In the below article, we will cover,
- What is Intraday trading?
- Factors to Consider While Picking Best Stocks for Intraday Trading
- List of Best Intraday Stocks to Buy now in India
- Methods to select stocks for intraday trading
- A detailed table with various parameters for Best Intraday Stocks to buy
What is Intraday trading?
Factors to Consider While Picking Best Stocks for Intraday Trading
There are various things to keep in mind while determining the best stocks for intraday trading.Trader’s criteria
Corporate event
Volatility and Liquidity
List of Best Intraday Stocks to Buy now in India
Sr. No | Company Name | BSE Scrip Code | NSE Symbol | CMP -1st June 2023 | Rating |
1 | INDUSIND BANK | 532187 | INDUSINDBK | ₹ 1284.95 | 4 |
2 | MAHINDRA & MAHINDRA LTD | 500520 | M&M | ₹ 1330.15 | 0.5 |
3 | TATA CONSUMER PRODUCT | 500800 | TATACONSUM | ₹ 794.25 | 2 |
4 | TECH MAHINDRA | 532755 | TECHM | ₹ 1,114.05 | 3 |
5 | SUN TV | 532733 | SUNTV | ₹ 447.20 | 4 |
6 | NMDC | 526371 | NMDC | ₹ 106.90 | 3 |
7 | DIVIS LABORATORIES | 532488 | DIVISLAB | ₹ 3475.20 | 4 |
8 | STATE BANK OF INDIA | 500112 | SBIN | ₹ 595.00 | 1 |
9 | DLF | 532868 | DLF | ₹ 482.65 | 0.5 |
10 | MAHANAGAR GAS LTD | 539957 | MGL | ₹ 1045.20 | 4 |
11 | TATA MOTORS | 500570 | TATAMOTORS | ₹ 521.45 | 0.5 |
12 | BAJAJ FINANCE | 500034 | BAJFINANCE | ₹ 6932.05 | 5 |
13 | JINDAL STEEL & POWER | 532286 | JINDALSTEL | ₹ 531.80 | 0.5 |
14 | BHARTI AIRTEL | 532454 | BHARTIARTL | ₹ 821.25 | 4 |
15 | AXIS BANK | 532215 | AXISBANK | ₹ 929.80 | 3 |
Methods to select stocks for intraday trading
- IndusInd Bank
- Mahindra & Mahindra
- Tata Consumer Product
- Tech Mahindra
- Sun TV
- NMDC
- Divis Laboratories
- State Bank of India
- DLF
- Mahanagar Gas LTD
Model Portfolio:
If one wants to bring down the watchlist to 10 stocks then the below stocks will be ideal candidates for intraday trading along with Nifty and BankNifty indicesSr. No | Company Name | BSE Scrip Code | NSE Symbol | CMP -1st June, 2023 | Rating |
1 | INDUSIND BANK | 532187 | INDUSINDBK | ₹ 1284.95 | 4 |
2 | MAHINDRA & MAHINDRA LTD | 500520 | M&M | ₹ 1330.15 | 0.5 |
3 | TATA CONSUMER PRODUCT | 500800 | TATACONSUM | ₹ 794.25 | 2 |
4 | TECH MAHINDRA | 532755 | TECHM | ₹ 1,114.05 | 3 |
5 | SUN TV | 532733 | SUNTV | ₹ 447.20 | 4 |
6 | NMDC | 526371 | NMDC | ₹ 106.90 | 3 |
7 | DIVIS LABORATORIES | 532488 | DIVISLAB | ₹ 3475.20 | 4 |
8 | STATE BANK OF INDIA | 500112 | SBIN | ₹ 595.00 | 1 |
9 | DLF | 532868 | DLF | ₹ 482.65 | 0.5 |
10 | MAHANAGAR GAS LTD | 539957 | MGL | ₹ 1045.20 | 4 |
A detailed table with various parameters for the Best Intraday Stocks to buy:
Sr No. | NSE Symbol | CMP -1st June 23 | BSE Scrip code | Rating | Industry | Market cap (Cr) -30th May 23 | VWAP -30th May 23 | 20-Day Average volume | ATR - % |
1 | INDUSINDBK | ₹ 1293.00 | 532187 | 4 | Bank - Private | 100344 | 1285.76 | 36.43 | 2.02 |
2 | MAHINDRA & MAHINDRA LTD | ₹ 1327.05 | 500520 | 0.5 | Automobiles - Passenger Cars | 1,65,196 | 1330.4 | 24.69 | 1.93 |
3 | TATA CONSUMER PRODUCT | ₹ 789.65 | 500800 | 2 | Tea/Coffee | 73475 | 791.66 | 9.04 | 1.31 |
4 | TECH MAHINDRA | ₹ 1099.75 | 532755 | 3 | IT - Software | 107023 | 1102.77 | 18.84 | 2.2 |
5 | SUN TV | ₹ 448.40 | 532733 | 4 | TV Broadcasting & Software Production | 17649 | 447.73 | 4.91 | 2.54 |
6 | NMDC | ₹ 107.25 | 526371 | 3 | Mining & Minerals | 31416 | 107.26 | 77.71 | 1.79 |
7 | DIVIS LABORATORIES | ₹ 3453.70 | 532488 | 4 | Pharmaceuticals & Drugs | 91799 | 3456 | 5.68 | 3.34 |
8 | STATE BANK OF INDIA | ₹ 592.95 | 500112 | 1 | Bank - Public | 529051 | 593.56 | 188.55 | 1.64 |
9 | DLF | ₹ 475.10 | 532868 | 0.5 | Construction - Real Estate | 117478 | 476.1 | 68.59 | 3.08 |
10 | MAHANAGAR GAS LTD | ₹ 1055.50 | 539957 | 4 | Gas Transmission/Marketing | 10410 | 1055 | 7.56 | 1.98 |
11 | TATA MOTORS | ₹ 519.15 | 500570 | 0.5 | Automobiles-Trucks/LCV | 172315 | 520.07 | 137.03 | 2.24 |
12 | BAJAJ FINANCE | ₹6998.00 | 500034 | 5 | Finance - NBFC | 424151 | 6976.61 | 9.4 | 1.49 |
13 | JINDAL STEEL & POWER | ₹523.85 | 532286 | 0.5 | Steel/Sponge Iron/Pig Iron | 53330 | 528.34 | 22.62 | 2.64 |
14 | BHARTI AIRTEL | ₹818.50 | 532454 | 4 | Telecommunication - Service Provider | 464392 | 820.42 | 53.99 | 1.65 |
15 | AXIS BANK | ₹935.15 | 532215 | 3 | Bank - Private | 288625 | 933.19 | 101.88 | 1.36 |
Rashmiji you have given nice information regarding all articles mentioned above
I am 100%endorsing you views
Nice article and useful for traders like me . Thank you 🙏
This blog is really very amazing because it contains a lot o information.
I have started thinking doing intraday trading today and this is the first article I am reading. Learning
Very good information, i was realy waiting for such kind of intraday guidelines, thank-you so much
Hello, we’re glad that you liked it. Thank you very much for the feedback!
Very good articles. Useful to traders like me. Continue the good work.
Thank you very much for the feedback! We’re glad that you liked it.
THANKS
We’re glad that it was helpful!
Useful and enriching knowledge about intraday
Hello, we’re glad that you liked it. Thank you very much!
good knowledge and good analysis.
Hey Rajveer here
Very happy and glad that you are providing this much knowledge in free many less people are now providing this type of financial earning tricks for free. You are one of them your guidance of buying an intraday share is very helpful for beginner investors because they don’t have as much knowledge about the stock market.