Before looking for the best Intraday Stocks, one must have complete knowledge over the concept of Intraday Trading. We have written about Intraday Trading in detail here. Once that is understood, let’s get into picking the Best Intraday Stocks.
Which Stocks are Best for Intraday?
When considering Intraday Trading, one must keep in mind that the stocks they choose must not be manipulated by operators. To solve this issue, one must pick the well-known stocks, such as ones in the Nifty 50 Category. Other than that, one can also trade the stocks that their brokers offer Margin Trading with.
The Best Intraday Stocks are Liquid
Liquidity is extremely important when it comes to Intraday Trading. The reason this is so is that when an order is placed, the chances of it getting executed are higher for Liquid Stocks. Liquid stocks are also called high volume stocks.
What are High Volume Stocks?
High volume stocks are those that have a lot of trading activity taking place within them every day. It is likely that several traders around the country monitor these stocks and have their own analysis after which they take different actions. When trading high volume stocks, the fear that the order will not get executed is low.
High Volume Stocks; The Best Intraday Stocks List:
Since we know that Volume is an important factor in picking stocks to trade Intraday, here is a list of a few High Volume Stocks:
- Idea Cellular
- Yes Bank
- Tata Motors
- Aurobindo Pharma
- Bharti Infratel
- Bharti Airtel
- Coal India Ltd.
- Ibull Housingfin
- Ashok Leyland
- Bank of Baroda
- IDFC First Bank Ltd.
- Indusind Bank
- Federal Bank
- Power Grid
- Rail Vikas Nigam
- Zee Enterprises
- GMR India
These are a few of the top traded stocks. However, the list of stocks in which Intraday Trading is possible is quite long. You can find some more stocks here.
Furthermore, this list of high volume stocks is not fixed and may change according to the prevailing current affairs. It is important to follow the market to understand this better.
Best Scrip for Intraday Trading
If you have been reading thoroughly so far, you would realize that nothing is constant in the stock market. The Best Scrip for Intraday Trading changes every single day. One solid way of catching it is to stay up to date with the current affairs and having your own foresight. There isn’t any other means of picking the best scrip for Intraday Trading. That being said, it is very important to make sure that the stock is high volume.
Which is the Best Indicator for Intraday Trading?
There is a common misbelief that Indicators are the key to success in the stock market. This is false since Indicators give the signal quite sometime after the price has made its move. Although indicators may work for some, one is better off trading price action as that is where the meat of the moves lie.
Further, one must not use indicators alone, even if implementing indicators, price action is what should be looked at when determining the entry point. This is applicable to trading any timeframe. Be it Intraday Trading, or Swing (Positional) trading.
What Timeframe is best for Intraday Trading?
1 Minute, 3 Minute, 5 Minute & 15 Minute Candlesticks are the best to look at when considering to trade Intraday. Any time period more than that and your target may not be achieved within the day.
Which is the Most Powerful Candlestick Pattern?
The candlestick pattern that seems to work most of the time is the Pin bar. Pin bars work best at key locations such as Supports or Resistances. They can also be implemented along with Indicators.
Can I buy 10000 Shares in Intraday?
Yes, depending on whether you have the capital or not, you can buy 10000 shares Intraday. Further, it is easier to buy a large number of shares in Intraday rather than delivery thanks to the margins the brokers allow.
Best Stocks for Intraday Trading Tomorrow
One of the biggest factors that affect the prices of shares is the prevailing affairs within the country, sector, or company. Staying current with these is key to finding out the best stocks for Intraday Trading. having a strong foresight helps in determining which stock will shine tomorrow, or the day after, and so on.
Another big factor that affects the share prices is Technical Analysis. Technical Analysis provides entry and exit points and works well with intraday Trading. Along with the News, Technical Analysis can form an unbeatable strategy resulting in overall profits. All one needs to keep in mind is to trade Liquid stocks only.
How to Select Best Intraday Trading Stocks in Just 5 Minutes?
Let’s say there is nothing interesting going on in the country, yet so shares still make decent movements in price. Here, Technical Analysis plays a huge part and can help you Select the Best Intraday Trading Stocks in Just 5 Minutes.
How to Select Stock For Intraday One Day Before?
The Best way to Select Stocks for Intraday One Day before is by researching the current affairs. Other than that, conducting good Technical Analysis on buzzing scrips is another way one can find Intraday Trading opportunities.