Intraday Trading Strategy – 1

Transport Corporation of India Limited

Buy Transport Corporation of India Limited at / above 280.56 Target 284.62 – 288.85 – 293.11 – 297.41

Stop loss — 276.39

Sell Transport Corporation of India Limited at / below 276.39 Target 272.38 – 268.27 – 264.19 – 260.14

Stop loss — 280.56

 

Intraday Trading Strategy – 2

Deepak Fertilisers and Petrochemicals Corp

Buy Deepak Fertilisers and Petrochemicals Corp at / above 484 Target 489.27 – 494.81 – 500.39 – 505.99

Stop loss — 478.51

Sell Deepak Fertilisers and Petrochemicals Corp at / below 478.51 Target 473.29 – 467.87 – 462.48 – 457.11

Stop loss — 484

 

Intraday Trading Strategy – 3

Tata Chemicals Limited

Buy Tata Chemicals Limited at / above 722.26 Target 728.63 – 735.39 – 742.19 – 749.01

Stop loss — 715.56

Sell Tata Chemicals Limited at / below 715.56 Target 709.24 – 702.6 – 695.98 – 689.4

Stop loss — 722.26

 

Intraday Trading Strategy – 4

Voltas Limited

Buy Voltas Limited at / above 552.25 Target 557.86 – 563.78 – 569.73 – 575.71

Stop loss — 546.39

Sell Voltas Limited at / below 546.39 Target 540.83 – 535.03 – 529.26 – 523.52

Stop loss — 552.25

 

All prices relate to the NSE Spot/Cash Market

Take Trade Decision after 9:30 AM

FreeStockAnalysis Transport Corporation of India Limited,Deepak Fertilisers and Petrochemicals Corp,Tata Chemicals Limited,Voltas 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.