Market and How it works ? »
Leave a Comment
SHARE
PUBLISHED BY
Prashant Raut
2 YEARS AGO
RELATED POST
Why 95% of traders lose money?
How Much Can We Earn in Intraday Trading?
What is NCDEX in India?
RECENT POSTS BEGINNER'S GUIDE
INSPIRING TRADING LESSONS
KNOWLEDGE CENTER
SHARE MARKET
SUCCESS STORY
Why 95% of traders lose money? As a trader, you might have heard about the statistical data that shows, 95% of…
1 week ago
BEGINNER'S GUIDE
I N T R A D AY T R A D I N G
How Much Can We Earn in Intraday Trading? How Much Can We Earn in Intraday Trading? – Everybody’s Big Question let us understand…
1 week ago
BEGINNER'S GUIDE
KNOWLEDGE CENTER
NCDEX
SHARE MARKET
What is NCDEX in India? What is NCDEX in India? Are you a beginner in the stock market or in…
1 week ago
REVIEWS
SHARE MARKET
Yes Bank’s Journey of Failure! “There was talk of black money coming from Swiss bank Instead of this; white money…
2 weeks ago
BEGINNER'S GUIDE
KNOWLEDGE CENTER
MUTUAL FUND
PERSONAL FINANCE
How to Buy Mutual Fund Online? Mutual Fund Sahi hai....Bhai.... The famous advertisement for the mutual fund right. Is Mutual Fund…
2 weeks ago
BEGINNER'S GUIDE
IPO
KNOWLEDGE CENTER
How to Apply IPO In Online? How to Apply IPO In Online?: IPO (Initial Public Offering) is an interesting and hot…
2 weeks ago
About Us
Terms of Use
Disclaimer & Privacy Policy
Contact Us
sitemap
All Rights Reserved
Name
Mobile
JOIN NOW
JOIN FREE INTRADAY CLASS
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