Intraday Trading Strategy – 1
Godrej Industries Limited
Buy Godrej Industries Limited at / above 351.56 Target 356.08 – 360.81 – 365.58 – 370.37
Stop loss — 346.89
Sell Godrej Industries Limited at / below 346.89 Target 342.42 – 337.8 – 333.22 – 328.67
Stop loss — 351.56
Intraday Trading Strategy – 2
Jubilant Life Sciences Limited
Buy Jubilant Life Sciences Limited at / above 430.56 Target 435.54 – 440.77 – 446.04 – 451.33
Stop loss — 425.39
Sell Jubilant Life Sciences Limited at / below 425.39 Target 420.46 – 415.34 – 410.26 – 405.21
Stop loss — 430.56
Intraday Trading Strategy – 3
Cipla Limited
Buy Cipla Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86
Stop loss — 529
Sell Cipla Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5
Stop loss — 534.76
Intraday Trading Strategy – 4
Lupin Limited
Buy Lupin Limited at / above 1530.76 Target 1539.79 – 1549.61 – 1559.46 – 1569.35
Stop loss — 1521
Sell Lupin Limited at / below 1521 Target 1512.02 – 1502.31 – 1492.63 – 1482.99
Stop loss — 1530.76
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Godrej Industries Limited,Jubilant Life Sciences Limited,Cipla Limited,Lupin 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.