strategy for choosing good stocks for intraday
i am looking for an expert advise on how to pick potential stocks and the recommended number of stocks in your watchlist for intraday trading? strategies like picking stocks based on their sector or index performance, their volatility, volume etc. any suggestions will be highly appreciated.
I am going follow that thread. thanks burai123.
Look for following:
1. Stock hitting day high or 52 weeks high. (You can get this in your trading software or NSEindia.com
2. Go for Bluechip companies, its safe to trade in intraday
3. Look for Volume gainers (You'll need a good Technial analysis software like spider or falcon
4. Check for Pivot point breakouts.
5. Check for stock with some story / new. However, news can be made so, be smart in trading.
6. Also, if you are good in Fundamental and Technical Analysis. You can apply them.
See, I'll recommend you to go for a formal training for Intraday trading.