Best Intraday Stocks for Today
| STOCK | ACTION | Volume | CMP | Day Low | Day High |
|---|---|---|---|---|---|
| Ola Electric Mobility Ltd | BUY SELL | 61,605,465 | 79.51 | 75.16 | 80.15 |
| MMTC Ltd | BUY SELL | 50,812,526 | 76.22 | 69.82 | 80.75 |
| GTL Infrastructure Ltd | BUY SELL | 47,270,582 | 1.94 | 1.92 | 1.99 |
| Equinox India Developments Ltd | BUY SELL | 46,488,285 | 143.34 | 142.35 | 154.70 |
| Oil & Natural Gas Corpn Ltd | BUY SELL | 42,237,794 | 271.33 | 265.75 | 273.50 |
Frequently Asked Questions
To choose the best stocks for intraday trading, focus on equities with high liquidity and volatility. Volatile stocks offer the price swings needed for quick profits, while liquid stocks enable easy entry and exit. You can also use tools like moving averages, RSI, and volume spikes to identify trends and opportunities.
Common intraday trading strategies for intraday trading include:
- Scalping: Executing quick trades to profit from small price movements.
- Momentum Trading: Capitalizing on stocks moving significantly in one direction due to news or market sentiment.
- Breakout Trading: Buying or selling stocks when they break through key price levels.
- Technical Analysis: Using tools like RSI, MACD, and Bollinger Bands to time entries and exits.
With the advancement in technology, investors can leverage many essential tools for intraday trading today, including:
- Real-time data platforms to track live stock prices and market movements.
- Charting tools for technical analysis.
- Stop-loss orders to manage risk and minimize losses.
- Volume analysis tools to track market activity.
Avoid these mistakes in intraday trading:
- Not using stop-loss orders to control risk.
- Trading without a clear strategy.
- Neglecting research or ignoring market news.
- Ignoring risk management rules.
Predicting an intraday increase in stock price involves analyzing market trends, technical indicators, and news events. Traders use tools like candlestick patterns, moving averages, and volume analysis to identify potential price movements. Staying updated with economic news and company announcements can also provide insights into short-term price changes.
Intraday trading profits are treated as business income and taxed according to the individual's income tax slab rate. This means traders must report their gains and losses under the Profits and Gains from Business or Profession head in their tax returns. Proper record-keeping and understanding tax obligations are crucial to avoid legal issues.
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