Intraday Stocks for Today: Dr. Reddy’s Laboratories, JSW Steel and Reliance Industries | Top Picks 12 May 2026

Intraday stocks for today on 12 May 2026 are being identified after a sharp sell off on Monday, as the Nifty 50 closed at 23,815.85, down 360 points or 1.49 per cent, and the Sensex fell 1,312 points or 1.70 per cent to 76,015. Consumer Durables, Realty and Titan, IndiGo and SBI led the losses.

These intraday stocks for today are being identified with a cautious bias given the elevated India VIX and US-Iran tensions that drove crude above $104 per barrel. Key resistance for intraday stocks for today stands at 23,900, which has now turned from support to resistance after Monday’s decisive breakdown.

Ankit Jaiswal, Senior Research Analyst at Univest, has applied technical and oversold bounce filters to identify today’s three intraday stocks for today. After Monday’s 1.49 per cent Nifty decline, Jaiswal is focused on stocks with strong support bases and near term event catalysts for these intraday stocks for today.

Kunal Singla, Associate Director at Univest, has run a quantitative screen to validate the risk reward on each intraday stock for today. Singla’s screen specifically excludes Dr. Reddy’s from a bullish stance given the expected 34 per cent PAT decline in Q4 FY26, instead flagging it as a volatility and short positioning candidate among intraday stocks for today.

Today’s Market Overview

• Nifty Direction: Nifty 50 closed at 23,815.85 on Monday 11 May, down 360 points or 1.49 per cent. The index broke decisively below 23,900, which now acts as immediate resistance for all intraday stocks for today. Key support for intraday stocks for today sits at 23,500, backed by a strong open interest cluster and the previous swing low.
• Key Sectors: Pharma is the primary sector for intraday stocks for today, given Dr. Reddy’s Q4 FY26 results post-market and a broadly oversold Nifty Pharma index. FMCG is a defensive sector that held ground Monday and qualifies for intraday stocks for today. IT is the third sector, supported by Nasdaq’s +1.71 per cent close Monday.
• VIX and Institutional Flows: India VIX remains elevated in the 17 to 18 zone, a key input for position sizing across all intraday stocks for today. FII MTD May selling stands at Rs 6,961 crore; DII buying of Rs 14,644 crore has more than absorbed it, providing a floor for intraday stocks for today. Any VIX spike above 20 today is a signal to exit all intraday stocks for today.

Dr. Reddy’s Laboratories: Intraday Stock for Today

Trend: Bearish Event Risk, Sell on Rallies Approach

Key Support: Rs 1,145

Key Resistance: Rs 1,220 and Rs 1,250

Ankit Jaiswal has flagged Dr. Reddy’s Laboratories as the key event-risk intraday stock for today, with Q4 FY26 results confirmed post-market on 12 May 2026. Kotak Institutional Equities expects PAT to fall 34 per cent year on year to approximately Rs 1,035 crore, dragged by a 33 per cent quarter on quarter drop in North America revenues to $226 million.

The stock has underperformed the broader market in 2026, and Brazil’s rejection of three of its drug registrations adds a near term headwind. Jaiswal’s approach to this intraday stock for today is to sell into any morning spike near Rs 1,220 to Rs 1,230, targeting Rs 1,180, with stop loss at Rs 1,255. Avoid holding this intraday stock for today past 2:30 PM as post-market results could move the stock sharply in either direction.

Why Dr. Reddy’s Qualifies as an Intraday Stock for Today

Dr. Reddy’s is one of the highest turnover pharma names on NSE, providing the liquidity essential for intraday stocks for today. A known earnings headwind with a confirmed result date creates a defined intraday sell-on-rally opportunity for this intraday stock for today. Traders must strictly avoid overnight holding of this intraday stock for today given the post-market binary result risk.

HCL Technologies: Intraday Stock for Today

Trend: IT Bounce Play, Positive Nasdaq Cue

Key Support: Rs 1,620

Key Resistance: Rs 1,660 and Rs 1,690

Kunal Singla has identified HCL Technologies as a technical bounce candidate among intraday stocks for today, supported by the Nasdaq’s 1.71 per cent rise overnight to 26,247 and the IT sector’s relative resilience during Monday’s broader Nifty decline. Singla notes that HCL Technologies held above its short term support near Rs 1,620 on Monday despite the broader index falling 1.49 per cent, a relative strength signal for this intraday stock for today.

The stock is consolidating near Rs 1,638, with the 20 day EMA providing dynamic support at approximately Rs 1,625. A positive opening above Rs 1,650 aligned with a muted Nifty open would confirm the IT bounce setup for this intraday stock for today. The target for this intraday stock for today is Rs 1,690, with a stop loss at Rs 1,620.

