The Hindu Business Line : Day Trading Guide

On Monday, the stock fell by 7 per cent experiencing selling pressure. Initiate fresh short-position if the stock declines below Rs 315, with tight stop-loss.

Infosys

Utilise rallies to sell the stock with stiff stop-loss at Rs 1,265 level.

L&T

The stock is hovering around the key support level at Rs 700. Fresh short-position can be initiated in the stock declines below Rs 680, with tight stop-loss.

ONGC

We recommend a sell in this counter for the session.

Reliance Capital

The near-term outlook is bearish for the stock. We recommend a sell.

Reliance Communications

The stock is moving sideways in a narrow range. Avoid trading in this counter for the day.

Reliance Industries

We recommend a sell.

Satyam Computer

The stock has formed a bearish engulfing candlestick pattern in the last trading session, signalling weakness. The daily relative strength index has re-entered in to the bearish zone. We recommend a sell.

SBI

Initiate fresh short-position if the stock breaks through Rs 1,025 level, with stiff stop-loss.

TCS

We notice formation of shooting star candlestick pattern in the stock that indicating sell. We recommend a sell.

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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