The Hindu Business Line : Day Trading Guide

On Wednesday, the stock was choppy and formed a spinning-top candlestick pattern, indicating indecisiveness. Desist trading in this counter for the day.

Infosys

Initiate fresh long position, only if the stock moves above Rs 1,925, with tight stop loss.

L&T

Utilise rallies to sell the stock with stop loss at Rs 2,765.

ONGC

Buy the stock in dips with stop loss at Rs 850.

Reliance Capital

The stock is pausing around Rs 1,250 level. We recommend a buy with stop loss at Rs 1,237.

Reliance Communications

The stock has formed a hammer candlestick pattern in the last trading session. We recommend a buy in this counter.

Reliance Industries

The stock appears to have found support at around Rs 2,500; the 200-day moving average coincides at this level. The outlook remains positive as long as the stock trades above this level. We recommend a buy

Satyam Computer

The stock is facing a key resistance at Rs 520 level. Fresh long-position can be initiated if the stock moves above Rs 520 level, with tight stop loss.

SBI

The stock has formed a bullish harami candlestick pattern, signalling bullishness. We recommend a buy.

TCS

We retain our buy recommendation in this stock.

Yoganand D.

BL Research Bureau

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