Why HCL Technologies Qualifies as an Intraday Stock for Today

IT sector relative strength in a down market is the primary qualifier for this intraday stock for today. Nasdaq’s 1.71 per cent gain provides a direct overnight cue that flows into HCL Technologies at the open. HCL Technologies is among the most liquid IT names on NSE, with average daily turnover of Rs 600 crore, ensuring easy entry and exit for intraday stocks for today.

*Download the Univest iOS App or Univest Android App to track HCL Technologies live during today’s session.*

Screen the best intraday stocks on the Univest Screener.

Reliance Industries: Intraday Stock for Today

Trend: Positive Bias, Crude Moderation Play

Key Support: Rs 1,282

Key Resistance: Rs 1,325 and Rs 1,355

Reliance Industries is Ankit Jaiswal’s third pick among intraday stocks for today, selected on the basis of yesterday’s 1.61 per cent gain and the stock’s role as the Nifty 50’s largest constituent at a 10 per cent index weight. Jaiswal notes that Reliance closed at approximately Rs 1,316 yesterday, and that the Rs 1,300 level has now converted from resistance to support, making it the defining technical level for this intraday stock for today.

Brent crude moderated from $105.84 to $104.71 overnight, a mild positive for Reliance’s Oil to Chemicals segment margins. The stock’s double bottom structure at Rs 1,270 to Rs 1,282 has held across two weeks, providing a solid technical foundation for this intraday stock for today. An open above Rs 1,300 at today’s session with sustained buying in the first 30 minutes confirms the setup targeting Rs 1,355.

Why Reliance Qualifies as an Intraday Stock for Today

Reliance Industries is the highest daily turnover stock on NSE by a wide margin, making it among the most liquid intraday stocks for today. The 10 per cent Nifty weight means every broad market move amplifies in this stock, creating directional intraday opportunities. Crude moderation, Q4 FY26 earnings recovery and the digital business expansion all provide fundamental support beneath the technical setup for this intraday stock for today.

*Download the Univest iOS App or Univest Android App to track Reliance Industries live during today’s session.*

Intraday Stocks for Today: Quick Reference Table

Intraday Trading Strategy for Today’s Session

Wait for the Opening 15 Minutes

Never enter any of the intraday stocks for today in the first 15 minutes of trading between 9:15 AM and 9:30 AM IST. Given the gap-down opening indicated by Gift Nifty near 24,020, the opening auction will be volatile. Let the opening range form, then enter intraday stocks for today only on a confirmed breakout above the opening high or a bounce from opening support.

Use Nifty 24,000 as Your Directional Filter

All three intraday stocks for today are large cap Nifty constituents. If Nifty holds above 24,000 in the first 30 minutes of trade, the bullish case for all three intraday stocks for today remains intact. A Nifty break and hold below 24,000 is the signal to exit or reduce all intraday stocks for today immediately without waiting for individual stock stop losses to trigger.

Risk Maximum 1 Per Cent of Capital Per Trade

With India VIX near 17 to 18 and a gap-down open expected, intraday stocks for today carry elevated early session volatility. Cap your risk at 1 per cent of total trading capital per trade. Stop losses of Rs 1,255 for Dr. Reddy’s short, Rs 1,620 for HCL Technologies and Rs 1,282 for Reliance Industries must be respected without exception for all intraday stocks for today.

Square Off All Intraday Stocks for Today by 3:00 PM IST

All three intraday stocks for today must be squared off by 3:00 PM IST. This provides a 30 minute buffer before the mandatory 3:30 PM broker square off. Dr. Reddy’s Q4 FY26 results are post-market tonight, so holding this intraday stock for today overnight would convert an intraday trade into an event risk delivery position, which is outside the scope of these intraday stocks for today.

Risks of Intraday Trading Today

• Gap-Down Open Risk: Gift Nifty at 24,020 indicates a 330 point gap-down open, which is the most immediate risk for all intraday stocks for today. A gap-down open can trigger stop losses before any position can be entered, making the opening range assessment critical before committing to any intraday stocks for today.
• Trump-Iran Headline Risk: Any fresh statement from Donald Trump rejecting Iran’s peace proposal or escalating US-Iran tensions would spike crude above $107 and create a second wave of selling that would override the technical setups of all three intraday stocks for today.
• Dr. Reddy’s Pre-Results Reversal: Pre-result positioning in Dr. Reddy’s could reverse sharply if any analyst note or data leak ahead of the 7:30 PM earnings call creates negative expectations. This is the highest binary risk among today’s intraday stocks for today and makes the Rs 1,145 stop loss non-negotiable.
• Elevated VIX and Wide Swings: India VIX at 17 to 18 means intraday stocks for today can swing 1.5 to 2 per cent in either direction on normal market noise. Reduce position sizes by at least 30 per cent compared to low VIX environments and never hold losing intraday stocks for today past the stated stop loss.

