How to choose stocks for Intraday

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Saurabh Guptahttp://karekaise.in
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Many friends find it difficult to choose stocks for intraday. But after today your trouble is going to go away. Because today I am going to teach you how to choose stocks for intraday. The time taken in intraday trading is very less. Therefore it is very important to select good stocks for intraday trading. But do you know that 90 out of 100 people fail in this.

But today I am going to understand you very well about how to choose stocks for intraday. So now let’s start today’s topic how to select stocks for intraday

Buying shares of sectors which is flourishing


Friends, first of all you have to find out which sector is booming today. Today banking stocks are running or auto sector is running or any other sector. Now whatever sector is running, you have to buy the shares of the same sector for intraday.

Suppose there is a boom in the banking sector today. So in the banking sector, you should keep an eye on the good shares of banking sector like SBI, Axis Bank, icicibank etc. and buy in that share. Meaning that you have to buy in the shares of the same sector by first finding out which sector is booming.

If the auto sector is running, then you have to pay attention to the share of the auto sector and buy in it. But keep in mind that always buy shares of good company. If you can’t buy Maruti shares, then keep an eye on a stock like Tata Motors. This is the first method for intraday trading.

Buying top gainers share


Now let’s know about other techniques of how to choose stocks for intraday. Friends, after the stock market is open, you have to see the list of top gainer shares. Top gainers are those stocks which are showing the fastest growth in the market today.

 

The top gainer shares may have moved more than 1-2%. But you have to keep in mind on such a stock, as soon as there is a slight decline in such stock, then you can buy it. Friends, there is very little chance in the stock which is trending that there will be a sudden fall. Therefore, always buy the stock in which you are seeing a boom.

Such shares will cost you in price, but after 15-20 minutes that share will be moving upwards by Rs 5-7. Because he comes in the list of top gainers only when there has been a rise in that stock. Using this technique you can choose the stock of intraday trading.

 Through the use of pivot point


Now let me tell you about the third technique of how to choose stocks for intraday. This is a very easy technique. Pivot point is the point of the stock above which if the price of a share is moving, then there is more possibility of a rise in it.

For intraday, always buy the stock whose price is moving above the pivot point. This is a very easy technique.

Buy shares near support level


For intraday trading, you have to choose such stocks which are trading near their support level. You can buy the share key near the support level. Support level is the level near which the share price is likely to rise after reaching that price.

 

This is a method of technical analysis using which you can choose the best stock for intraday trading. If you are not aware about what is the support level of the stock, then you can read my technical analysis in hindi article. In which I have given detailed information about support and resistance level.

WHAT DID YOU LEARN TODAY


I hope you have liked my article on How to choose stocks for Intraday.  It has always been my endeavor to provide complete information about the future of stock market to the readers, so that they do not have to search any other sites or internet in the context of that article.

This will also save their time and they will also get all the information in one place. If you have any doubts about this article or you want that there should be some improvement in it, then you can write comments below for this. this is only for educational purpose.

 

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