Intraday Trading Strategy – 1

Cipla Limited

Buy Cipla Limited at / above 606.39 Target 612.25 – 618.45 – 624.68 – 630.94

Stop loss — 600.25

Sell Cipla Limited at / below 600.25 Target 594.43 – 588.35 – 582.3 – 576.28

Stop loss — 606.39

 

Intraday Trading Strategy – 2

Century Textiles and Industries Limited

Buy Century Textiles and Industries Limited at / above 1287.01 Target 1295.35 – 1304.36 – 1313.4 – 1322.47

Stop loss — 1278.06

Sell Century Textiles and Industries Limited at / below 1278.06 Target 1269.77 – 1260.88 – 1252.01 – 1243.18

Stop loss — 1287.01

 

Intraday Trading Strategy – 3

Havells India Limited

Buy Havells India Limited at / above 546.39 Target 551.97 – 557.86 – 563.78 – 569.73

Stop loss — 540.56

Sell Havells India Limited at / below 540.56 Target 535.03 – 529.26 – 523.52 – 517.82

Stop loss — 546.39

 

Intraday Trading Strategy – 4

Bharat Forge Limited

Buy Bharat Forge Limited at / above 650.25 Target 656.31 – 662.73 – 669.18 – 675.66

Stop loss — 643.89

Sell Bharat Forge Limited at / below 643.89 Target 637.88 – 631.58 – 625.31 – 619.07

Stop loss — 650.25

 

All prices relate to the NSE Spot/Cash Market

Take Trade Decision after 9:30 AM

FreeStockAnalysis Cipla Limited,Century Textiles and Industries Limited,Havells India Limited,Bharat Forge Limited based on the previous trading day’s price activity.

Intraday call is valid for the next trading session only unless otherwise mentioned.

Stop-loss levels are given so that there is a level below/above, which the market will tell us that the call has gone wrong. Stop-loss is an essential risk control mechanism; it should always be there.

Book, at least, part profits when the prices reach their targets; if you continue to hold on to positions then use trailing stops to lock in your profits.