Intraday Trading Strategy – 1

Buy ONGC Limited at / above 221.26 Target 224.88 – 228.65 – 232.44 – 236.27

Stop loss — 217.56

Sell ONGC Limited at / below 217.56 Target 213.99 – 210.35 – 206.74 – 203.16

Stop loss — 221.26

Intraday Trading Strategy – 2

Buy ITC Limited at / above 351.56 Target 356.08 – 360.81 – 365.58 – 370.37

Stop loss — 346.89

Sell ITC Limited at / below 346.89 Target 342.42 – 337.8 – 333.22 – 328.67

Stop loss — 351.56

Intraday Trading Strategy – 3

Buy Jet Airways Limited at / above 570.01 Target 575.71 – 581.72 – 587.76 – 593.84

Stop loss — 564.06

Sell Jet Airways Limited at / below 564.06 Target 558.41 – 552.52 – 546.66 – 540.83

Stop loss — 570.01

Intraday Trading Strategy – 4

Buy Dr Reddys Laboratories Limited at / above 3080.25 Target 3092.59 – 3106.5 – 3120.45 – 3134.43

Stop loss — 3066.39

Sell Dr Reddys Laboratories Limited at / below 3066.39 Target 3054.08 – 3040.28 – 3026.51 – 3012.77

Stop loss — 3080.25

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis ONGC Limited,ITC Limited,Jet Airways Limited,Dr Reddys Laboratories 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.