Intraday Trading Strategy – 1

Bank of Baroda

Buy Bank of Baroda at / above 138.06 Target 140.94 – 143.92 – 146.94 – 149.98

Stop loss — 135.14

Sell Bank of Baroda at / below 135.14 Target 132.31 – 129.45 – 126.62 – 123.82

Stop loss — 138.06

 

Intraday Trading Strategy – 2

Dewan Housing Finance Corporation Limited

Buy Dewan Housing Finance Corporation Limited at / above 558.14 Target 563.78 – 569.73 – 575.71 – 581.72

Stop loss — 552.25

Sell Dewan Housing Finance Corporation Limited at / below 552.25 Target 546.66 – 540.83 – 535.03 – 529.26

Stop loss — 558.14

 

Intraday Trading Strategy – 3

Tech Mahindra Limited

Buy Tech Mahindra Limited at / above 467.64 Target 472.82 – 478.27 – 483.75 – 489.27

Stop loss — 462.25

Sell Tech Mahindra Limited at / below 462.25 Target 457.11 – 451.78 – 446.48 – 441.22

Stop loss — 467.64

 

Intraday Trading Strategy – 4

Kotak Mahindra Bank Limited

Buy Kotak Mahindra Bank Limited at / above 1032.01 Target 1039.54 – 1047.61 – 1055.72 – 1063.85

Stop loss — 1024

Sell Kotak Mahindra Bank Limited at / below 1024 Target 1016.52 – 1008.56 – 1000.64 – 992.74

Stop loss — 1032.01

 

All prices relate to the NSE Spot/Cash Market

Take Trade Decision after 9:30 AM

FreeStockAnalysis Bank of Baroda,Dewan Housing Finance Corporation Limited,Tech Mahindra Limited,Kotak Mahindra Bank 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.