Trading In NTPC 26th Feb 2020

Why Intraday Trading in NTPC?
I have decided to do intraday trades in NTPC only.
Below are the reasons

1. NTPC Share price is around Rs. 100 to 120 so you can trade more quantity with small capital.
2. NTPC moves between 1to 2 Rs on any given day around 2-4 %. so your losses are limited max to 2 Rs.
3. Stock moves steadily in any direction and can give 0.25 to 0.50 profit in any trade.
4. The tick size is 0.05 and you can monitor the price movement easily/capture small spikes easily.
5. As NTPC price is around 100 you get better margin.
6. Liquidity is not an issue as trading volumes are higher. On any given day you can find 14 lakh sellers and 15 lakh buyers.
7. You can see current order prices in Zerodha upto 20 level and can see buy and sell support easily.
8. NTPC stock moves in upward direction even if there are 25 lakh sellers.
9. NTPC gives multiple chances in a day for entry and exit.

26th Feb 2020

1. NTPC opened near 110
2. Watched NTPC till 11 AM stock was moving downwards till 10.25 AM Price @ 108.80
3. @ 10.25 AM Upward move started @ 11 stock reached 110
4. Shorted @ 110 it moved to 110.45 and settled for 30 mins
5. Then strong upmove started and it scared me ... tried to square off @ 111.30 as loss was near 1 %
6. But then as per experience cancelled that order stock moved to 111.50 and settled thr with strong buying volume.
7. Hold the nerves till 12.40 and it settled around it.

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