Stock Picks for Today’s Intraday Trade – April 11, 2025
Overview of Intraday Stock Picks
Intraday trading can be lucrative if backed by appropriate research and timing. April , 2025, presents many trading opportunities based on early market trends, technical analysis, and global cues. This blog outlines some chosen stocks for intraday traders to follow with associated levels, indicators, and trading strategies.
Top Intraday Stock Picks: Best Stocks for Intraday Trading Today You Should Watch
1. Sun Pharma
Sun Pharma has announced the acquisition of U.S.-based Checkpoint Therapeutics for $355 million. This move strengthens its oncology portfolio by adding UNLOXCYT, an FDA-approved treatment for advanced skin cancer.
Motilal Oswal has maintained a ‘Buy’ rating on Sun Pharma, citing the Checkpoint acquisition as a significant growth driver. The brokerage set a target price of ₹1,970, indicating a 22% upside potential.
2. Cipla
Kotak Institutional Equities upgraded Cipla to ‘Buy’, highlighting attractive valuations, upcoming U.S. launches, expected domestic recovery, and strong growth in South Korea. The firm set a target price of ₹1,725, suggesting a 19% upside.
Cipla’s Q3 FY25 net profit rose 49% year-on-year to ₹1,574.6 crore, exceeding expectations. This was driven by a 10% increase in domestic revenue, particularly in respiratory and urology treatments.
3. Dr. Reddy’s Laboratories
Nomura upgraded Dr. Reddy’s to ‘Buy’ from ‘Neutral’, setting a target price of ₹1,500. The brokerage cited favorable risk-reward dynamics and the company’s strategic investments in emerging markets and high-growth therapeutic areas.
Following the U.S. exemption of Indian pharmaceutical products from new tariffs, Dr. Reddy’s shares rose 6%, reflecting investor confidence in the company’s export prospects.
4. ChamblFert
The introduction of two new products in the crop protection segment has expanded the company’s offerings to 64 products across 13 states.
In Q3 FY2024-25, the company reported a 16% growth in EBITDA and a 25% increase in profit after tax compared to the previous year.
5. EXIDEIND
The company has maintained healthy track record, better than it’s peer average. Which indicates comapany is gaining market share in the industry.
Revenue Growth: Exide Industries reported a 4% year-over-year increase in revenue, with total income reaching ₹4,490.25 crore in Q2 FY24-25.
Market Summary: Best Stocks for Intraday Trading Today
Intraday trading, also known as day trading, involves buying and selling financial instruments within the same trading day. This style of trading focuses on capitalizing on small price movements in liquid securities, offering opportunities for traders who are looking to benefit from market volatility and short-term trends.
What is Intraday Trading?
Intraday trading means entering and exiting trades on the same day before the market closes. Unlike positional trading, where investments are held for days, weeks, or even months, intraday trades are not carried forward overnight. The goal is to profit from price fluctuations that occur throughout the trading session.
How Intraday Trading Works
Traders analyze price charts, volume trends, technical indicators, and market sentiment to identify entry and exit points.
Key Characteristics of Intraday Trading
High Liquidity: Instruments that are frequently traded allow for easier entry and exit.
Volatility: Price movement is essential for generating returns in a short time frame.
Risk Management: Intraday traders often use stop-loss and target orders to manage risk.
Leverage: Many traders use margin facilities to increase their exposure, although this also increases risk.
Key Technical Indicators Supporting the Intraday Trading Today
01.
Relative Strength Index (RSI)
The RSI is a momentum oscillator that measures the speed and change of price movements on a scale of 0 to 100. Typically, an RSI above 70 indicates overbought conditions, while an RSI below 30 suggests oversold conditions. Traders use RSI to identify potential reversal points and to gauge the strength of a trend.
02.
Moving Averages and MACD
Moving averages smooth out price data to identify trends over specific periods. Short-term moving averages, like the 5, 8, and 13-period SMAs, are particularly useful for intraday trading. The MACD, which calculates the difference between short-term and long-term EMAs, helps traders identify trend reversals and momentum shifts.
03.
Bollinger Bands
Bollinger Bands consist of a middle band (usually a 20-period SMA) and two outer bands set at standard deviations above and below the middle band. These bands expand and contract based on market volatility. When the price touches the upper band, it may indicate overbought conditions; touching the lower band may suggest oversold conditions.
04.
Average True Range (ATR)
ATR measures market volatility by calculating the average range of price movements over a specified period. A higher ATR indicates increased volatility, which can help traders set appropriate stop-loss levels and position sizes.
Trading Psychology: Navigating Intraday Trading with Confidence
Intraday trading is not just a test of strategy and technical skills — it’s a mental game. The fast-paced nature of the market, rapid decision-making, and the emotional highs and lows can challenge even the most experienced traders. This is where trading psychology becomes a vital tool for success.
Understanding Trading Psychology
Trading psychology refers to the mindset and emotional discipline a trader must maintain while executing trades. It involves controlling fear, greed, hope, and regret — emotions that often cloud judgment and lead to impulsive decisions. In intraday trading, where price action changes within seconds and decisions must be made quickly, the mental game can make or break performance.
Building a Strong Psychological Foundation
Stick to a Trading Plan
A well-defined plan includes your entry, stop-loss, target, and risk-reward ratio. Following it religiously removes emotional decision-making.
Accept Losses as Part of the Game
No trader wins all the time. Managing losses with grace and learning from them builds long-term discipline.
Control Position Sizing
Risking too much on a single trade increases emotional pressure. Using appropriate lot sizes helps stay objective during drawdowns.
Set Realistic Goals
Don’t aim to “beat the market” every day. Focus on consistent performance rather than daily wins.
Use Breaks and Timeouts
Stepping away from the screen after a trade — win or lose — helps reset your mind. Mental clarity often leads to better decisions.
Common Emotional Challenges in Intraday Trading
Fear of Missing Out (FOMO)
Jumping into trades without analysis just because a price is moving rapidly can lead to losses. FOMO causes traders to act impulsively, ignoring strategy.
Revenge Trading
After a loss, some traders rush into new trades to recover quickly. This often leads to even bigger losses.
Overconfidence After a Win
A successful trade can make a trader feel invincible, prompting unnecessary risk-taking. Consistency is a key, not chasing after euphoria.
Paralysis by Analysis
Overthinking or second-guessing strategies can cause missed opportunities. Trusting your preparation and indicators is crucial.
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