I have been doing Intraday for past few months, only on Equity Stocks. But could not get a good grasp on any working strategy. Can you just jot some of the common intrday strategies?
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Entering the trade when a spike occurs and exiting when the spike is settled, by means of a STOP LOSS entry when price suddenly spikes in that directlion.
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Watching out RSI and when RSI is below 20% say, buy shares and hope to sell them when RSI comes close to about 80%
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Watching NIFTY index and when there is a sudden rise or fall in nifty and there will be delayed response in the stock price similar to NIFTY, so entering and exiting in that opportunity.
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Watching market news
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Follow some recommendations from profit NDTV, economic times etc, I have some of them work!
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Arbitration between NSE and BSE stock prices.
Also like BTST, buy today evening and sell tomorrow morning when markets open with higher price, Not intraday, but still short term.
Please pour in your suggestions.