Intraday Trading Strategy – 1

State Bank of India

Buy State Bank of India at / above 256 Target 259.88 – 263.93 – 268 – 272.11

Stop loss — 252.01

Sell State Bank of India at / below 252.01 Target 248.18 – 244.26 – 240.37 – 236.5

Stop loss — 256

 

Intraday Trading Strategy – 2

Hindustan Petroleum Corporation Limited

Buy Hindustan Petroleum Corporation Limited at / above 430.56 Target 435.54 – 440.77 – 446.04 – 451.33

Stop loss — 425.39

Sell Hindustan Petroleum Corporation Limited at / below 425.39 Target 420.46 – 415.34 – 410.26 – 405.21

Stop loss — 430.56

 

Intraday Trading Strategy – 3

Tata Motors Limited

Buy Tata Motors Limited at / above 405.01 Target 409.85 – 414.93 – 420.03 – 425.17

Stop loss — 400

Sell Tata Motors Limited at / below 400 Target 395.21 – 390.25 – 385.33 – 380.44

Stop loss — 405.01

 

Intraday Trading Strategy – 4

Godrej Properties

Buy Godrej Properties at / above 625 Target 630.94 – 637.24 – 643.56 – 649.92

Stop loss — 618.76

Sell Godrej Properties at / below 618.76 Target 612.86 – 606.69 – 600.55 – 594.43

Stop loss — 625

 

All prices relate to the NSE Spot/Cash Market

Take Trade Decision after 9:30 AM

FreeStockAnalysis State Bank of India,Hindustan Petroleum Corporation Limited,Tata Motors Limited,Godrej Properties 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.