Stock for today’s Intraday
NIFTY opens at 11540
SBI share price –
SBI share with an opening of 205.90 buying price at 204.75 cp target you can have of rs 206.80. sl at 203.75
GLENMARK PHARMA –
Share buying 485 tgt 490 sl 482.
HCL buying price tgt 760 sl 745.
Opening with 198 high of 200 now makes a selling from 200 target 195 stoploss 202
The best Stock for today’s intrday is chosen depending on various parameters. As more than 5000 stocks are listed in the Bombay Stock Exchange (BSE) and more than 1665 stocks are listed in National Stock Exchange i.e NSE. Therefore the stock analyst applies various techniques to know about the best stock for intraday trading in their trading software. here are some great ways to choose the best stock for intraday trading.
Pick best trading software– The most common trading platform nowadays is KITE by Zerodha, Trade-Tiger by Sherkhan. There are many more used by a large number of traders to find their stock it is very important as is should be very user friendly and easily usable.
Top gainers and losers –
Commonly, new beginner’s in the stock market always choose to see the gainers and loser’s to get the best idea of the stock in trend on that day. The movement of the stocks is measured in percentages. It also involves other factors like market capitalization of the stock.
Stocks in News–
Check out the news of the stock market.NEWS is one of the most important fundamental factors that affect the flow of the stock market. Example Baba Ramdev invested in Ruchi Soya and there was sudden hike in the share Price of Ruchi Soya.
International news also has a great impact on the domestic Share market Because it is connected with the international currency market. Therefore reasons affecting the currency market i.e Forex and Iforex are also very important and should be taken care of. Eg COVID19 Pandemic of International News widely impacted markets of all countries.
Support and Resistance of the day of the particular stock which is chosen and other technical indicators formed in the stock on that particular day. There are many technical parameters to be taken care of while choosing a stock and even after choosing it. The most common technical indicators are Moving Average, RSI, Bollinger Band, etc.
Trading Volume of the stock represents the buying and selling forces that are driving the market in their directions. This is directly related to the demand and supply concept.
All this Technical and Fundamental Research is to be done in few minutes and we need to execute the trade and book the profit at the earliest as the trend of the market may change at any point in time. Hence a team is required to take care of all the facts before choosing the best stock for today’s intraday trading.