What's New

The two features we've promised for months are now live for everyone, on Desktop and Android. Both were built in-house and needed a backend rebuild plus a month of exchange approvals hence the delay. There's a third addition too: two trade forecasting tools.

Trailing SL

A normal stop loss stays put, so you end up dragging it up by hand to lock in a winning trade and giving back profit the moment you look away. Trailing SL follows price as it moves in your favour, at a distance you set in points, and never moves back against you.

Set it in the protection form, or tap the new +Trail box next to the SL on your chart. Once it's on, your SL label becomes TSL and the line trails on its own. It runs on our backend, so it keeps working even if your connection drops.

How to access: Protection form, or the +Trail box on the SL line.

Protection for equity

Until now, Protection was an F&O-only feature. This week it comes to equity.

After an intraday (MIS) order fills, the position shows Not Protected in red. You can either Tap Protect from the three-dots menu on your position card or you can simply set your SL/TP by drag and drop directly on the chart itself.

Long & Short Position tool

A new Forecasting menu in the left toolbar, with two tools to plan a trade before you place it.

Drop a Long Position on the chart and set entry, target, and stop. The reward zone shows green, the risk zone red, and the labels give you the distance in points and percent, the rupee amount for your quantity, the risk-to-reward, and a live Open P&L. Drag any line and it all recalculates. Short Position is the same, flipped.

How to access: Left toolbar → Forecasting → Long Position or Short Position.

See you at the Lab.

— Archit

Let me start with what you care about most. I will not bury it. From 30 June 2026, brokerage on Punch moves from ₹1 to ₹10 per executed order, across equity, futures, and options.

I know what that number feels like. Many of you came to Punch for ₹1, and some opened more than one account for it. You have every right to ask why, and whether you can still trust us.

What ₹1 was for

₹1 proved a mission: pro-grade trading for every Indian trader. Over time it became part of the promise itself, and many of you planned around it, which we do not take lightly.

And it worked. In eight months, order volume grew 6X and active traders grew 5X, while Builder's Lab crossed 2,700 posts and 5,300 votes, built alongside you. That chapter is complete, and the next costs more to build.

Why ₹10, and why now

For six months we have tested what AI can really do for a trader, not the hype but the real thing. We met traders, broke things, and learned where it helps.

AI is everywhere, but free AI is unreliable, paid AI is expensive, and none of it knows your trades. Building AI that is accurate and affordable for Indian traders takes real, expensive infrastructure. ₹1 is enough to run a trading platform, but not enough to invest in the AI mission. ₹10 gives us that base, with nothing hidden behind it. We chose the honest path: a fair price, built in the open.

The AI mission

The mission is simple: AI that is accurate, reliable, and affordable, made for how Indian traders trade. ₹10 invests in it. Over the next few weeks it ships as four products, led by Punch AI.

1. Punch AI. Reads your charts, learns your style, and helps you scan, alert, and back test.

2. Research Desk. Institutional-grade briefings before, during, and after market hours.

3. Trading Journal. Dissects your trades, surfaces your patterns, and coaches you.

4. Pine Script on Punch. Paste any script and AI plots it on your charts.

The core Punch AI is included in your brokerage; only the advanced, heavy-compute features are an optional paid add-on.

Now let me answer what you asked in the webinar

"I don't use AI. Why should I pay?" Because AI is the next big step in trading, and we have a track record of getting there first: native charts in 2016, single-screen trading in 2023. ₹10 lets us invest in the AI mission and build it for you. Even if you never touch AI, the platform keeps getting better for everyone.

"Can I opt out, or get a cheaper plan?" Not from ₹10; it is the flat default for every trader. But scalpers and high-frequency traders feel this most, as per-order cost adds up fast for them. We are thinking hard about monthly subscription plans built for them.

"Fix the basics first." Fair. Chart speed, withdrawals, and execution must be rock solid. Those are ours to fix, not yours to put up with, and we are on them.

"Is this a bait and switch?" No. ₹1 was never a trap to pull you in and raise the price later; it was a real experiment that paid off. We are raising it to build what comes next, and telling you why first.

