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Richa Agarwal's
Top 3 Stocks for 2023

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Best Intraday Stocks for Today

When it comes to intraday trading, you cannot just place a trade on any stock. You need to be very selective.

First, lay out a process which will help you filter out the best intraday stocks to trade today. Here's a broad set of steps you can follow:

Define your strategy and stock basket.


Trade in liquid stocks. This is the most important parameter one should look for in intraday trading.

Look for market trends. If the market shows signs of weakness, instead of placing a bullish call, you can short the stock/index and make profits even when the stock market is going down.

Sectoral check. This is another thing to look at before you place an intraday trade. If the entire IT pack is going down due to recession concerns and you think 'ABC' stock will outperform due to its strong fundamentals, you may as well be wrong. For the short term at least.

Traders often look at market and sectoral trends to trade. This method of identifying the market and sectoral trend is known as top-down approach.

From a trading perspective, a top-down trader first analyzes the trend of the entire market, followed by the trend of the sector, and then the trend of specific stocks.

Avoid boring stocks. Not going to give out any names here but you get an idea. Look for intraday trading in stocks which are affected by the news out there. A trending EV stock which is subject to news flow is far better for trading than a boring PSU power stock.

Timing is important. Intraday trading is for those who monitor the stock continuously. For a person who is engaged full time in some profession, or a business may not be the right fit for intraday trading.

If you are deep into trading and know technical analysis, here are some hardcore trading strategies for you:


Over the years, many new traders have entered the market. Most of them have started intraday trading.

However, they seem to be going about it without any trading system.

Many don't use stop losses and often, commit large amounts of capital in a single trade. In such situations, a single bad trade takes a big bite out of their trading capital which is hard to earn back.

That is why you need to:

  • Have patience
  • Keep stop losses
  • Cut the losses (if you're deep in red)
  • Evaluate from your mistakes

Do all of this and you'll find the best intraday stocks for today.

If you want to learn more about trading and charts to improve your trading, we recommend you check out our timeless reading section: Fundamentals of Technical Analysis. It's a simple and easy to understand guide that should help you get started.

Also take a look at which are the best intraday stocks for tomorrow.

Have a safe and happy trading day!

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