How to Select Stocks for Intraday Trading | Intraday Trading for Beginners

[00:02] sector you will see here will be the sector in which the biggest move has happened today. which stock you are trading in. Because if you trade in the right stock, you will make profit. But if you

[00:16] trade in the wrong stock, you will incur losses. So in this video we will tell you in detail the step by step method of selecting stocks. This is a very important video and in this you will learn something which no one else has

[00:29] told. Don't form your opinion by looking at what is written on the screen here because this is absolutely basic. You should know these things. Beyond that, you will learn many more advanced things. So the video will be very

[00:42] long, so please watch it carefully. So, first of all, if you want to select stocks for intraday trading, that is, if you want to do intraday trading, then before that, what are the basic things you have to look at so that you can make a mindset that yes, you have to trade today

[00:55] or right now or not, this is very important because if you do not pay attention to these things first, then you will suddenly suffer loss in a short time and you will think that if this happened then why did it happen? Then you will watch the news and then you will

[01:08] realize that if I had known this earlier, I would not have made this mistake. So let us understand those things first. come to stocks. But before that friends, let's talk about intraday trading. So we have launched a book called The Art of Intraday Trading. In this book,

[01:22] we have taught about intraday trading from the very basics. We have also very basics. We have also you look at this book like this, you will see that this is not a normal boring book. We have

[01:35] used a lot of colours in this. Apart from this, you will get to see an image of all the things mentioned here so that you can understand things easily and the biggest thing is that last time when we launched our stock market book, you had said

[01:48] that the book is completely in English. Then later we launched it in Hindi also. But in this book we have used both English and Hindi languages. Due to which it will become much easier for you to understand it. So it is a very good book.

[02:01] Right now we only have limited copies of it. So you can pre-order this book on Amazon and pind comments. So let us now come back to the topic and understand

[02:16] back to the topic and understand friends, if you are doing intraday trading , then timing is very important for you. So the market opens at 9:15 in the morning , so you should be ready at 9:15 to

[02:29] take your trade. I am not saying that the trade has to be taken only at 9:15. But at least you should do your analysis because if you take the trade around 11-12:00 then you will have very less time frame left. So there is intraday trading.

[02:42] You have to close the trade within one day. Therefore, start your trading as early as possible in the morning. But before that, the important thing you have to look at is the market sentiment. This is the most important thing which people ignore,

[02:55] take the trade, what difference does it make to us? Any stock picked up took the trade. First you have to understand the market sentiment. Because if you try to go against the market sentiment, you will have to suffer. Now market

[03:09] sentiment means that you have to see whether the market is bullish or bearish today. Because if the market is bullish today, then in this case it will be better if you take only the buy trade and if the overall market is bearish today, then it will be better if you

[03:22] take only the short trade. So you have to first see the market sentiment and to see that, what do you have to do to see the global market? You just have to go to Google. You have to

[03:37] search by writing Global Market and after that this website will appear in front of you and here you can see what is going on in the market today. The US important for you here. Because suppose one day you are sitting to trade and you see

[03:49] that the US market has fallen a lot today. So you should first do some research there to find out if any attack has taken place. Is there any global problem going on? Due to which the market has fallen and in such a situation you would know that the

[04:01] Then you will think about taking a bearish trade. So first of all check the global market. The second basic idea that you should keep with you is that the foreign and domestic institutions are currently operating as net buyers or net sellers.

[04:15] This will also give you some idea about the market. And the third most important thing you have to see is news. It know that sometimes there is a war going on somewhere, sometimes there is a fight somewhere, sometimes the

[04:28] price of crude oil is increasing a lot. So you should have this news. Because if news comes then the market reacts immediately. And while we are talking about this news, one important thing that is very important for you to know is this.

[04:40] So see what happens many times that you are sitting down to do your trade. But you do not know that today perhaps RBI is going to announce the interest rate or the US Fed is going to announce some of its interest rates and as soon as that announcement is made, the

[04:53] market either suddenly rises or suddenly falls. Therefore, if one day you feel that some big announcement is going to be made by RBI or US Fed today, then you have to keep an eye on that too. That

[05:06] means you have to keep these basic things with you first. These are your weapons, only after that will you think about attacking. Now let us come to your strategy in which you will sell the stock for yourself. See, today there are

[05:20] more than 5000 listed stocks in the stock market and choosing a few stocks from those 5000 stocks in and choosing a few stocks from those 5000 stocks in finding a needle in a haystack. So how you select stocks for yourself is very

[05:34] important. So, I think the easiest and most correct way for this is that first of all you have to select the top 10 sectors. Now what are sectors ? Look, IT is a sector. IT means Information Technology.

