Which is the easiest way to find strong stocks to buy and weak stocks to sell in intraday?

Kirubakaran Rajendran, Algo Trader, Founder, www.squareoff.in

You follow this 4 simple steps to get the list of strong/weak stocks in less than 5 minutes to trade intraday.

• At 9.10 AM go to this link National Stock Exchange of India Ltd. Its a pre-open data , that contains list of fno stocks which has gapped up or gap down due to over night news factors.

• From the drop down, select FO stocks and click on % change to sort it.
• Pick up top 3 or 5 stocks that are gap up
• Pick up bottom 3 or 5 stocks that are gap down

These list of stocks gives you the strong and weak stocks. From this 10 list of stocks, you can consider the top gainer, in above example DHFL as the strong stock and Yes Bank as the weak stock, (we have to ignore stocks like Eicher motors, Shree cements, MRF) as these stocks have very low liquidity and high in price which makes the intraday difficult, so we ignore such high priced stocks.

So such weak stocks would tend to move quickly after market opens, so you can simply trade the opening range breakout with such stocks. The best thing is, we get this list ready by 9:10 am itself, and market opens at 9:15 am, so we would have enough time to prepare with out watch-list of stocks and trade easily.

source: squareoff.in historical data and nseindia.com