The intraday trading option is a lucrative way for experienced and smart traders to make profits. Under intraday trading, you buy and sell the stocks on the same day. However, to maximise your returns, you need to adopt a successful trading strategy and choose high-performing stocks.
In this article, we shall list the best intraday stocks for today, so you can make the maximum gains.
Top Intraday Stocks for Today
| Intraday Stock for Today | Last Traded Price (₹) | 52 W High (₹) | 52 W Low (₹) |
| India Cements | 340.90 | 385 | 172.55 |
| Bharat Electronics | 379.70 | 393.55 | 230 |
| Deepak Fertilisers | 1577.20 | 1594.80 | 526.00 |
| Gujarat State Fertilisers and Chemicals | 199.93 | 274.50 | 156.50 |
| Ircon International | 159.61 | 351.60 | 134.24 |
| Aditya Birla Retail | 86.06 | 364.40 | 85.45 |
| Vodafone Idea | 7.44 | 19.18 | 6.78 |
| Suzlon Energy | 66.72 | 86.04 | 45.15 |
| Reliance Industries | 1423 | 1425.70 | 1406.10 |
| Cochin Shipyard | 2086.70 | 2979.45 | 1180.20 |
| Indegene | 590.40 | 736.30 | 470.10 |
| GE Vernova T & D India | 2357.5 | 2373 | 1222.65 |
| Yes Bank | 21.15 | 27.44 | 16.02 |
| Indian Overseas Bank | 41.20 | 72.60 | 33.50 |
| Kfin Technologies Ltd | 1163.2 | 1641.35 | 621.75 |
| Kalyani Steels | 799.60 | 1277 | 651 |
How to Pick Intraday Stocks for Today?
- Check Volatility- For intraday trading, you must choose stocks that have a medium to high volatility. Volatility is the measure of price fluctuations of a stock. Stocks with low volatility may not earn good profits intraday and those with high volatility may be too risky. Thus, medium to high volatility stocks are a safe bet.
- Pick Liquid Stocks- Liquidity means the ease with which you can buy and sell stocks intraday. Investing in highly liquid stocks enables you to sell and exit quickly.
- Sector Trends- Traders must choose intraday stocks for today from sectors that show a positive trend. For example, if the banking sector is performing well, one should look for stocks from the IT companies that are likely to move upward in price.
- Momentum of Stocks- Momentum refers to the speed at which a stock moves in a particular direction. It is wise to choose stocks with good momentum, i.e. stocks that move up or down fast and steadily. One can analyse the momentum of stocks with the help of price charts, moving averages and other indicators.
- Stay Away From Penny Stocks- While penny stocks appear lucrative in terms of affordability, they may have low liquidity, making it difficult for you to exit. Besides, these stocks are more prone to artificial price movement, which happens due to speculation.
- Choose Stocks with Clear Patterns- Select stocks that show clear chart patterns. And to have clear patterns, a stock must have a long history. Thus, you will be able to study and understand the repeated patterns that it follows and make a trading decision.
Summing Up
When choosing intraday stocks for today, you can pick stocks from the ones listed in the table above. Besides, you must also apply your knowledge and strategies to make the best trade. Some recommended strategies for derivative trading include studying the chart patterns, stock movements, volatility, stop loss, position sizing, support and resistance levels and so on.
