How to Pick Stocks For Intraday Trading?
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Today's stock markets have a trend known as intraday trading. When newcomers learn about it for the first time, they envision themselves making enormous profits in only a day. This completely contradicts the real-world picture that this trading approach presents. The fact that you can choose the finest stocks for intraday trading based on a wealth of data is true. However, it is important to study stocks for intraday trading in India. It is essential to practise this type of trading for some time before participating in it. The greatest intraday stocks for today must be chosen carefully since this will have a significant impact on how your upcoming trading and investing experiences turn out.


Intraday Trading

Intraday stocks are popular among day traders due to their potential for quick profits within a single trading session.Traders actively monitor market trends and news events that may impact stock prices. Intraday traders keep a close eye on company news, economic reports, and corporate earnings releases, as these events can cause significant price movements and create intraday trading opportunities. Intraday stocks offer short-term trading opportunities for investors looking to capitalise on price movements within the same trading day. Investors can optimise their intraday trading strategies by carefully assessing price movements and market conditions to select the most suitable intraday stocks.

Traders need to stay alert and attentive to market movements throughout the trading day, ready to act on trading opportunities as they arise. Identifying the best intraday stocks is essential for successful day trading and maximising profits. As the market landscape can change rapidly, traders must be adaptable and prepared to adjust their strategies accordingly. Here are some unique considerations that can set traders apart and enhance their success.

  • Market Sentiment Analysis
  • Scalping Opportunities
  • After-Hours Trading
  • Overnight Risk Management
  • Statistical Analysis


What is Intraday Trading Really?

Intraday refers to a trading strategy that involves purchasing and selling stocks on the exact day. The motive here is to benefit from stock price performance on that day. A trader cancels his open position before the trading session ends because he did not take delivery of the assets overnight. Instances of intraday trading are on the increase due to the growth of demat accounts. The total number of day traders has gone up drastically in the last few years.

Intraday trading is practicable in many kinds of instruments like cash, gold, stock, or exchange-traded funds (ETFs). Intraday trading is also helpful to eliminate the risk associated with a stock within 24 hours. However, intraday trading carries its own set of risks. The prominent risk factors while trading include negative news and volatility in stock prices. In addition, there are things that affect the profits of day traders.. For example, good money and risk management influences investor returns.


How To Select Stocks For Intraday Trading?

Volatility and liquidity should be the top priorities when a trader chooses stock for intraday trading. Other elements like the market cycle and stocks are highlighted in the news. Analytical trade setup aids in closely monitoring the market level. One can track the stock prices meticulously as they go up high or low. One may compile a list of the top stocks for intraday trading using indicators like ATR and standard deviations. It may be used for a certain time period, such as the last fifty or hundred days.

In contrast, the three-month average rotation may be used to identify the most liquid stocks. Bank and Nifty Because both institutions and the general public follow the Nifty index , they are the most actively traded products for intraday trading. So they are large and have enough stability in the market.


Factors To Consider While Picking Which Stock Is Best For Intraday Trading

Traders make decisions about risk before starting day trading. It is difficult to handle the number of short and long trades open in different stocks.

  • Corporate event

    Whether trades are made on the basis of a technical arrangement or not, it is prudent to check to see if the company has a corporate programme timetable.Regular checkups are necessary. They are brought about by these kinds of possibilities and problems.

  • Volatility and Liquidity

    Volatility and liquidity are essential for intraday trading. High volatility means a large scale of money evaluation that day. Low volatility means money increasing the possibility of stock price is very low. Since liquidity is essential for daytime entrance and exit, volatility should not come at its expense. Highly unstable and lightly traded equities are usually avoided by traders. Stocks with a record of turbulent trading and high volume should be chosen as trading options. It is best to trade that way, rather than view the pattern of volatility in the context of a certain day or week.

  • Technical Analysis

    Use technical analysis tools and indicators to identify entry and exit points. Common indicators like moving averages, RSI, MACD, and Bollinger Bands can help in understanding the stock's price patterns and momentum.

  • Market Trends and Sentiments

    Analyse the overall market trend and investor sentiments. It's generally easier to trade in the direction of the prevailing trend to increase the probability of successful trades.

  • Risk Management

    Have a clear risk management strategy in place. Determine your stop-loss and target profit levels before entering a trade. This will help you manage risk and avoid significant losses.

  • Time of Day

    Be aware that certain times of the trading day might offer better opportunities. The opening and closing hours often see increased volatility, while the midday period might experience lower activity. Traders seeking profitable opportunities should focus on researching and investing in the best intraday stocks.

Traders can occasionally become stale on one side of the deal because of the limitation of liquidity. The difference between the bid and price affects the trading cost. When selecting equities for intraday trading, a trader should concentrate on volatility and liquidity.. Indicators such as ATR and standard deviations can be used to compare the best stock trading.


Stocks and ETFs for Day Trading

The top stocks and ETFs for day trading are listed below for your consideration. Depending on volatility, you can trade smaller or bigger position sizes with this ETF due to its high volume. Other elevated equities and ETFs to think about for day trading are listed below. The table mentions the top 5 stocks for intraday trading.

Here's a list of the top five stocks for intraday trading based on their ratings.

Name BSE Scrip Code CMP Rating
Tata Motors 500570 421.6 0.5
Vodafone Idea 532822 8.3 0.5
State Bank Of India 500112 542.9 0.5
Indiabulls Housing Finance 505537 147 4
Tata Steel 500470 111 0.5



This stock list is not a recommendation or anything related to promoting this stock, Intraday stocks are not the same everyday, you need to do your own research before trading in intraday trade.  Intraday trading indicators can help you make more informed trading decisions.



Keep in mind that choosing the correct stocks is crucial if you want to earn from intraday trading. While the aforementioned advice can assist you in finding them, over time you will learn which methods of stock selection suit you the most. In order to profit from intraday trading, be sure to maintain objectivity, rely on statistics, and refrain from making emotional judgments.

Frequently Asked Questions (FAQs)

Day traders are generally permitted to use up to four times their surplus to maintain margin. The legal cap is that certain brokerage firms may set more moderate caps depending on the brokerage, the margin can vary.

Day trading can be exceedingly dangerous for some individuals. In addition to the potential for huge gains in a short period of time, it also presents the possibility for significant losses simultaneously.

If you can appropriately manage your entry and exit points and study various market trends and ways of trading, intraday trading may be rewarding. Intraday transactions carry a significant amount of risk due to market volatility. Therefore, beginners should recognize the value of an order to reduce losses.
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