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Day Trading Guide


The near-term outlook is bearish for DLF. We recommend a sell. Initiate fresh long-position if ICICI Bank surpasses Rs 296 and if SBI exceeds Rs 935 with stiff stop-loss. Buy Infosys in dips with tight stop at Rs 1,190. Desist trading in L&T and Reliance Capital as the outlook is watchful. We recommend a buy in ONGC and Reliance Communications. Fresh long position can be initiated if RIL rallies above 1225, with tight stop-loss. Fresh long position can be initiated if Nifty future moves above 2625, with tight stop-loss.

Yoganand D.

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