Last Updated on Nov 28, 2023 by Harshit Singh

Intraday trading is a popular trading strategy that many seasoned investors adopt as it does not have any form of overnight risk. It involves analytical thinking to predict the buying and selling time of the security within a single trading session. But which stocks are suitable for intraday trading? In this article, we will identify intraday stocks using the Tickertape Stock Screener.

Best stocks for intraday trading (NSE)

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) % Price above 1M SMA RSI Exponential – 14D MACD Line 1 – Trend Indicator ADX Rating – Trend Strength PE Ratio
Yes Bank Ltd Private Banks 56,942.00 19.80 8.02 59.23 0.82 40.15 77.39
KPIT Technologies Ltd IT Services & Consulting 39,805.03 1,468.75 7.52 58.02 79.66 46.83 104.48
Prism Johnson Ltd Cement 8,242.46 163.75 5.90 59.59 8.38 46.29 -79.85
Welspun Corp Ltd Iron & Steel 13,528.93 517.20 5.30 53.22 31.20 41.60 65.46
Motilal Oswal Financial Services Ltd Diversified Financials 16,743.42 1,129.50 3.67 51.96 52.96 41.32 17.97
Welspun India Ltd Textiles 15,498.46 161.10 3.52 58.66 7.41 43.47 77.95
Rainbow Children’s Medicare Ltd Hospitals & Diagnostic Centres 11,130.17 1,096.55 3.49 56.73 12.47 46.19 52.79
Apollo Hospitals Enterprise Ltd Hospitals & Diagnostic Centres 77,662.41 5,401.30 3.48 58.24 126.46 46.82 94.81
JBM Auto Ltd Auto Parts 14,974.82 1,266.40 3.44 58.70 1.89 40.09 120.40
Tech Mahindra Ltd IT Services & Consulting 1,16,911.89 1,197.85 3.16 58.41 8.37 43.09 24.20
JK Lakshmi Cement Ltd Cement 9,291.82 789.65 2.95 56.23 29.40 53.41 25.91
Swan Energy Ltd Textiles 11,124.10 421.50 2.09 54.84 24.63 51.02 -182.21
Wipro Ltd IT Services & Consulting 2,06,516.05 396.00 1.93 54.86 0.56 40.51 18.20
CreditAccess Grameen Ltd Consumer Finance 26,775.41 1,682.40 0.97 54.62 50.76 55.85 32.41
Sonata Software Ltd IT Services & Consulting 17,948.77 1,293.60 0.92 46.90 51.97 42.14 39.72
Procter & Gamble Hygiene and Health Care Ltd FMCG – Personal Products 58,119.32 17,904.50 0.77 51.25 168.79 40.76 85.70
Aster DM Healthcare Ltd Hospitals & Diagnostic Centres 16,796.33 337.65 0.32 49.49 1.65 55.05 39.53

Note: The information is dated 28th November 2023. We have listed the best stocks for intraday trading from Tickertape’s Stock Screener based on the following parameters:

  • Stock Universe – Nifty 500
  • Pro screen – Momentum Monsters

Intraday stocks with good fundamentals

Stock Name Sub-Sector Market Cap (Rs. in cr.) Close Price (Rs.) Beta Fundamental Score
Borosil Renewables Ltd Housewares 5,432.12 416.15 2.24 10.00
Container Corporation of India Ltd Logistics 45,611.77 748.60 1.31 10.00
Linde India Ltd Commodity Chemicals 50,589.75 5,931.90 1.13 10.00
Oil and Natural Gas Corporation Ltd Oil & Gas – Exploration & Production 2,37,578.57 188.85 1.09 10.00
Bajaj Holdings and Investment Ltd Asset Management 82,789.57 7,438.85 1.37 8.65
Saregama India Ltd Movies & TV Serials 7,199.03 374.35 2.00 8.18
Dixon Technologies (India) Ltd Home Electronics & Appliances 31,560.77 5,277.85 1.05 8.00
Aditya Birla Capital Ltd Diversified Financials 43,854.25 168.70 1.73 7.93
Suven Pharmaceuticals Ltd Pharmaceuticals 15,665.93 615.40 1.67 7.86
Bajaj Auto Ltd Two Wheelers 1,67,802.20 5,930.30 1.02 7.85

Note: The information is dated 28th November 2023. We have listed the best stocks for intraday trading from Tickertape’s Stock Screener based on the following parameters:


  • Stock Universe – Nifty 500
  • Beta – Set to High – Sorted from Highest to Lowest
  • Fundamental Score – Set to High

Beta stocks carry the high risk but also offer higher return potential. Higher the beta, higher are the chances of the price of stocks to fluctuate in a single trading session.

Whereas, fundamental score ranks the stock vs all others in the sector, based on different fundamental criteria.

Conclusion

Positioning your trade at the right time and price is the key to success in intraday trading. Before you start investing, you should decide how much risk you are ready to face and how much time you can devote to intraday trading. Using Tickertape Stock Screener, you can evaluate the volatility and liquidity of the stock along with other technical indicators to stay ahead.

Harshit Singh
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