Best Intraday Stocks for Today

STOCK ACTION Volume CMP Day Low Day High
Yes Bank Ltd BUY SELL 77,197,334 17.46 17.23 17.72
Easy Trip Planners Ltd BUY SELL 43,002,347 12.06 11.56 12.21
Zomato Ltd BUY SELL 35,519,896 223.31 216.52 224.60
Filatex Fashions Ltd BUY SELL 35,075,617 0.53 0.50 0.53
PC Jeweller Ltd BUY SELL 32,240,065 12.45 11.11 12.80
Jyoti Structures Ltd BUY SELL 21,545,003 18.03 17.37 18.94
IRB Infrastructure Developers Ltd BUY SELL 21,433,963 46.11 45.41 47.60
Nippon India ETF Gold Bees BUY SELL 20,255,513 71.98 71.64 72.14
Vishal Mega Mart Ltd BUY SELL 19,979,871 101.29 100.38 105.63
Bharat Heavy Electricals Ltd BUY SELL 19,765,470 186.57 183.57 194.50
TVS Supply Chain Solutions Ltd BUY SELL 19,162,211 132.61 130.91 139.41
NMDC Ltd BUY SELL 19,156,564 63.07 60.92 63.27
Zee Entertainment Enterprises Ltd BUY SELL 16,116,331 98.34 96.23 99.66
NTPC Ltd BUY SELL 15,793,327 311.20 297.50 312.40
NBCC (India) Ltd BUY SELL 14,312,121 77.79 77.21 82.60

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What Are Intraday Stocks?

Intraday stocks are those traded within the same day, meaning positions are bought and sold before the market closes. Unlike long-term investments, intraday trading focuses on short-term price movements to generate quick profits. Traders analyze market trends, use technical indicators, and apply strategies to capitalize on stock volatility.

How to Choose the Best Stocks for Intraday Trading

Selecting the right stocks is crucial for successful intraday trading. Here are key factors to consider:

  • Liquidity: Stocks with high trading volumes allow easy buying and selling.
  • Volatility: Choose stocks that experience frequent price fluctuations.
  • News Sensitivity: Stocks influenced by economic data, earnings reports, or major news events tend to move significantly.
  • Sector Trends: Stocks from trending sectors often show better movement.
  • Technical Indicators: Use RSI, MACD, and moving averages to identify potential trades.

 

Essential Tools for Intraday Trading

To make informed decisions, traders rely on the following tools:

  • Trading Platforms: A fast and reliable trading terminal is essential.
  • Charts & Indicators: Tools like candlestick charts, RSI, and Bollinger Bands help analyze price action.
  • Market Scanners: Identify stocks with high momentum or breaking key levels.
  • News Feeds: Stay updated with real-time market news for potential opportunities.

 

How to Predict an Intraday Increase in Stock Price

While predicting price movements isn’t foolproof, traders use these methods:

  • Breakout Levels: A stock breaking key resistance can signal an uptrend.
  • Volume Analysis: Rising prices with high volume indicate strength.
  • Moving Averages: Short-term moving average crossing above long-term suggests bullish momentum.
  • Market Sentiment: Positive news, earnings beats, or sectoral trends can push prices higher.

 

Best Intraday Trading Strategies

Here are some popular intraday trading strategies:

  • Scalping: Profiting from small price movements multiple times a day.
  • Momentum Trading: Buying stocks showing strong upward trends.
  • Breakout Trading: Entering trades when prices break resistance or support levels.
  • Reversal Trading: Identifying trend reversals using indicators like RSI and MACD.

 

Common Mistakes to Avoid in Intraday Trading

Many traders lose money due to avoidable mistakes, such as:

  • Overleveraging: Taking excessive risks with borrowed money.
  • Emotional Trading: Letting greed or fear dictate decisions.
  • Ignoring Stop-Losses: Not having a predefined exit plan.
  • Trading Without a Strategy: Entering trades without a clear plan.
  • Chasing Trades: Buying after a big price jump, leading to poor risk-reward ratios.

