Intraday stocks & levels 5-May-26

05-May-26 Daytrading plan (All levels are valid upto and are recommended to be closed by 12:15 pm)

BEML : seems bullish on DTF. yesterdays close was 1836. todays trading range 1826 to 1854

Union Bank: yesterdays close was 163.77, todays likely range 162.10-167.40 (bit risky as the stock is near its support but the PA is bearish on DTF)

JamnaAuto: seems bullish, yesterdays close 125.21, todays likely range 124.35 - 127.40

Bandhan Bank: Neutral to bullish. may see some profit booking. yesterdays close 206.76. Todays likey range 204.50 to 207.4

Rules for day trading : 

1. Avoid trading if stocks opens flat. Wait for price to approach the range and then enter. 

2. if stock sustains near lower range then we buy with SL of 1% from entry

3. if stock stalls near upper range then we sell with SL of 1% from entry. 

4. Targets are 0.45% , 0.70% & finally 1.20% from entry

5. After 0.70% target is reached. Move your stop to entry (cost to cost).

6. Avoid entry if the stock is unable to reach near trading range by 10:30 am

7. Take just 1 trade per stock and close with either profit or loss as per targets given

Nifty trading levels for 16-Fb-2026

 Nifty closed at 25471 last friday.

on Monday, we will look at 25535 to 25350 levels to trade. keeping SL of 45 points

Powergrid analysis for the week of 6-Jun-25

Happy Trading

Trading plan for 17-Nov-23

NIFTY

Yesterday (16-Nov-23) Nifty (spot) opened at 19674 made a low of 19627 then high of 19875 and closed at 19765.

Todays important levels in the morning session would be around 19750, any weakness in this area is likely to take it down to 19715 to 19705 levels. it will try to bounce back upto 19749 and then may take a plunge again. If 19705 levels are broken then next level would on downside would be 19675 to 19655.

I would be looking for bearish opportunity around 19750 and 19725 for a 20 to 40 point play.

would be buying 19700 PE around 51-54 for target of 69 and SL of 40

R:R: 13 : 16

STOCK

Jindal Steel closed at 647.20 yesterday. formed inside candle with 651.05 as high and 642.50 as low.

secondly 20 sma is pointing downwards and it is resting at 634 so there is ample space between cmp of 647 and 634. it is likely to touch the 20 sma line in coming sessions. Hence my view is bearish on this stock.

If Nifty remains weak, I would be looking to short this stock around 647.90 to 649.9 and cover at 645.10 as the stock seems weak on the charts too. SL will be 652

R:R : 2.5 : 4

Stock for Aug 2023

19-Aug-2023

UPL : CMP is 578. Watch soon for buying opportunity as ITM PE & OTM CE option writer seems to be closing their positions. 

ITM PE change in open interest is -ve and 

OTM CE volume traded is high but change in open interest is either negligible or -ve

this stock seems to be getting ready to bounce from 520 to 580 range all the way upto to 660+.

Watch this stock for accumulation opportunity at lower levels book profits at 650+ levels upto 674.

Best buy in UPL is at 551 

Best sell is at 649 

keep SL at 485

R:R is 1:1.5 approx

Positional calls for Q3 2021

Date : 27-Oct-21

Positional for swing trading

Glenmark cmp 503 , 

keep for buying at 466-476, sl 440, tgt 530

trade1 risk= 36 reward 54 (1:1.5)

trade2 risk= 26 reward 54 (1:2.05)

BPCL cmp 428

keep for buying at 422 & 414, sl 410, tgt 444 & 454

trade1 risk= 12 reward 22 (1:1.83)

trade2 risk= 4 reward 40  (1:10)

Performance review as of  2-Dec-21 of Swing trading calls given above.

Glenmark was bought @ 466-476 range on 22-Nov-21 and it reached our target 530 in three days. Giving 12.52% returns in 3 days.

Check the highlighted rows. (source : NSE website)  

BPCL bought in the range of 422-414 on 29-Oct-21

Earned dividend of Rs 5/- on 11-Nov-21. i.e. 1.19% dividend yield on our avg buying price of 418.

Price went down after 11-Nov because of dividend. It hit our stop loss of 410. Made Rs. 8 loss but earned Rs. 5 back. So effective loss was Rs 3/- per share i.e 0.71% loss

Overall performance in our last 4 trades (2 trades each in Glenmark and BPCL) = 12.52 - 0.71 = 11.81% profit in one month.

Thanks. Happy Trading !!!

July 2020 Trading ideas

Date : 04-Jul-2020
Watch Tech mahendra for buying opportunity at / near 565 for targets 594-604. Stop loss 550

McDowells may take support at / near 570 to bounce back to 599-609-619 levels. Stop loss at 550

Cummins intraday and positional refer the chart shown

Happy trading :)

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