The Hindu Business Line : Day Trading Guide

Initiate fresh short-position if DLF declines below Rs 267, with tight stop-loss. Fresh short-position can be initiated if ICICI Bank fails to surpass Rs 535 with stiff stop-loss. We recommend a sell in SBI as the stock is losing bullish momentum. Avoid trading in L&T and Reliance Capital. The stocks were choppy and formed spinning top candlestick pattern in the last trading session, indicating indecisiveness. We maintain our view of initiating fresh long-position if ONGC surpasses Rs 735 and if RIL moves beyond Rs 1,395, with tight stop-loss. Desist trading in Infosys. We notice formation of bearish dark cloud cover candlestick pattern in TCS. We recommend a sell. Reliance Communications fell contrary to our expectation in the last trading session. Initiate fresh short-position if it declines below Rs 242, with tight stop-loss

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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