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List Of Stocks For Intraday Trading, Best Stocks for Intraday Trading now in India 2023

List Of Stocks For Intraday Trading- Intraday trading is a popular way of earning profits through the stock markets. It refers to the process of buying and selling stocks in a day using multiple online platforms, hence it is known as day trading or intraday trading. The main objective of intraday or day trading is to make profits from the movements of market indices.

Suppose, the opening price of a share is Rs. 500. Now, within an hour or two the price reaches up to Rs. 550. Suppose you bought 1000 shares at the opening rate and sold them at the closing rate. 550. In this way, you would have made a solid profit of Rs. 50,000 in a day. This is how intraday trading works.

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What is intraday trading?

Intraday trading means that a trader is buying and selling shares or other trading instruments on the same day in order to profit from the price movements of the stock during the day. In short, a trader closes his open trades before the close of the trading session. He does not take any overnight risk which may affect his profits. The increasing number of Demat accounts has resulted in a sharp jump in intraday trading volumes in recent years. There is a drastic reduction in trading costs as discount brokers charge only nominal fees as compared to traditional brokers.

Intraday trading got a boost even during the Covid-19 lockdown. People who were confined to their homes chose day trading as a source of income generation. Intraday trading is possible in any segment be it cash, futures and options (F&O), commodity or currency derivatives. One can also take leveraged positions in stocks which are not available in the F&O segment. Even though intraday trading eliminates the overnight risk, there are other risks such as fluctuating news, liquidity in the instrument, and volatility of the instruments during trading hours.

Other factors such as trading plan, money management and risk management also affect a trader’s profitability in the long run. Trading is a stream where profit and loss affect human psychology. A trader’s decision-making ability is highly influenced by his/her state of mind. High optimism or overconfidence due to large profits or long winning streaks can lead to taking oversized positions. He may take a big risk or hold a losing position for a long time in the hope of breaking even.

Merchant Criteria

Traders must first decide how much risk they are willing to take on each trade. They should also limit the maximum number of open positions. Managing multiple trades can be complicated as long and short trades will be open in different stocks.

Corporate Event

If trades have taken place on certain technical setups, it is prudent to check if there is any corporate event scheduled on the same stock. This checkup should be done on a regular basis. Such events bring with them both challenges and opportunities. Whatever the outcome, it is good to be informed about any scheduled program. Samco App helps you to easily track corporate events and news flow in your stocks. Download it now.

List Of Stocks For Intraday Trading
List Of Stocks For Intraday Trading

Volatility and Liquidity: List Of Stocks For Intraday Trading

Volatility and liquidity are also very important for intraday trading. A higher volatility means bigger price movements during the day which translates to more trading opportunities. Low volatility means fewer trading opportunities. Volatility should not come at the cost of liquidity as liquidity is important for entry and exit during the day. Traders should avoid highly volatile and thinly traded stocks. There are times when traders get stuck on one side of the trade. They cannot exist due to illiquidity or circuit limits.

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Sometimes the spread between the bid and ask price is also very wide which affects the trading cost. This sometimes occurs in thinly traded penny stocks as well as in thinly traded indexes and stock options. Volatility is attributed to the behaviour of the stocks. Volatility patterns should not be viewed with reference to a particular day or week, rather stocks that have a history of volatile trading and are highly traded should be selected as trading candidates. One such list of shares is mentioned below.

List of Best Intraday Stocks to Buy now in India

Sr.NoCompany NameBSE Scrip CodeNSE SymbolCMP – Dec ’22Rating
5Vodafone Idea532822IDEA8.30.5
List Of Stocks For Intraday Trading

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How to pick stocks for intraday trading

Volatility and liquidity should primarily be at the top of a trader’s mind while selecting stocks for intraday trading. However, other factors such as market cycles, stocks in the news and stocks with technical trading setups can be included in the list and actively tracked, especially when they are trading at the day’s high or day’s low. Be

Indicators like ATR and Standard Deviation can be used to prepare a list of the best stocks for intraday trading. One can use it in the last 50 or 100 days period. Whereas for Liquidity; The average turnover of the last 100 days can be used to determine the top liquid stocks. Stocks that appear at the top of both the Liquidity and Volatility lists should then be for the trading universe.

List Of Stocks For Intraday Trading
List Of Stocks For Intraday Trading

Nifty and Bank Nifty indices are the highest-traded instruments for intraday trading as institutions and the public track these indices. An important thing to note in the above list is that we have excluded top market cap stocks like Reliance, HDFC, HDFC Bank, ITC, Infosys and TCS. These stocks are highly liquid but they are not highly volatile due to their size and stability in their business. One more thing to note in the above list, many stocks are from the banking and NBFC sectors which are highly volatile sectors and are on a large scale.

Axis Bank

Axis Bank is the third largest Indian private sector bank and offers a wide range of financial products. The headquarter of the bank is in Mumbai. It has 4758+ branches, a wide network of ATMs and 10+ international offices. It sells financial services to large and medium-sized corporates, SMEs and retail businesses. Its market capitalization is Rs. 2,90,167 crores. As of September 2022, 09.69% of shares are by the promoters and promoter groups.

The remaining 90.33% of the total shares are owned by mutual funds, FIIs, banks, insurance companies, corporate bodies and individual investors. The average trading range for the stock ranges from 2 to 4 per cent with a daily turnover of over 1400+ Cr. The average daily trading volume of the stock is 7,063+ lakh shares.

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Bajaj Finance

Bajaj Finance Limited is one of the largest players in the growing consumer finance segment in India and a pioneer in offering interest-free EMI finance options across over 50 categories ranging from consumer durables to lifestyle products to groceries are included. Apart from consumer finance, the company also has substantial business penetration in SME, commercial and rural lending.

The market capitalization of the company is Rs. 4,04,082+ cr. The promoter group holds around 55.86% of the total shares while 44.13% is held by mutual funds, other institutions and the public. The average daily range for the stock continues to be around 1% to 3% with an average daily turnover of over 2400 crores. The average daily trading volume of the stock is 901+ lakhs.

List Of Stocks For Intraday Trading
List Of Stocks For Intraday Trading

Technical analysis for high profit in intraday trading: List Of Stocks For Intraday Trading

Performing fundamental analysis is very important if you really want to maximize your profits from the stock market. It refers to the study or analysis of the financial position and performance of a company. However, this is a very time-consuming and tedious task. But here’s the good thing about day trading, you can use technical analysis instead of fundamental analysis to select the right stocks. Once you have mastered technical analysis, nothing can stop you from making fast profits from day trading.

Earn regular income through intraday trading

There is no denying that intraday trading is risky, but one of the reasons it continues to gain popularity is that it offers substantial returns. With suitable trading strategies, you can easily create an alternate source of income by trading for a few hours each day. This can be done from the comfort of your home or office. Over time, with carefully structured investment strategies, it can become your primary source of income.

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