Top 5 Stock and Option Trades for August: Bank of India, PNB, NMDC, and Niva Bupa
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
Discover smart stock and option trading ideas for August expiry. CapitalKeeper covers BoI 120 CE, PNB 110 PE, NMDC 75 CE, and Niva Bupa investment pick with stop-loss and target strategies.
🚀 Stock & Option Trading Setups for August Series: BoI, PNB, NMDC & NivaBupa
The Indian market continues to witness selective action in PSU banks and mid-cap metal counters. Today’s picks include tactical option trades, cash swing entries, and a positional investment in the insurance space.
Let’s decode the risk-managed setups with detailed strategy and technical perspective.
🏦 1. Bank of India (BoI) – CMP ₹116.20
💼 Cash Swing Trade + Option Strategy
📌 Cash Setup:
- Buy at CMP ₹116.20
- Stop Loss: ₹113
- Target: ₹122 / ₹129
📈 Options Setup – August 120 CE @ ₹4:
- Buy Range: ₹4.00
- Stop Loss: ₹2.90
- Target: ₹6 / ₹8++
🔍 Bank of India is on the verge of a bullish continuation pattern. Strong accumulation visible on daily charts near the ₹114–₹116 zone with clear breakout above ₹120. Options OI rising, suggesting directional intent.
🏛️ 2. Punjab National Bank (PNB) – CMP ₹113.84
📉 Put Option Trade – Bearish Hedge
- Trade: Buy August 110 PE
- CMP: ₹1.20
- Target: ₹2 / ₹3
- Stop Loss: ₹0.50
🔍 PNB shows signs of short-term exhaustion after rallying from sub-100 levels. Option chain shows rising OI in Puts near 110 strike, indicating potential consolidation or pullback.
⚒️ 3. NMDC – CMP ₹69.30
💥 Metal Sector Watch – Call Option Play
- Trade: Buy August 75 CE @ ₹1.00
- Stop Loss (in cash): Below ₹67.50
- Lot Size: 13,500
- Strategy: Positional Hold with SL
🔍 Strong price-volume breakout forming in NMDC. The ₹67.50 level has acted as a base and a springboard in the past. With energy building in broader metal space, upside towards ₹72–75 seems achievable in the near term.
🛡️ 4. Niva Bupa (Positional Pick) – CMP ₹91.20
🔒 Insurance Sector Momentum
- Buy: ₹91.20
- Stop Loss: ₹86.00
- Target: ₹100
🔍 This lesser-known mid-cap insurance stock is forming a bullish base around ₹90 with MACD crossover and improving delivery volumes. Positional investors can accumulate with a conservative stop.
🛡️ 5.Dabur India Ltd
- CMP: ₹530
- Trade Type: Intraday Buy
- Buy Zone: ₹530
- Stop Loss: ₹526
- Target: ₹540
- Risk-Reward: 1:2.5
Technical View:
- Dabur is showing a bullish candle formation near support levels.
- RSI has bounced from the 40–45 zone indicating momentum reversal.
- Intraday volume build-up supports upside potential toward the ₹540 zone.
- Support at ₹526 has held well for 3 sessions, offering a good risk-managed entry.
📊 CapitalKeeper Trade Sheet
| Stock/Option | Trade Type | Entry Price | Stop Loss | Targets | Strategy |
|---|---|---|---|---|---|
| BoI Cash | Cash Swing | ₹116.20 | ₹113 | ₹122 / ₹129 | Short-Term |
| BoI 120 CE Aug | Options Long | ₹4.00 | ₹2.90 | ₹6 / ₹8++ | Short-Term |
| PNB 110 PE Aug | Options Hedge | ₹1.20 | ₹0.50 | ₹2 / ₹3 | Quick Swing |
| NMDC 75 CE Aug | Options Long | ₹1.00 | ₹67.50 (Cash SL) | Hold for ₹75+ | Positional |
| NivaBupa | Cash Positional | ₹91.20 | ₹86 | ₹100 | Multi-week |
🎯 Key Insights
NivaBupa gives insurance sector exposure at an early breakout zone.red during the first week of the series for better theta control.
BoI shows strength both in cash and options; dual opportunity.
PNB traders can use the Put option tactically in case of pullback.
NMDC’s metal play offers high-risk reward with defined risk.
DABUR 🚦 Strict stop loss discipline is a must. Exit near target or on breakdown below ₹526.
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