Best Intraday Stocks for Today: Analysts Suggest Top Picks to Watch on 6 May

May 6, 2026
Posted by: Ankit Jaiswal
Category: Market

Traders looking for intraday stocks for today are entering Wednesday’s session with a cautious optimism backdrop. Yesterday’s close saw the Nifty 50 slip below the 24,000 mark to settle near 23,944 as Iran’s missile and drone attacks on the UAE port city of Fujairah pushed Brent crude above Rs 114 per barrel and sent the rupee to a fresh all-time low of Rs 95.43. However, Gift Nifty is pointing to a recovery opening near 24,062, a constructive setup for intraday stocks for today, with strong Q4 FY26 earnings post-market yesterday expected to generate sharp stock-specific moves in intraday stocks for today’s session.

According to Univest research analysts Ankit Jaiswal and Kunal Singla, the broader market outlook remains range-bound between 23,800 and 24,300 amid elevated India VIX and geopolitical uncertainty. Based on technical indicators and yesterday’s post-market earnings data, they have highlighted a few intraday stocks for today that traders may consider watching in today’s session. The Q4 FY26 earnings season is delivering strong stock-specific catalysts even as index-level direction remains hostage to crude oil movements and Iran-UAE conflict developments.

For today’s trading session, analysts suggest watching these intraday stocks for today: Mahindra and Mahindra (M&M), Marico, and Coforge.

Table of Contents

Below is the Overview of Intraday Stocks for Today:

The three intraday stocks for today are selected across auto, FMCG, and IT sectors for maximum diversification as intraday stocks for today. Jaiswal and Singla note that intraday stocks for today driven by Q4 results are the cleanest setups. They have highlighted that Q4 results-driven stocks are the best hunting ground on days when index movement is constrained by macro noise. Mahindra and Mahindra, Marico, and Coforge all reported Q4 FY26 results on May 5 after market hours, with earnings significantly ahead of or in line with street expectations. Stock-specific volume spikes on catalyst-driven news are typically the cleanest intraday setups, as fundamentals and technicals both align.

Mahindra and Mahindra (M&M) Share

Share Price Target: Rs 3,220 to Rs 3,280

Market Capitalisation: Approximately Rs 3.88 lakh crore

Stop Loss: Rs 3,085

Mahindra and Mahindra reported a 53.34 percent jump in standalone profit after tax to Rs 3,737 crore in Q4 FY26, against Rs 2,437 crore in Q4 FY25. Revenue from operations surged 26 percent to Rs 39,554 crore. The board recommended a final dividend of Rs 33 per share with a face value of Rs 5 for FY26 with a record date of July 3. M&M’s results significantly beat street expectations, driven by strong domestic SUV volumes, pricing power, and robust spare parts business performance. The company’s SUV order book remains healthy and the EV segment under the BE 6e and XEV 9e platforms is building incremental contribution from Q1 FY27.

Ankit Jaiswal, Senior Research Analyst at Univest, has asked traders to watch Mahindra and Mahindra closely in today’s session, noting that the stock formed a strong volume candle on its intraday run to Rs 3,211 on May 5 and a result-driven gap-up at the open could set up an intraday long from the Rs 3,150 to Rs 3,180 entry zone. Jaiswal adds that M&M’s 50-day moving average near Rs 3,000 provides structural support and the dividend announcement creates floor buying from yield-seeking long-term investors. Watch the Rs 3,280 level as today’s key resistance for profit booking.

Marico Share

Share Price Target: Rs 820 to Rs 840

Market Capitalisation: Approximately Rs 1.02 lakh crore

Stop Loss: Rs 772

Marico reported consolidated net profit of Rs 391 crore in Q4 FY26, up 14 percent year on year from Rs 343 crore in Q4 FY25. Revenue from operations grew 22 percent year on year to Rs 3,333 crore, well ahead of street estimates. The FMCG company’s management cited sequential recovery in domestic FMCG demand and highlighted strong performance across the Hair Oils and Value-Added Hair Oils categories. The board announced a 30 percent increase in final dividend, signalling confidence in FY27 cash flow generation. Marico’s international business also showed resilience despite the Iran-UAE conflict impact on Middle East operations.

