What is Next Day Watchlist
With so many stocks in the trading universe, its almost impossible to analyze so many stocks manually everyday . Hence , Intradayscreener.com has created a custom algorithm that considers multiple data points like price action , Volume action , Open interest action , Funds action etc. to generate a watchlist of most probable stocks that are likely to show some good move the following day.
This watchlist updates daily and comes along with an indicative level above or below which stock may see some action. Below image shows screenshot of this list which is daily generated on the Intradayscreener app. This immensely helps traders to select intraday stocks for next day easily at click of a button
How to Trade Next Day watchlist intraday stocks
The above watchlist gives you Intraday stocks for tomorrow one day before. We have a custom algo that filters stocks based on weekly breakout , Monthly Breakout and yearly breakout as well as average volume breakout on daily charts. Next day trading stocks, How to select stocks for next day can be done easily buy using this intraday watch list . Once stock sustains the buy or sell level with open interest and volume gains , we initiate buy or sell position with 1% around stop loss for stocks < and .5% as stop loss for stocks more than 400 rs.