Top 10 Stocks to Buy Tomorrow Intraday 2022

Are you an intraday trader searching for the best intraday stocks to buy today? Well, there are numerous options out there, but not all are profitable. Though this trading technique can enrich you, you need to go for the best stocks for intraday trading.

In this post, we have gathered the top 10 stocks to buy tomorrow intraday, along with other vital related information. Read on to the end to hone your trading skills even better and maximize your profits.

Intraday trading is when traders buy and sell securities during the same trading session. They do this to take advantage of daily changes in stock prices. Simply put, it is a situation where a trader closes any open positions before the market ends for the day. He doesn't have to worry about losing money in one night by taking this action.

In the past few years, the number of demat accounts has grown a lot. It has led to a big rise in intraday trading. As discount brokers charge low fees, trading costs have gone down by a lot.

The amount of intraday trading increased significantly during the COVID-19 lockdowns. People turned to intraday stocks for today as a way to make money. All markets, including cash, futures and options (F&O), commodities, and currency derivatives, can be traded on the same day.

Make the most profit from your trading session. Below are the top 10 stocks to buy tomorrow intraday:

Tata Motors (TATAMOTORS)

Tata Motors Limited is an Indian multinational automaker that has been in business since 1945 and is based in Mumbai, Maharashtra. It makes cars, commercial trucks, vans, coaches, buses, sports cars, and even military vehicles.

Tata Motors is worth more than Rs 150,000 crores in the market. A total of 46.40% of the firm is owned by the promoter group. 53.60% is held by FIIs, insurers, and the general public.

Shares of the company typically move between 3.40 and 5.20 percent on a daily basis. It has a trading volume of around 1,250 crores. The daily volume of shares is about 2.70 crore. Hence, TATAMOTORS is among the top intraday stocks for today.

Bajaj Finance (BAJFINANCE)

This is a frontrunner in the finance sector, being among the top 10 stocks to buy tomorrow intraday. The organization has a large market share in several other industry segments outside of consumer financing. It covers small and medium-sized enterprises (SMEs), rural lending, and commercial loans.

The total value of the company's stock on the stock exchange is overRs. 400,000 Crore. 56.03 percent of the stock is owned by the promoter group. The public and institutional investors own the remaining 43.97 percent.

The stock's range has remained quite stable over the past several months at between 1.75 and 4 percent. The average daily volume of shares is 13+ lacs.

Axis Bank (AXISBANK)

The third largest private bank in India, Axis Bank is a diverse financial institution. It sells its financial services to both large businesses and smaller, medium-sized, and retail businesses. Its market value is worth a total of Rs 222,931 Crore.

Promoters own 9.71% of the company. The other 90.29 percent are owned by mutual funds, FIIs, banks, insurance companies, corporations, and individual investors.

Axis Bank stock usually trades between 2% and 4%, with a daily rollover of over 930+ Cr. About 235 million shares, or 1.19 billion, change hands every day on average. Axis is, therefore, among the best intraday stocks for today.

Bharti Airtel (BHARTIARTL)

The Indian firm Bharti Airtel Limited, doing business as Airtel, is headquartered in New Delhi. Airtel offers 4G LTE, GSM, 3G, 4G+, fixed-line internet, and other services across its coverage areas.

The current valuation of the firm is over Rs 400,000 Cr. A total of 55.93 percent of the company's stock is held by the promoter group. The leftover percentage belongs to FIIs, mutual funds, the general public, and other investors.

Airtel stock has a daily average that falls between 2% and 3.50%. Its average rollover every day is approximately 524 crores. Being one of the day trading stocks to buy today, over 85 million shares of stock change hands daily on average.

State Bank of India (SBIN)

The Indian government owns and runs the State Bank of India (SBI). It is the largest financial services and banking company in India. The bank gives the client access to banking services and its subsidiaries offer a wide range of other financial products. In the past year, SBIN has gone up by 7.81%, passing as an option among the intraday stocks for today.

Jindal Steel and Power (JINDALSTEL)

The Hisar, India-based Jindal Steel and Power Limited (JSPL) is a steel and energy provider. Its annual revenue is close to $5.5 billion.

JINDALSTEL may pass as the best share for intraday. The firm has a market valuation of around Rs. 49,500 crores. In terms of share ownership, the promoter has 60.4%, while mutual funds, FII, and other investors have 39.56%.

The stock's daily trading volume averages 330+ crores, and it moves in a range of 4% to 6% on average. More than 69 million shares of stock are traded each and every trading day.

Bandhan Bank (BANDHANBNK)

Bandhan Bank Ltd. is a major financial institution in India with headquarters in the city of Kolkata in West Bengal.

BANDHANBNK is among the best intraday stocks for today. The capitalization of the bank is more than Rs. 47,500 crores.

Sixty percent of the company's stock is owned by FIIs, mutual funds, and other institutional investors. The remaining forty percent is controlled by the promoter group. The average daily stock volume is approximately 260+ Cr, and it trades in a range of 2.8% to 4.5%. Its stock trading volume on a daily basis is about 86 lacs.

