Although you have understood the post well I'm not sure thats what he wanted to understand from his post :rofl:
HI Xareo , no concept can be understand without practical example , so trying to post practical example by giving some buy levels
I have given 6 stocks with buy levels , target and stoploss , as usual target and stoploss are 1 % away from buy levels.
Expecting market in positive bias on Monday, if situation changes till Monday morning then can change some of them and will include shorting calls.
Please note these stocks are only for paper trading do not buy / sell with real money , this exercise is just for understanding concept better only .
Our buy will trigger only when price touches respected buy levels and stoploss will come into existence only after buy triggers. before that it can even open below stoploss levels that won't change result of call
GmrInfra : Buy @ 115.5 Target 116.65 , stoploss 114.35
ADLABS : Buy @ 228.10 Target 230.40, Stoploss 225.80
ZEEL : Buy @ 116.8 Target 118 Stoploss 115.60
HCLTECH : Buy @ 131.8 Target 133.15 Stoploss 130.45
Maruti : Buy @ 825.50 Target 833.75 Stoploss 816.85
NALCO : Buy @ 217.10 Target 219.30 Stoploss 214.95
Not all 6 stocks will trigger , expecting buy to trigger at least in 4 stocks .
For paper trading 20,000 is capital with 5 times intra-day limit , we will trade only 2 scrips at any point of time , it means intraday limit is divided into 2 equal part and every trade will be done of RS. 50,000
For example :
Number of Maruti shares = 50,000 / 825.5 = 60
Number of Gmrinfra shares = 50,000 / 115.5 = 432
and so on .........
Let check whether 60 % accuracy is achieved or not :thumb: