Intraday Stocks

Intraday Stocks for Today

Last updated on: December 15, 2024

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Important Note: It is important to conduct research before making any investment decisions in these stocks. We do not recommend buying without thorough research and professional financial advice. Always consult a certified financial advisor to ensure the stocks align with your investment goals and risk tolerance.

Intraday means within the same day, Purchasing and selling of stocks within the same day is termed as intraday trading. You can check out the best intraday stocks for today listed on NSE/BSE. These stocks have high trading activity allowing you to enter and exit positions quickly. Using the best intraday stocks, you can capitalize on short-term price movement and high volatility.

Who Can Invest in Intraday Stocks?

Traders who understand the market trends and have a good knowledge of technical analysis can invest in intraday stocks. You can invest in the best intraday stocks that can gain quick profits. However, it also involves higher risk due to market volatility. If you are a beginner, you must avoid investing in intraday stocks. However, you can take the help of an expert for investing.

Advantages of Investing in Intraday Stocks

Investing in intraday stocks offers you various advantages such as:

  • Quick profits: You have the opportunity to gain quick profit due to the price fluctuations within a single trading day.
  • Diversification: With intraday stocks, you can trade multiple stocks in a day which helps in spreading the risk across different assets.
  • Highly Liquid: Due to the high volume and volatility in intraday stocks, you have frequent trading opportunities.

What are the risks associated with Intraday Stocks? 

Intraday stocks involve risk due to high volatility. The rapid price change can cause significant losses. Using leverage can increase both gains and losses. It requires quick decision making which may lead to error and financial loss. Also, transaction costs increase with frequent trading.

Key Metrics to Analyze Intraday Stocks for Today 

  • Symbol: For trading reasons, a stock symbol is a special set of letters allocated to securities. You may examine comprehensive stock information by clicking on any stock symbol.
  • LTP: The price of a stock at which the most recent trade or transaction took place is known as the latest traded price, or LTP. A stock's LTP is a historical figure. At the same location, you may view the LTP, change, and change percentage of a specific.
  • Volume change: This will display the % change in volume from the volume of the preceding day. In one location, you can monitor the breakout stocks with big volume.
  • Deviation from Pivots: This shows how LTP is positioned in relation to the two closest daily pivot points. The deviation points will be S1 & PP and close to S1 if the Ltp of stock is between S1 & PP.
  • Volume change: Volume change will show you the percentage change in volume from the previous day's volume. You can check the breakout stocks with high volume at one place.
  • Deviation from Pivots: Deviation from pivots indicates the position of LTP compared to the two nearest daily pivots points. If Ltp of stock is between S1 & PP, and it is near S1 then the deviation points will be S1 & PP and near S1.
  • Today's Range: The range of low and high values for an index or securities on a given day is called the “today's range.”

Get your FAQs right

While choosing intraday stocks, you must consider factors such as sector performance, overall market trends, earnings reports, technical indicators, news catalysts, earnings reports, and liquidity.

Investing in intraday stocks helps you gain quick profits by taking advantage of minor changes in stock prices within a single trading session.

Intraday stocks are volatile and often unpredictable which makes it risky for traders.

Yes, intraday stock return is taxable under business income and is taxed as per income tax slab.

Yes, you can carry forward the intraday position. However, it will be considered as delivery.

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