Kunal Singla, Associate Director at Univest, points out that Marico has been on the watchlist given its defensive FMCG characteristics and consistent Q4 earnings delivery ahead of a session where global macro noise is elevated. Singla notes that the stock’s relative strength versus the Nifty has been impressive in May, and a break above yesterday’s closing level of Rs 800 with volume above the 10-day average of approximately 18 lakh shares would confirm intraday momentum toward the Rs 820 to Rs 840 band. The Rs 772 stop loss aligns with the 20-day exponential moving average, providing a technically defined risk parameter.

Coforge Share

Share Price Target: Rs 8,600 to Rs 8,800

Market Capitalisation: Approximately Rs 55,000 crore

Stop Loss: Rs 8,050

Coforge, one of the top intraday stocks for today, reported a 144.80 percent quarter-on-quarter surge in consolidated net profit to Rs 612 crore in Q4 FY26, from Rs 250 crore in Q3 FY26. Revenue from operations grew 5.16 percent sequentially to Rs 4,450 crore. EBITDA rose 20.99 percent quarter on quarter to Rs 876 crore, with EBITDA margins expanding sharply. The Q4 performance was driven by strong large deal executions and revenue conversion from the deal pipeline. FY26 total contract value from large deal bookings crossed Rs 850 million in USD terms. The sequential PAT jump of 144.80 percent is the kind of outlier earnings print that generates aggressive institutional buying at the open in today’s session. Coforge is among the intraday stocks for today that could see sharp gap-up and strong morning momentum.

Ankit Jaiswal, Senior Research Analyst at Univest, flagged Coforge as a key intraday stock for today, noting that a 144.80 percent QoQ PAT surge is a category-1 earnings catalyst that typically triggers significant buying from momentum funds and retail traders in the first 30 to 60 minutes of trade. Jaiswal suggests watching for a confirmed gap-up above Rs 8,300 at the open with volume in the opening 15-minute candle exceeding three times the average as a trigger for intraday long entry. The Rs 8,050 stop aligns with the prior support zone, and the Rs 8,600 to Rs 8,800 target range reflects a 2 to 2.5 sigma extension from the gap-up level.

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Global Cues Shaping Intraday Stocks for Today

Gift Nifty signals recovery at 24,062: Gift Nifty is pointing to a gap-up opening of approximately 100 to 120 points versus yesterday’s Nifty close of 23,944, suggesting early buying interest in these intraday stocks for today from global participants who have positioned overnight.
Crude oil remains elevated but off highs: Brent crude climbed above Rs 114 yesterday on Iran’s attack on UAE’s Fujairah port but is now showing early signs of stabilisation below Rs 112 per barrel. Any further crude retreat below Rs 110 would be a meaningful relief catalyst for auto, aviation, and FMCG intraday stocks today.
US markets mixed, Asia cautious: NASDAQ closed at 25,067 (-0.19 percent) and S&P 500 held at 7,200 as intraday stocks for today benefit from a mixed-but-stable global cue. Asian markets show cautious trading pending Iran-UAE conflict developments.

Impact on the Indian Stock Market

Q4 earnings season driving stock-specific moves: The ongoing Q4 FY26 results season is the dominant factor for selecting intraday stocks for today. Results from M&M, Marico, and Coforge create clearly defined catalyst events that make these the strongest intraday stocks for today in their respective sectors.
Mid and small-cap resilience: Despite Nifty 50 dipping below 24,000 yesterday, Nifty MidCap 100 rose 0.15 percent and SmallCap 100 advanced 0.08 percent, confirming that intraday stocks for today in the mid and small-cap space can outperform the index on strong Q4 catalysts.
FII selling and DII support: FII outflows (MTD Rs 70,000 crore net selling) and DII support (Rs 51,000 crore buying) create a range-bound index that makes results-driven intraday stocks for today the best strategy. Earnings catalysts allow intraday stocks for today to decouple from the index direction.

