Intraday Trading - Stock Selection
In Intraday Trading, Stocks screening has to be done on Daily basis Following Categories of Stocks can be considered for Intraday Trading 1.High Beta Sector stocks High Beta sectors are those who are Highly volatile in Nifty movement. Some of the sectors are - A. Banking B. Infrastructure C. Automobile D. Metal E. Realty These sectors’’stocks give good returns when Nifty is in strong trend (Uptrend/Downtrend) however these stocks should be avoided in Sideways Market 2.High Volume Stocks In any of Trading platform/website you can see stocks ‘Most Active by Volume’; You can trade in the stock if the volume is higher on that day. Volume is an important aspect in Price Movement depicted as Market Pressure, Higher the volume higher the movement ( Source - Investing.com) The Bar Chart shows the Volume of SBI on 09th June 2020 in Daily chart, As on date the volume is higher than average(line in the bar indicates daily average )Hence, The stock will show a movement 3.Stocks/ S...