Intraday Trading Strategy – 1

Asian Paints Limited

Buy Asian Paints Limited at / above 1181.64 Target 1189.65 – 1198.29 – 1206.95 – 1215.65

Stop loss — 1173.06

Sell Asian Paints Limited at / below 1173.06 Target 1165.09 – 1156.57 – 1148.08 – 1139.63

Stop loss — 1181.64

 

Intraday Trading Strategy – 2

Dewan Housing Finance Corporation Limited

Buy Dewan Housing Finance Corporation Limited at / above 540.56 Target 546.11 – 551.97 – 557.86 – 563.78

Stop loss — 534.76

Sell Dewan Housing Finance Corporation Limited at / below 534.76 Target 529.26 – 523.52 – 517.82 – 512.14

Stop loss — 540.56

 

Intraday Trading Strategy – 3

Godrej Industries Limited

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

Stop loss — 618.76

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

Stop loss — 625

 

Intraday Trading Strategy – 4

UPL Limited

Buy UPL Limited at / above 805.14 Target 811.84 – 818.98 – 826.14 – 833.34

Stop loss — 798.06

Sell UPL Limited at / below 798.06 Target 791.41 – 784.39 – 777.4 – 770.44

Stop loss — 805.14

 

All prices relate to the NSE Spot/Cash Market

Take Trade Decision after 9:30 AM

FreeStockAnalysis Asian Paints Limited,Dewan Housing Finance Corporation Limited,Godrej Industries Limited,UPL 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.