The Hindu Business Line : Day trading guide

In line with our prior anticipation, the stock moved up in the previous trading session. It crossed the 21-day moving average. We retain our buy recommendation.

Infosys

The stock is consolidating sideways. Desist trading in this counter for the session.

L&T

Contrary to our view, the stock moved up in the last trading session. However, the stock is likely to encounter resistance at Rs 2,700. Initiate sell position only if the stock reverses from this resistance level with tight stop-loss.

ONGC

The stock is moving in a narrow range. Avoid trading in this counter, till it starts trending.

Reliance Capital

Buy the stock in dips with stop loss at Rs 1,230.

Reliance Communications

Investors should continue to be watchful in this counter. Desist trading in this stock.

Reliance Industries

Fresh long position can be initiated, if the stock moves higher than Rs 2,430, with tight stop loss.

Satyam Computer

Utilise rallies to sell the stock with solid stop-loss of Rs 430.

SBI

We recommend a buy.

TCS

We maintain our sell recommendation in TCS.

Yoganand D.

BL Research Bureau

(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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