Intraday Trading Tips and Tricks
Intraday Trading Tips and Tricks
Intraday Trading Tips and Tricks
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HOW TO PICK STOCK - INTRADAY
INTRADAY TREND PREDICTION -
- At 9:25AM Go to NSEINDIA site.
- Select LIVE MARKET --> Live Analysis --> Select "Advances and Declines"
- If Difference between Advances and Declines is 200 or MORE Then which ever side
is greater that will be the TREND
- All the details 52 week high low / Bulk or Block deals / Stocks hitting the
Upper & Lower price bands etc we can find from NSE itself (Live data).
**IMP** - We need to also check bleow for a STOCK for its health status ( Most
Suitable for Long Term )
- EPS should be increase year by year
- Book Value Per share should be increase year by year
- Total Debt to equity Ratio should be < 0.50
- Current Ratio should be > 1.50
- Price to earnings Ratio between 15 to 30
- Price to Book Ratio should be <1 or 1.
Note - Use Stockedge app, NDTV Finance, Money Control etc to know above info
for a STOCK.
1 - Down Load STOCKS of NIFTY50 & F&O Stocks from NSEIDIA at 9:20AM OR 9:30AM. Also
COPY TOP Losers and Gainers data at that time.
2 - Find "OPEN = LOW" STOCKS (BUY) & "OPEN = HIGH" STOCKS ( SELL) - FORMULA
"=EXACT(A1,B1)"
3 - Check if any news came for selected stock. If YES, then Indicator wont work as
expected.
4 - When ever selected STOCK breaks out 52 WEEK HIGH its a UP TREND ( At that time
need to BUY particular STOCK )
5 - When ever selected STOCK breaks out 52 WEEK LOW its a DOWN TREND ( At that time
need to SELL particular STOCK )
- IF NIFTY is >+25 then its a Strong UP TREND (Stocks will move up side).
- IF NIFTY is <-25 then its a Strong DOWN TREND (Stocks will move down side )
- IF NIFTY is inbetween <-25 and >+25 then its Neutral Stocks will move sideway.
- Follow the Chart to know TREND whether its UP ( BUY ) or DOWN ( SELL ).
6 - Open stock Chart (Ex: In Google ) Draw a line by touching top notches and Low
notches to know whether TREND is UP or DOWN.
- ******Always Follow the TREND. Its a Thumb Rule******
7 - Check if any BULK / BLOCK Orders happend for selected stock.
If FII / DII / Mutual Funds placed(BUY) Bulk / Block order then stock will
increase.
If FII / DII / Mutual Funds placed(SELL) Bulk / Block order then stock will
decrease
Important point is if BUY-volume is high stock will grow / If SELL-volume is
high then Stock will decline.
8 - Check Indicators RSI, CCI, William %R etc from Stock Edge app OR
in.investing.com for a stock.
- Check chart types MACD, Stochastic, Bollinger bands etc rom Stock Edge app OR
in.investing.com for a stock.
9 - Check If stock has Gap up ( Short Order with target of last day's close ) / Gap
Down ( Buy Order with target of last day's close ).
- Need keep Stop loss of 20% - 50% of 5 Day ATR.
- Gap sizes equals to or below 20% of 5 day ATR is filled very fast.
- Win rate drops off if Opening gap size is beyond 40% of 5 day ATR.
FORMULA -
GAP UP = Today's Open > Previous day High ( GAP UP )
GAP DOWN = Today's Open < Previous Day Low ( GAP DOWN )
Note - Down load NIFTY 50 & F&O Stocks Info from NSE at 4:01PM Daily to Compare
with NSE Tomorrow 9:15:10SEC AM STOCK's Open Price.
TIPS -
- A gap up in price, into supply, after a rally in price, and in the context of
a downtrend, is a very high-probability shorting opportunity
- A gap up in price, and in the context of an uptrend, is a lower-probability
shorting opportunity and can actually be a buying opportunity
on a pullback to demand when there is a significant profit margin above.
- A gap down in price, into demand, after a decline in price, and in the
context of an uptrend, is a very high-probability buying opportunity
- A gap down in price, and in the context of a downtrend, is a lower-
probability buying opportunity and may in some cases be a shorting
opportunity after a rally into supply when there is a significant profit
margin below
Link - http://stockcharts.com/school/doku.php?
id=chart_school:trading_strategies:gap_trading_strategies
10 - Check If selected stock is hitting Upper Price Band / Lower Price Band in
NSEIDIA Site ( LIVE MARKET --> Live Analysis )
- If STOCK hitting Upper Band then its BUY Signal / If STOCK Hitting Lower Price
Band its SELL Signal.
- If stock not exist in list no need to consider this check.
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INTRDAY TRICKS -
We can use Pivot Point Strategy and Gann Calculator Strategy to know Support &
Resistance levels for a stock.
Formula -
Pivot point (PP) = (High + Low + Close) / 3.
Y = PP * 2
R1 = Y - Low
R2 = PP + ( HIGH - LOW )
S1 = Y - HIGH
S2 = PP - ( HIGH - LOW )
Gann Calculator Strategy -
i. After 30 min of opening Stock Market find the VWAP(Volume Weighted Average
Price) of a stock from NSEINDIA site
ii. Paste the copied value in Gann Calculator. It will give Buy / Sell point and
Support and Resistance levels
iii. Use site http://www.pivottrading.co.in/pages/gannSquareof9.php
Link - https://www.youtube.com/watch?v=aS0Svch735o
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INTRADAY TRICKS TECHNICAL -
1.
Intraday Strategy - Parabolic SAR + Super trend 7, 3 & 10, 3 & 11, 2 + Vortex
indicator (10 min chart)
Link - https://www.youtube.com/watch?v=j5E94r72SXA
3.
4.
5.
The Average Directional Index (ADX) ( 1min (Preferable), 5 min & 15 Min chart)
measures trend strength without regard to trend direction. The other two
indicators, Plus Directional Indicator (+DI) and
Minus Directional Indicator (-DI), complement ADX by defining trend direction. Used
together, chartists can determine both the direction and strength of the trend.
Note : The black line represents ADX, ensure it is above 25 while looking for the
crossovers.
Link - https://zerodha.com/varsity/chapter/supplementary-notes-1/
6.
VWAP - 1 min chart (Preferable)
Depth" in Kite
- Check if selected STOCK made Consecutive 3 OR 7 days Lose OR Gain using stock
edge option "Scans" or in NSE site using option "Historical data".
- Using above points we can know whether trend is down OR up. If trend is down go
for SHORT / If trend is Up go for LONG.
- Check Charts (Saved views in Kite) for when to enter and exit.
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STOCKS SCREENER - Please find the link Below
- Llink - https://screener.smallcase.com/
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