Intraday Trading Strategy – 1

Reliance Infrastructure

Buy Reliance Infrastructure Above 463.25 Target 1 — 466.41 Target 2 — 471.83 Target 3 — 477.28 Target 4 — 482.76

Stop loss — 457

Sell Reliance Infrastructure below 455.5 Target 1 — 452.5 Target 2 — 447 Target 3 — 442 Target 4 — 436    

Stop loss — 462

 

Intraday Trading Strategy – 2

Century Textiles

Buy Century Textiles Above 530 Target 1 — 533.5 Target 2 — 539.29 Target 3 — 545.12 Target 4 — 550.97

Stop loss — 524

Sell Century Textiles below 524 Target 1 — 516.5 Target 2 — 513 Target 3 — 507 Target 4 — 502    

Stop loss — 528

 

Intraday Trading Strategy – 3

Bharat Forge

Buy Bharat Forge Above 842 Target 1 — 846.84 Target 2 — 854.13 Target 3 — 861.46 Target 4 — 868.81

Stop loss — 834

Sell Bharat Forge below 834 Target 1 — 827.5 Target 2 — 820 Target 3 — 813 Target 4 — 806    

Stop loss — 840

 

Intraday Trading Strategy – 4

HDFC

Buy HDFC Above 1182.64 Target 1 — 1188.65 Target 2 — 1197.29 Target 3 — 1205.96 Target 4 — 1214.66

Stop loss — 1173

Sell HDFC below 1172 Target 1 — 1166 Target 2 — 1157 Target 3 — 1150 Target 4 — 1141    

Stop loss — 1180

 

All prices relate to the NSE Spot/Cash Market

Intraday Trading Strategy Reliance Infrastructure,Century Textiles,Bharat Forge,HDFC 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.