Are you looking for solid intraday stocks? Check out these worthy considerations

5paisa Research Team 10th December 2022 - 09:03 pm

Nifty 50 is likely to head higher amid an optimistic speech from US Fed Chair Jerome Powell on rate hikes. Read on to find out more about stocks that are worthy intraday consideration.

Nifty 50 witnessed a strong opening at 18,871.95, recording a new all-time high as against yesterday’s closing of 18,758.35. This was amid strong global cues. On Wednesday, key Wall Street indices rejoiced as Federal Reserve Chairman Jerome Powell signalled the rate hikes to slow down as soon as next month.

This led big tech companies to green, while treasury yield tumbled. Tech-heavy Nasdaq Composite gained 4.41%, Dow Jones Jumped 2.18%, and S&P 500 climbed 3.09% in overnight trade.

At 09:24 a.m., Nifty 50 was trading higher at 18,874.8, up by 116.45 points or 0.62%. Broader markets performed mixed when compared to large-cap indices. Nifty Mid-Cap 100 Index was up by 0.2%. Nifty Small-Cap 100 index was trading in line with the Nifty 50 gaining 0.6%.

According to the data as on November 30, FIIs were net buyers and DIIs were net sellers. Foreign Institutional Investors (FII) bought shares worth Rs 9,010.41 crore. Domestic Institutional Investors (DII) sold shares to the tune of Rs 4,056.4 crore.

The following is the list of powerful stocks having a solid intraday setup.

Stock Name	CMP (Rs)	Change (%)	Volume
Mazagon Dock Shipbuilders Ltd.	921.5	1.4	9,21,682
Likhitha Infrastructure Ltd.	482.0	2.6	7,39,748
PB Fintech Ltd.	459.9	1.6	3,34,682
State Bank of India	605.1	0.4	8,84,721
Varun Beverages Ltd.	1,254.6	0.4	7,50,719
Tata Motors Ltd.	441.0	0.4	9,59,000
Jindal Steel & Power Ltd.	539.3	0.7	5,86,656
Reliance Industries Ltd.	2,741.5	0.4	6,91,308
Adani Ports and Special Economic Zone Ltd.	885.7	0.5	3,97,026
KPIT Technologies Ltd.	720.0	0.7	2,46,255

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5paisa Research Team

Disclaimer: Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.

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