No, fundamental analysis is not needed for intraday trading. In fact, it can be quite difficult to do a comprehensive fundamental analysis in such a short time frame.

That said, there are a few key things that you can look at to get a quick idea of the stock’s fundamentals. For example, you can look at the company’s earnings report, its price-to-earnings ratio, and its dividend yield. These are all important metrics to consider when assessing a stock’s value.

By keeping an eye on these fundamentals, you can gain a better understanding of whether or not the stock is worth buying on that particular day. And if you’re able to make quick decisions and execute your trades quickly.