Intraday Trading Strategy – 1

ICICI Bank Limited

Buy ICICI Bank Limited at / above 240.25 Target 244.01 – 247.93 – 251.88 – 255.87

Stop loss — 236.39

Sell ICICI Bank Limited at / below 236.39 Target 232.67 – 228.88 – 225.11 – 221.37

Stop loss — 240.25

 

Intraday Trading Strategy – 2

Tata Steel Limited

Buy Tata Steel Limited at / above 333.06 Target 337.47 – 342.07 – 346.71 – 351.38

Stop loss — 328.51

Sell Tata Steel Limited at / below 328.51 Target 324.16 – 319.67 – 315.22 – 310.79

Stop loss — 333.06

 

Intraday Trading Strategy – 3

Reliance Infrastructure Limited

Buy Reliance Infrastructure Limited at / above 534.76 Target 540.29 – 546.11 – 551.97 – 557.86

Stop loss — 529

Sell Reliance Infrastructure Limited at / below 529 Target 523.52 – 517.82 – 512.14 – 506.5

Stop loss — 534.76

 

Intraday Trading Strategy – 4

Jubilant Foodworks Limited

Buy Jubilant Foodworks Limited at / above 1080.76 Target 1088.45 – 1096.71 – 1105 – 1113.33

Stop loss — 1072.56

Sell Jubilant Foodworks Limited at / below 1072.56 Target 1064.92 – 1056.77 – 1048.66 – 1040.58

Stop loss — 1080.76

 

All prices relate to the NSE Spot/Cash Market

FreeStockAnalysis ICICI Bank Limited,Tata Steel Limited,Reliance Infrastructure Limited,Jubilant Foodworks 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.