Intraday Trading Strategy – 1
ITC Limited
Buy ITC Limited at / above 324 Target 328.35 – 332.89 – 337.47 – 342.07
Stop loss — 319.51
Sell ITC Limited at / below 319.51 Target 315.22 – 310.79 – 306.4 – 302.04
Stop loss — 324
Intraday Trading Strategy – 2
Axis Bank Limited
Buy Axis Bank Limited at / above 473.06 Target 478.27 – 483.75 – 489.27 – 494.81
Stop loss — 467.64
Sell Axis Bank Limited at / below 467.64 Target 462.48 – 457.11 – 451.78 – 446.48
Stop loss — 473.06
Intraday Trading Strategy – 3
CESC Limited
Buy CESC Limited at / above 552.25 Target 557.86 – 563.78 – 569.73 – 575.71
Stop loss — 546.39
Sell CESC Limited at / below 546.39 Target 540.83 – 535.03 – 529.26 – 523.52
Stop loss — 552.25
Intraday Trading Strategy – 4
Lupin Limited
Buy Lupin Limited at / above 1540.56 Target 1549.61 – 1559.46 – 1569.35 – 1579.27
Stop loss — 1530.76
Sell Lupin Limited at / below 1530.76 Target 1521.76 – 1512.02 – 1502.31 – 1492.63
Stop loss — 1540.56
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis ITC Limited,Axis Bank Limited,CESC Limited,Lupin 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.