Positional & Option Trade Ideas | CapitalKeeper Weekly Trade Radar – 17 June Week 3
By CapitalKeeper | Top Intraday Stock | Smart Trading Starts Here
Welcome back to another edition of high-conviction positional and options trades based on strong technical setups, breakout patterns, and volume analysis. This week features a mixed basket of index-backed sectoral leaders, option trades with favorable risk-reward, and swing entries in power, finance, and PSU themes.
🔶 1. M&M FINANCE – JULY 270 CE @ ₹6.05
Type: Positional Option Play
CMP (Spot): ₹271
Target (Cash): ₹300
Option Target: ₹15–20
Stop Loss (Cash): ₹240
📌 Trade View:
Mahindra Finance is breaking out of a broad consolidation pattern on daily charts with bullish follow-through and increasing OI in July 280 CE contracts. Volumes are backing up the move.
🔧 Technical Highlights:
- RSI: 63 – bullish zone
- MACD: Bullish crossover
- Price Action: Higher highs, higher lows since April
- Support: ₹260 zone holding since last breakout
💡 Positional Strategy:
Buy in cash for targets ₹292 / ₹322 / ₹343
Buy July 280 CE @ ₹8.50, SL ₹5.5, TGT ₹15+
🏗️ 2. NATIONAL ALUMINIUM (Nationalum) – CMP ₹188
📌 Trade Idea: PSU Metal Momentum Trade
💥 June Option Strategy:
- 190 CE @ ₹3.25
- SL: ₹2.25
- Target: ₹5–6
- 195 CE @ ₹1.70
- SL: ₹0.90
- Target: ₹3–4.50
🎯 Cash Targets: ₹195 / ₹198 / ₹200
🔧 Technical View:
- Breakout from narrow range above ₹185
- Weekly RSI: 71 – bullish momentum
- MACD crossover on daily chart
- Riding the broader metal sector uptrend
📌 Trade Tip:
Stay light in options beyond June 24 if targets not achieved – roll over to July.
🚆 3. NEW PICK: IRFC – CMP ₹137
📌 Trade Type: Positional Swing Trade
📉 Stop Loss: ₹115 (Weekly Closing Basis)
📈 Targets: ₹148 / ₹165 / ₹182
🔧 Chart Setup:
- Rounded base formation with breakout from ₹124-₹130 zone
- Volumes doubling over 20-day average
- Major railway theme play with government push
Indicators:
- RSI: 68 – strong and rising
- MACD: Turning bullish
- Price above 20/50/100 EMA cluster
📌 Positional View:
Good for 2–4 weeks holding. Add more if dips to ₹130–₹132 with strength.
🏦 4. LONG M&M FIN (Cash) @ ₹271
SL: ₹240
Targets: ₹292 / ₹322 / ₹343
📌 Why Again?
Multiple confirmations for breakout, aligns with option strategy above. Looks ripe for a major breakout as Nifty Financial Services gains traction.
⚡ 5. TATA POWER – CMP ₹398
Strategy: Options + Cash Swing
Buy: 400 CE @ ₹5.35
SL: ₹3.25
Target: ₹8.5 / ₹12+
🔧 Technical Highlights:
- Price Action: Strong support at ₹380
- Volume Spike: PSU power stocks gaining traction
- Indicators:
- RSI: 67 – trending upwards
- MACD: Bullish crossover
- Rising Open Interest in 400 CE
📌 Cash Targets: ₹412 / ₹428 / ₹440
💡 Trade Tip:
Great intraday + 2–3 day trade candidate with low risk. Use tight SL in options.
📊 Summary Table
| Stock | Strategy Type | Entry/Price | SL | Targets |
|---|---|---|---|---|
| M&M Finance | Option + Cash | ₹271 / 270 CE @ ₹6.05 | ₹240 / ₹5.5 | ₹292 / ₹322 / ₹343 (₹15+) |
| Nationalum | Options (June) | 190 CE @ ₹3.25, 195 CE @ ₹1.70 | ₹2.25 / ₹0.90 | ₹5–6 / ₹3–4.5 |
| IRFC | Positional | ₹139 | ₹115 | ₹148 / ₹165 / ₹182 |
| Tata Power | Options | CMP ₹398 / 400 CE @ ₹5.35 | ₹3.25 | ₹8.5 / ₹12+ |
🧠 CapitalKeeper Trading Tips of the Week
✅ Focus on low premium, high delta options near breakout zones
✅ For positional trades, watch weekly candle closings
✅ Be selective post-FOMC week – volatility can offer false breakouts
✅ Build partial positions & scale on confirmations
📢 For more such actionable trades, insights, and daily setups, visit CapitalKeeper.in
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