Intraday means “within the day”. Intraday trading also referred to as day trading is used to describe securities that trade on the market during regular business hours. It is one of the most common forms of market speculation where traders open and close all the trades within a day. It also signifies highs and lows that asset crossed throughout the day.
While picking up stocks for intraday trading, the day traders should select stocks that have ample liquidity, mid to high volatility, and group followers. Identifying the right stocks for intraday trading involves isolating the current market trend from any surrounding noise and then capitalizing on that trend.