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How to Make your Stocks watch list: How to choose your Intraday stocks in 5 miniutes

How to make your Stocks watch list: How to choose your Intraday stocks in 5 minutes:
Of late, I have come across problem of choosing stocks, which are tradable but when we start trading in morning we get stuck up which stocks are to be chose.
For that matter we have to always prepare our stock watch list, which is not a herculean task and it can be made very efficiently &easily.
I have always said that the most of best data is available in NSEINDIA website, choosing criteria for watch list as well as tradable stock is always to have implied volatility on daily and Yearly basis ,because  these are the stocks ,which are going to give us results as stocks trading n range of 0.25% movement is not going to work for us.
This is the link of file downloading for volatility of stocks , you have to download the file in csv format , delete all the columns except B, G H as they carry name of stocks ,daily and actual volatility. In g and h column ,you can multiply them by 100 to take in absolute percent.

Since this is list of whole of the stocks trading in NSE ,you have to obsolete the stocks which are not part of Nifty 100 stock , hence download list of Nifty 100 stocks from this URL.
 Post downloading nifty 100 stocks, you can apply V lookup command and choose only nifty 100 stocks in your final sheet., now choose stocks only with 2-2.50 % volatility because it will help you to put your stop loss as per your risk appetite.
This way you will hardly get 18-20 stocks and further onto that you can again do screener of choosing 5 stocks, who may be a news based stock.
IF you are a beginner then, you need to thoroughly watch this list for a sufficient period of time so that you can understand the price action.

This strategy simply helps in choosing the stock without going any jargon of complex indicators nevertheless indicators have their own importance.

Comments

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  2. Nice article thanks for sharing such a valuable information with us.you may also check our blog for more information
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