Intraday trading stocks under ₹500 on the BSE and NSE requires focusing on high-liquidity, volatile stocks with clear technical setups to capitalize on short-term price movements. Below is a curated list of potential stocks and strategies for intraday trading in India as of June 14, 2025, based on market trends, liquidity, and technical analysis insights. Note that stock prices and conditions change rapidly, so always verify real-time prices and market conditions before trading.
Top Stocks Under ₹500 for Intraday Trading
These stocks are selected based on high trading volume, volatility, and relevance in the Indian market, often highlighted for intraday opportunities. Prices are indicative and should be checked on NSE/BSE platforms like Zerodha, Upstox, or Moneycontrol for real-time accuracy.
- Yes Bank Ltd.
- Sector: Banking
- Price Range: ~₹20-30 (as of recent data)
- Why Choose: High liquidity with millions of shares traded daily. Frequently exhibits volatile price movements due to news on banking sector reforms or financial restructuring.
- Technical Insight: Look for RSI (Relative Strength Index) near 30 (oversold) or 70 (overbought) for entry/exit points. Watch for candlestick patterns like Doji or Hammer near support levels (~₹20-22).
- Volume: Average daily volume ~50-100 lakh shares (NSE).
- Suzlon Energy Ltd.
- Sector: Renewable Energy
- Price Range: ~₹50-70
- Why Choose: Strong market participation due to India’s push for green energy. High volatility makes it ideal for intraday swings.
- Technical Insight: Monitor 20-day moving average crossovers (~₹60) for momentum trades. High VIX levels often amplify price swings.
- Volume: ~80-120 lakh shares daily (NSE).
- IRFC (Indian Railway Finance Corporation)
- Sector: Financial Services
- Price Range: ~₹150-180
- Why Choose: Popular among retail traders due to railway sector exposure and consistent trading volume. Recent news on infrastructure spending boosts interest.
- Technical Insight: Use Bollinger Bands to identify breakout points around ₹160-170. Set stop-loss below key support (~₹145).
- Volume: ~30-50 lakh shares daily (NSE).
- Tata Steel Ltd.
- Sector: Metals
- Price Range: ~₹140-160
- Why Choose: High liquidity and sensitivity to global commodity prices (e.g., steel, iron ore). Recent market volatility due to Middle East tensions affects metal stocks.
- Technical Insight: Watch for RSI divergence or MACD crossovers for trend reversals. Resistance around ₹165 is key.
- Volume: ~40-60 lakh shares daily (NSE).
- Vodafone Idea Ltd.
- Sector: Telecom
- Price Range: ~₹8-15
- Why Choose: Extremely volatile due to ongoing debt restructuring and telecom sector news. High trading volume suits intraday traders.
- Technical Insight: Look for breakout above ₹12 with high volume. Set tight stop-loss (~₹0.50 below entry) due to rapid price swings.
- Volume: ~200-300 lakh shares daily (NSE).
Key Strategies for Intraday Trading
- Focus on Liquidity: Choose stocks with high trading volume (>10 lakh shares daily) to ensure smooth entry/exit with tight bid-ask spreads.
- Volatility for Profit: Stocks with 2-5% daily price fluctuations offer intraday opportunities. Use tools like StockEdge or Tickertape to screen for volatile stocks.
- Technical Analysis:
- Moving Averages: Use 9/21 EMA crossovers for entry signals.
- RSI: Enter trades when RSI is 30-40 (buy) or 60-70 (sell).
- Candlestick Patterns: Doji, Hammer, or Engulfing patterns near support/resistance levels signal reversals.
- Risk Management:
- Set a stop-loss for every trade (e.g., 1-2% below entry).
- Maintain a risk-reward ratio of at least 1:2.
- Allocate only 10-20% of capital per trade to diversify risk.
- Monitor News: Stocks under ₹500 are sensitive to sector-specific news (e.g., RBI policies, infrastructure budgets). Use Pulse by Zerodha or Moneycontrol for real-time updates.
Tools and Platforms
- Screener: Use Tickertape or Screener.in to filter stocks under ₹500 with high volume and volatility.
- Trading Platforms: Zerodha Kite, Upstox Pro, or Groww for low brokerage and real-time charts.
- News Sources: Moneycontrol, Economic Times, or NSE/BSE websites for market updates.
Risks and Considerations
- Market Volatility: Recent Middle East tensions (Israel-Iran strikes) have caused Sensex/Nifty drops, increasing risk for intraday traders.
- Liquidity Traps: Avoid stocks with low volume (<1 lakh shares) to prevent slippage.
- Discipline: Intraday trading requires constant monitoring and quick decisions. Avoid overtrading or emotional decisions.
Actionable Tips
- Check Pre-Market Data: Review Nifty futures and India VIX for market sentiment. A high VIX (>20) indicates volatility, favoring intraday trades.
- Trade in First Hour: Most price action occurs between 9:15 AM and 10:30 AM IST.
- Verify Prices: Stock prices fluctuate daily; confirm current prices on NSE/BSE before trading.
For real-time stock selection, use an intraday screener to filter stocks under ₹500 with high volume and volatility. Always conduct due diligence and consult a financial advisor if new to trading. Would you like me to analyze a specific stock or provide a sample trading plan for one of these?
