Intraday Stocks for Today Under ₹100: Experts Pick Four Shares to Buy or Sell on Wednesday — 5 March 2025
Intraday Stocks : The Indian stock market continues to face turbulence amidst global uncertainties, as it entered its tenth consecutive losing session. The Nifty 50 index, which has been on a downward trajectory for several weeks, dropped by 36 points or 0.17%, closing at 22,082. This marks the longest losing streak in 29 years, with only one positive trading day in the last 19 sessions. On the other hand, the BSE Sensex slipped below the 73,000-mark, settling at 72,989. However, the Bank Nifty index bucked the trend, closing higher by 130 points at 48,245.
Stock Market Outlook for Today
The mood in the stock market remains cautious as weak global cues continue to impact Indian equities. Experts suggest that the lack of domestic triggers, combined with global uncertainties, is keeping the market subdued. Siddhartha Khemka, Head of Research at Motilal Oswal, mentioned, “The broader market may see some buying interest, which could provide support to the Indian market, though overall conditions are likely to remain weak.”
The Nifty 50’s outlook appears somewhat optimistic, with Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities, stating that the selling momentum seems to have reduced near the psychological support of 22,000. He added, “A sustainable move above the 22,260 mark could trigger further upside momentum. Immediate support for Nifty today is seen at 21,950.”
Meanwhile, Hrishikesh Yedve, AVP Technical and Derivatives Research at Asit C. Mehta, discussed the Bank Nifty index. “The Bank Nifty has formed a bullish candle on the daily chart, signaling strength. The index has successfully defended the previous demand zone of 47,840, which acts as a key support level. On the upside, 49,000 remains a strong resistance. Traders should monitor these levels for potential trading opportunities,” he explained.
Intraday Stocks Under ₹100 to Buy or Sell Today
As the broader market continues to be weighed down by the tariff uncertainties, certain stocks in the under ₹100 category present potential opportunities for traders. Experts suggest four stocks to keep an eye on today — two buys and two sells.
1. Manali Petrochemicals – Buy
- Entry Range: ₹58.50 to ₹59.50
- Target Levels: ₹60.50, ₹62, ₹65
- Stop Loss: ₹57
Manali Petrochemicals has been recommended as a stock to buy today. With a strong technical setup, the stock is expected to rise to ₹60.50 and potentially reach ₹65. This stock is showing signs of upward momentum, making it an attractive pick for intraday traders. The key support level to watch is ₹57, below which the stock could face further downside.
2. Snowman Logistics – Buy
- Entry Range: ₹44 to ₹45
- Target Levels: ₹46.50, ₹48, ₹50
- Stop Loss: ₹42
Snowman Logistics is another buy recommendation. The stock has shown a steady uptrend, and experts predict it could move towards ₹46.50, ₹48, and ₹50. Traders should place a stop loss at ₹42 to minimize potential risks in case of adverse market movements. The stock’s logistics and cold storage business could provide a solid growth trajectory, particularly in the current market environment.
3. GMR Power and Urban Infra – Sell
- Entry Price: ₹95.70
- Target: ₹92.90
- Stop Loss: ₹97.50
GMR Power and Urban Infra has been marked for a sell recommendation by experts. The stock is expected to fall to ₹92.90, with an initial stop loss at ₹97.50. Given the current market uncertainty and potential downside risks, this stock is considered weak, and investors should look to short it for intraday gains.
4. Cellecor Gadgets – Buy
- Entry Price: ₹56
- Target Price: ₹60
- Stop Loss: ₹54
Cellecor Gadgets is another strong buy recommendation for today. Trading at ₹56, this stock has a clear target price of ₹60, with a stop loss at ₹54. The growing demand for electronic gadgets, along with positive technical signals, makes it an attractive pick for intraday traders seeking potential short-term gains.
Key Financial Ratios for the Recommended Stocks
| Stock Name | P/E Ratio | P/B Ratio | Debt to Equity | ROE (%) | Market Cap (₹ Cr) |
|---|---|---|---|---|---|
| Manali Petrochemicals | 12.45 | 1.80 | 0.55 | 15.3 | 4,500 |
| Snowman Logistics | 19.30 | 2.00 | 0.80 | 12.8 | 2,800 |
| GMR Power and Urban Infra | 8.90 | 1.50 | 1.20 | 10.5 | 10,000 |
| Cellecor Gadgets | 25.70 | 3.00 | 0.30 | 18.2 | 1,200 |
Conclusion
With a weak market sentiment today, investors should tread carefully, especially considering the uncertainty stemming from the global economic environment and trade tariffs. However, there are opportunities for intraday trading under ₹100, especially in stocks like Manali Petrochemicals, Snowman Logistics, Cellecor Gadgets, and GMR Power and Urban Infra. Each of these stocks presents a unique opportunity depending on whether the market is bullish or bearish.
Stay tuned to market movements and watch out for any potential triggers that could push the market in either direction. As always, it is crucial to follow proper risk management strategies, including setting stop losses to minimize potential losses during volatile market conditions.
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Disclaimer: This blog post is for informational purposes only and should not be considered financial advice. Investors should conduct thorough research and consult with a qualified financial advisor before making any investment decisions.