Day Trading Guide

DLF: Fresh long position can be initiated with stiff stop-loss if DLF rebounds up from Rs 205.

ICICI Bank: Initiate fresh long position with tight stop-loss only if the stock jumps beyond Rs 973.

Infosys: Near-term stance stays positive as long as the stock trades above Rs 2,200. We recommend a buy in the stock while maintaining tight stop-loss at Rs 2,200.

L&T: Initiate fresh long position with stiff stop-loss if the stock reverses higher from Rs 1,368.

ONGC: Negating our prior view, the stock fell in the previous session. Fresh short position can be initiated with tight stop-loss if the stock drops below Rs 278.

Reliance Industries: The near-term stance is bullish for RIL. We recommend a buy in the stock while retaining fixed stop-loss at Rs 735.

SBI: Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,013.

Tata Motors: We reiterate our buy recommendation in the stock with stop-loss at Rs 224.

Tata Steel: Initiate fresh short-term position with tight stop-loss if the stock reverses down from Rs 415.

Nifty Futures: Fresh long position can be initiated with stiff stop-loss if Nifty Futures reverses higher from 5,216 levels.

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