Intraday calls are the buy/sell recommendations generated on the basis of technical and derivative data points wherein the positions have to be entered and exited on the same trading day. Intraday calls will be generated in cash and F&O segments and will have a validity of one day i.e. between (9:15am - 3:30pm). The calls should be executed when the underlying price is quoting within the mentioned range.
Following is the list of 5 intraday trading ideas for today-
Symbol
BUY/SELL
Stop Loss
Target
Reasoning
Hindustan Petroleum Corporation Limited
Buy Rs 248.5-250.5
243.7
260
The stock has managed to give a close above its 89 day EMA on the daily chart. Derivative data indicates fresh long positions in the stock.
Tata Sponge Iron Limited
Buy Rs 832.5-837.5
817
860
The stock has formed a large bullish candlestick backed by an uptick in volumes and has witnessed a positive bounce from its 200 period EMA on the weekly chart.
Bharat Forge Limited
Sell Dec Futures Rs 502-506
514.4
486
The stock has witnessed a flag pattern breakdown backed by a surge in volumes on the daily chart. It has formed bearish piercing candlestick on the weekly chart
Bata Ltd
Buy Rs 1110-1118
1098
1142
The stock is in a strong uptrend backed by an uptick in volumes on the daily chart and has taken support along the 10 day EMA
Godrej Industries Limited
Sell Dec Futures Rs 524-528
534.3
514
The stock has formed a bearish engulfing candlestick backed by an uptick in volumes on the daily chart. It has faced heavy selling pressure along the 200 day EMA
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