Intraday Trading Strategy – 1
Biocon
Buy Biocon Above 473.1 Target 1 — 478.3 Target 2 — 483.8 Target 3 — 489.3 Target 4 — 494.8
Stop loss — 467.6
Sell Biocon Below 467.6 Target 1 — 462.5 Target 2 — 457.1 Target 3 — 451.8 Target 4 — 446.5
Stop loss — 473.1
Intraday Trading Strategy – 2
Century Textiles and Industries
Buy Century Textiles and Industries Above 420.2 Target 1 — 425.2 Target 2 — 430.3 Target 3 — 435.5 Target 4 — 440.8
Stop loss –415.1
Sell Century Textiles and Industries Below 415.1 Target 1 — 410.3 Target 2 — 405.2 Target 3 — 400.2 Target 4 — 395.2
Stop loss — 420.2
Intraday Trading Strategy – 3
IOC
Buy IOC Above 370.6 Target 1 — 375.2 Target 2 — 380.1 Target 3 — 384.9 Target 4 — 389.9
Stop loss — 365.8
Sell IOC Below 365.8 Target 1 — 361.2 Target 2 — 356.4 Target 3 — 351.7 Target 4 — 347.1
Stop loss — 370.6
Intraday Trading Strategy – 4
HDFC
Buy HDFC Above 1064.4 Target 1 — 1072 Target 2 — 1080.2 Target 3 — 1088.5 Target 4 — 1096.7
Stop loss — 1056.2
Sell HDFC Below 1056.2 Target 1 — 1048.7 Target 2 — 1040.6 Target 3 — 1032.5 Target 4 — 1024.5
Stop loss — 1064.4
All prices relate to the NSE Spot/Cash Market
FreeStockAnalysis Biocon,Century Textiles and Industries,IOC,HDFC 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.