Intraday Trading Strategy – 1

IGL

Buy IGL Above 553 Target 1 — 557 Target 2 — 563 Target 3 — 569 Target 4 — 575

Stop loss — 547

Sell IGL Below 545 Target 1 — 542 Target 2 — 536 Target 3 — 530 Target 4 — 525

Stop loss — 551

 

Intraday Trading Strategy – 2

Century Textiles

Buy Century Textiles Above 490 Target 1 — 494 Target 2 — 499 Target 3 — 505 Target 4 — 511

Stop loss — 485

Sell Century Textiles Below 483 Target 1 — 480 Target 2 — 474 Target 3 — 469 Target 4 — 463

Stop loss — 489

 

Intraday Trading Strategy – 3

Axis Bank

Buy Axis Bank Above 401 Target 1 — 404 Target 2 — 409 Target 3 — 414 Target 4 — 419

Stop loss — 396

Sell Axis Bank Below 394 Target 1 — 391 Target 2 — 386 Target 3 — 381 Target 4 — 376

Stop loss — 399

 

Intraday Trading Strategy – 4

Reliance Capital

Buy Reliance Capital Above 357 Target 1 — 360 Target 2 — 365 Target 3 — 369 Target 4 — 374

Stop loss — 352

Sell Reliance Capital Below 351 Target 1 — 348 Target 2 — 343 Target 3 — 339 Target 4 — 334

Stop loss — 355

 

All prices relate to the NSE Spot/Cash Market

Intraday Trading Strategy IGL,Century Textiles,Axis Bank,Reliance Capital 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.