I am doing intra day trading in NSE.?
I am doing intra day trading in NSE. I planned to intra trading in the following stocks using technical analysis. 1. RELIANCE, 2 BHEL, 3 L&T, 4 INFOSYS, 5 SBIN 6 ONGC. 7 TATA STEEL 8 M&M 9 RANBAXY, 10 IB REAL. Pls advice is these stocks suitable intra trading. and any other to be added. or any of these stocks to be deleted.
Have a look these company revenue Growth,Stock Volatility and other factor before Investing like for BHEL
Profit Growth(CAGR) 29.47%
Profit growth Consistency 45.86%
Revenue Growth(CAGR) 24.27%
Revenue growth Consistency 60.71%
Avg.Volume(Last 30Days) 543,334.00
Stock Annual Volatility 24.13%
Stock Monthly Volatility 5.39%
Check stock’s risk to reward ratio ( Sharpe Ratio) for last one year,
If ratio is greater for stock then the index, means investment in this stock was better off then investment in Index in last one year.
Stock Sharpe Ratio for last one year 0.82
Index Sharpe Ratio for last one year 1.49
August 30th, 2010 at 3:59 pm
Have a look these company revenue Growth,Stock Volatility and other factor before Investing like for BHEL
Profit Growth(CAGR) 29.47%
Profit growth Consistency 45.86%
Revenue Growth(CAGR) 24.27%
Revenue growth Consistency 60.71%
Avg.Volume(Last 30Days) 543,334.00
Stock Annual Volatility 24.13%
Stock Monthly Volatility 5.39%
Check stock’s risk to reward ratio ( Sharpe Ratio) for last one year,
If ratio is greater for stock then the index, means investment in this stock was better off then investment in Index in last one year.
Stock Sharpe Ratio for last one year 0.82
Index Sharpe Ratio for last one year 1.49
References :
http://www.askkuber.com/IndianStock/company/BHEL
August 30th, 2010 at 4:06 pm
There is no difference between an intra day trader and a daily drunkard. The quicker you realize it the better it is for your financial health. All the same best of luck.
References :
Book by Alexander Elder—– Trading for a living
August 30th, 2010 at 4:18 pm
You need to back-test you technical analysis studies on each of the stocks to see if your TA works.
Some work well with certain TA studies, some work better with others. Most brokers offer charting that supports back testing, like Tradestation, TD Ameritrade, etc. (in the US).
Obviously, volume,liquidity, and a tight spread is very important in intra-day trading. Make sure you have all in any stock that you pick.
What TA indicators are you using, if I can ask?
References :