Best Intraday Stocks for Today: Analyst Picks for 4 May 2026

Today’s intraday stocks for today on 4 May 2026 open against the most positive global backdrop Indian equity markets have seen in several weeks. The US S&P 500 closed at a record 7,230.12 and the Nasdaq hit an all-time high of 25,114.44 on Friday 2 May, driven by Apple’s fiscal Q2 earnings beat. Brent crude eased to $108.17 per barrel after Iran sent a peace proposal through Pakistani mediators, relieving one of the key macro overhangs on Indian markets. The Nifty 50 last closed at 23,997.55 on 30 April, and the Gift Nifty was signalling a 0.97 per cent gap-up open into today’s session near 24,200. India VIX settled in the 17 to 18 range, indicating contained volatility and a constructive environment for directional intraday stocks for today. Today’s picks are Bajaj Auto, ICICI Bank, and HCL Technologies each selected for specific catalyst alignment with today’s session, not on generic momentum alone.

Univest research analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director at Univest, have flagged today’s intraday stocks for today after a full review of the April 30 post-close data, weekend geopolitical developments, and the global market picture accumulated over the three-day extended break. Their selection of intraday stocks for today is grounded in technical chart structure, volume signals, and individual stock catalysts. Traders reading today’s intraday stocks for today should apply every entry confirmation and stop loss stated below without exception, especially in a gap-up opening environment where early reversals can be sharp.

Market Context for Today’s Intraday Stocks

Before examining each of today’s intraday stocks for today, traders must understand the session framework. Indian markets are reopening after a three-day break covering Maharashtra Day on 1 May and the weekend. This means all accumulated global cues (the US record close, the Brent crude decline, and Iran’s peace proposal) are being priced in simultaneously on Monday morning, making today’s opening 30 minutes exceptionally volatile. The April month delivered a 5.81 per cent Nifty gain, and FII net selling for April totalled approximately Rs 59,619 crore, a structural headwind that the gap-up open will partially offset but not erase. These two forces (positive global cues and sustained FII selling) define the risk envelope for all intraday stocks for today. Track live sector data on the Univest Screener before the session opens.

Stock 1 for Today’s Intraday Trading: Bajaj Auto (NSE: BAJAJ_AUTO)

Bajaj Auto is the strongest of today’s three intraday stocks for today, backed by two live catalysts that are specific and time-sensitive. First, Bajaj Auto’s board is scheduled to consider an equity share buyback proposal on 6 May 2026. Pre-announcement buying the session before a buyback decision is a well-documented intraday pattern in Indian markets, and this catalyst alone makes Bajaj Auto a standout among intraday stocks for today. Second, the Nifty Auto index climbed 2.69 per cent on 29 April on the back of Maruti Suzuki’s strong Q4 result and favourable management guidance. Bajaj Auto participated in that rally, and today’s gap-up broadens the sector tailwind. At Rs 9,994, Bajaj Auto is just Rs 193 below its 52-week high of Rs 10,187, a proximity that makes a breakout attempt a realistic intraday target in today’s positive open. The technical buy signal across indicators on Investing.com is rated Strong Buy, the clearest signal available among all three

intraday stocks for today. Bajaj Auto’s Q4 FY26 result delivered an EPS of Rs 91.30 against the estimate of Rs 88.73, a 2.9 per cent positive surprise, removing any earnings-related overhang and providing a clean fundamental floor for today’s intraday trade.

Ankit Jaiswal, Senior Research Analyst at Univest, has flagged Bajaj Auto as the highest-conviction intraday stock for today in this session. He notes that the stock’s proximity to its 52-week high creates a breakout setup that is amplified on a gap-up day, as the overhead supply that typically guards near-52W-high levels is reduced when the broader market opens with positive momentum. Jaiswal has asked traders to watch the Rs 10,050 level as the intraday confirmation zone: a move above Rs 10,050 in the first 30 minutes with above-average volume confirms the intraday long for today’s intraday stocks for today. He sets the intraday target at Rs 10,120 and the stop loss at Rs 9,820, below the prior session’s low, ensuring the trade is structured and not based on gap-up optimism alone.

Intraday Strategy: Enter Bajaj Auto on a confirmed move above Rs 10,050 in the first 30 minutes with above-average volume. Target: Rs 10,120. Stop Loss: Rs 9,820. Risk-reward: approximately 1:1.2. Exit before 2:30 PM to avoid end-of-session unwinding.

