Intraday Trading Strategy – 1

Vedanta Limited

Buy Vedanta Limited at / above 306.25 Target 310.48 – 314.9 – 319.35 – 323.83

Stop loss — 301.89

Sell Vedanta Limited at / below 301.89 Target 297.71 – 293.41 – 289.14 – 284.9

Stop loss — 306.25

 

Intraday Trading Strategy – 2

Axis Bank Limited

Buy Axis Bank Limited at / above 506.25 Target 511.63 – 517.3 – 523 – 528.73

Stop loss — 500.64

Sell Axis Bank Limited at / below 500.64 Target 495.31 – 489.76 – 484.24 – 478.75

Stop loss — 506.25

 

Intraday Trading Strategy – 3

Godrej Industries Limited

Buy Godrej Industries Limited at / above 625 Target 630.94 – 637.24 – 643.56 – 649.92

Stop loss — 618.76

Sell Godrej Industries Limited at / below 618.76 Target 612.86 – 606.69 – 600.55 – 594.43

Stop loss — 625

 

Intraday Trading Strategy – 4

HCL Technologies Limited

Buy HCL Technologies Limited at / above 855.56 Target 862.45 – 869.81 – 877.2 – 884.61

Stop loss — 848.26

Sell HCL Technologies Limited at / below 848.26 Target 841.42 – 834.18 – 826.97 – 819.8

Stop loss — 855.56

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis Vedanta Limited,Axis Bank Limited,Godrej Industries Limited,HCL Technologies 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.