Investing in stocks under ₹100 can be an exciting yet challenging endeavor, especially for intraday trading. This guide aims to provide you with comprehensive information on the top 10 stocks you should consider for intraday trading tomorrow. Each of these stocks has been selected based on their current market performance, trading volume, and potential for short-term gains.
IDFC First Bank (IDFCFIRSTB)
Current Price: ₹68.50
Market Cap: ₹45,000 Crore
Sector: Banking and Finance
Reason to Buy: IDFC First Bank has shown a consistent performance with a steady increase in trading volume. The banking sector is poised for growth, and this stock is well-positioned to benefit from the economic recovery.
Key Indicators:
50-day Moving Average: ₹65.20
200-day Moving Average: ₹60.10
RSI (14): 60 (Neutral)
Tata Power (TATAPOWER)
Current Price: ₹95.80
Market Cap: ₹31,000 Crore
Sector: Power and Utilities
Reason to Buy: Tata Power is a strong player in the renewable energy sector, which is gaining momentum. The stock has shown significant movement in recent trading sessions, making it a good candidate for intraday trading.
Key Indicators:
50-day Moving Average: ₹92.30
200-day Moving Average: ₹88.50
RSI (14): 55 (Neutral)
Ashok Leyland (ASHOKLEY)
Current Price: ₹92.30
Market Cap: ₹27,000 Crore
Sector: Automobile
Reason to Buy: As one of India’s leading commercial vehicle manufacturers, Ashok Leyland is expected to benefit from the government’s infrastructure push. The stock has seen an upward trend in trading volumes.
Key Indicators:
50-day Moving Average: ₹90.10
200-day Moving Average: ₹85.70
RSI (14): 58 (Neutral)
Federal Bank (FEDERALBNK)
Current Price: ₹87.50
Market Cap: ₹22,000 Crore
Sector: Banking and Finance
Reason to Buy: Federal Bank has a strong presence in the private banking sector and has shown consistent financial performance. The stock’s volatility makes it suitable for intraday trades.
Key Indicators:
50-day Moving Average: ₹85.00
200-day Moving Average: ₹80.50
RSI (14): 53 (Neutral)
SJVN Ltd (SJVN)
Current Price: ₹33.60
Market Cap: ₹13,000 Crore
Sector: Power Generation
Reason to Buy: SJVN Ltd. is involved in the generation and distribution of hydroelectric power. The stock has seen an increase in trading activity due to positive developments in the renewable energy sector.
Key Indicators:
50-day Moving Average: ₹32.80
200-day Moving Average: ₹31.50
RSI (14): 50 (Neutral)
NHPC Ltd (NHPC)
Current Price: ₹35.20
Market Cap: ₹34,000 Crore
Sector: Power Generation
Reason to Buy: NHPC Ltd. is a leading player in the hydroelectric power sector. The stock is known for its stability and has shown positive movements in recent sessions, making it a good pick for intraday trading.
Key Indicators:
50-day Moving Average: ₹34.50
200-day Moving Average: ₹33.00
RSI (14): 52 (Neutral)
IRFC Ltd (IRFC)
Current Price: ₹23.10
Market Cap: ₹30,000 Crore
Sector: Finance and Leasing
Reason to Buy: Indian Railway Finance Corporation (IRFC) finances railway projects. The stock has shown increased trading volumes and volatility, making it suitable for short-term gains.
Key Indicators:
50-day Moving Average: ₹22.80
200-day Moving Average: ₹21.90
RSI (14): 54 (Neutral)
IDBI Bank (IDBI)
Current Price: ₹52.90
Market Cap: ₹25,000 Crore
Sector: Banking and Finance
Reason to Buy: IDBI Bank has been undergoing a transformation, with potential privatization news driving interest. The stock’s performance in the last few sessions indicates potential for intraday trades.
Key Indicators:
50-day Moving Average: ₹51.20
200-day Moving Average: ₹48.90
RSI (14): 57 (Neutral)
South Indian Bank (SOUTHBANK)
Current Price: ₹18.60
Market Cap: ₹4,000 Crore
Sector: Banking and Finance
Reason to Buy: South Indian Bank is a smaller player in the banking sector but has shown significant trading activity. The stock’s low price and high volatility make it attractive for intraday trading.
Key Indicators:
50-day Moving Average: ₹18.20
200-day Moving Average: ₹17.50
RSI (14): 56 (Neutral)
Yes Bank (YESBANK)
Current Price: ₹14.20
Market Cap: ₹35,000 Crore
Sector: Banking and Finance
Reason to Buy: Yes, Bank has been in the news for its restructuring efforts. The stock remains volatile, providing ample opportunities for intraday traders to capitalize on price movements.
Key Indicators:
50-day Moving Average: ₹13.90
200-day Moving Average: ₹ 13.50
RSI (14): 55 (Neutral)
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Intraday trading can be profitable, but it requires careful analysis, quick decision-making, and strict risk management. The stocks listed above are some of the best options under ₹100, offering high liquidity and potential for significant price movements. However, always conduct your own research and consider market conditions before making any trading decisions. The stocks listed above are known for their volatility and trading volume, making them suitable candidates for intraday trading. Always conduct thorough research and use technical analysis to inform your trading decisions. Happy trading!
Investing in stocks under ₹100 for intraday trading can be rewarding if done correctly. The stocks listed above are among the best options available, based on their recent performance and market potential. Always remember to do your own research, use technical analysis, and follow disciplined trading practices to maximize your chances of success.
Choosing the right stocks for intraday trading requires careful analysis and a good understanding of market trends. The stocks listed above, priced under ₹100, provide excellent opportunities for intraday traders looking to make quick profits. Remember to trade responsibly and use risk management strategies to protect your investments.