शेयर बाजार में इंट्राडे ट्रेडिंग की Pivot Point विधि Intraday Trading Pivot Point Method

Summary

Mahesh Chandra Kaushik presents an intraday strategy based on manually calculated pivot points. He calls it a “zero-loss” method, but also acknowledges that trading systems are not guaranteed and losses are possible. Because the strategy may involve holding shares when an intraday trade goes against the trader, it is not risk-free.

Pivot-point framework

Calculate the pivot point:

[ \text{Pivot Point} = \frac{\text{previous day’s close}+\text{current day’s high}+\text{current day’s low}}{3} ]

Use the day’s high and low up to the time of assessment. The presenter recommends waiting at least one hour after the market opens and uses 11:00 a.m. as a standard reference time.

Determine the directional bias:

• Price above the pivot point: treat the stock as bullish.
• Price below the pivot point: treat it as bearish.

Entry trigger:

• For a bullish setup, buy if the price breaks above the day’s high so far. If it is already at that high, the presenter says a market order may be used.
• For a bearish setup, short only if the price breaks below the day’s low so far. He cautions against shorting while the price remains well above that low.

Optional stop-loss approach: For a long trade, he identifies the day’s low so far as the stop; for a short trade, he identifies the day’s high so far. He suggests using a stop-loss if not following his holding-based method.

Profit target: He proposes roughly 0.78%—one-quarter of pi, rounded—and also discusses a target of 0.5% plus brokerage and other charges. Targets should account for the trader’s transaction costs.

“Zero-loss” approach and capital rules

• Trade only top-10 Indian companies by market capitalization, which he says are harder to manipulate.
• Start on the buy side. If the target is not reached, do not use a stop-loss; take delivery of the shares instead. He recommends limiting this approach to large, blue-chip holdings.
• He gives a capital-to-stock-count example: ₹5 lakh for one stock, ₹10 lakh for two, ₹15 lakh for three, and ₹20 lakh for four. He also discusses beginning with smaller orders and keeping unused capital in a liquid fund or using a method described in one of his books. The transcript’s figures on order size and margin are unclear.
• Once accumulated holdings are in profit, he says a trader may short the same stock intraday when it is below its pivot point. If the short trade reaches its target, book the intraday profit; if the price rises instead, he proposes delivering shares already held. He says the holdings should already be in profit by at least the target amount before using this approach.
• He advises retaining cash and building up gradually rather than deploying all capital at once.

Risk caveat: Taking delivery instead of exiting a losing trade does not eliminate the loss. It converts an intraday position into a holding exposed to overnight price moves and potentially extended declines. Short selling, concentration in a few stocks, transaction costs, liquidity, and the need for sufficient capital also carry risk. The video’s “zero-loss” label should not be taken literally.

Examples and figures cited

• Hindustan Unilever (HUL): The presenter’s chart example gives a pivot point of about ₹2,333.41, a price near ₹2,352.95 around 11:00 a.m., and an approximately 0.78% upside target near ₹2,371.30. He says the target was reached and cites a close near ₹2,380.10. Several underlying chart values in the auto-generated subtitles are inconsistent or garbled, so these figures should be treated as approximate.
• Reliance Industries: For January 24, 2025, he gives a pivot point around ₹1,264.8, with the stock below it around 11:00 a.m. He describes a short trigger below a day low near ₹1,256.90, a target based on a further 0.78% decline, and a closing price near ₹1,244.45. The transcript’s entry-price details are unclear.
• He notes that intraday charges vary by broker and should be included when setting a target.

Instruments, assets, and references

• Stocks: Hindustan Unilever Limited (HUL), Reliance Industries, and large-cap Indian stocks—particularly the top 10 by market capitalization.
• Other instruments: Liquid funds, demat-held shares, and intraday long and short positions.
• Sources and platforms: Moneycontrol for market-cap rankings; NSE/BSE websites for daily high and low data; Google charts for the examples.

Disclosures and cautions

The presenter says the video is for educational purposes and does not guarantee profit. He states that no trading or investment system is 100% reliable and that viewers may lose money. He advises using personal judgment and says he is not responsible for losses. He also warns viewers about scammers impersonating him or charging for purported premium tips or services.

Presenter and source

Mahesh Chandra Kaushik, who identifies himself as a SEBI-registered research analyst and the video’s presenter.