Where we go from here

The ambition that built native charts and single-screen trading now goes to AI. That is the company you backed at ₹1, and it is the same company at ₹10.

Thank you for trading with us, and for being honest. We will keep earning it.

Amit Dhakad
Founder and CEO, Punch

This week at Punch has largely been about fixing issues many of you have raised on the Builder's Lab and through support. So instead of a feature walkthrough, I wanted to take you behind the scenes on what's been cooking under the hood.

Last week I mentioned we were rolling out two long-awaited features: Trailing SL and Protection for equity. Both have been built in-house from the ground up, and shipping them required a significant architectural change to our backend. That work took longer than we expected, and approvals at the exchange sat with us for almost a month.

When we were finally ready to release, we made a deliberate call. Rather than push both features to thousands of traders at once, we'd start with a small group and watch closely for issues. This is how most software teams ship changes of this size, and we're glad we did it this way. We hit a snag this morning and had to pause the rollout. Today was a day of firefighting on our end, working through the issues and getting the rollout plan back on track.

We're aiming to have both features fully available to everyone by the weekend.

On the lag many of you noticed on the charts yesterday: that was an API issue on one of our data sources. It's now fixed. Things should feel back to normal.

Two more things worth sharing before I sign off.

One, there's a first-of-its-kind feature releasing on Punch this week: Shareable Dashboards. I'd rather not say more until you've seen it for yourself. I'll write a proper note next week once it's in your hands.

Two, the Scalper Joystick on Punch Desktop is built and ready. The team is running live testing over the next few days, and we'll release it shortly after.

Until next week

-Archit

With more than 300 votes on Builder's Lab, Kill Switch has been one of the most requested features on Punch.

Today, we're excited to launch Kill Switch, along with two other major additions. This is one of our biggest release weeks yet.

Let's get to it.

Introducing Kill Switch

There are days when the best thing you can do is stop trading. Kill Switch is built for those moments.

You can now temporarily lock yourself out of trading directly from the Jump-To menu. Choose whether to disable Equity, F&O, or both, and select a duration of 1, 2, 4, 6, or 8 hours.

Once activated:

• All pending orders are cancelled.

• Open positions are squared off.

• New orders in the selected segments are blocked until the timer expires.

A few things worth knowing:

• Kill Switch is irrevocable once activated. There is no early exit.

• It automatically resets when the selected duration ends.

• It syncs across devices in real time.

• It can only be activated during market hours.

• You can continue to access charts, watchlists, portfolios, and option chains. Only order placement is restricted.

We hope Kill Switch helps traders avoid the costly mistakes that often come from emotional decision-making.

Next up is one of the most requested indicators on Builder's Lab—and a Punch exclusive built entirely in-house.

RSI Divergence & Breakout

This indicator combines two ideas.

First, it detects bullish and bearish RSI divergences. Second, it waits for price to confirm the setup with a breakout before generating a signal.

A lot of divergences look great on a chart but never play out. The breakout filter helps separate genuine opportunities from noise.

Once a signal triggers, the indicator automatically plots:

• Entry

• Stop Loss

• Target 1

• Target 2

It then tracks the setup through its lifecycle and marks the final outcome directly on the chart.

You can customize RSI parameters, pivot detection, breakout confirmation windows, stop-loss and target behaviour, and signal management settings.

How to access: Indicators (Fx) → Search "RSI Divergence & Breakout"

Trade Directly From The Chart

This one is a small feature, but it can make a meaningful difference to your workflow.

Imagine you're looking at a chart and decide you want to buy NIFTY 23950 CE at ₹154.25.

Previously, you'd open the order form, change the order type, enter the price, and then place the trade.

Now, simply right-click on the chart at your desired price.

You'll see options to:

• Buy at this price as a limit order

• Sell at this price as a trigger order

The price you clicked is automatically populated. Review the order, adjust quantity if needed, and place it.

Fewer clicks. Faster execution.

And that's it—three new features designed to give traders more control, better signals, and a faster workflow.

One more thing.

We're rolling out Trailing SL this week.

This feature has taken longer to build than we expected, but it's finally ready.

