Intraday Trading Strategy – 1

Biocon

Buy Biocon Above 469 Target 1 — 472 Target 2 — 477 Target 3 — 483 Target 4 — 488

Stop loss — 463

Sell Biocon Below 461 Target 1 — 458 Target 2 — 453 Target 3 — 447 Target 4 — 442

Stop loss — 467

 

Intraday Trading Strategy – 2

Reliance Capital

Buy Reliance Capital Above 348 Target 1 — 350 Target 2 — 355 Target 3 — 360 Target 4 — 365

Stop loss — 343

Sell Reliance Capital Below 341 Target 1 — 339 Target 2 — 334 Target 3 — 330 Target 4 — 325

Stop loss — 346

 

Intraday Trading Strategy – 3

Tata Motors

Buy Tata Motors Above 325 Target 1 — 327 Target 2 — 332 Target 3 — 336 Target 4 — 341

Stop loss — 321

Sell Tata Motors Below 319 Target 1 — 316 Target 2 — 312 Target 3 — 307 Target 4 — 303

Stop loss — 323

 

Intraday Trading Strategy – 4

Yes Bank

Buy Yes Bank Above 786 Target 1 — 789 Target 2 — 796 Target 3 — 803 Target 4 — 810

Stop loss — 779

Sell Yes Bank Below 776 Target 1 — 772 Target 2 — 765 Target 3 — 758 Target 4 — 751

Stop loss — 782

 

All prices relate to the NSE Spot/Cash Market

Intraday Trading Strategy Biocon,Reliance Capital,Tata Motors,Yes Bank 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.