Intraday Strategy

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Strategy Based on Price Action

How to select stocks for Intraday Trading?

We need minimum 10-12 stocks for Intraday Trading…
Everyday morning after Pre-Open Market close at 9.08 AM go to www.nseindia.com
On Homepage Click Live market under Live Watch Click Pre- Open Market

Check the Image below for reference

After you click Pre-Open Market you will see a window like this

By Default you will see Nifty Top Gainer/Looser…

Stock Selection Price Range above 125.00 and below 3000.00

Stock and Stock

Any Stock in NSE F&O BAN List Ignore totally, Don’t trade in Cash also.
Select Next Available Stock as per rules…

Check the Image below for reference

As per rules Selected Stocks from are:

Now above selected stocks in your Market Watch-list/Trading Terminal.

Now go to bottom of the page and check from bottom

Check the Image below for reference

Now above selected stocks in your Market Watch-list/Trading Terminal.

So till now we selected 4 stocks from Top Gainer from Top and 4 stocks from Top Looser
from Bottom…so we have 8 stocks in total till now…from NIFTY Category…

Let’s few more stocks…

Now go to Top and from drop down click on category

Check the Image below for reference

Now you will see Top Gainer/Looser…

Check the Image below for reference

As per rules Selected Stocks from are:

Now above selected stocks in your Market Watch-list/Trading Terminal.

Now go to bottom of the page and check from bottom

Check the Image below for reference

Now above selected stocks in your Market Watch-list/Trading Terminal.

So till now we selected 3 stocks from Top Gainer from Top and 3 stocks from Top Looser from
Bottom…so we have 6 stocks in total till now…from FO Stocks Category…

So overall we have selected 7 stocks from Top Gainer from Top from 2 Category and 7 Stocks
from Top Looser from Bottom from 2 Category, Overall we have 14 Stocks for Intraday Trading.
*Note: You can select less stocks also as per your comfort, like 6-6 stocks or 7-7 stocks or 8-8
stocks, but maintain balance between Top Gainer & Top Looser and Select at least 1-2 stocks
from all 2 category.

Now Stock Selection process is complete.

Check the Image below for reference

https://www.nseindia.com/products/content/derivatives/equities/sec_ban.htm
Check the Image below for reference
 Set Time Frame for Chart: 15 Minutes
 Live tick by tick chart required
(ODIN/NEST/TradeTiger/ZerodhaKite/PI/Any) Candle Colour Red &
Green Required.
 Price Candle OHLC Data required (Use Crosshair/Data
Window) No Indicators Required
 Every day new trading will be started by checking from first
candle Ignore previous day candles if you see any.
 Ignore new buy/sell trades after 2.45 pm for Nse Equity/Futures and ignore
new buy/sell trades after 9 pm for Mcx/Commodity.
 All trading must be closed by 3.15 pm for Nse Equity/Futures and all
trading must be closed by 11.15 pm for Mcx/Commodity.

 Day's first candle formation is valid for taking a buy or sell as per
rules.Note: First Candle of the day also can be Candle as per rules.
 If the first trade is profit, then there won’t be no second trade in that
particular script.
 If the first trade stoploss hit, enter second trade/reverse trade.
 Only one buy and only one sell maximum for a script on an entire trading
day This Strategy is not applicable to Index/Stock Options and
Nifty/Banknifty Future.

 and Strictly Not Allowed to use in

this strategy.Use Order for trading this strategy.

 Do Not use Equity/Cash Market Levels for Future Trades and Future
Market Levels for Equity/Cash Trades, Strictly Follow Rules.
 Its upto your decision which stocks you selected in the stock selection
process
to trade in Equity Cash/Future as per your Comfort/Capital.
It’s Not Mandatory to trade Selected FO Stocks in Future only, you can trade
in Equity Cash also.
→ Candle Inside Candle
→ Body Inside Body
→ Magic Candle High-Low Difference should
be less than/Equal to 1% of Magic Candle
High (NSE Equity Cash/Future)
→Magic Candle High-Low Difference should be
less than/Equal to 0.50% of Magic Candle High
(MCX Commodities)
First Decide your Daily Profit Target?
It should be Maximum 5% of your Cash Capital
You need to stop trading once you achieve your Daily Profit Target
Normally all leading brokers in India gives minimum 10 times exposure/limits for
intraday trading in Equity/Cash Stock Trading (BO & CO strictly not allowed)
If you get 10x limits/Exposure on base capital of 1 lakh
Your Intraday Trading Exposure/Limit will be 10 Lakhs
First divide 10 Lakhs in 2 parts -- 5 Lakhs + 5 Lakhs
Keep 5 Lakhs aside for Reverse Trading – Do not use this money
And Rest 5 Lakhs will be used for trading

Now plan how many trades you want to take daily? to achieve your Daily Profit
Target as per rules and follow it strictly

You need to take minimum of 3-4 Trades daily in order to achieve your daily profit
target set by you.

Let’s say you plan to take minimum 5 trades per day (you can decide any no of
trades as per your choice), now divide 5 lakhs into 5 trades, so you get 1 lakh
per trade, so you need to trade with 1 lakh per trade as per rules.
How to decide quantity
1 lakh per trade/Cmp of the stock price will give you no. of shares/Qty to trade

If Cmp of stock is If Cmp of stock is 600.00

250.00 1 lakh / 250.00 1 lakh / 600.00
= 400 Qty = 167 Qty

 
 Now trade as per above qty only for trading in that particular stock.
 
 Each and every trade has to be followed strictly using same method.


Now trade as per above rules till the time you achieve your daily profit
 target set by you, onceyou get your daily profit means stop trading
and close for the day.
 
 Never overtrade or be greedy, be disciplined trader in order to be successful

 You need to followthis method daily in order to be profitable end of the
day/week/month
 
 Best way is to follow this method Weekly basis - Monday to Friday

Decide on Monday morning itself your daily profit target/no. of trades per
day as per above rules and follow it for entire week from Monday till
Friday (Do not change once decided follow same till Friday), you may
increase or decrease your
 daily profit target/no. of trades per day as per
your comfort/capital.
 Note: Trading in MCX Market Consider 5
PM Candle as First Candle and Start
Checking as per rules.

Targets for Mcx Commodities

Trading Preference/Targets in Mcx Commodities

st
1 Preference – Lead: Target 30-40 Paisa / Zinc: Target 40-50 Paisa
nd
2 Preference – Crude Oil: Target 12-15 Pts / Nat Gas: 0.80-0.90 Pts
rd
3 Preference – Silver: 80-120 Points /Gold: 60-90 Points
th
4 Preference – Copper: 0.75-1.00 Points
Avoid Trading- Aluminium/Nickel
 All the best for
Profitable Trading!!!