Intraday Trading Strategy for Today

Use Strict Stop Loss: Honor the stated stop-loss levels for these intraday stocks for today without exception. M&M SL Rs 3,085, Marico SL Rs 772, Coforge SL Rs 8,050. In a volatile session, intraday stocks for today can gap beyond expected levels without strict discipline.
Manage Position Size: With India VIX elevated above 18, reduce position size to 50 to 60 percent of standard for all intraday stocks for today. Higher volatility means wider swings in intraday stocks for today, and smaller positions preserve staying power through initial morning noise.
Monitor Global News: Monitor for fresh Iran-UAE escalation or crude above Rs 115 as an immediate exit signal for all intraday stocks for today. Macro shocks can override any Q4 earnings catalyst in intraday stocks for today on a day with elevated geopolitical risk.
Liquidity Focus: All three intraday stocks for today have high liquidity and tight spreads. Stick to intraday stocks for today where F&O OI confirms long buildup. Avoid thinly traded names when VIX is elevated as exit costs spike sharply.

How to Choose the Best Intraday Stocks for Today

Selecting intraday stocks for today requires a clear process rather than relying on tips or gut instinct. The best intraday stocks for today share three characteristics: a confirmed catalyst (earnings result, order win, FII block, or sector rotation), a technically defined entry with volume confirmation, and a calculable risk-reward of at least 1:2 before committing capital.

Ankit Jaiswal, Senior Research Analyst at Univest, recommends traders shortlist intraday stocks for today by screening the previous evening’s post-market data for Q4 earnings beats with PAT surprise above 10 percent. He notes that stocks reporting earnings beats in the FMCG, Auto, and IT sectors consistently produce the cleanest intraday setups because institutional buying at the open creates a definable momentum window between 9:15 AM and 10:30 AM IST. Jaiswal suggests entering only after the first 15-minute candle closes with volume confirmation rather than buying the gap-up open blindly.

Kunal Singla, Associate Director at Univest, adds that traders should cross-verify intraday stocks for today against F&O data: rising open interest in futures with a price rise confirms institutional long buildup, while falling OI with price rise signals short-covering that may be less sustainable. For options players, buying call spreads rather than naked calls on high-IV sessions containing these intraday stocks for today helps limit the cost of elevated implied volatility. Volume relative to the 10-day average is the single most important confirmation signal for any intraday stocks for today setup on a high-VIX day.

Track live intraday screeners, F&O data, and volume spikes for intraday stocks for today on the Univest Screener.

Risks of Intraday Trading

Gap-up fade risk: Strong Q4 results create gap-up opens in intraday stocks for today that can fade quickly on fresh Iran-UAE headlines. Never buy intraday stocks for today at the gap-up peak: wait for 15-minute volume confirmation before entry.
Elevated VIX: India VIX above 18 makes intraday stocks for today swing 2 to 3 percent wider than on normal sessions. Options premiums on intraday stocks for today are expensive, making directional speculation costlier than in a low-VIX environment.
Geopolitical binary: A fresh Iran-UAE escalation can cause a market-wide selloff that overrides Q4 earnings catalysts in intraday stocks for today. Global news risk is the dominant override for all intraday stocks for today on 6 May 2026.
Liquidity gaps in mid-caps: Coforge among the intraday stocks for today can see thin order books during volatility spikes. Large orders in intraday stocks for today like Coforge move price against the trader during exit, size positions accordingly.

Conclusion

Today’s intraday session offers three high-conviction intraday stocks for today driven by strong Q4 FY26 earnings catalysts. Mahindra and Mahindra’s 53 percent PAT jump, Marico’s 14 percent profit growth with a 30 percent dividend increase, and Coforge’s exceptional 144.80 percent QoQ PAT surge represent the best intraday stocks for today for traders looking for defined catalyst-driven intraday stocks for today setups. These intraday stocks for today offer the combination of fundamental strength and technical momentum that produces clean intraday opportunities. Ankit Jaiswal and Kunal Singla of Univest Research have highlighted these names on their watchlist for today’s session, with traders advised to wait for volume confirmation before entering. Use defined stop losses, respect the geopolitical backdrop, and trade only what your risk capital allows.

