Which Stocks to select for Intraday Trading – Beginners lesson for trading

Today we are going to know about which stocks to select for intraday. Most of the people get confused by selection of stock. Not every stock is suitable for intraday trading, the dynamics on intraday movement should be satisfied to select the stocks which can be traded in intraday. We have to identify our stocks which satisfy below criteria and then wait for trade setup and follow the strategy. We should not  forcefully trade daily. Below are the parameters on which intraday stocks should be chosen


  • Liquidity means how easily shares can be traded in markets , basically how many shares are available for trading on a particular day. We should chose liquid stocks for intraday trading.
  • For liquid stocks , at price point  there will be a high number of buyers and sellers during day trade. 
  • Trade order will get executed immediately at market price without much spike if we trade in liquid stocks, otherwise placing market order for 1000 quantity of  stocks will raise price high.


  • Volatility means how much up and down share prices move. For intraday , Shares should not be extremely high volatility.
  • High volatile shares give higher swings in both directions, and trigger stop losses.
  • Again, it should not be stagnant as well else there will not be intraday movement. Medium volatility is preferred on daily charts.
  • Can use ATR indicator to  measure volatility


  • Correlation means how stock prices move compared to its peers or its sector movement . Usually , stocks have Correlation with major indices and sectors, stocks moves with index. We should understand this correlation while trading stocks.
  • That is if the index or a sector moves up the stock belonging to that index or sector also moves up
  • Example fall in crude index benefits aviation sector, paints sector. Weakening rupee means rise in the IT sector.


  • We should be trading in trending stocks , where some  up move or down move is clear past 4-5 days. Sideways trend stocks tends to just trigger stop losses.
  • If we are in a bull run, then it is advisable to find stocks which are in uptrend from past few days.
  • If we are in a bear run, then it is advisable to find stocks which are in downtrend from past few days.


  • Key dates will help you trigger stoplesses.
  • Key dates likes results day, may help you decide stock trend.

3 thoughts on “Which Stocks to select for Intraday Trading – Beginners lesson for trading

  1. Hi! This article deserves all the appreciation, it
    is well written and with many valuable information.

  2. This is ѵery іnteresting, Үоu are a very skilled blogger.
    I have joinedd your rss feed and looк forward tߋ seeking moге oof your grеat post.

    Αlso, I’ve shared your web site іn my social networks!

  3. fantastic issues altogether, you just received a new
    reader. What might you suggest in regards to your publish that you just made some days in the past?
    Any sure?

Leave a Reply

Your email address will not be published. Required fields are marked *

Intraday trading option trading

Option Strategy Builder

Option strategy builder is a tool by intradayscreener.com to help you build option strategies for any stocks in just few clicks. Option trading is very popular these days due to limited risk strategies which helps to manage risk of all traders. How to use Option Strategy Builder To use Option strategy builder, you need to […]

Read More
Intraday trading Scanners

Trend scanner – Find stocks in Uptrend or Downtrend

As wise men always say , Trend is your freind. Those who have burnt their hands in trading , they clearly know why its always right to be on the side of the trend of stock. Once you bring EGO in picture and hold on to trades which are against markets trend, you ultimately end […]

Read More
Intraday Scanners

Range Breakout Scans

What is Range breakout scanner ? Range breakout scanner is a tool which helps you to identify and select stocks for intraday trading . Range breakout trading strategy is a strategy in which stocks break out of a trading range like 30 day range , 90 day range etc. When stocks move out of a […]

Read More
%d bloggers like this: