Intraday Stocks for Today: Mahindra and Mahindra, Jio Financial Services and Coal India, Analyst Top Picks for 3 August 2026

The intraday stocks for today, 3 August 2026, are drawn from Friday's clearest single session setups: a breakout in auto major Mahindra and Mahindra, a momentum extension in Jio Financial Services, and an oversold bounce candidate in Coal India. Each carries a defined entry zone, target and stop loss for today's trade, built off Friday's closing prices since markets stayed shut over the weekend.

Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, selected these intraday stocks for today using Friday's closing data, momentum readings and options positioning. Ankit Jaiswal covers the technical setups on Mahindra and Mahindra and Jio Financial Services, while Kunal Singla tracks the oversold bounce case building in Coal India.

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What Are Intraday Stocks for Today?

Intraday stocks for today are shares identified for a single trading session, bought and sold before the market closes rather than held overnight. The selection typically leans on the previous session's price action, volume, momentum indicators such as RSI, and any sector or stock specific trigger likely to keep the move going once trading resumes. Because the position does not carry overnight risk, intraday stocks for today are picked for their immediate technical setup rather than their long term investment case, and each trade needs a clear target and stop loss decided before the entry is taken.

Today's Market Overview

• The Nifty 50 closed Friday at 24,383.60, up 0.27 percent, extending a five session recovery from the 23,606 low of 24 July, a backdrop that sets a cautiously constructive tone for today's intraday stocks for today.
• Nifty Auto was Friday's strongest sector, up 1.64 percent, with Mahindra and Mahindra leading the gain, while Nifty IT was the weakest, down 1.56 percent as TCS and Infosys both fell more than 2 percent.
• India VIX eased to 11.76, down 3.29 percent, and FIIs stayed net buyers with Rs 3,623.50 crore of cash inflows on 30 July, a combination that supports risk taking in intraday stocks for today even as the RBI policy meeting opens the same day.

Mahindra and Mahindra: Intraday Stock for Today

Entry Zone: Rs 3,395-3,410 | Target: Rs 3,470 | Stop Loss: Rs 3,330 | Market Cap: approx. Rs 3,80,000 Cr

Mahindra and Mahindra surged 3.5 percent on Friday to close at Rs 3,398.50, gaining Rs 114.80 on a session that saw the stock trade in a wide Rs 3,243.30 to Rs 3,457.00 range on heavy volume. Ankit Jaiswal is watching the stock for a continuation move today, with the breakout above its recent range and Nifty Auto's sector leadership both supporting a strong setup for the session.

The stock qualifies for today's list because Friday's move came on a clear volume expansion rather than a thin, low conviction rally, and because auto as a sector has now outperformed the broader market for more than one session running. A sustained hold above Rs 3,395 would keep the setup intact through today's trade.

Jio Financial Services: Intraday Stock for Today

Entry Zone: Rs 255-258 | Target: Rs 267 | Stop Loss: Rs 248.50 | Market Cap: approx. Rs 1,62,600 Cr

Jio Financial Services jumped 3.85 percent on Friday to Rs 256.46, its best single session gain in weeks, with a 14 day RSI of 63.71 that Ankit Jaiswal reads as bullish momentum still short of overbought territory. The stock earns a place on today's list on the strength of that RSI reading and its position well above its 20 day moving average of 239.43.

Kunal Singla flags that the stock cleared Friday's intraday high of Rs 257.06 with conviction into the close, a setup that often carries through into the next session's opening trade. A break below Rs 255 would weaken the case for continuation today.

Coal India: Intraday Stock for Today

Entry Zone: Rs 413-416 | Target: Rs 424 | Stop Loss: Rs 407 | Market Cap: approx. Rs 2,55,200 Cr

Coal India closed Friday at Rs 414.15, up a modest 0.60 percent, but the more interesting technical detail is its 14 day RSI of 30.05, deep in oversold territory and well below its 20 day moving average of 425.78. Kunal Singla is watching this as a technical bounce candidate rather than a momentum breakout.

The stock qualifies for today's list because oversold bounces off a multi week low often produce sharp single session moves once selling pressure exhausts itself, though this setup carries more risk than the other two picks and needs the Rs 410 low to hold.

Intraday Trading Strategy for Today's Session

• Wait for the first 15 to 30 minutes of trade to confirm direction before entering any of today's intraday stocks for today, rather than chasing the opening tick.
• Size positions so that a stop loss hit represents a small, predefined percentage of capital, not a number decided after the trade is already open.
• Book partial profits once a trade moves in favour rather than waiting for the full target, particularly in a week that opens with the RBI policy meeting.
• Exit all intraday positions well before the 3:30 pm close regardless of where the stock is trading, since carrying an intraday position overnight defeats the purpose of the trade.

Risks of Intraday Trading Today

• The RBI Monetary Policy Committee begins its three day meeting today, and any early commentary could add volatility that overrides individual stock setups.
• Coal India's oversold bounce setup can fail quickly if broader market sentiment turns negative, since oversold stocks can stay oversold longer than expected.
• Gap openings driven by weekend news, including any developments in the Iran-US situation, can invalidate entry zones calculated from Friday's closing levels.

Conclusion

These intraday stocks for today, 3 August 2026, reflect three different setups: a momentum breakout in Mahindra and Mahindra, a continuation trade in Jio Financial Services, and an oversold bounce in Coal India. Ankit Jaiswal and Kunal Singla built this list from Friday's closing data and technical readings, and both flag the RBI policy meeting opening today as the backdrop every trade should be sized around. Traders searching for the best intraday stocks to buy today should treat these levels as a starting framework, not a guarantee, and pair every entry with a firm stop loss.

FAQs

What are the best intraday stocks for today, 3 August 2026?

Ans. The best intraday stocks for today are Mahindra and Mahindra (target Rs 3,470, stop loss Rs 3,330), Jio Financial Services (target Rs 267, stop loss Rs 248.50) and Coal India (target Rs 424, stop loss Rs 407), based on Friday's closing data.

Who selected these intraday stocks for today?

Ans. Univest analysts Ankit Jaiswal, Senior Research Analyst, and Kunal Singla, Associate Director, selected these intraday stocks for today using Friday's closing prices, momentum readings and technical indicators.

Why is Mahindra and Mahindra an intraday stock for today?

Ans. Mahindra and Mahindra surged 3.5 percent on Friday on a volume expansion, with Nifty Auto leading Friday's sectoral gains, a combination Ankit Jaiswal is watching for continuation today.

Why is Coal India considered an intraday pick despite a small Friday gain?

Ans. Coal India's 14 day RSI of 30.05 is deep in oversold territory, well below its 20 day moving average, which Kunal Singla is watching as a technical bounce setup rather than a momentum trade.

What is the market backdrop for intraday stocks for today?

Ans. The Nifty 50 closed Friday at 24,383.60, up 0.27 percent, India VIX eased to 11.76, and the RBI Monetary Policy Committee's three day meeting opens today, adding an event risk overlay to the session.