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Stock selection for intra day trading

Can anybody guide on system to be followed for selecting INTRADAY stock for intra day trading?

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1) Choose high beta stocks 2) Stock should be fundamentally strong and have moderate (neither high nor low) free floating market shares(ex: Navin Fluorine, Affle, LT Infotech, Deepak Nitrate etc. ) there are plenty... 3)Buy on 50 DMA support (stocks that are in uptrend) 4)Maintain Strict Stoploss (do not neglect) 5) Keep an eye on volume distribution and take exit.

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Intraday tips
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