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Stock 2 for Today’s Intraday Trading: ICICI Bank (NSE: ICICIBANK)

ICICI Bank is today’s private banking intraday stock for today, selected over HDFC Bank for a specific reason: ICICI Bank’s Q4 FY26 earnings delivered a 10.1 per cent YoY increase in PAT with an EPS of Rs 20.62 versus the estimate of Rs 18.08, a 5.67 per cent positive surprise that the market initially reacted well to. At Rs 1,269.10 on April 30, the stock is at the lower end of a well-defined range, with key support at Rs 1,248 and the 52-week low of Rs 1,187.60 providing a meaningful floor. This range positioning makes ICICI Bank one of the intraday stocks for today with the clearest risk-reward: the downside to the stop at Rs 1,245 is Rs 24.10, while the upside to the target at Rs 1,310 is Rs 40.90. A gap-up day on positive US financial sector strength is the ideal trigger for ICICI Bank as an intraday stock for today, as the first-session reaction to accumulated global cues tends to be stronger in higher-beta banking stocks than in FMCG or IT defensives.

One important caveat for ICICI Bank in today’s intraday stocks for today: the stock has been in a declining trend from Rs 1,362 on 20 April to Rs 1,269 on 30 April, a fall of approximately 6.8 per cent in 10 trading sessions. This means today’s gap-up open is a counter-trend bounce trade, not a trend-following trade. Kunal Singla, Associate Director at Univest, has flagged ICICI Bank as a watchlist candidate for today’s intraday stocks for today only if the opening gap holds above Rs 1,275 in the first 30 minutes. He notes that a gap-up open below Rs 1,275 without sustained buying would be a signal to skip ICICI Bank entirely in today’s session, and traders should not force an entry in a counter-trend setup just because global cues are positive.

Intraday Strategy: Enter ICICI Bank only if the stock opens above Rs 1,275 AND holds that level for the first 30 minutes. Target: Rs 1,310. Stop Loss: Rs 1,245 on a 15-minute close basis. This is a conditional entry among today’s intraday stocks for today Skip it if the gap-up fails to sustain.

Stock 3 for Today’s Intraday Trading: HCL Technologies (NSE: HCLTECH)

HCL Technologies is today’s IT sector intraday stock for today, and it carries the most specific caveat of all three intraday stocks for today: this is a gap-up momentum play, not a trend-following trade. HCL Tech is trading near its 52-week low of Rs 1,184.00, and technical indicators on multiple platforms show a Strong Sell signal on all daily and weekly timeframes. Under normal circumstances, this stock would not qualify among intraday stocks for today. However, today is not a normal session. The Nasdaq reaching an all-time high of 25,114.44 on Friday 2 May, driven by US tech earnings and AI optimism, creates a direct sectoral tailwind that overrides daily technical signals for a single intraday session. HCL Tech, specifically, has expanded its strategic partnership with CrowdStrike to launch a Continuous Threat Detection service, a concrete AI-security catalyst that adds fundamental grounding to today’s IT sector bounce.

Kunal Singla, Associate Director at Univest, has asked traders to watch HCL Technologies strictly as a momentum play in today’s intraday stocks for today, with no overnight holding under any scenario. He notes that the 52-week low at Rs 1,184 acts as both the technical support and the reference for the stop at Rs 1,170, placed below that support. Singla observes that in a gap-up IT session, HCL Tech has historically outperformed peers when the gap-up takes it above its recent closing resistance of Rs 1,215 to Rs 1,220. A confirmed move above Rs 1,215 in the first 30 minutes is the entry trigger for this intraday stock for today. If the gap-up closes below Rs 1,210 within the first 30 minutes, Singla has clearly asked traders to skip HCL Tech among today’s intraday stocks for today and focus only on Bajaj Auto, which carries no such conditionality.

Intraday Strategy: Enter HCL Tech only on a confirmed move above Rs 1,215 in the first 30 minutes with volume above the 10-day average. Target: Rs 1,238. Stop Loss: Rs 1,170. Gap-up play only, no overnight position. Highest-risk pick of today’s intraday stocks for today.

Intraday Stock Strategy for Today’s Session, 4 May 2026

The following four rules apply to all three of today’s intraday stocks for today without exception. A disciplined approach to these rules is what separates traders who consistently benefit from intraday stocks for today selections from those who let gaps and emotions make their decisions.

