A Powerful Intraday strategy:
Finding stocks to trade for intraday day is not that simple, Technical Analysis or fundamental analysis nothing will work here, Intraday is purely and completely based on traders sentiment. Here sentiment represents the greed and fear of a trader. I always trade in Nifty 50 stocks I will do break first 15 min high strategy but I made more correction in that. I have explained everything in detail below,
- As soon as market opens, open nifty 50 chart with 15 minutes.
- Track how it forming either bullish or bearish - [Here I use to take Bullish Marubozu or Green Hammer for Long and Bearish Marubozu or Inverted Red hammer for Short]
- Wait till 9.29 AM and find weather nifty forms bullish or bearish, if nifty forms bullish then go to all the nifty fifty stocks and find what are the stocks are in bullish marubozu or Green hammer.
- Take those stocks separately and wait for first the high to break in next 15 minutes, if the first 15 minutes high broken by the second candle then keep that low as stop loss and target as per your risk.
- The same applicable when nifty is bearish.
NOTE: YOU HAVE TO BE FASTER THAN THE FASTEST TO PICK NIFTY 50 STOCKS.
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