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Conclusion

The best intraday stocks to buy today on 12 May 2026 are Dr. Reddy’s Laboratories, HCL Technologies and Reliance Industries. Ankit Jaiswal, Senior Research Analyst at Univest, has selected these intraday stocks for today based on technical momentum, sector alignment and near term catalysts. Kunal Singla, Associate Director at Univest, has validated the risk reward on all three, confirming a minimum 1:1.3 ratio for each of the intraday stocks for today at current prices.

Traders approaching these intraday stocks for today must wait for the opening 15 minutes, use Nifty 24,000 as the directional filter, enforce stop losses without exception and square off all intraday stocks for today by 3:00 PM IST. Dr. Reddy’s Q4 FY26 post-market results tonight are the key event risk that cannot be held as an intraday position. Check live prices on the Univest Screener before entering any of these intraday stocks for today.

Disclaimer: The information provided in this article is for educational and informational purposes only and does not constitute investment advice. Univest is a SEBI registered research analyst entity (Uniresearch Global Pvt Ltd, SEBI Registration Number INH000012449). Views expressed are for general informational purposes only and should not be construed as a recommendation to buy, sell or hold any security. Investments in securities are subject to market risks. Please read all related documents before investing. Past performance is not indicative of future results. Please consult a SEBI registered financial advisor before making any investment decision.

FAQs

What are the intraday stocks for today on 12 May 2026?

Ans. Intraday stocks for today on 12 May 2026 are Dr. Reddy’s Laboratories, HCL Technologies and Reliance Industries, selected by Ankit Jaiswal and Kunal Singla at Univest. Dr. Reddy’s targets Rs 1,235 with stop loss at Rs 1,145. HCL Technologies targets Rs 1,690 with stop loss at Rs 1,620. Reliance Industries targets Rs 1,355 with stop loss at Rs 1,282. All intraday stocks for today must be squared off by 3:00 PM IST.

Why is Dr. Reddy’s a sell-on-rally intraday stock for today?

Ans. Dr. Reddy’s is an intraday stock for today because Q4 FY26 results are confirmed post-market on 12 May 2026, creating pre-result intraday positioning. Analyst consensus expects a PAT beat on US generics revenue. The Rs 1,165 to Rs 1,200 entry range and Rs 1,145 stop loss make this a defined risk trade among intraday stocks for today.

What is the market outlook for intraday stocks for today on 12 May?

Ans. The market outlook for intraday stocks for today is cautiously negative at open with Gift Nifty at 24,020, indicating a gap-down of approximately 330 points after Trump rejected Iran’s peace proposal overnight. Brent crude is at $104.71 per barrel. If Nifty holds 24,000 after the opening 15 minutes, the bullish case for all three intraday stocks for today remains intact.

How do I pick the best intraday stocks for today?

Ans. The best intraday stocks for today are selected based on three criteria: high NSE average daily turnover for easy entry and exit, a clear technical support and resistance structure, and a near term catalyst such as a Q4 FY26 result or sector momentum. For 12 May 2026, metals momentum, pharma results and energy liquidity make Dr. Reddy’s, HCL Technologies and Reliance Industries the highest conviction intraday stocks for today. Use the Univest Screener to track live data before entering.

What is the stop loss for each intraday stock for today?

Ans. The stop losses for intraday stocks for today are Rs 1,145 for Dr. Reddy’s Laboratories short, Rs 1,620 for HCL Technologies and Rs 1,282 for Reliance Industries. These levels are based on the technical support identified by Ankit Jaiswal and validated by Kunal Singla’s quantitative screen. Never widen stop losses for intraday stocks for today. India VIX at 17 to 18 means strict stop loss discipline is essential to preserve capital across all intraday stocks for today.

Is intraday trading in these stocks suitable for all investors?

Ans. Intraday trading in any of these intraday stocks for today carries significant risk and is not suitable for all investors. Beginners should paper trade for at least three months before committing real capital. India VIX at 17 to 18 amplifies intraday swings in all intraday stocks for today. Always consult a SEBI registered financial advisor before trading any intraday stocks for today.

When should I square off today’s intraday stocks?

Ans. All intraday stocks for today must be squared off by 3:00 PM IST, providing a 30 minute buffer before the mandatory 3:30 PM broker square off. For Dr. Reddy’s specifically, holding this intraday stock for today past 3:00 PM is strongly inadvisable as Q4 results post-market tonight create overnight binary risk entirely outside the intraday stocks for today framework.

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