Intraday Trading Strategy – 1

ICICI Bank

Buy ICICI Bank Above 197 Target 1 — 199 Target 2 — 202 Target 3 — 206 Target 4 — 209

Stop loss — 193

Sell ICICI Bank Below 192 Target 1 — 190 Target 2 — 187 Target 3 — 183 Target 4 — 180

Stop loss — 195

 

Intraday Trading Strategy – 2

Biocon

Buy Biocon Above 447 Target 1 — 450 Target 2 — 456 Target 3 — 461 Target 4 — 466

Stop loss — 442

Sell Biocon Below 440 Target 1 — 437 Target 2 — 432 Target 3 — 427 Target 4 — 421

Stop loss — 445

 

Intraday Trading Strategy – 3

Reliance Infrastructure

Buy Reliance Infrastructure Above 406 Target 1 — 409 Target 2 — 414 Target 3 — 419 Target 4 — 424

Stop loss — 401

Sell Reliance Infrastructure Below 399 Target 1 — 396 Target 2 — 391 Target 3 — 386 Target 4 — 382

Stop loss — 404

 

Intraday Trading Strategy – 4

Bharat Forge

Buy Bharat Forge Above 750 Target 1 — 755 Target 2 — 762 Target 3 — 769 Target 4 — 776

Stop loss — 744

Sell Bharat Forge Below 741 Target 1 — 737 Target 2 — 730 Target 3 — 724 Target 4 — 717

Stop loss — 748

 

All prices relate to the NSE Spot/Cash Market

Intraday Trading Strategy ICICI Bank,Biocon,Reliance Infrastructure,Bharat Forge 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.