HOW TO CHOOSE THE RIGHT INTRADAY TRADING STOCKS

TRADE ONLY IN LIQUID  STOCKS

Liquidity is the most important intraday trading tip while choosing the right stocks to trade during the day. Liquid stocks have huge trading volumes whereby larger quantities can be purchased and sold without significantly affecting the price. Generally, lesser liquid stocks do not provide traders the opportunity to purchase and sell larger quantities due to lack of too many buyers. Some traders may argue that illiquid stocks offer bigger opportunities with rapid price modifications. However, statistics show that volatile stocks show greater movements in a short period of time. Thus, most of the possible gains dissipate while the downside risk still looms. Nonetheless, the liquidity of the stocks depends on the quality of the trades placed by the traders. For example, a volume of 50,000 to 75,000 shares is sufficient if the trade is for 50 or 100 Rs; however, if the volume is a few hundred or thousands, volume requirements significantly become larger.While selecting liquid stocks, don’t forget to check liquidity at various price levels. You will find some stocks that are highly liquid at a lower price level, but the volume drops drastically after reaching a certain price zone. Understanding the variability of liquidity at different price levels will help you buy these stocks at the right time.
STAY AWAY FROM VOLATILE STOCKS
It is commonly noticed that a low daily volume of traded stocks or those where some huge news is expected to move in an unpredictable way. Sometimes, the stock may show volatility even after the announcement of the big news. Traders are recommended to avoid intraday trading in such stocks. A few volatile stocks are in the mid-size segment while most stocks traded in the low-cap categories like S, T, and Z are highly chaotic. In addition to being volatile, these stocks have low daily volumes, making them illiquid.Keeping the above warning in mind, let’s now also tell that a certain degree of volatility indicates active market and intraday traders can profit by successfully betting in these stocks. Although there is no rule, most intraday traders acknowledge shares with 3-5 percent of price movement on either side as the best intraday stocks.
TRADE IN GOOD CORRELATION STOCKS
An intraday tip for choosing the right stock is to opt for those that have a higher correlation with major sectors and indices. This means when the index or the sector sees an upward movement, the stock price also increases. Stocks that move according to the sentiment of the group are reliable and often follow the expected movement of the sector. For example, strengthening of the Indian Rupee against the Dollar will generally affect all information technology companies dependent on the US markets. A stronger rupee implies lower earnings for the IT companies and weakening rupee will result in higher export incomes for these companies.
PICK AFTER REASERCH
Undertaking quality research is one of the most vital intraday tips that traders must always remember. Unfortunately, most day traders avoid doing their research. Identifying the index and then finding sectors that are of interest is recommended. The next step is to create a list of several stocks with these sectors. Traders need not necessarily include sector leaders, but rather identify stocks that are liquid. Technical analysis and determining the support and resistance levels along with studying the fundamentals of these stocks will help traders find the right stocks to profit through intraday/day trading.Intraday trading has inherent risks, but speed plays a vital role in making all the difference. Earning profits through small price fluctuations during the few trading hours is not an easy task. Angel Broking Angel Eye helps to monitors stocks in real-time. Being browser-based, you can easily do online share trading from anywhere, without the speed being affected. The platforms help in taking Quick decisions, thus enabling traders to book profits.
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BEARS GOT ACTIVE BEFORE MARCH F&O EXPIRY

The market ended near a 1-month low on March 24 amid weak global cues and fears of a second wave of COVID infections in India. At close, Sensex was down 871 points at 49180, and Nifty was down 265 points at 14549. Among sectors, Nifty Metal and PSU bank indices slipped 3 percent each, while Nifty Auto and Nifty Bank shed over 2% each. BSE Midcap and Smallcap indices shed over 1.5% each. More than 100 stocks, including Mindtree, KPIT Technologies, Inox Wind, Godrej industries, Adani Enterprises and Ambuja Cements, hit a fresh 52-week high on the BSE.

Though we have not seen any major correction in the benchmark yet, the uneasiness is certainly increasing with the rapid rise in the COVID cases. Besides, global cues are also mixed. We were hoping for some respite from the banking front but it failed to build on the previous session’s gain. Put together, indications are now pointing towards further slide in the index while volatility is likely to remain high due to the scheduled expiry of March month contracts. We reiterate our bearish yet cautious view and suggest maintaining positions on both sides.

WHAT TO BUY FOR 50-60% RETURN?

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For those who want to bet on a little higher risk, cyclicals would probably generate faster returns. However, I think the consumption space and FMCG in particular, could generate a steady return and that is why some of the long-term investors like them.
There are a few companies which remain in the merit list for us. One among them is a company called Infibeam. It is a company which is in the fin tech space and it is emerging stronger. They are facing a certain amount of challenges as far as the market perception is concerned, but in my view, given the track record that they have demonstrated and executed, I would think that this company has a relatively strong proposition to provide a multiplier set of returns. In the Indian market, analysts and investors probably understand a little less about the fin tech space. With some degree of understanding, these companies could command relatively better valuations. Along with that, there are opportunities in the mid tier IT companies which are basically aligning themselves largely with the cloud computing and digital space. Here, one could see a CAGR of around 25-30% over the next 4-5 years. There are select companies in the portfolio where we feel that opportunity is there and risk is worth taken.
On one hand, there is content and on the other hand, there is distribution. If you can plug your content to the distribution well, that is where the larger growth is going to be. The growth in the market cap of some of the companies in recent times can be linked to the OTT platforms which have generated a significant amount of wealth for these companies who are willing to expand globally. In India, most of the companies have got strong content -- be it the Zee group & Network 18 Group they are basically registering higher amounts of returns on the OTT side. That is an area where we think one can think of creating wealth.

