Top 5 Intraday Stocks
Positional Picks & Breakout Watch – 02 June 2025
By CapitalKeeper | Top 5 Intraday Stock | Smart Trading Starts Here
The Indian stock market continues to consolidate at higher levels, offering selective opportunities in cash market positional trades and options setups. Below are a few hand-picked trade ideas with well-defined technical levels, ideal for swing traders and investors.
🏦 PNB – Punjab National Bank
CMP: ₹105 | Buy Zone: Current Market Price & ₹100 | SL: ₹94 | Targets: ₹140 – ₹156 – ₹170
📌 Positional | Cash Segment
PNB has shown a strong base-building structure over the past few weeks. With PSU banks gaining relative strength, PNB stands out with:
- Rising RSI with volume expansion
- Strong support near ₹100 zone (former resistance turned support)
- Long-term breakout potential on weekly charts
💡 Strategy:
- Buy 40% at CMP ₹105
- Add remaining near ₹100 support
- Positional targets at ₹140, ₹156 & ₹170
- Strict SL: ₹94 (on daily closing basis)
🔖 #PNBPositional #PSUBanks #NiftyBank
🏛️ Bank of Maharashtra – MAHABANK
CMP: ₹56.50 | Targets: ₹70 – ₹84 – ₹97
📌 Positional | Cash Segment
MAHABANK looks poised for a range expansion move after weeks of tight consolidation. Technically:
- RSI has crossed 60 on daily charts
- Higher highs and higher lows formation
- Major resistance breakout expected above ₹58
💡 Entry Idea:
- Long positions can be initiated between ₹56–₹58
- Positional targets: ₹70, ₹84, ₹97
- Ideal SL: ₹51 (previous swing low)
🔖 #MAHABANK #PositionalTrade #CashStockAlert
⚡ ADANI ENTERPRISES – 2540 CE
Option CMP: ₹82 | SL: ₹70 | Targets: ₹120 – ₹150+
📌 Positional | Options Segment
ADANIENT’s June 2540 CE is seeing unusual open interest buildup, indicating speculative bullish bets. Spot price structure:
- Attempting a breakout above ₹2550
- Strong demand zone observed at ₹2480–2500
💡 Trade Setup:
- Buy June 2540 CE at ₹82
- SL: ₹70
- Target: ₹120 / ₹150+
- Time horizon: 5–10 trading sessions
🔖 #ADANIOptions #OptionTrade #ADANIENTAnalysis
🏗️ Rama Steel – Wolfe Wave Breakout Watch
📌 Pattern Alert | Positional Cash Trade
Rama Steel Tubes is forming a textbook Wolfe Wave pattern, and is on the verge of a bullish breakout, contingent on:
- Daily close above the ETL (2–4 line)
- Positive PRZ (Potential Reversal Zone) confirmation
🚨 Invalidation Level:
- Drop below 7th April 2025 candle low (key structural pivot)
💡 Trade Watch:
- Wait for a decisive daily close above ETL before entry
- Ideal for swing traders eyeing 15–20% upside post-breakout
🔖 #WolfeWave #RamaSteel #TechnicalBreakout
📉 Derivatives Insight: Nifty Futures Outlook
Key Levels to Watch:
- Retested Demand Zone: 24,668 – 24,448 (held last week)
- Breakout Point: 24,930
- Target on Upside: 25,895
- Invalidation Level: Weekly Candle Base (WCB) at 24,448
The bullish bias remains intact as long as Nifty futures trade above 24,448. Breakout above 24,930 would confirm upside continuation.
💡 Index Strategy:
- Aggressive longs above 24,930
- SL: 24,448
- Target: 25,895
🔖 #NiftyFutures #IndexAnalysis #SwingSetup
🚀 Summary: Top Picks for Positional Traders
| Stock / Option | Action | Entry Zone | SL | Targets |
|---|---|---|---|---|
| PNB | Buy | 105 / 100 | 94 | 140 / 156 / 170 |
| MAHABANK | Buy | 56.50 | 51 | 70 / 84 / 97 |
| ADANIENT 2540 CE | Buy Option | ₹82 | 70 | 120 / 150+ |
| Rama Steel | Watch for breakout | – | 7 Apr low | Wolfe wave target zone |
| Nifty Futures | Long above 24,930 | – | 24,448 | 25,895 |
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💡 Intraday Trading Strategy
✅ Trend Following: Stick with strong momentum stocks (RSI >60)
✅ Volume Confirmation: Trade breakouts with high volumes (Suzlon, Reliance)
✅ Stop Loss Discipline: Always use 1:2 risk-reward ratio
Warning: Avoid overleveraging in small caps (higher volatility).
CapitalKeeper Pro Tip:
For intraday trades, combine technical signals with pre-market news and sector rotation themes. Stick to defined stop-losses, and avoid overtrading. Follow Fin Nifty and Nifty Futures trends to improve entry timing.
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