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Tuesday, Feb 10, 2009
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Day Trading Guide


DLF is moving sideways. Initiate fresh long-position only if the counter moves above Rs 147, with tight stop-loss. Buy Infosys in dips as long as it trades above Rs 1,290, with stiff stop-loss. We recommend a buy in ICICI Bank and SBI. In the last trading session, L&T jumped by 5 per cent. We recommend a buy. On Monday, ONGC broke through its intermediate-term down trendline by surging 6 per cent. We recommend a buy. Fresh long-position can be initiated if Reliance Capital moves beyond Rs 400 and RIL surpasses Rs 1,412, with tight stop-loss. Buy TCS in declines with stiff stop-loss at Rs 505. Desist trading in RCom.

Yoganand D.

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