HAPPY MAHASHIVRATRI!!!

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WHAT SHOULD INVESTOR DO ON 12 MARCH ????

"BUY ASHOKLEY FUT ABOVE 126 TGT 127.80/129 SL 122"

Today  market closed in the green for the third consecutive day in a row on March 10 following a positive trend in global markets. The Sensex rose by over 250 points while the Nifty closed above 15100 levels. In Sector stocks up move was seen in metals, IT, healthcare, consumer durables, capital goods while profit taking was seen in oil & gas, utilities, energy and power stocks. Market will remain shut on Thursday on account of a public holiday.
On Friday market we expect market witnessed yet another day of lackluster movement. The expected level in nifty should range between 14900 & 15250. Going forward, the IT sector can be expected to be an out performer in a defensively-positioned market environment, and an extension of recent underperformance by midcaps appears likely.
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NIFTY CONTINUED BEING SLUGGISH!

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On Tuesday market slipped into the red.Nifty not been successful in getting past the 15300 which is the upper end of the Nifty's current trading range. Neither  nifty broken down. This is a classic case of range bound movement where the index taking time to decide on its next course of direction. On the sector front, a mixed trend was witnessed wherein banks, IT and consumer durable were the top gainers while metals, oil & gas and power were the top losers. We expect the move to form on the upside.  Among the sectors, IT and select banking counters look promising while others may continue to trade lackluster.
TOP GAINERS-TATAMOTORS,M&M,WIPRO,ADANIPORTS,NTPC
TOP LOSERS-ONGC,HDFC,COALINDIA,UPL,SBIN

STOCK RALLY FINISH A WILD WEEK

BUY AMBUJACEM FUT 2 LOTS ABOVE 288 TGT 292.50/298 SL 280

In this week market made a smart comeback with nifty rising over 2 %. However, weakness in the last two sessions cut profits and pulled nifty back below the psychological 15000 mark. Improving macro numbers and a strong showing from autos in February lifted sentiment, while rising bond yeilds and weak global cues kept bulls in check. Last week sensex added 1305 points to end at 50405 & nifty rose 408 points  to finish at 14938 levels.
In Midcap stocks added 3% supported by the adani power, aditya birla fashion, idbi bank, jsw energy, Tata Power Company, au small finance bank, 3m india, irctc and bharat heavy electrical. However, vodafone idea, bank of india, apollo hospitals enterprises, steel authority of india, union bank of india, jindal steel & power ended lower.
In Largecap stocks jumped nearly 3 % supported by the grasim industries, ultra tech cement, adani ports and special economic zone, avenue supermarts, kotak mahindra bank, interglobe aviation, hero motocorp and hdfc asset management company. Meanwhile, bank of baroda, bharti airtel, indus tower and indusind bank ended lower.
The rise in metals prices is another opportunity. The recovery is playing out nicely for steel companies such as sail and iron ore companies like nmdc. Rain industries, one of the largest global players for carbon products, are seeing a steady improvement in the end-market—the global aluminium industry. Companies are shaping their strategies to adapt themselves to the changed conditions, such as nestle. In a very different industry, Wipro, through a large acquisition, has placed a bold bet.The recovery is becoming broader. With travel picking up, safari is emerging strongly from a difficult phase. We saw long-term promise in all irctc’s monopoly businesses. We would expect volatility to continue, with pockets of opportunity, with certain things that sold off potentially rebounding.
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MANNPURAM SLIDES IN THE VALLEY WITH NIFTY RALLY

“NO BULL 👍MARKET CAN BE A ONE-WAY UP JOURNEY, THERE WILL ALWAYS BE CORRECTIONS👎”

CALL GIVEN IN FRIDAY’S POST👇
https://beststockfuturecalls.blogspot.com/2021/02/sell-mannapuram-below-170-tgt-16816650.html
MANNAPURAM FUT ACHIEVED 1^ST TARGET @168 SELLING GIVEN FROM 170 BOOKED PROFIT OF 12000 & HOLD 2^ND LOT FOR FINAL TARGET
Lacklustre global cues also weighed on investor sentiment back home. As per Reuters, Asian shares turned mixed on Monday as expectations for faster economic growth and inflation globally battered bonds and boosted commodities, while rising real yields made equity valuations look more stretched in comparison. Investors should book profits from weaker quality stocks and invest on dips in good quality bets, which can make compounding gains in this bull run. Fresh investments can be made on dips into quality bets as the market is in a longer-term bull rally with intermediate tops in the making. IPOs are expected to continue flooding D-Street as the sentiment surrounding listing gains remains bullish.

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