Intraday Trading Strategy – 1
Tata Steel Limited
Buy Tata Steel Limited at / above 695.64 Target 701.89 – 708.53 – 715.2 – 721.9
Stop loss — 689.06
Sell Tata Steel Limited at / below 689.06 Target 682.85 – 676.33 – 669.85 – 663.39
Stop loss — 695.64
Intraday Trading Strategy – 2
Cipla Ltd
Buy Cipla Ltd at / above 588.06 Target 593.84 – 599.94 – 606.08 – 612.25
Stop loss — 582.01
Sell Cipla Ltd at / below 582.01 Target 576.28 – 570.3 – 564.34 – 558.41
Stop loss — 588.06
Intraday Trading Strategy – 3
Biocon Ltd
Buy Biocon Ltd at / above 351.56 Target 356.08 – 360.81 – 365.58 – 370.37
Stop loss — 346.89
Sell Biocon Ltd at / below 346.89 Target 342.42 – 337.8 – 333.22 – 328.67
Stop loss — 351.56
Intraday Trading Strategy – 4
Arvind Limited
Buy Arvind Limited at / above 390.06 Target 394.81 – 399.8 – 404.81 – 409.85
Stop loss — 385.14
Sell Arvind Limited at / below 385.14 Target 380.44 – 375.57 – 370.74 – 365.94
Stop loss — 390.06
All prices relate to the NSE Spot/Cash Market
Take Trade Decision after 9:30 AM
FreeStockAnalysis Tata Steel Limited,Cipla Ltd,Biocon Ltd,Arvind 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.