[05:49] In this you will see companies that work in the IT sector. Railways is a sector. In this you will see companies which are working in the railway sector. This come into this sector. All the companies related to defence will

[06:02] come under one sector. All the companies related to banking or finance, all the big banks whose names you have heard, they will all come under one sector. Companies related to health care and pharma will come under one sector.

[06:14] You can see the names of 10 more such sectors here. Now why is it so important to look at these sectors ? This is important because if you see that Nifty is rising on some day or the other, then on because if you see that Nifty is rising on some day or the other, then on

[06:27] which is performing well due to which Nifty is performing well and if you see that Nifty is falling on some day, then on that day also there is one sector which is performing very badly due to which

[06:39] Nifty is falling, so the first and the best way is that you have to make a list of 10 sectors and you do not need to make that list also. I am giving you a readymade list of 10 sectors. You select these 10 sectors.

[06:52] And these sectors that I am telling you about are the top 10 sectors. So what will happen with this? So what will happen is that if you see that today the IT sector is performing well. So you will not go into different stocks again. Sometimes you are

[07:04] picking any electrical stock. Are you picking any FMCG stocks? You will not go this way. Now you have seen that today the IT sector is performing well. So what do you have to do? All you have to do is, I have given you 10 sectors. You take a screenshot of it.

[07:17] like the video then like the video and subscribe to the channel. comment. And if you want me to make a video on intraday strategy then please comment for that also. If we get 2000 comments from you people

[07:31] So please do comment. So you took a screenshot. What do you have to do now ? First of all, you will see that it will take some hard work in the beginning. Once you work hard, whatever work you do will become very easy. But in the method I am telling you,

[07:44] you will have to sit and work hard for at least one day in the beginning. Let us which I told you. What should you do? Select three stocks from the IT sector.

[07:56] And I am not telling you to count only three. You select the top three stocks. Similarly, make three for Railways also. Select three defense stocks also. make three for Railways also. Select three defense stocks also.

[08:08] Select three stocks of Health Care Pharma also. Similarly, I have told you about 10 sectors. You can select three stocks from each of these 10 sectors. sectors. You can select three stocks from each of these 10 sectors. stocks will you get like this? You will be left with 30 stocks. So now you do

[08:21] n't need to move around 5000 stocks. Now you have 30 stocks to consider. I just told you 30 stocks. Now gradually we will become narrow stocks in which you will do intraday trading and you can also make good profit.

[08:35] So in this way, first of all you have selected 30 stocks for yourself. Now there is no hard core rule here that you should select only three. If you feel somewhere that brother, I should select four stocks here. So you

[08:47] you may have to pay four. In the case of health care, you may find only two stocks important, so select only two there. But select the top stocks of this category. So, roughly we are assuming that you have

[08:59] 30 stocks now. Now that you have 30 stocks, it is important what you do next. So now you have a list of 30 stocks. And those 30 stocks that I have told you about, they are the

[09:14] companies you own will be large cap stocks. The advantage of this is that you will not have any problem in buying and selling these stocks. Generally their circuit is also 20%. So, the

[09:30] sold but you are not able to buy, that problem will not occur. Secondly, there will be no circuit there. Like there are some stocks which have a circuit of only 5%. So if the price increases by 5% once, it will not increase further and after that there will be difficulty in buying or selling,

[09:43] then its chances will also be very less. So now all the stocks that you have selected in the next step useful to you and once you are making the list,

[09:59] very basic thing but still I am telling you. After going there, what do you have to do on each chart in one day time frame, one hour time frame and also in 15 minute time frame ? The levels have to be drawn. That means you have to do its multi time frame

[10:15] analysis. We have to see where its resistance is in one hour time frame , one day time frame. Even if you feel it is necessary, you can try drawing your levels in the 4 hour time frame. And finally,

[10:27] this is very important in the 15-minute time frame because on the day you sit down to do intraday trading, it is possible that the level of the daily time frame there may be very important. So that will help you a lot. So you have to do this for 30 stocks.

[10:40] So it is hard work. But see, you cannot attain heaven without dying. So without hard work you will not get any profit. So you will have to work a little hard one day. So once you do this hard work, there will be

[10:54] you have to trade today. You have worked hard on everything. You have seen everything like timing etc., news etc. Your list of 30 stocks is also ready. You have also drawn levels in them. Now you are thinking of trading. So as soon as the

[11:06] market opens, you have to see which sector is either performing very well or performing poorly today. So to see this As soon as you search by writing this, you will see the website of Money Control.

