Get started

Stockselection

A FEW PARAMETERS TO FILTER STOCKS FOR INTRADAY TRADINGThere 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. 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
Editors' picks
NSE:NIFTYEducation
by Divyaapugal
23
ENDURANCE TECHNOLOGY ( EDUCATIONAL PURPOSE ONLY) There is no guarantee in stock market and Nothing over week Always Invest or trade according to your loss bearing capacity STOCK TO STUDY (EDUCATIONAL PURPOSE ONLY) ENDURANCE TECHNOLOGYwith target of RS 1260CMP IS RS 1239.05 STOP LOSS: ACCORDING TO YOUR RISK APPETITE OR RS 1100 Disclaimer: I am not Sebi Registered. All my ideas/opinions and analysis are for your information and educational purposes only and it does not constitute any recommendation to buy or sell any stock or index. Use your own wisdom. M B PANDEY Student of Share Market since 2015 B.Sc. (MATHS & PHYSICS) Disclaimer: I AM NOT SEBI REGISTERED
NSE:ENDURANCELong
by vinayaka79
How to plan and manage trades?These are the factors that I personally take into consideration before placing a trade. These are personal views and every trader trades differently and considers different factors while planning their trades. Always follow proper money management and trade with discipline. It is important to have a clear head while trading to avoid making mistakes that you will later regret (speaking from personal experience). Hope you found this helpful :) Enjoy the process.
NSE:BANKNIFTY1!Education
by ArcherDAVIS
2