Intraday Trading Strategy – 1
Indo Count Industries Limited
Buy Indo Count Industries Limited at / above 118.26 Target 120.93 – 123.7 – 126.49 – 129.32
Stop loss — 115.56
Sell Indo Count Industries Limited at / below 115.56 Target 112.94 – 110.3 – 107.69 – 105.11
Stop loss — 118.26
Intraday Trading Strategy – 2
ICICI Bank Limited
Buy ICICI Bank Limited at / above 297.56 Target 301.73 – 306.09 – 310.48 – 314.9
Stop loss — 293.26
Sell ICICI Bank Limited at / below 293.26 Target 289.14 – 284.9 – 280.7 – 276.52
Stop loss — 297.56
Intraday Trading Strategy – 3
Tata Chemicals Limited
Buy Tata Chemicals Limited at / above 606.39 Target 612.25 – 618.45 – 624.68 – 630.94
Stop loss — 600.25
Sell Tata Chemicals Limited at / below 600.25 Target 594.43 – 588.35 – 582.3 – 576.28
Stop loss — 606.39
Intraday Trading Strategy – 4
Sun Pharmaceuticals Industries Limited
Buy Sun Pharmaceuticals Industries Limited at / above 489.51 Target 494.81 – 500.39 – 505.99 – 511.63
Stop loss — 484
Sell Sun Pharmaceuticals Industries Limited at / below 484 Target 478.75 – 473.29 – 467.87 – 462.48
Stop loss — 489.51
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Indo Count Industries Limited,ICICI Bank Limited,Tata Chemicals Limited,Sun Pharmaceuticals Industries 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.