The Hindu Business Line : Day Trading Guide

The stock was choppy in the last trading session. We maintain our prior view of initiating fresh short-position, if the stock declines below Rs 690, with tight stop loss.

Infosys

The stock turned positive in the previous trading session. Buy the stock in dips with stop loss at Rs 1,700.

L&T

We re-affirm our buy recommendation in this counter for the session.

ONGC

The stock is experiencing the selling pressure at higher levels. Utilise rallies to sell the stock with stiff stop loss at Rs 1,050.

Reliance Capital

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

Reliance Communications

In line with our anticipation, the stock declined in the last trading session. The near-term outlook is bearish for the stock. We reiterate our sell recommendation.

Reliance Industries

The counter was volatile and formed a spinning-top candlestick pattern, indicating indecisiveness on Thursday. Avoid trading in this counter for the session.

Satyam Computer

Fresh-short position can be initiated, if the stock reverses from Rs 430 level, with tight stop loss.

SBI

The stock has formed a doji candlestick pattern, indicating neutral stance. Avoid buying or selling in this stock for the day.

TCS

Sell the stock in rallies with stop loss at Rs 870.

Yoganand D.

BL Research Bureau

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