 

Tax Implications of Intraday Trading

Intraday profits are considered speculative income and taxed as per applicable slab rates. Unlike long-term investments, intraday gains do not qualify for capital gains tax benefits. Traders should keep detailed records for tax filings.

 

Minimizing Risk in Intraday Trading

To reduce risk, traders should:

  • Use stop-loss orders to limit potential losses.
  • Follow a disciplined trading plan with defined risk-reward ratios.
  • Avoid trading against the market trend.
  • Diversify positions instead of focusing on a single stock.

 

Capital Requirement for Intraday Trading

The amount of capital needed depends on risk tolerance and leverage usage. Many brokers offer leverage, allowing traders to take larger positions with less capital. However, it's advisable to start small and scale up with experience.

How Leverage Works in Intraday Trading

Leverage allows traders to amplify their position sizes using borrowed funds from the broker. While this increases potential profits, it also magnifies losses. Traders should use leverage cautiously and set strict stop-loss levels.

Using Stop-Loss in Intraday Trading

A stop-loss order automatically exits a trade when a certain price is hit, preventing excessive losses. Traders should place stop-losses at key support levels to ensure minimal risk exposure.

Best Trading Hours for Intraday Stocks

Intraday trading is most effective during high-volatility periods:

  • Opening Hours (9:15 AM - 10:30 AM): High liquidity and price action.
  • Closing Hours (2:30 PM - 3:30 PM): Increased volatility as traders square off positions.

 

Using RSI and MACD for Intraday Profits

RSI (Relative Strength Index): Identifies overbought or oversold conditions.

MACD (Moving Average Convergence Divergence): Helps detect trend changes.

Combining both indicators improves trade accuracy and reduces false signals.

Intraday trading can be highly rewarding, but it requires discipline, strategy, and the right risk management approach. With proper research and the right tools, traders can maximize their chances of success in the stock market.

 

Frequently Asked Questions

Select stocks with high liquidity, volatility, and trading volume. Stocks influenced by news and market trends often exhibit strong intraday movements. Use technical indicators like moving averages and RSI to identify trading opportunities. You can also use 5paisa's list of intraday trading stocks mentioned above to start your research and trade.

Key tools include real-time stock charts, technical indicators, level 2 market data, and trading platforms with fast execution. Risk management tools like stop-loss orders and market scanners help traders identify high-potential stocks efficiently.

Analyze technical indicators such as RSI, MACD, and moving averages. Look for breakout patterns, volume surges, and positive news catalysts. Stocks crossing key resistance levels often signal potential upward momentum.

Popular strategies include breakout trading, scalping, and trend-following. Traders also use reversal trading to capitalize on market turnarounds. Combining these with technical indicators enhances accuracy.

Avoid over-leveraging, emotional trading, and ignoring stop-loss orders. Trading without a strategy, chasing momentum blindly, or failing to monitor market news can lead to losses. Stick to a disciplined approach.

Intraday gains are considered speculative income and taxed at higher rates than long-term capital gains. In many jurisdictions, traders must pay short-term capital gains tax based on their income slab.

Use stop-loss orders, trade with proper risk-reward ratios, and avoid trading emotionally. Diversify trades instead of concentrating capital in a single position. Always stick to a pre-defined strategy.

The capital requirement varies based on trading style and risk appetite. Many brokers allow intraday trading with margin, but it's advisable to start with at least ₹10,000-₹50,000 to manage risks effectively.

Leverage allows traders to take larger positions with smaller capital. Brokers offer leverage up to 5-10x, amplifying potential profits but also increasing risk. Proper risk management is essential when using leverage.

A stop-loss helps limit potential losses by automatically exiting a trade when the price reaches a predetermined level. Setting a stop-loss near key support levels reduces downside risk while protecting capital.

The first and last hours of market trading (9:15-10:30 AM and 2:30-3:30 PM in India) are the most volatile, providing optimal trading opportunities. Midday sessions often see lower activity and price fluctuations.

RSI helps identify overbought or oversold conditions, signaling potential reversals. MACD detects trend changes and crossovers for buy or sell signals. Combining both indicators improves trade timing and accuracy.

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