The Hindu Business Line : Day Trading Guide

On Monday, the stock conclusively penetrated the significant support level Rs 800, accompanied with good volume. At present, Rs 800 level act as a key resistance for the stock. We recommend a sell.

Infosys

In the last trading session, the stock formed a doji candlestick pattern that indicates neutral stance. Avoid initiating buy or sell positions in this counter for the session.

L&T

Fresh short position can be initiated if the stock declines below Rs 2,650.

ONGC

The outlook for the stock is cautious. Desist trading in this stock for the day.

Reliance Capital

Our short-term outlook for the stock is bearish. We retain our sell recommendation.

Reliance Communications

Sell the stock in rallies with stop-loss at Rs 516.

Reliance Industries

We recommend a sell with stop-loss at Rs 2,250.

Satyam Computer

The stock is experiencing selling pressure at higher levels. Utilise rallies to sell the stock with tight stop-loss.

SBI

The daily Relative Strength Index is featuring the oversold territory. Outlook for the stock is cautious. Avoid trading in this stock for the day.

TCS

Sell the stock if it reverses from Rs 816 with tight stop.

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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