Day Trading Guide

DLF: Make use of rallies to sell the stock while retaining tight stop-loss at Rs 213.

ICICI Bank: Fresh short position can be initiated with tight stop-loss if the stock fails to rally above Rs 965.

Infosys: Fresh long position is recommended with fixed stop-loss only if the stock jumps above Rs 2,300.

L&T: Near-term view stays positive as long as the stock trades above Rs 1,406. Initiate fresh long position with tight stop-loss if the stock reverses higher from Rs 1,406.

ONGC: We recommend a sell in the stock with stiff stop-loss at Rs 282.

Reliance Industries: Initiate fresh short position with fixed stop-loss only if RIL fails to move above Rs 790.

SBI: On Thursday, the stock tumbled four per cent with good volume breaking through its immediate support and 200-day moving average. As long as the stock trades below Rs 1,993, its near-term stance remains negative. Fresh short position can be initiated with stiff stop-loss if the stock declines below Rs 1,950.

Tata Motors: The stock is testing important resistance level. Fresh long position can be initiated with stiff stop-loss only if the stock climbs above Rs 243.

Tata Steel: Fresh long position is recommended with fixed stop-loss only if Tata Steel advances beyond Rs 413.

Nifty Futures: In the last trading session, Nifty Futures continued to trade sideways. Initiate fresh short position with tight stop-loss only if Nifty Futures slumps below 5,300 levels.

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