[11:20] You have reached this website. So as soon as you open this heat map, see many sectors here. So first of all you click on Select Sector and select those 10 sectors from here on which you have selected your stocks.

[11:33] So here I have those sectors will be visible which are also in my list. So now you have to keep in mind that the selection you are making should be according to major to minor moves. So

[11:49] in such a situation, the first sector you will see here will be the sector in which the biggest move has happened today. After this, the second sector will also be the sector in which you will see the biggest move today and

[12:01] you have to see this after the market opens. So suppose you see that today there are three sectors which are performing well. So now out of the 30 stocks you had selected, you have to select three stocks from three sectors.

[12:14] That means you will now have a total of nine stocks. But which of these nine stocks will you trade intraday? So for this you have to see that if the market is bullish today then you

[12:28] know that I have to take only buy trade. If the market is bearish today then I have to take only short trade. So if the market is bullish then you have to select the sector which is bullish. All three may be bullish.

[12:40] Maybe two are bullish. So with this your section will reduce a little more. Now see, this work has to be done after the market opens, that is, after 9:15, whatever work was to be done before this, you should complete it before 9:15. So now suppose you have

[12:54] selected nine stocks which are from sectors that are performing well today. So now what happens here is that if the sector is performing well, it means that one or two stocks out of it would have already shown movement

[13:07] or two stocks out of it would have already shown movement but the movement of its third stock would still be left. That is, suppose there is a sector whose one stock is A, the second stock is B which you have selected and the third stock is C. So here it is

[13:21] possible that the A stock has given a good move of 2 to 4% as soon as the market opened. Stock B has also moved 2 to 3%. But the C stock has not shown any significant movement yet. It is possible that it has given only 1% movement right now. So

[13:37] in this case, what are the chances that this stock may also give you some movement in some time. This means you can keep an eye on this stock. So first of all from here you will come to know that yes, on this stock I

[13:51] can see whether I have to buy or sell. You have to decide that according to the trend. The second thing you have to see is that you have already where his support is? Where is the resistance? Where is its support and resistance in the daily time frame?

[14:05] Where is its support and resistance in the daily time frame? ? So you have already drawn that too. So suppose you see that this C stock, this sector is bullish today. This means that the

[14:19] chances of the prices of these stocks falling are very less. Secondly, you can see that this C stock has not shown any significant movement yet. And this stock is And this stock is also near its support. That means the stock is also near its support.

[14:32] So now we can be very confident at this place that yes, the other two stocks have shown movement. This stock is also near its support. Secondly, everything is going bullish for this stock today. So in this case the chances of it giving movement will be

[14:46] very high. So you can buy that stock with confidence. Or you may see that this stock has just moved only 1% and is near its resistance. So here also you can see that it

[14:59] is near a good resistance, so when there is a breakout in it and its resistance gets broken, You can buy at that time. Or you see that stock C is near the resistance but stock B is near its support,

[15:13] so it is possible that its price may increase, then you can take a trade there or you may have seen that the first sector is performing well today but three stocks are near their resistance and you are

[15:27] not feeling much confident, then you will remove these three stocks and the remaining three stocks because you have selected a total of nine stocks from the top three sectors, so you will see in those sectors, what is happening with the stocks in this sector and on that

[15:40] basis you will take your trade. Now what should be considered before taking a trade? So first of all you have selected the stocks. Now it is not necessary that every stock is going to have a But since you have a lot of stocks, you have to see which

[15:54] stocks have chances of breaking out. can trade in a stock which has chances of breaking out or has just broken out. That means here you can select breakout stocks. The second thing you can see is that if in any chart it is near support,

[16:10] near resistance but some candlestick pattern is being formed there. See, many people think that candlestick patterns are useless things. Candlestick patterns are nonsense if you trade only on the basis of candlestick patterns. But

[16:23] if you combine it with support resistance , with price action, with the smart money concept, then it becomes a very powerful thing. Because there is a psychology behind it. So if you

[16:35] want to understand the psychology behind candlestick patterns, then first you can buy our book. You can also watch that video. So the second thing you have to look at is that if suppose the price is near the resistance and you see a rejection candle there

[16:50] sector is bearish on that day, then here you can be chances of the price going above this are less, so you can take a short position there. The third thing you can do is look at chart patterns. Chart patterns are also very important

[17:04] and are also created according to psychology. So you can also see that if suppose W pattern is forming in the price and you see a breakout there, then there are chances of the price increasing after that. If the M pattern is forming and a

[17:17] a strong candlestick pattern is also forming there, then there are chances of the price falling from there. Now, if you do not have much knowledge about these candlestick patterns and chart patterns, then you do what happens when which chart pattern is formed? What happens when a candlestick pattern forms?

