Intraday Scalping Strategy

see infy. broken high and then came down.

Rest, chambal, IBrealestate, bhushan steel, LITL, HCL tech, TATA motors, Hindalco, IFCI achieved their 27% targets ( UP side or DOWN side)

PUNJLLOYD has failed the test on downside

But it gave u profit on the upside.

Generally go for momentum stocks,Reliance,Adanient,Jublfood,Tatasteel.they all gave profits today.

Trade with positive attitude with proper s/l & move to the next stock with money management.
Aim is to make profit overall at the end of the day or the losses to be minimal.
Tomorrow is always there.
Keep trading in small qty till u get the hang of the strategy.
Good luck.

Can you please give the list of the stocks on your watch list which you trade regularly or you keep changing your list.

Thanks and regards
Ravinder

Ravinder,
There is no specific stocks for this strategy
& applicable to all.
Even NF gave good profits today besides Bharti airtel,Ranbaxy,etc.
My radar consists of Vip,Tatamotors,Aban,Adani,Jswstl,Hcltech,TTKprestige,Jublfood,icici,Lt,Reliance,Relcap,Relinfra,Jet,Tcs,Ranbaxy.
Out of these ,atleast i get four.Keep an eye on NF movement always.
Take the profit fast as v r scalping.
Any addition welcome.

Hi Sir,
Thanks for sharing the simple looking but effective strategy.
I was looking at the Nifty spot chart for the day and wanted to share the following observation.

At 10 a.m the H was 5320.6 and L was 5294.85.
Subsequently the L was taken out and Nifty rebounded from levels of 5291.55.
However, once it broke the H later in the day our target was met.
Do you think we need to have a filter for entering the trade (morning breach of Low) ; not sure though with a range of 20-30 pts of the first hourly candle we can afford a filter though.
Will look forward to your valuable inputs on this...

BR,
AGOS

sir
is this work for options?

options r different ball game & not suitable for scalping.

Agos,
Generally i trade with a s/l which invariably is max 78% Fibonacci of the range counted either from the High or Low for short/long.
If the stock reverses from 38/50% fibonacci,try again to enter the trade & play safely .U will understand it once u watch & trade.

Once a stock breaches the Low first & then again Breaks High,it is always a powerful break & u would recover yr loss.

As i had written,this strategy is not rocket science to understand & min 90-95% success i have experienced.

Ofcourse i am Micro trader & hence no stress & tension.

But once we go for filter,etc,there may not be time as v r scalping & the stock reverses fast from the tgt.

If u fine tune,pl share with us here.