Author
LoansJagat Team
Read Time
5 Min
05 Jun 2025
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.
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!”
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.
Stock Name | Daily Volume (Approx.) | Suitable for Intraday |
Tata Steel | 10,000,000+ | Yes |
NBCC India | 1,200,000 | Yes |
MTNL | 300,000 | No |
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.
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.
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!”
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.
Avoid overly expensive or extremely cheap stocks. Ideal intraday picks are in the ₹100 to ₹500 range.
Price Range | Trader Category | Risk Level | Recommendation |
Below ₹50 | High risk, low return | Very High | Avoid |
₹100-₹500 | Mid-range, good volume | Moderate | Ideal for Intraday |
Above ₹1000 | Low volume, high margin | High | Advanced traders only |
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.
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!”
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.
Smart intraday traders use tools like:
Indicator | What It Tells You | Ideal Use |
Relative Strength Index (RSI) | Overbought or Oversold levels | Buy low, sell high |
Moving Averages | Trend direction | Spot reversals |
Bollinger Bands | Price range and volatility | Catch breakouts |
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
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:
“Screener lagao, aur stock ka jackpot pao!”
Have a daily watchlist of 5 to 10 stocks. Avoid switching between too many tickers. It helps focus and control emotional trading.
Stock Name | Reason for Watchlist Inclusion | Target Entry Price | Stop Loss | Exit Target |
HDFC Bank | High volume, sector uptrend | ₹1,520 | ₹1,500 | ₹1,550 |
Hindalco | Volatility and chart breakout | ₹450 | ₹440 | ₹470 |
Learning how to select stocks for intraday is like learning to ride a Bullet bike in Mumbai traffic. It takes balance, patience, and presence of mind.
Make data your best friend, charts your morning ritual, and news your daily chai partner. And remember, no matter how smart the trade looks, always use stop-loss to protect capital.
“Profit ki socho, par nuksaan se kabhi mat bhoolo bachav!”
Want to start your intraday journey? Open a trading account with registered brokers like Zerodha, Upstox, or Groww.
For official company announcements and filings, check BSE India or NSE India.
“Smart trader wohi, jo data samjhe aur decision le sahi!”
That is how one can master how to select stocks for intraday in India’s exciting stock market world.
1. Can I do intraday trading without any prior experience?
Yes, but it is highly recommended to practise using a demo account and study charts, indicators, and stock behaviour before risking real money.
2. How much capital is ideal for starting intraday trading in India?
You can start with as little as ₹5,000, but ₹25,000–₹50,000 offers better flexibility and risk management for beginners.
3. What time is best to trade intraday in India?
The most active time is between 9:30 AM and 11:00 AM, when volumes are high and price movements are clearer.
4. Can I hold intraday stocks overnight if the price moves in my favour?
No. Intraday positions must be squared off before market close, else your broker may do it automatically, possibly at a loss.
How to Guides – Investing, Trading & Wealth Building | ||
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LoansJagat Team
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