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.
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 entry price by 10:30 am
7. Take just 1 trade per stock and close with either profit or loss as per targets given or by 12:15 pm whichever comes first
EOD performance review of daytrading calls given
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)
As per range entry was taken near 162.60 tgts 163.33, 163.73 achieved... 164.55 did not achieve
however cost to cost was exited as per rule after 165.73 achieved
JamnaAuto: seems bullish, yesterdays close 125.21, todays likely range 124.35 - 127.40
Entry taken near 124, however 1% SL got hit at 122.76 the stock made a low of 122.30
The company has received tax demand notice 4 days ago for 1040 lacs hence the stock is under pressure I guess.
Bandhan Bank: Neutral to bullish. may see some profit booking. yesterdays close 206.76. Todays likey range 204.50 to 207.4
Entry at 204.90 all 3 tgts hit 205.82, 206.33, 207.35
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