The most important thing to look for when selecting stocks for intraday trading is liquidity. Stocks with high liquidity are easy to enter and exit. Traders can find these stocks on exchanges’ websites. You should also look at other factors, such as volatility, market cycle, and the latest news about a stock.
Short term trends are choppy, and a failure to break the resistance level could signal minor weakness in the market. NSE Nifty has immediate support at 17,770, and a move below this level could trigger a short-term downward correction. Experts in technical research have weighed in on which stocks to buy today for intraday trading.
The best stocks to buy today for intraday trading tend to be those that have a moderate to high correlation with the index. This means that they move up or down 2% when the index moves higher. This means that you can make a profit even when the stock market is going down.
Intraday traders usually set a target price for a stock before entering an intraday trade. If the stock is trading below their target, they buy it and sell it when the price goes above their target. The goal is to make a profit in a day or two.