Zee Entertainment (ZEEL)

Zee Entertainment Enterprises Limited is the name of the media and entertainment company that is part of the Essel Group. The promoter group owns 3.99% of Zee Entertainment, which gives them control of the company. The other 96.01% is controlled by foreign institutional investors, mutual funds, institutions, and the general public.

During trading, the stock price usually moves between 4% and 5.30%, and more than 300 crores are traded. On average, more than 1,600,000 shares (1 crore) of stock are bought and sold every day. ZEEL is among the profitable day trading stocks to buy today.

Indiabulls Housing Finance (INDUSINDBK)

The main office of Indiabulls Housing Finance Limited can be found in New Delhi. This company, which is the second largest housing finance institution in India, is run by the National Housing Bank.

Among the intraday trading stocks today, INDUSINDBK is one of the best. More than 7,300,000,000 Indian Rupees are owned by the company. The promoter group owns 9.72% of the company, while the public, FIIs, insurers, and institutions own the other 90.2%.

The stock has a trading range of up to 6% and a daily rollover that’s over 250 crore. Every day, 1.90 billion shares are bought and sold on the stock market.

RBL Bank (RBLBANK)

RBL Bank offers services in six different areas of banking. All of the Rs. 7900+ Crs that make up RBL bank's market cap are held by FIIs, insurance companies, mutual funds, etc. The stock usually trades in a range of 3% to 5%, and about 240+ crores worth of it change hands daily.

On average, 1.86 crore shares of stock change hands every day.This makes RBLBANK one of the best intraday trading stocks today.

Contracts for differences are a sophisticated trading tool used by professional investors. A contract for differences (CFD) is an agreement made when dealing in financial derivatives. The trading parties agree that the spread between the opening and closing prices of the trade should be paid in cash.

One of the best platforms for utilizing CFD is Mitrade. You can trust Mitrade for a variety of user-friendly features like negative balance protection and a low threshold amount. The platform is simple and intuitive with competitive trading costs and activities controlled by the proper regulatory bodies.

Contracts for Differences (CFDs) allow investors to speculate on the future value of various assets and derivatives. The money used to buy derivatives comes from the sale of another asset. CFDs allow investors to bet on whether the price of the underlying asset or security will go up or down.

Speculators who think the price of a CFD will go up will buy one. On the other hand, those who think it will go down will start in a short position.

When the value of the underlying asset goes up, CFD buyers usually put their positions up for sale. By taking away the cost price from the selling price, all that's left is the net profit. Investors can pay the difference between what they bought and what they sold it for through their brokerage account.

A trader will open a sell position if he or she thinks the price of a security will go down. To close the position, they need to buy an offsetting transaction. In the same way, the difference between the gain and loss is paid for through their account.

Contracts for difference (CFDs) allow investors to participate in the ups and downs of the underlying securities market. They don't have to buy the security or take possession of the asset it is based on.

Also, trading CFDs on margin is possible because traders can borrow money from their brokers to increase their leverage. By raising the size of their position, they tend to make more profit. However, before approving this kind of deal, brokers will need traders to have a minimum balance in their accounts.

Indicative Margin Trading Contracts for difference (CFDs) often offer greater leverage than more conventional forms of trading. In the CFD market, standard leverage ranges from 2% to 20%. Margin calls that are lower suggest the trader may risk less money while still making a profit.

Additionally, the CFD market is often subject to fewer regulations than traditional exchanges. This means less money or fewer funds in a brokerage account may be needed to trade CFDs. In most cases, a broker will accept deposits as low as $1,000 from speculators.

Since CFDs are based on what real companies do, cash dividends can also help a CFD investor's return on investment. The vast majority of CFD brokers have offerings in every significant market. Any active market may be accessed directly from the broker's trading interface.

Furthermore, CFDs make it simple for traders to open long, short, or even buy-and-sell positions. There are no standard regulations governing short sales in the CFD market. At any time, a short sale of an instrument is possible. Due to the lack of asset ownership, no borrowing nor shorting fees are incurred. The costs of trading a CFD are negligible, if any at all.

When working with a seasoned broker, trading CFDs is easy. Once you've signed up for a trading account, you choose an instrument, position, and platform. Remember to work with a demo account first before entering the live markets.

First, when trading CFDs on stocks, indices, or commodities, it's important to choose the right underlying instrument. Keeping up with the most recent market analysis reports and videos will help you figure out which markets are making waves.

Secondly, after deciding the type of CFD to trade, pick a trading position. If you believe the value of your asset will increase, you may "go long" (purchase). Otherwise, you can "go short" (sell).

Numerous indicators, charts, and signals can help you select what sort of deal to enter.

Select the appropriate opening size next. Depending on the instrument you are trading, a unit of the CFD you are trading will have a different value. You will need to figure out how many CFD units are best for your trading strategy.

Finally, when all these are decided, you need to get a trading platform and begin. Go immediately to Mitrade and begin trading seamlessly.

Now you know the best intraday stocks to buy today, with important details on the various companies. You also know the perfect platform for your trading activity. All these together will certainly give you the perfect trading experience and more profits.