Kotak Bank for Swing/Intraday | Postion & sizing

1. Structure is still HH-HL on Daily TF. Double top on support level 1773.
2. In mid-to-long term I am still bullish on stock till it hold 1700+ closing. This is a good time to accumulate for next up run.
3. In short term it is bearish and could be shorted in intraday.
4. INTRADAY - Price below 1770 is bearish but let it cross with high volume . I would let it touch 1765/60 before taking a short trade.
5. INTRADAY - If price bounces from 1770 then next target can be 1790.
6. SWING TRADE - Good zone to accumulate stock is 1700-1750, we can take 25% position here as very good support. SL can be at 1650. Take position as per RR.
7. SWING TRADE - I would scale in more 25% position as it crosses 1800 and then more 25% at 1900 for the target of 2000 or 2050.
8. In last 40 days high volumes is for buying and selling is done on very low volumes. Just one high selling volume on 26th Feb but that was selling climax.
9. Closing price above 1800 I will be strongly bullish on stock.
10. Watch-out for this stock as BNF moves up.


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