Intraday Trading Strategy – 1
Tamil Nadu Newsprint and Papers Limited
Buy Tamil Nadu Newsprint and Papers Limited at / above 342.5 Targets: 346.7 – 351 – 356 – 360.5
Stop loss — 337
Sell Tamil Nadu Newsprint and Papers Limited at / below 337 Targets: 333.5 – 328.8 – 324 – 319.7
Stop loss — 342
Intraday Trading Strategy – 2
Vedanta Limited
Buy Vedanta Limited at / above 328.5 Targets: 333 – 337 – 342 – 346.5
Stop loss — 324
Sell Vedanta Limited at / below 324 Targets: 319.8 – 315 – 311 – 306
Stop loss — 328
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Tamil Nadu Newsprint and Papers Limited,Vedanta 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.