Intraday Trading Strategy – 1
Voltas Limited
Buy Voltas Limited at / above 342.25 Target 346.71 – 351.38 – 356.08 – 360.81
Stop loss — 337.64
Sell Voltas Limited at / below 337.64 Target 333.22 – 328.67 – 324.16 – 319.67
Stop loss — 342.25
Intraday Trading Strategy – 2
Havells India Limited
Buy Havells India Limited at / above 365.76 Target 370.37 – 375.2 – 380.05 – 384.94
Stop loss — 361
Sell Havells India Limited at / below 361 Target 356.44 – 351.73 – 347.06 – 342.42
Stop loss — 365.76
Intraday Trading Strategy – 3
Axis Bank Limited
Buy Axis Bank Limited at / above 540.56 Target 546.11 – 551.97 – 557.86 – 563.78
Stop loss — 534.76
Sell Axis Bank Limited at / below 534.76 Target 529.26 – 523.52 – 517.82 – 512.14
Stop loss — 540.56
Intraday Trading Strategy – 4
Biocon Limited
Buy Biocon Limited at / above 715.56 Target 721.9 – 728.63 – 735.39 – 742.19
Stop loss — 708.89
Sell Biocon Limited at / below 708.89 Target 702.6 – 695.98 – 689.4 – 682.85
Stop loss — 715.56
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Voltas Limited,Havells India Limited,Axis Bank Limited,Biocon 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.