Intraday trading is all about speed, precision, and the ability to spot the right opportunities at the right time. But here’s the truth — most traders fail not because of bad strategies, but because they pick the wrong stocks to trade.
If you’re new to trading or even an experienced trader struggling to earn consistent profits, this guide will help you master the art of stock selection for intraday trading.
At Stockfyre Academy — one of the top 10 stock market training institutes in Lucknow — we teach students proven, professional ways to choose stocks, manage risk, and build a profitable intraday trading career. Whether you join us offline in Lucknow or via online live classes from anywhere in India, our goal is simple: help you become a confident, profitable trader.
5 Quick Filters to Pick the Best Stocks for Intraday Trading
- High Liquidity
Liquidity is the lifeblood of intraday trading. Choose stocks with high daily trading volumes so you can enter and exit positions quickly without big price slippage.
- Look for NSE/BSE stocks with a minimum average daily volume of 5–10 lakh shares.
- Avoid low-volume stocks — they move slowly and can trap your capital.
- Price Volatility
For intraday profits, you need movement. Target stocks that fluctuate 2–5% in a day.
- Check the stock’s Average True Range (ATR) to measure volatility.
- Example: Stocks like Tata Motors, ICICI Bank, or Adani Enterprises often offer good intraday movement.
- Sector Strength
Strong sectors usually have strong individual stocks.
- If the banking index (Bank Nifty) is bullish, stocks like HDFC Bank or Kotak Bank may show strong upward moves.
- Track sector indices on NSE’s website to identify sector leaders.
- News & Events
Stocks react sharply to news, earnings reports, and announcements.
- Keep a daily watchlist of stocks with fresh news — mergers, policy changes, or results.
- Avoid stocks with unpredictable corporate announcements unless you are skilled at news-based trading.
- Technical Setup
Even the best stock is useless without a good entry point.
- Look for stocks breaking key support/resistance levels, forming patterns like flags, triangles, or breakouts.
- Use indicators like VWAP, RSI, and Moving Averages for confirmation.
FAQs – Choosing Stocks for Intraday Trading
Q1: Can I use the same stocks every day for intraday trading?
A: You can maintain a “go-to” watchlist, but update it regularly based on market trends and sector performance.
Q2: Should I trade penny stocks for intraday?
A: Avoid penny stocks — they’re illiquid and risky for quick trades.
Q3: How many stocks should I track in a day?
A: Focus on 5–10 quality stocks instead of trying to trade everything.
Q4: Which is better for intraday — NSE or BSE?
A: NSE usually offers higher liquidity, making it preferable for intraday.
Conclusion
Picking the right stock is the foundation of successful intraday trading. Apply these 5 quick filters daily, and you’ll drastically improve your chances of making consistent profits.
At Stockfyre Academy, we train you step-by-step in technical analysis, fundamental analysis, risk management, and live trading techniques so you can trade like a pro. Whether you’re looking for the best stock market institute in Lucknow or the best stock market institute near me, our courses are designed for both beginners and experienced traders across India.
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