Intraday Trading Strategy – 1
HDFC
Buy HDFC Above 1130.6 Target 1 — 1138.5 Target 2 — 1146.9 Target 3 — 1155.4 Target 4 — 1163.9
Stop loss — 1122.2
Sell HDFC Below 1122.2 Target 1 — 1114.4 Target 2 — 1106.1 Target 3 — 1097.8 Target 4 — 1089.5
Stop loss — 1130.2
Intraday Trading Strategy – 2
Ceat
Buy Ceat Above 1089 Target 1 — 1096.7 Target 2 — 1105 Target 3 — 1113.3 Target 4 — 1121.7
Stop loss –1080.8
Sell Ceat Below 1080.8 Target 1 — 1073.1 Target 2 — 1064.9 Target 3 — 1056.8 Target 4 — 1048.7
Stop loss — 1089
Intraday Trading Strategy – 3
Reliance Capital
Buy Reliance Capital Above 365.8 Target 1 — 370.4 Target 2 — 375.2 Target 3 — 380.1 Target 4 — 384.9
Stop loss — 361
Sell Reliance Capital Below 361 Target 1 — 356.4 Target 2 — 351.7 Target 3 — 347.1 Target 4 — 342.4
Stop loss — 365.8
Intraday Trading Strategy – 4
IOC
Buy IOC Above 395 Target 1 — 399.8 Target 2 — 404.8 Target 3 — 409.9 Target 4 — 414.9
Stop loss — 390.1
Sell IOC Below 390.1 Target 1 — 385.3 Target 2 — 380.4 Target 3 — 375.6 Target 4 — 370.7
Stop loss — 395
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis HDFC,Ceat,Reliance Capital,IOC 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.