The Hindu Business Line : Day Trading Guide

On Tuesday, the stock found support at around Rs 750 and bounced up. Initiate fresh long position if the stock exceeds Rs 800 levels with tight stop-loss.

Reliance Capital

In line with our expectation, the stock moved up in last trading session. We reaffirm our buy recommendation in this stock.

Reliance Communications

The stock gained 11 percent, accompanied with high volume on Tuesday. The daily relative strength index of the stock is displaying positive divergence. We retain our buy recommendation.

Reliance Industries

We recommend a buy.

Satyam Computer

The stock conclusively penetrated its 21-day moving average by surging 9 per cent in the previous trading session. Buy the stock in dips.

SBI

Initiate fresh short-position if the stock reverses from the resistance level Rs 1,570 with tight stop-loss.

TCS

We re-affirm our buy recommendation in this stock.

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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