The Hindu Business Line : Day Trading Guide

In the last trading session, contrary to our view, the stock experienced selling pressure and declined forming dark cloud cover candlestick, which is bearish reversal pattern. Sell the stock in rallies with stop loss at Rs 887.

Infosys

Initiate fresh long-position if the stock rallies above Rs 1,515.

L&T

The outlook for the stock is cautious. Avoid trading in the stock for the day.

ONGC

As long as the stock trades above Rs 1,045, the outlook remains positive. We maintain our buy recommendation.

Reliance Capital

Utilise rallies to sell the stock while keeping the stop-loss at Rs 1,375.

Reliance Communications

Initiate fresh long-position only if the stock moves above Rs 535.

Reliance Industries

We maintain our prior view of initiating a fresh long position if the stock moves above the resistance level of Rs 2,340.

Satyam Computer

Desist trading in this counter for the session.

SBI

We retain our buy recommendation with stop-loss at Rs 1,680.

TCS

Sell the stock in rallies with stop loss at Rs 900.

Yoganand D.

(The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour.

The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)

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