Nifty 50 IndexEducation
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A FEW PARAMETERS TO FILTER STOCKS FOR INTRADAY TRADING
There are few things to be considered before selecting a stock for intraday such as,
1)Volume
2)Price
3)Mimicking Stocks
VOLUME:
Always Select a stock which has a high liquidity, which means the stock should have at least average daily volume of above 1 million (10 lakhs).
PRICE:
Many would not consider this as a important parameter. but it must be considered. Choosing penny stocks for intraday is not a good choice at all. Always prefer stocks trading above Rs.100 for intraday
MIMICKING STOCKS:
Look for the stocks which move in sync with the index.
So when the index moves upward/downward, there is a high possibility for the stock to go up/down similarly.
Few such examples are
1)Nifty & Reliance,
2)Bank nifty& HDFC Bank,
3)Nifty IT & TCS.
https://www.tradingview.com/x/HPSEr4qo/
https://www.tradingview.com/x/ofv2u4SA/
https://www.tradingview.com/x/rqKHiwvD/
SUMMARY
#Make a List of 10 stocks, which have good volume (>10 lakhs) & price above 100
#Try to Pick stocks from F&O category as they are the most liquid stocks & these stocks can't be manipulated easily by the operators.
#Make sure the 10 stocks are from various industries. Because if we pick stocks from same industries, they are likely to move in tandem.
#As a beginner, one should trade within only those 10 stocks every single day for at least 6 months. The reason behind is, every stock has a certain behaviour of its own & when we trade same stocks for a long time, one will get to know the in & out of the stocks & eventually be better at trading.
#Another good reason is, every stock is subjected to move according to its corporate action ( Earnings, AGM, Dividends etc.,) So it becomes easy to pay attention to the news related to a particular company, when we trade very few stocks.
SAMPLE 10 STOCKS LIST:
Finance
1)SBI
2)ICICI
Pharma
3)SUNPHARMA
4)BIOCON
Auto
5)MAHINDRA & MAHINDRA
6)TATA MOTORS
IT
7)INFY
8)TECHM
Fmcg
9)HINDUNILEVER
Metal
10)TATA STEEL
Disclaimer :
These are not rigid rules. All the above said are the things which am using for long time successfully.
If you are successful with any other method, please continue that.
Happy Profit Making,
Divyaa Pugal
1)Volume
2)Price
3)Mimicking Stocks
VOLUME:
Always Select a stock which has a high liquidity, which means the stock should have at least average daily volume of above 1 million (10 lakhs).
PRICE:
Many would not consider this as a important parameter. but it must be considered. Choosing penny stocks for intraday is not a good choice at all. Always prefer stocks trading above Rs.100 for intraday
MIMICKING STOCKS:
Look for the stocks which move in sync with the index.
So when the index moves upward/downward, there is a high possibility for the stock to go up/down similarly.
Few such examples are
1)Nifty & Reliance,
2)Bank nifty& HDFC Bank,
3)Nifty IT & TCS.
https://www.tradingview.com/x/HPSEr4qo/
https://www.tradingview.com/x/ofv2u4SA/
https://www.tradingview.com/x/rqKHiwvD/
SUMMARY
#Make a List of 10 stocks, which have good volume (>10 lakhs) & price above 100
#Try to Pick stocks from F&O category as they are the most liquid stocks & these stocks can't be manipulated easily by the operators.
#Make sure the 10 stocks are from various industries. Because if we pick stocks from same industries, they are likely to move in tandem.
#As a beginner, one should trade within only those 10 stocks every single day for at least 6 months. The reason behind is, every stock has a certain behaviour of its own & when we trade same stocks for a long time, one will get to know the in & out of the stocks & eventually be better at trading.
#Another good reason is, every stock is subjected to move according to its corporate action ( Earnings, AGM, Dividends etc.,) So it becomes easy to pay attention to the news related to a particular company, when we trade very few stocks.
SAMPLE 10 STOCKS LIST:
Finance
1)SBI
2)ICICI
Pharma
3)SUNPHARMA
4)BIOCON
Auto
5)MAHINDRA & MAHINDRA
6)TATA MOTORS
IT
7)INFY
8)TECHM
Fmcg
9)HINDUNILEVER
Metal
10)TATA STEEL
Disclaimer :
These are not rigid rules. All the above said are the things which am using for long time successfully.
If you are successful with any other method, please continue that.
Happy Profit Making,
Divyaa Pugal
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Disclaimer
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