Keep an eye on next week's changelog

Trailing SL is coming. And so is another surprise.

See you next week.

— Archit

Hey traders,

A theme has been emerging on the Builder’s lab over the last few weeks. People aren't asking for big new features, except a few which are already under development. They're asking for control over what's already there. Make my chart background lighter. Let me set my own time interval. Let me put text on a Fib. Small things that change how it feels to use Punch for 6 hours straight.

This week's release is mostly about that.

Chart customisation, properly

Until now, the only thing you could change on the chart itself was candle colours. Everything else (background, grid lines, the scales, the empty space around your candles) was locked to our defaults. Some of you have been writing in about this for a while.

That's open now. There's a new Chart settings panel with sections for:

• Chart Basics. Background colour and style (solid or gradient), grid lines, pane separators, crosshair colour and style, watermark.

• Scales. Text size and colour for axis labels. Line colour for the scale itself.

• Buttons. Show or hide the navigation arrows on the chart.

• Margins. Top and bottom margins as a % of chart height. Right margin in bars, so you can leave room to project lines past the latest candle.

• Chart Type Settings. The existing one. Candle colours, borders, hollow candles.

The bigger shift is that settings are now scoped per canvas. Change one canvas in your dashboard without it cascading to every chart you've ever opened. There's an "Apply to all canvases in this dashboard" checkbox next to APPLY if you do want the change to spread.

Trend-Based Fib Extension

If you trade pullbacks, you've probably been using Fib Retracement to find where a correction might end. The Trend-Based Fib Extension answers the other half of that question: where might price go after the pullback ends?

Three clicks instead of two. Point A is the start of the impulse move, B is the end, C is where the pullback completed. The tool projects extension levels from C using the A-to-B distance. 0.236, 0.382, 0.618, 1.0, 1.618, 2.618, all the standard ratios.

How to access: Drawing toolbar → Fibonacci → Trend-Based Fib Extension.

Custom time intervals

The fixed preset list (1m, 5m, 15m, 30m, 1H, and so on) has been a recurring ask. If your strategy runs on a 7-minute candle or a 3-day candle, you've had to either change your strategy or trade somewhere else.

Now you can set your own. Tap "+ Custom" in the time interval picker, enter a number, pick the unit (minutes, hours, or days), and save. Up to 10 custom intervals can be pinned alongside the presets, synced across your devices.

NOTE : Integers only for now. No 1.5H or 2.5m.

Until next week. See you at the lab. 

— Archit

Hey everyone,

Drawing tools have quietly become one of the most used features of Punch Desktop. Trendlines, Fibs, rectangles, rays — a lot of you are building entire trading workflows around them now.

But over time, charts start getting messy. You forget why a line was drawn, which rectangle marked the entry zone, or what that Fib was tracking. Eventually you either rely on memory or wipe the chart clean and start over.

This week’s release is focused on solving that.

Drawing Pen on Desktop

Until now, drawings on Punch were mostly structured — straight lines, rectangles, Fibs, etc. But sometimes you just want to quickly circle a pattern, sketch out a rough zone, or mark up a chart freely the way you would on paper.

You can now do that with the new Drawing Pen.

Just select the pen tool and draw directly on the chart canvas. Every stroke becomes its own editable object, so you can move it, resize it, recolour it, or delete it individually. Colour, width, and opacity are fully customizable.

How to access: Left-side drawing toolbar → Pen icon.

Text Labels on Drawings

The second long-pending addition — labels on drawings.

You can now double-click supported drawings and attach text directly to them. So instead of trying to remember why a level mattered, you can simply label it “Daily Resistance”, “Trap Zone”, “Entry”, or anything else relevant to your setup.

Multi-line labels are supported, and label styling can be customized from the drawing settings panel.

How to access: Double-click any supported drawing.

Other smaller updates

• Search inside Indicators panel on Android

• Rectangle & Rotated Rectangle now also released on Android

• Plot up to 3 instances of pivot indicators on the same chart

• Bigger colour palette for indicators & drawings on Desktop

Bug fixes

• Opening the Option Chain from the Jump-To menu was occasionally giving you a blank screen. Fixed.