[17:31] So we have made videos on this. You can watch those videos. But which you can easily find chart patterns and candlestick patterns and which pattern is being formed in which stock. So this is a website

[17:44] top stock resch.com. After going here you can see the candlestick scanner. If you go to the Bullish Scanner,

[17:56] that too according to the time frame. For example, you will be able to see here which stocks are forming bullish candlestick pattern in 5 minutes. which stocks are forming bullish candlestick pattern in 5 minutes. click on Bearish here. For example, suppose you want to see

[18:10] which stocks are forming a bearish candlestick pattern in the 1-hour time frame, pattern is being formed in it, you will also be able to see it from here. Apart from this, it also has a scanner for chart patterns besides candlestick patterns. So you can click on this also

[18:25] So as soon as you click on Popular Chart Patterns, you can see which popular chart patterns are there. Like I talked about double bottom i.e. W pattern. So which are the charts in which

[18:39] double bottom pattern is forming in 1 hour time frame which is a bullish pattern. So you will be able to see those stocks from here. So from here you can get some idea about the stocks according to the chart pattern and if suppose you want to select

[18:51] these stocks on the basis of chart pattern instead of going into those 30 stocks, then this clear that it is not sponsored, I use it myself, that is why I have told you and finally when you see that the stock you have selected today is

[19:06] Apart from this, you can see that an FVG is being formed in the sector where the breakout has occurred. So in that case you can be more sure that your trade will turn out to be correct. Now what is FVG? Look, we have

[19:19] miss that video at all. That video has reached very few people. But that video is such that people make a course of ₹5 to ₹10,000 and sell it. We have provided it for free. So please do check it out. In that we have

[19:32] To watch that video, you will see an i button here. You can see from there. So, in that we explained in detail about this fair value gap and all these smart money watch that video. But, you see that this

[19:47] is a resistance and you see that a breakout has happened here. So what happens many times is that these breakouts are fake breakouts. The price will go up like this and then come down and you will incur a loss. So you have to confirm whether this breakout is a

[19:59] genuine breakout or a fake breakout. So for this you can use fair value gap. What happens in it? As you can see, this candle has given a breakout. So this is a big candle. So what will you do? You will draw a line

[20:11] from the high of the previous candle, like this candle, and you will draw a line from the low of the candle after this, that is, the candle after this, and after that, if you see that there is

[20:25] a big gap in the middle, then the chances of the price coming below this gap are very less. You can place your stop loss a little below this gap i.e. here and as soon as this breakout is done, you can buy somewhere here.

[20:40] In this case, the price may come down a little, but the chances of it going down from here will be very less and the chances of your trade turning out to be successful will I am showing you this example in Bitcoin because there is a lot of problem in showing charts.

[20:54] But you can see the same thing in the stock charts also. But suppose you see that here where the breakout has happened, then you will check that when the next candle is formed, then you will

[21:07] draw a line adjacent to its low and draw a line adjacent to the high of the previous candle. So if you see that a breakout has occurred but there is no significant gap in between, then in this case it could be a fakeout and there may be a chance for the price to come back down.

[21:20] So you have to wait a little bit there. If one or two candles go up then you can think whether to buy or not. So if you do intraday trading in this way, you can earn good profits here.

[21:32] But keep in mind that trading involves risk. You can earn profit but you can also incur loss. So you have to come to the market with this mindset and psychology is also very important in trading. So

[21:44] never trade by taking a loan because otherwise you will not be able to maintain your psychology and do not invest so much money that if you incur even a little loss, you will be ruined. Because in such a situation you will not be able to maintain your psychology

[21:56] and you will suffer such a huge loss that it will be very difficult to recover from it. So how to select stocks for intraday. If you liked the video, liked the video,

[22:08] And also, if you want to open an account to trade or invest in the stock market, then description. Apart from this, if you want to learn about the smart money concept And if you want to learn about crypto trading, you can do it 24*7.

[22:22] want to learn about crypto trading, you can do it 24*7.