• Rule 1: Never enter before the 30-minute opening candle forms. All three of today’s intraday stocks for today are gap-up plays. Gap-up opens frequently attract heavy selling in the first 10 to 15 minutes as traders who are already long from prior sessions book profits. Wait for the full 30-minute candle to close before assessing whether the gap-up is sustaining or fading.
• Rule 2: Volume confirmation is non-negotiable. Today’s intraday stocks for today should only be entered when the stock’s volume in the first 30 minutes exceeds its 10-day average. Low-volume gap-ups frequently reverse by 11:30 AM. Volume confirmation separates institutional participation from retail-only gap-up fakeouts.
• Rule 3: Hard stop losses, no exceptions. The stop losses for today’s intraday stocks for today are Rs 9,820 for Bajaj Auto, Rs 1,245 for ICICI Bank, and Rs 1,170 for HCL Tech. These are not guidelines; they are exits. India VIX at 17 to 18 means unexpected headline risk is real. A single geopolitical news item on the Iran ceasefire can wipe out gains in minutes.
• Rule 4: Exit all positions by 2:30 PM. Today’s intraday stocks for today are not positional holds. The last 30 to 45 minutes of Monday’s session on a gap-up day typically see elevated selling as intraday traders square off. Set a hard 2:30 PM exit for all three today’s stocks regardless of whether the target is hit.

What Market Sentiment Tells Us About Today’s Intraday Stocks

The broader sentiment structure supports all three of today’s intraday stocks for today across multiple dimensions. India VIX at 17 to 18 is the clearest quantitative signal: it implies the market expects a daily Nifty move of approximately 0.7 to 0.9 per cent in either direction, wide enough for today’s intraday picks to reach their targets, but not so wide that tail risk makes entries inadvisable. When VIX is above 25, intraday stocks carry excessive gap-down risk from short-term shocks. At 17 to 18, today’s session is in the ideal volatility band for structured intraday stocks for today.

Ankit Jaiswal, Senior Research Analyst at Univest, notes that the Nifty Put-Call Ratio has normalised to 0.85 to 0.90 from the extreme low of 0.70 to 0.75 seen in late April, a meaningful improvement in options market positioning for today’s intraday stocks for today. A PCR above 0.85 indicates balanced institutional hedging rather than directional fear, reducing the tail probability of a sharp single-session decline that would invalidate today’s intraday setups. Jaiswal adds that short-covering of bearish positions built in the final sessions of April will provide an additional intraday tailwind to all three intraday stocks for today, particularly in the first 45 minutes when short-covering tends to be most concentrated.

Kunal Singla, Associate Director at Univest, observes that FII flow dynamics are the one persistent risk within today’s intraday stocks for today. April’s Rs 59,619 crore in FII net selling is a structural headwind that will not reverse in a single session. However, Singla notes that the combination of a stabilising Rupee near Rs 93.50 to Rs 94.00 and Brent crude at $108, which is 6 per cent below the midweek Rs 114 intraday high, reduces the FII exit incentive on Monday. He adds that even partial FII buying in the opening session would provide a strong additional tailwind to Bajaj Auto specifically, where FII holdings in the auto sector have seen less sustained selling than in banking or IT, making it the most defensible of today’s three intraday stocks for today.

Risks to Watch Before Trading Today’s Intraday Stocks

• Gap-up fade within 30 minutes: The single biggest risk to all of today’s intraday stocks for today is a gap-up open that immediately reverses. If Nifty opens near 24,200 and falls back to 24,000 within the first 30 minutes, none of the three intraday picks should be entered. Respect the confirmation rules.
• Crude oil reversal on Iran news: Friday’s Brent crude decline to $108 was driven by hope, not a confirmed ceasefire. Any statement from the Trump administration or Iranian officials over the weekend rejecting the peace proposal could push Brent back to $112 to $114 on Monday morning, reversing one of the key positive inputs to today’s intraday stocks.
• HCL Tech below 52-week low: If HCL Tech gaps up and then falls through its 52-week low of Rs 1,184 in today’s session, the technical picture turns sharply negative and the stop at Rs 1,170 must be respected without hesitation. Do not rationalise holding below the stop on any of today’s intraday stocks for today.
• Bajaj Auto buyback speculation selling: Buyback announcements on May 6 can occasionally attract profit-booking on the day before the announcement as traders who bought in anticipation exit into the event. If Bajaj Auto hits the target of Rs 10,120 in the first hour of today’s intraday session, consider booking profit early rather than waiting for the 2:30 PM exit.

