The Hindu Business Line : Day trading guide

In the last trading session, the stock was trading choppy and formed a spinning top candlestick pattern that indicates indecisiveness. Desist trading in this counter for the session.

Infosys

The stock declined in the last trading session, accompanied with high volume. Sell the stock in rallies with stop-loss at Rs 1,355.

L&T

The stock is hovering just above the support level of Rs 2,700. Fresh short-position can be initiated if the stock declines below this support level.

ONGC

In the last trading session, the stock experienced selling pressure at higher levels. Utilise rallies to sell the stock with stop loss at Rs 1,024 (200-day moving average).

Reliance Capital

We maintain our sell recommendation in this counter.

Reliance Communications

Avoid trading in this stock for the day.

Reliance Industries

Fresh short-position can be initiated it the stock declines below Rs 2,120 with a tight stop loss.

Satyam Computer

The stock has formed a doji candlestick pattern on Tuesday, which indicates neutral stance. The stock is likely to be volatile. Desist trading in the stock.

SBI

Sell the stock in rallies with stop loss at Rs 1,652.

TCS

Initiate long position if the stock moves above Rs 828.

Yoganand D.

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