Day Trading Guide

DLF: Fresh long position can be initiated with stiff stop-loss only if the stock rallies above Rs 205.

ICICI Bank: As long as the stock trades above Rs 946, its near-term stance remains positive. Initiate fresh long position with tight stop-loss if the stock rebounds up from Rs 946 levels.

Infosys: Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,530 levels.

L&T: Fresh long position is recommended with fixed stop-loss only if L&T jumps above Rs 1,435 levels.

ONGC: We recommend a buy in the stock while maintaining stiff stop-loss at Rs 280.

Reliance Industries: We restate that fresh long position can be initiated with fixed stop-loss if the stock rebounds up from Rs 788 levels.

SBI: Fresh long position can be initiated with tight stop-loss only if SBI advances beyond Rs 1,885 levels.

Tata Motors: The near-term stance remains positive as long as the stock hovers above Rs 255. Initiate fresh long position with stiff stop-loss if the stock reverses higher from Rs 255.

Tata Steel: Fresh short position is recommended with stiff stop-loss only if the stock drops below Rs 382 levels.

Nifty Futures: Initiate fresh long position with tight stop-loss if Nifty Futures reverses higher from 5,400 levels.

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