What is the Premarket Session in India ?
The NSE and BSE Stock exchanges in India opens at 9AM, weekdays.
However, The trading starts only 9:15 AM
The 15 mins between 9 AM till 9:15AM , is called the Premarket session in India.
During 9:00AM and 9:08AM the exchanges accepts Premarket orders from traders who are in a hurry to accumulate or dump stocks.
The orders received during this First 8 minutes are matched, and an opening price is determined at 9:08Am
What time does the premarket data analysis start?
The premarket analysis and screening starts at 9:08 AM.
Exactlt at 9:08AM the exchange releases premarket trading information to the public.
The gaps for the day, Premarket volume are know at 9:08AM
A daytrader now has 7 minutes for their daily premarket analysis.
What information are screened during premarket session ?
During the Premarket session, the daytrader normally analyse the premarket data for:
- Bullish or Bearish sentment of the Nifty Index.
- Opening Gaps of individual stocks, The top 5 gappers.
- Premarket volume data strength.
Why do day traders analyse gap and volume data during premarket session ?
It is generally considered that stocks with a higher opening gap up combined with a strong preopen volume has a huge demand .
Likewise socks opening with a big gap down combined with strong pre open volume are likely to have a sell-off during the day.
Where to find information on Preopen session at 9:08AM ?
Preopen Gaps and Preopen Volume strength data can be screened using the Free FataFat Stock Screener.
What are the tradeable strategies using premarket session screening data ?
Day Traders who analyse the premarket data use the premarket data are mostly momentum traders. Their strategies include