Intraday Trading Strategy – 1

Punjab National Bank

Buy Punjab National Bank at / above 144 Target 146.94 – 149.98 – 153.06 – 156.17

Stop loss — 141.01

Sell Punjab National Bank at / below 141.01 Target 138.13 – 135.2 – 132.31 – 129.45

Stop loss — 144

 

Intraday Trading Strategy – 2

TVS Motor Company Limited

Buy TVS Motor Company Limited at / above 588.06 Target 593.84 – 599.94 – 606.08 – 612.25

Stop loss — 582.01

Sell TVS Motor Company Limited at / below 582.01 Target 576.28 – 570.3 – 564.34 – 558.41

Stop loss — 588.06

 

Intraday Trading Strategy – 3

LIC Housing Finance Limited

Buy LIC Housing Finance Limited at / above 663.06 Target 669.18 – 675.66 – 682.17 – 688.71

Stop loss — 656.64

Sell LIC Housing Finance Limited at / below 656.64 Target 650.57 – 644.21 – 637.88 – 631.58

Stop loss — 663.06

 

Intraday Trading Strategy – 4

Shriram Transport Finance Company Limited

Buy Shriram Transport Finance Company Limited at / above 968.76 Target 976.07 – 983.89 – 991.75 – 999.64

Stop loss — 961

Sell Shriram Transport Finance Company Limited at / below 961 Target 953.74 – 946.03 – 938.35 – 930.71

Stop loss — 968.76

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Punjab National Bank,TVS Motor Company Limited,LIC Housing Finance Limited,Shriram Transport Finance Company 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.