• Login OTP reliability. A few people had been hitting flaky OTP delivery on login. Worked through the underlying issues with our provider, should be solid now.

See you next Wednesday.

– Archit

A piece of feedback I’ve heard repeatedly from Builder's Lab: "My SL gets filled too far from my trigger. Why can't I tighten that?"

Fair point. On every trigger order, Punch was calculating a limit price behind the scenes: 5% from trigger for options, 1% for equity and futures. You couldn't see it. You couldn't change it.

This week's main release fixes that. The other change brings Magnet Mode to Desktop.

Market Protection, now visible and adjustable

There's a new Market Protection section in Settings. Set your preferred % per instrument type (Stocks, Futures, Index Options, Stock Options) once. It applies to every trigger order you place for that type. Range is 0.1% to 10%. System defaults stay at 1% and 5% if you don't touch it.

On every order form (standalone trigger, SL leg, TP leg), you'll now see a one-line row below the trigger price showing the active % and the computed limit price. Tap it to override for this trade only. Pick from chips (0.5%, 1%, 2%, 3%, 5%) or enter a custom value. The override doesn't get saved back to Settings. The next order goes back to your default. To save your market protection % preference, go to global settings → switch over to the “Market protection“ tab and save you preferred % per instrument type.

A higher protection % gives your SL more room to fill in a fast-moving market whilst a lower % keeps fills tight to the trigger. You decide where on that curve you want to sit, per instrument type, per trade.

How to access: Settings → Market Protection. Or tap the protection row on any trigger order form.

Magnet Mode on Desktop

Drawing a trendline from one candle high to another used to require zooming in and squinting. Magnet Mode fixes that.

Drawing anchors now snap to candle OHLC values automatically. Click the magnet icon on the left toolbar to open the submenu and choose a mode:

Weak snaps only when your cursor is close to an OHLC value. Otherwise places freely.

Strong always snaps to the nearest OHLC, regardless of where you click.

Works across every drawing tool with anchor points: Trend Line, Extended Line, Horizontal Line, Horizontal Ray, Vertical Line, Fib Retracement, Rectangle, and Rotated Rectangle.

There's also a Snap to Indicators toggle in the same submenu. Turn it on and anchors snap to indicator values on the chart too: EMA, SMA, Bollinger Bands, Supertrend, VWAP, and anything else plotted. The system picks whichever target (OHLC or indicator) is closest to your cursor. Useful for drawing trendlines off a moving average or marking exactly where price touched VWAP.

How to access: Magnet icon on the left drawing toolbar.

See you at the Lab.

– Archit Sunat

The loudest piece of feedback after we launched Key Levels and Pivot Points on Android was: we want them on Desktop too.

So here they are, with a quick refresher on what they do.

Key Levels covers six timeframes — intraday, daily, weekly, monthly, 52-week, and Monday range — with OHLC and midpoint as toggleable levels, each with its own colour, width, and style.

Pivot Points has been split into Standard, Fibonacci, and Camarilla as standalone indicators, with CPR as its own entry. Plot any combination simultaneously instead of picking one from a dropdown.

Full notes from the original release here.

Delete all drawings and indicators in one click

Removing drawings used to be a one-by-one task. Tap a trendline, delete. Tap the next one, delete. On a busy chart, this got tedious fast.

The trash icon now clears everything in one tap. It also counts what's on the chart and lets you choose — drawings only, indicators only, or both. So if you want to keep your trendlines but wipe the indicators, that's one tap instead of opening the indicators panel and removing them individually.

Locked drawings are protected by default. There's an "Always remove locked drawings" toggle in the same menu if you'd rather skip the protection.

How to access: Trash icon on the chart toolbar.

💬 What's next

That's all for today. A few things are cooking in the Punch oven:

• Search inside the indicators panel

• Trailing stop loss

• Protection for equity trading

• Configurable market protection % for trigger orders

• A ± stepper input to replace the scroll wheel when setting SL/TP

All of the above are expected to be released in the next couple of weeks.

See you at the Lab. 

— Archit Sunat