Techniques of Intraday Trading
4 methods to do intraday trading
1. One of the most important way to find day trading stocks is NEWS -
Keep close watch on stock news.
Please visit our home page www.intradaystocktips.org for all current
market news, companies updates and for banking news.
Always trade on stocks which are in news. This will be your very sure
profitable trade.
2. Second way to find intraday stocks is go to www.nseindia.com and
follow the images shown below.
Here you will find today’s latest actively traded scrip’s. It will be easier
and faster for you to enter and exit from the trade with small profit in
such scrip having very high volumes, which is very important in intraday
trading.
Follow the following steps and you will get those high volume scrips
current latest.
Go to www.nseindia.com and click on Most Active securities. As
shown below marked in RED circle
3. Third way for finding breakout stocks for intraday trading is please visit,
Surge in Volumes and Trade with Support and Resistance
On both links you will find breakout stocks of previous day. Take the one stock (whose price should be above Rs.50) and go to
www.nseindia.com and find out traded volume of the stock. If volumes are above one lakh then choose that scrip for intraday trading.
Now your role on next day is to wait and watch this scrip. If this scrip moves above yesterday’s close then you can start buying and
selling on this scrip. Remember only if it moves above yesterday’s close.
Note - Make sure that scrip moves above yesterday’s close and also check market direction.
4. Fourth way which is one of the most important method to find intraday trading stocks is finding most active quantity trading future
derivative and doing intraday trading on their stocks.
Please visit www.nseindia.com and follow the following images. Here you will find today’s latest most active trading future derivative.
Skip Nifty derivative and see whether you find other derivative, if you find then choose its stock for intraday trading. This will be again
one of your profitable scrip.
Note - Make sure the direction of market and also direction of that future derivative whether it is moving up or down or trending (like
oscillator going up to certain price and again coming down and again vice versa)
Go to www.nseindia.com and click on Most Active Contracts as shown below in RED circle.
After this you have to click on By traded Quantity as shown below marked in RED circle
After this you have to click on By No. of Contracts as shown below marked in RED circle
Make use of Support and Resistance
Support and resistance are the two major and most important terms in day trading.
Support - support price is the base price for the stock price. If this base price breaks then there are chances for stock price to come down further.
As the name indicates support, it is the support for stock price to prevent it for falling further. But if the support price breaks then the stock price may slide down further.
Resistance - It is just like the stoppage for the stock price rally. In other words resistance is the price level where stock price comes and halts before its forward rally. If the resistance level is broken then the stock price may move further upside.
It is just like speed breaker for the stock’s price rally.
How practically support and resistance are important in day trading
The first rule in day trading is “Don’t do wrong trade and expect the stock price will move according to you”.
Be realistic you will get success.
So don’t buy or sell expecting stock will move above resistance level or will fall below support level.
Watch the stock price carefully and once it breaks the resistance then enter into trade (buy) or vice versa for support.
Note - In day trading always try to buy and sell. Don’t try to do short selling and then buy; do short selling only when
you are very sure about that stock.
Disclaimer: Information presented on this site is a guide only. It may not necessarily be correct and is not intended to be taken
as financial advice nor has it been prepared with regard to the individual investment needs and objectives or financial situation
of any particular person. Stock quotes are believed to be accurate and correctly dated, but www.intradaystockstips.org does not warrant or guarantee their accuracy or date.
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