InvestorQ : I have got the calls, charts and reports. Now how do you I put them to use for intraday trading?
Bhavika Nehru made post

I have got the calls, charts and reports. Now how do you I put them to use for intraday trading?

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Bhavika Nehru answered.
3 years ago
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One of the basic rules of intraday trading is that the trading calls must be ultimately taken by you after your reading of the charts and the news flows. The broker view is the starting point; that is all.

Use the broker research as a starting point. A lot of data research is done by the broker so you start off with an advantage. It saves you a lot of time as all the relevant technical charts, the pivot points, the supports and resistances are all captured in one place. That saves you time. Also, the intraday trader can focus more on fine tuning these ideas before taking a final trading view on the stocks and indices.

You can ratify the broker analysis of charts and news with your own reading of the charts. Use that as a second level of check. Broker may be right but that may not be right you. Also double check if the call suits you before taking the intraday trading position. That is a good way of having a second level of check and assurance of the direction of your thinking. This adds to the credibility of your entire process.

Apart from the regular research calls, you can also use a lot of data screeners that are readily available like top gainers, top losers, new highs, new lows, FII buying data, MF buying data etc. Remember, these are all data points and not decision points, so use accordingly.

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