Conclusion: Best Intraday Stocks for Today, 4 May 2026

Today’s best intraday stocks for today are Bajaj Auto, ICICI Bank, and HCL Technologies. Each pick is supported by a specific and verifiable catalyst: Bajaj Auto’s buyback consideration on 6 May and Strong Buy technical rating, ICICI Bank’s Q4 FY26 earnings beat with a 5.67 per cent EPS surprise and private banking gap-up leverage, and HCL Tech’s direct alignment with the Nasdaq all-time high and its CrowdStrike partnership catalyst. All three intraday stocks for today come with defined entry confirmations, strict stops, and a 2:30 PM exit discipline that is non-negotiable. The previous version of this article included HUL and HDFC Bank. Both have been replaced: HUL because its April 30 result-day stock reaction was a textbook sell-on-news event with the stock falling 3 to 4 per cent despite strong headline numbers, and HDFC Bank because its sustained downtrend from Rs 1,020 to Rs 771 provides inadequate technical backing for an intraday long in even a positive session.

Ankit Jaiswal, Senior Research Analyst at Univest, names Bajaj Auto as his highest-conviction pick among today’s intraday stocks for today, with the buyback catalyst and 52-week high proximity providing a rare combination of fundamental and technical strength on the same day. Kunal Singla, Associate Director at Univest, names the conditional nature of ICICI Bank and HCL Tech as the most important point: both should be skipped if their opening gap confirmations fail, with Bajaj Auto as the one unconditional intraday stock for today for traders who want a single best pick for Monday. Trade with discipline. Respect your stops.

Disclaimer: The information in this article is for educational and informational purposes only and does not constitute investment advice or a recommendation to buy or sell any security. Univest analysts are SEBI-registered research analysts (SEBI RA: INH000012449). Intraday trading involves significant risk of loss. Past performance is not indicative of future results. Consult a SEBI-registered financial advisor before making any investment decisions.

FAQs: Intraday Stocks for Today, 4 May 2026

Q1. What are the best intraday stocks for today on 4 May 2026?

Ans. The best intraday stocks for today on 4 May 2026 are: Bajaj Auto (target Rs 10,120, stop Rs 9,820), ICICI Bank (target Rs 1,310, stop Rs 1,245, conditional on gap-up confirmation), and HCL Technologies (target Rs 1,238, stop Rs 1,170, conditional on gap-up confirmation). These intraday stocks for today are selected based on the Nifty gap-up open near 24,200, the US Nasdaq all-time high at 25,114.44, Brent crude falling to $108, Bajaj Auto’s buyback catalyst on 6 May, and ICICI Bank’s Q4 FY26 earnings beat.

Q2. How were these intraday stocks for today selected?

Ans. Today’s intraday stocks for today were selected after rejecting two prior picks: HUL and HDFC Bank, on specific data-driven grounds. HUL fell 3 to 4 per cent on its own result day on 30 April despite strong earnings, a sell-on-news pattern that disqualifies it as an intraday stock for today. HDFC Bank has been in a sustained downtrend from Rs 1,020 to Rs 771 over 52 weeks, providing insufficient technical backing. The replacements, Bajaj Auto and ICICI Bank, carry stronger specific catalysts for today’s intraday session.

Q3. What is the Nifty prediction for today’s intraday session?

Ans. Ankit Jaiswal, Senior Research Analyst at Univest, and Kunal Singla, Associate Director at Univest, both hold a cautiously bullish view for today’s intraday session, with a Nifty gap-up open expected near 24,200, resistance at 24,350, and the critical support for all intraday stocks for today at the Nifty 23,900 level. A Nifty gap-up that holds above 24,100 in the first 30 minutes is the index-level confirmation signal for proceeding with today’s three intraday stocks.

Q4. What are the risks in today’s intraday stocks for today?

Ans. The primary risks to today’s intraday stocks for today are: a gap-up open that fades within 30 minutes, reversing the positive thesis; a crude oil spike back above $112 if Iran rejects the peace proposal over the weekend; HCL Tech breaking its 52-week low of Rs 1,184 despite the gap-up, which would trigger the Rs 1,170 stop; and FII selling continuing at higher levels despite positive US cues, capping the rally at the 24,200 to 24,350 Nifty resistance zone.

Q5. Are intraday stocks for today always accurate?

Ans. No. Intraday stocks for today are structured probability assessments based on the best data available on Sunday evening. These intraday stocks for today carry a cautiously bullish bias, but a single geopolitical headline such as a US-Iran ceasefire breakdown overnight, could invalidate the entire setup within the first 15 minutes of Monday trading. Always treat intraday stocks for today as a risk management framework, combine them with real-time monitoring, and respect all stop losses as defined for each stock.

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