Intraday Trading Strategy – 1
ITC Limited
Buy ITC Limited at / above 248.06 Target 251.88 – 255.87 – 259.88 – 263.93
Stop loss — 244.14
Sell ITC Limited at / below 244.14 Target 240.37 – 236.5 – 232.67 – 228.88
Stop loss — 248.06
Intraday Trading Strategy – 2
Voltas Limited
Buy Voltas Limited at / above 324 Target 328.35 – 332.89 – 337.47 – 342.07
Stop loss — 319.51
Sell Voltas Limited at / below 319.51 Target 315.22 – 310.79 – 306.4 – 302.04
Stop loss — 324
Intraday Trading Strategy – 3
Indian Oil Corporation Limited
Buy Indian Oil Corporation Limited at / above 484 Target 489.27 – 494.81 – 500.39 – 505.99
Stop loss — 478.51
Sell Indian Oil Corporation Limited at / below 478.51 Target 473.29 – 467.87 – 462.48 – 457.11
Stop loss — 484
Intraday Trading Strategy – 4
HDFC Bank Limited
Buy HDFC Bank Limited at / above 1181.64 Target 1189.65 – 1198.29 – 1206.95 – 1215.65
Stop loss — 1173.06
Sell HDFC Bank Limited at / below 1173.06 Target 1165.09 – 1156.57 – 1148.08 – 1139.63
Stop loss — 1181.64
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis ITC Limited,Voltas Limited,Indian Oil Corporation Limited,HDFC Bank 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.