2. don’t trade stocks which are within the news:
Stocks could also be within the news due to their results, sectoral or business-related news or the other disclosures or filings made with regulators. Stocks can also be within the news for any irregularities discovered. New business prospects, merger and acquisition news also can bring the stock to the market’s attention. However, choosing these stocks are often hazardous since the costs can swing wildly. it’s better to choose stocks that you simply have analyzed using day trading technical analysis. These stocks have a sound basis for his or her price movements.
3. Avoid highly volatile stocks:
The stock market categorizes into different categories. Some categories like S, T, Z are that are highly risky to take a position in. Before picking a stock, it’s better to see the
4. Follow the broad market trend:
One important thing to recollect while picking stocks is to notice the share market’s broad trend. If the market is during a bull phase, then you would like to select the stocks that are in line with the trends. As you gain more experience in analyzing technical indicators for day trading, you’ll pick value picks that aren’t entirely hooked in to the market.
Once you find out how to select stock for day trading in India, you’ll start making small intraday trades through your trading account. the method features a learning curve which gets better as you retain making more trades.