How to Select Stocks for Intraday – Beginner to Pro Guide

“Kal kharida, aaj becha… paisa kama liya!”

Picture, Raj, a college student in Delhi, opens his trading app at 9:15 AM. By 10:45 AM, he had made ₹2,300 from a single stock. Sounds filmy? Nah, this is intraday trading, baby! The real deal where money dances faster than a Bollywood song beat.

Raj noticed that Stock X opened at ₹180 and rose to ₹192 within an hour. He bought 100 shares, and when he sold them at ₹192, his profit was:

(₹192 - ₹180) × 100 = ₹1,200 – minus the broker charges. He repeated this with another stock and ended his morning ₹2,300 richer.

But wait, Raj was not guessing. He knew how to select stocks for intraday, like a pro picking paneer from a buffet. This blog will teach you just that, with desi tadka, real numbers, and no boring textbook drama.

“Jab tak market mein josh hai, tab tak profit ka raasta khula hai!”

1. Why is Stock Selection the King of Intraday?

Not every stock is meant for fast-paced trading. The stock you pick can decide whether you sip success or stress by the end of the day. Selecting the right stock is crucial in intraday trading because you must enter and exit within the same trading session. 

This means timing, volatility, and liquidity are everything.

“Bina soche samjhe trade kiya, toh samjho paisa gaya!”

2. Key Criteria: How to Select Stocks for Intraday Like a Pro

A. Liquidity – More Buyers, More Fun

Choose stocks that have high trading volumes. This means plenty of buyers and sellers exist during the day, which helps you enter and exit trades quickly.

Example:
 

Rahul, a college student from Pune, selects Tata Steel for intraday because its average daily volume is above ten million shares. He enters at ₹150 and exits at ₹152 within hours, making a cool ₹2 per share.

Read More – Best Stocks for Intraday Tomorrow – Expert Picks & Strategies

B. Volatility – The Spicier, The Better

Volatile stocks fluctuate more during the day. They give opportunities to profit from price movements. But remember, more spice means more risk.

Numerical Illustration:
 

 Suppose Maruti Suzuki opens at ₹10,000. Throughout the day, it moves to ₹10,300 and then to ₹9,800.

Price movement:
 

Highest - Lowest = ₹10,300 - ₹9,800 = ₹500

This stock shows a ₹500 range. For an intraday trader, such a movement is golden.

C. Correlation with Index – Dance with the Market

Pick stocks that follow the direction of market indices like NIFTY or SENSEX. If the index moves up and your stock does not, then you are not dancing to the right beat.

Example:
 

Priya, a Mumbai-based homemaker, trades Infosys because it mirrors the movement of NIFTY. If NIFTY rises by 1 per cent, Infosys often moves in tandem.

D. Sector Buzz – Ride the Wave

Choose stocks from buzzing sectors. If the banking sector is in the news, trade stocks like HDFC Bank or ICICI Bank.

“Sector chalega, toh stock udhega!”

3. Chart Patterns – Price Ki Kahani

Studying stock charts can feel like reading ancient scriptures. But once decoded, it is powerful. Focus on patterns like breakouts, flags, and wedges. These indicate momentum, a key aspect in intraday trading.

Example:
 

 Vikram, a Delhi-based gym trainer, uses TradingView to spot a breakout pattern in Reliance Industries. It crosses a resistance level at ₹2,400. He buys and earns a ₹50 profit per share by the afternoon.

4. Price Range and Affordability – Do Not Go Broke in One Trade

Avoid overly expensive or extremely cheap stocks. Ideal intraday picks are in the ₹100 to ₹500 range.

5. News and Announcements – Paisa Banta Hai Khabron Se

News influences price. Watch out for results, mergers, or legal rulings. Stocks react instantly. Subscribe to 

Moneycontrol or Economic Times Markets for real-time updates.

Example:
 

 After an earnings announcement, Asian Paints moves up by 3 percent. Ramesh, a Kochi-based trader, enters just after the news and books a profit.

6. Volume Breakout – When the Crowd Goes Wild

Volume indicates the strength of a price move. When a stock moves up on rising volume, it means more people are buying it. Look for volume breakouts using platforms like Zerodha Kite or Upstox Pro.

Numerical Case:
 

 Stock ABC opens at ₹120. Average volume is 1 lakh shares. Suddenly, 5 lakh shares are traded by noon.
 This is a 400 per cent increase in volume. Entry at ₹122, exit at ₹127.

Profit per share = ₹5

“Bina volume ke price move, ek khokla jhaag hai!”

7. Avoid Penny Stocks – Saste ka nuksaan mehenga padta hai

Stocks priced under ₹20 may look attractive but have poor liquidity and wild movements. These can trap new intraday traders easily.

Example:
 

 Deepika, a first-time trader from Nagpur, buys XYZ Ltd. at ₹7, thinking it is cheap. The stock barely moves and she gets stuck, unable to sell.

8. Use Technical Indicators – Tools of the Smart

Smart intraday traders use tools like:

Example:
 

 Ajay checks RSI on Larsen & Toubro. It shows 30 (oversold). He buys at ₹2,100 and sells at ₹2,140 when RSI hits 60.

Profit: ₹40 per share

9. Intraday Screener – One Click, Many Ideas

Use stock screeners like Screener.in or Investing.com India Screener to filter stocks based on volume, volatility, and performance. Set filters to show only stocks with:

• Volume above average
  
  
• Positive price change
  
  
• Within ₹100 to ₹500
  
  

“Screener lagao, aur stock ka jackpot pao!”

10. Keep a Watchlist – Discipline is Cool

Have a daily watchlist of 5 to 10 stocks. Avoid switching between too many tickers. It helps focus and control emotional trading.