Intraday Trading Strategy – 1
Axis Bank Ltd
Buy Axis Bank Ltd at / above 546.39 Target 551.97 – 557.86 – 563.78 – 569.73
Stop loss — 540.56
Sell Axis Bank Ltd at / below 540.56 Target 535.03 – 529.26 – 523.52 – 517.82
Stop loss — 546.39
Intraday Trading Strategy – 2
Titan Company Limited
Buy Titan Company Limited at / above 770.06 Target 776.62 – 783.6 – 790.62 – 797.66
Stop loss — 763.14
Sell Titan Company Limited at / below 763.14 Target 756.62 – 749.76 – 742.93 – 736.13
Stop loss — 770.06
Intraday Trading Strategy – 3
Cipla Limited
Buy Cipla Limited at / above 594.14 Target 599.94 – 606.08 – 612.25 – 618.45
Stop loss — 588.06
Sell Cipla Limited at / below 588.06 Target 582.3 – 576.28 – 570.3 – 564.34
Stop loss — 594.14
Intraday Trading Strategy – 4
Grasim Industries Limited
Buy Grasim Industries Limited at / above 1181.64 Target 1189.65 – 1198.29 – 1206.95 – 1215.65
Stop loss — 1173.06
Sell Grasim Industries 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
Take Trade Decision after 9:30 AM
FreeStockAnalysis Axis Bank Ltd,Titan Company Limited,Cipla Limited,Grasim Industries 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.