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.