Intraday Trading Strategy – 1
Tata Motors Limited
Buy Tata Motors Limited at / above 319.51 Target 323.83 – 328.35 – 332.89 – 337.47
Stop loss — 315.06
Sell Tata Motors Limited at / below 315.06 Target 310.79 – 306.4 – 302.04 – 297.71
Stop loss — 319.51
Intraday Trading Strategy – 2
LIC Housing Finance Limited
Buy LIC Housing Finance Limited at / above 478.51 Target 483.75 – 489.27 – 494.81 – 500.39
Stop loss — 473.06
Sell LIC Housing Finance Limited at / below 473.06 Target 467.87 – 462.48 – 457.11 – 451.78
Stop loss — 478.51
Intraday Trading Strategy – 3
Axis Bank Limited
Buy Axis Bank Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86
Stop loss — 529
Sell Axis Bank Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5
Stop loss — 534.76
Intraday Trading Strategy – 4
Lupin Limited
Buy Lupin Limited at / above 1444 Target 1452.78 – 1462.33 – 1471.9 – 1481.5
Stop loss — 1434.51
Sell Lupin Limited at / below 1434.51 Target 1425.77 – 1416.34 – 1406.95 – 1397.58
Stop loss — 1444
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Tata Motors Limited,LIC Housing Finance Limited,Axis Bank Limited,Lupin 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.