FAQs

What are intraday stocks for today?

Ans. Intraday stocks for today are stocks selected for buying and selling within the same trading session, typically identified based on earnings catalysts, technical setups, volume spikes, or sector momentum. The goal is to profit from short-term price movements without holding overnight risk. On 6 May 2026, intraday stocks for today include M&M, Marico, and Coforge based on strong Q4 FY26 results.

Which intraday stocks for today should traders watch as per analyst recommendation?

Ans. According to Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, the intraday stocks for today to watch on 6 May 2026 are Mahindra and Mahindra (target Rs 3,220 to Rs 3,280, SL Rs 3,085), Marico (target Rs 820 to Rs 840, SL Rs 772), and Coforge (target Rs 8,600 to Rs 8,800, SL Rs 8,050). All three have Q4 FY26 earnings beats as catalysts.

What factors should traders consider before choosing intraday stocks for today?

Ans. Before choosing intraday stocks for today, traders should evaluate these intraday stocks for today criteria: earnings catalyst strength (PAT surprise percentage), volume relative to the 10-day average, F&O open interest direction, India VIX level for position sizing, and key support and resistance levels. Today, with India VIX elevated and crude above Rs 112, global news monitoring is especially critical for all intraday stocks for today.

How can investors identify the top intraday stocks for today to buy?

Ans. The top intraday stocks for today to buy are the clearest intraday stocks for today: identified by screening for stocks with earnings beats released the previous evening, volume breakouts above the 10-day average at the open, and confirmed technical setup with clear stop loss and target. The Univest Screener and live F&O data are useful tools for identifying the best intraday stocks for today in real time.

Why do traders prefer high volatility stocks for intraday trading?

Ans. Traders prefer high volatility intraday stocks for today because larger price swings among intraday stocks for today within a session create more profit opportunity for nimble traders who can identify direction correctly. On days with elevated India VIX like today, high volatility stocks in the intraday stocks for today list offer wider profit ranges, but equally require tighter discipline around stop loss levels to manage downside risk.

Disclaimer: This article is for educational and informational purposes only and does not constitute investment advice. Intraday trading involves significant risk of capital loss. Investments in the securities market are subject to market risk. Please read all related documents before investing. Consult a SEBI-registered financial advisor before making any investment decisions.

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Author: Ankit Jaiswal

Ankit Jaiswal is the Senior Research Analyst at Univest, leading the platform's in-house equity research desk and serving as the editorial reviewer for all research and blog content published at univest.in. With 11+ years of experience in Indian equity markets, he oversees stock recommendations, earnings analysis, sector coverage, and ensures every published article meets SEBI Research Analyst Regulations. He holds a Bachelor of Commerce (B.Com) from St. Xavier's College, Kolkata — one of India's most prestigious commerce institutions — and has cleared CMT Level 2 from the CMT Association, a globally recognised certification in technical analysis and market research. His research methodology combines fundamental analysis (earnings quality, balance sheet strength, management commentary) with advanced technical analysis (chart patterns, momentum indicators, market structure) — giving Univest's retail investors a dual-lens approach that most Indian research platforms lack. Ankit is among the most comprehensively certified analysts in Indian financial media, holding five NISM certifications: Series-XV (Research Analyst), Series-VIII (Equity Derivatives), Series-VII (SORM), Series-VI (Depository Operations), and Series-V-A (Mutual Fund Distributors). At Univest — India's SEBI-registered research and advisory platform — Ankit's responsibilities include leading the research team, finalising stock recommendations published across Pro Lite, Pro Super, and Pro Gold advisory services, and maintaining editorial oversight of all YMYL financial content published on the blog.