Intraday Trading Strategy – 1
Coal India Limited
Buy Coal India Limited at / above 293.26 Target 297.41 – 301.73 – 306.09 – 310.48
Stop loss — 289
Sell Coal India Limited at / below 289 Target 284.9 – 280.7 – 276.52 – 272.38
Stop loss — 293.26
Intraday Trading Strategy – 2
Indian Oil Corporation Limited
Buy Indian Oil Corporation Limited at / above 420.25 Target 425.17 – 430.34 – 435.54 – 440.77
Stop loss — 415.14
Sell Indian Oil Corporation Limited at / below 415.14 Target 410.26 – 405.21 – 400.2 – 395.21
Stop loss — 420.25
Intraday Trading Strategy – 3
Just Dial Limited
Buy Just Dial Limited at / above 689.06 Target 695.29 – 701.89 – 708.53 – 715.2
Stop loss — 682.51
Sell Just Dial Limited at / below 682.51 Target 676.33 – 669.85 – 663.39 – 656.96
Stop loss — 689.06
Intraday Trading Strategy – 4
HCL Technologies Limited
Buy HCL Technologies Limited at / above 742.56 Target 749.01 – 755.87 – 762.75 – 769.67
Stop loss — 735.76
Sell HCL Technologies Limited at / below 735.76 Target 729.36 – 722.62 – 715.92 – 709.24
Stop loss — 742.56
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Coal India Limited,Indian Oil Corporation Limited,Just Dial Limited,HCL Technologies 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.