Intraday Trading Strategy – 1
Vedanta Limited
Buy Vedanta Limited at / above 333.06 Target 337.47 – 342.07 – 346.71 – 351.38
Stop loss — 328.51
Sell Vedanta Limited at / below 328.51 Target 324.16 – 319.67 – 315.22 – 310.79
Stop loss — 333.06
Intraday Trading Strategy – 2
Reliance Capital Limited
Buy Reliance Capital Limited at / above 570.01 Target 575.71 – 581.72 – 587.76 – 593.84
Stop loss — 564.06
Sell Reliance Capital Limited at / below 564.06 Target 558.41 – 552.52 – 546.66 – 540.83
Stop loss — 570.01
Intraday Trading Strategy – 3
Tata Chemicals Limited
Buy Tata Chemicals Limited at / above 735.76 Target 742.19 – 749.01 – 755.87 – 762.75
Stop loss — 729
Sell Tata Chemicals Limited at / below 729 Target 722.62 – 715.92 – 709.24 – 702.6
Stop loss — 735.76
Intraday Trading Strategy – 4
Century Textiles and Industries Limited
Buy Century Textiles and Industries Limited at / above 1332.25 Target 1340.71 – 1349.88 – 1359.08 – 1368.31
Stop loss — 1323.14
Sell Century Textiles and Industries Limited at / below 1323.14 Target 1314.71 – 1305.66 – 1296.64 – 1287.65
Stop loss — 1332.25
All prices relate to the NSE Spot/Cash Market
Take Trade Decision after 9:30 AM
FreeStockAnalysis Vedanta Limited,Reliance Capital Limited,Tata Chemicals Limited,Century Textiles and Industries 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.