I have earlier shared some setups/strategies for Intraday. One of them was ORB (opening range breakout) setup.. but I still get DM about this. So here's a thread about how to find ORB stocks: (1/12)

While trading in stocks, how do you survive in a choppy market and make profits? Here's how I do it 🧵

Choppy markets are difficult to trade. When there's an uptrend like it was in mid-2020 and 2021, it's easy to find out stocks in different ways. (1/18)

And when it is in a clear downtrend, we can simply avoid trading in cash scrips and can take the benefit of selling in F&O.
We don't know for how long the market will be choppy - could be a few days, 2 months, 6 months or a year. (2/18)

You just can't sit with 100% cash for trading in stocks that long. A way to trade needs to be figured out.
After a clear uptrend, market changes the trend and sometimes goes sideways/consolidate for the time being. (3/18)

When it falls after an uptrend, there will be so many supports midway - sometimes it doesn't fall freely. The question is... how can we take trades at this time in cash scrips?
Method One:
When Nifty and small-cap/midcap Index comes at major support keep a watchlist ready. (4/18)

This watchlist is of stocks which are at major support too or at 20, 50 EMA (generally stocks bounces from here if the market supports). Try to find stocks from a strong sector/theme. The next day, if we get a bounce, trade Intraday in that stocks. (5/18)

How you can filter stocks for Intraday trades - 🧵

As a kid, we would do homework before school the next day - you have to do homework here too. A specific sector performs on a particular day and studying things a day before will help you spot that particular sector. (1/11)

To prepare for the next trading day, you got to check the Index charts of all sectors. You got to keep an eye on a specific Index if you see a few factors:

- If any Index closed exactly at the resistance, you can get a trade on either side on the next day. (2/11)

- If it gave a rejection candle at resistance.

- If any Index closed exactly at support, you can get a trade on either side the following day.

- If there was a bullish signal at the support.

- If any Index gave a breakout or breakdown and then gave a good closing. (3/11)

- If any Index has taken support at 50 or 200 EMA.

Once you spot the Index, look at all the stocks in that particular Index. Pick at least 3-4 stocks from that Index and add them to your watchlist for the next day. It's ideal to check both higher and lower timeframes. (4/11)

What you should do next day? (When I am unable to check Indices and stocks a day before, I sometimes directly start with this process.)

- Start with checking the top gainers/losers list. I observe market from 9:15 to 9:45am to check the sectors performing well on that day.(5/11)

NR7 candlestick simplified via @chartmojo

✅ Narrow Range Pattern
✅ R:R Favourable Pattern
✅ Market Psychology Driven

#FreeTip
A day trading setup CLUE for trading index / stocks for a living..Capturing a big move in adv.
If cpr is bearish,n price opens abv cpr with a 5-15 min bullish pa or price crosses abv cpr within first 30 min, it usually signals a big move ahead.
Vice versa for bull cpr.

Bullish cpr is shaded blue; Bearish cpr is shaded red. If u think that higher value cpr are necessarily bullish and vice versa , then ur Wrong … I will leave this concept for discussion.

A lot of websites provide you with data for trading.

However, I liked the free website of Icici Direct the most.

Here is a breakdown of what it can do: 🧵

Collaborated with @niki_poojary

Advantages:

1. Quantitative Analysis in one place
2. Easy to find stocks where action taking place
3. Find the exact price levels at which OI is being added.

You can check out this free website by clicking on this

Where is the action taking place?

For eg, Nifty Heatmap Can easily scan for:

- Long Build up = Price Up and OI up
- Long Unwinding = Price Down and OI down
- Short Buildup = Price Down and OI up
- Short Covering = Price Up and OI down

Price levels of OI being added:

• Check 15 mins Built-up in any stock
• Can find Intraday Bullish and bearish trend
• Eg of IBUL who was down 5% on Friday. Short Built-up had started in the morning itself.
• Shows the quantities which are being traded in those intervals.

Time Intervals:

• There are 25, time intervals available every day.

• If a stock has to go up or down a lot it will be heavily dominated in these time intervals.

• IBUL had 10 times short built up on Friday. -5.79 %

• ITC had 14 long built-ups on Friday. +2.6%.

#DollarIndex played a major role in the fall of crude in last 2 months , as #Dxy retraced a little , #Brent is galloping towards 110 , if Dxy sustains below 105 & move towards 130 , #Brent may retest 120+ levels
#Bidenflation #OOTT

Often good #stocks make long term bottom near 61.8% pullback of last major rally
#TECHM had fallen from 1800+ levels to sub 1000 level
In weekly chart if it can defend 990-1000 it can resume its long term upmove
Weekly RSI entered above 30
#Nifty
Not trading call, academic post