Day Trading Guide

DLF: The near-term outlook for the stock is bearish. Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 257 levels.

ICICI Bank: Fresh short position can be initiated with fixed stop-loss if ICICI Bank slips below Rs 1,113 levels.

Infosys: Initiate fresh long position with tight stop-loss if the stock reverses higher from Rs 2,790 levels.

L&T: On Thursday, the stock fell 2.7 per cent accompanied by average volume. Its near-term stance is bearish. We reaffirm our sell recommendation on the stock with tight stop-loss at Rs 1,455 levels.

ONGC: Initiate fresh short position with stiff stop-loss if the stock fails to rally above Rs 325 levels.

Reliance Industries: The stock declined 2.6 per cent with good volume on Thursday. Make use of rallies to sell the stock while retaining fixed stop-loss at Rs 865 levels.

SBI: Initiate fresh short position with stiff stop-loss if SBI slips below Rs 2,197 levels.

Tata Motors: Fresh short position is recommended with tight stop-loss if the stock declines below Rs 292 levels.

Tata Steel: Fresh long position can be initiated with stiff stop-loss only if the stock jumps above Rs 386 levels.

Nifty Futures: We recommend a sell on Nifty Futures while maintaining tight stop-loss at 5,950 levels.

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