How to Use NSE Screener Effectively
Introduction
The NSE Screener is a powerful yet simple tool to help Indian traders and investors shortlist stocks based on specific criteria. Whether you’re a beginner or an active trader, knowing how to use NSE Screener effectively can improve your decision-making and save time. In this guide, you’ll learn how to apply filters, interpret results, and build custom strategies.
What Is the NSE Screener?
The NSE Screener is a tool provided by the National Stock Exchange of India that allows users to filter stocks based on:
- Price and volume
- Market capitalization
- Percentage price change
- Sector and industry
- Basic fundamentals
It helps reduce the noise of over 1,800 listed companies to a manageable shortlist.
Where to Access It
- Visit: https://www.nseindia.com
- Navigate to: Market Data → Screener
- Choose filters from the menu to begin your search
For advanced screening, consider using third-party platforms like:
Step-by-Step: How to Use NSE Screener
Step 1: Choose a Trading or Investing Goal
Before you start screening, define your objective:
- Long-term investment?
- Swing trading?
- Intraday momentum?
Each goal requires different filters.
Step 2: Select Basic Filters
On the NSE Screener, you can apply simple filters like:
- Price Range (e.g., ₹100 to ₹500)
- Volume (e.g., > 100,000 for liquidity)
- % Price Change (e.g., > +3% for momentum)
- Market Cap (Small, Mid, Large cap)
This helps narrow down your initial stock pool.
Step 3: Apply Strategy-Specific Filters
For Long-Term Investing:
Use filters like:
- PE < 25
- ROE > 15
- EPS > 10
- Debt/Equity < 0.5
For Swing Trading:
Use filters like:
- Price > Previous Day’s High
- Volume > 2x average
- RSI between 40–60
For Intraday:
While the NSE Screener is not real-time, you can:
- Check pre-market movers
- Sort by % change at market close
- Combine with Chartink for intraday alerts
Step 4: Analyze the Results
Once filtered:
- Click on each stock name for summary data
- Check price charts using a platform like TradingView or Zerodha Kite
- Look at financials, peer comparison, and news
Step 5: Build a Watchlist
Don’t jump into trades. Instead:
- Add filtered stocks to a watchlist
- Monitor volume, breakout patterns, or earnings updates
- Wait for technical confirmation before entry
Tips for Effective Use
| Tip | Why It Helps |
|---|---|
| Keep filters simple | Too many conditions will give zero results |
| Add a volume filter | Avoid illiquid stocks |
| Pair fundamentals with charts | For better timing |
| Save your screener setup | Reuse weekly or monthly |
| Validate with news | Avoid surprise announcements |
Limitations of NSE Screener
- No real-time data (EOD only)
- Limited custom filters (no RSI, MACD)
- No export feature
- Basic UI compared to tools like Screener.in
For more flexibility, consider integrating NSE Screener with other tools like Chartink or TradingView for better analysis.
FAQs
Can I create custom filters on NSE Screener?
Only basic ones. For advanced logic, use Screener.in or Chartink.
Is NSE Screener free to use?
Yes, it’s completely free and available on the NSE website.
Does it work for intraday traders?
Not ideally. Use it for EOD screening or swing setups.
Conclusion
The NSE Screener is a reliable starting point for Indian stock selection. You can shortlist potential trades or investments in minutes with the right filters and a clear objective. Combine it with technical and fundamental research to make smarter, data-backed decisions.
Ready to go deeper? Check out our advanced filtering tutorials and top screening strategies to level up your trading edge.
