This document discusses strategies for intraday trading. It describes intraday trading as taking long or short positions in markets and squaring off the position before the close of the day. It outlines three theories for intraday trading: pivot point theory, fraction theory, and 2652 theory. Pivot point theory is described as the most reliable method and involves calculating resistance and support levels based on the previous day's high, low, and closing prices. Fraction theory also uses previous day price data to calculate resistance, support, and buy levels. The document cautions that 2652 theory is disadvantageous as it sets profit targets too low compared to stop losses.

1. Trading Technicals

2. Intraday Trading
 Intraday Trading or Day Trading
 Taking long or short position in markets
 Squaring off (exiting) that position
before the close of the market on the
same day

3. Strategy For Intraday
Trading
 Proper mindset and psychology
 Control over emotions
 Having a Plan

4. Intraday Trading Formulae
 Pivot Point Theory
 Fraction Theory
 2652 Theory

5. Pivot Point Theory
 Most reliable
 Select a stock for Intraday Trading.
 For that stock, we need its previous day
trading data-
i. Intraday high price it touched ( H)
ii. Intraday low price it touched ( L)
iii. Previous day closing price ( C) for that
stock

6. Pivot Point Theory
 Add theses three values- H+L+C=X
 Divide the total value by 3 (P) = X/3.
 Multiply it by 2 :- X/3*2=Y
 This value P is called the Pivot Point

7. Pivot Point Theory
 Resistance and Support levels
 First resistance level ( R1) = It is the
difference between the {Pivot Point X 2}
or Y and the Intraday Low price
 R1= Y-L
 R2=P+( H-L)

8. Pivot Point Theory
 First support level ( S1) = it is the
difference between Y and the Intraday
High price
 S1= Y-H
 S2= P-(H-L)

9. Fraction Theory
 Fraction Theory :- This theory is also
based on previous day price movements
of a stock
 Add up high (H),low(L) and closing (C)
price of previous day of the stock and
multiply it by 0.67 (ratio of 2:3 as in pivot
theory and it is constant)

10. Fraction Theory
 (H+L+C)* 0.67=Y
 Resistance (R1)= Y-L
 Support (S1)= Y-H
 Possible Buy (P.B.)= Y-C
 Above possible buy (P.B.),buy the stock
for resistance levels

11. 2652 Theory of intraday
Trading
 2652 Theory is based on previous day and
present day High and Low prices of a stock
 This theory has its own disadvantage
 Makes you trade for gain of 0.5% while
keeping your stop loss 1% lower
 Your risk is double of your profit and using
such strategy in day trading
 Doesn’t make sense where probability of
going wrong remains high

12. Intraday Trading
 Use technical analysis based on short-term
charts
 Buy stock which show uptrend while look to
short which are down trending.
 The Intraday Chart with 15 Minute interval
remains best for effective Intraday trade
 You may use any interval like 1 Minute,5
Minute or 10 Minute.
 Prefer to use trend lines on Intraday Charts to
take buy or sell call on your trade.
 5 Minute Bar Chart can be a good method to
use trend lines for Intraday Trading