How to select stocks for intraday trading?

Volatility and liquidity should be primarily at the top of a trader’s mind while selecting stocks for intraday trading. However, other factors like market cycles, stocks in the news, stocks with technical trade setups can be included in the list and actively tracked especially when they are trading at day’s high or day’s low.

How to prepare list of intraday trades based on volatility and liquidity?

For preparing a list of intraday trades based on volatility, indicators like ATR, standard deviations can be used over a period of time say in the last 50 or 100 days. Whereas for liquidity; average turnover of the last 100 days can be used to determine top liquid stocks.

What are the advantages and disadvantages of intraday trading?

One advantage of intraday trading is one can take leveraged positions in stocks that are not available in F&O segment. Even though intraday trading eliminates overnight risk, there are other risks such as sudden news during trading hours, illiquidity in the instrument, and fluctuating volatility of the instruments.

Which is the highest traded instrument in intraday trading?

There is no doubt that Nifty and Banknifty indices are the highest traded instruments for intraday trading as these indices are tracked and traded by FIIs, DIIs hedge funds, and other institutions along with the public for hedging and speculation.

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How to use intraday tips?

Intraday Tips can be useful to know future bias of stocks individually. This Intraday Tips can be used for Intraday Shares & Stock Trading. ‣ Best time to take position: After 10.30 am morning. Stock Tips are for Next Day Trading of Updated Date. Updated daily after 6.30pm when Share Market Closed.