Markets

Day Trading Guide

Yoganand D. | Updated on February 12, 2011

day

DLF

DLF is experiencing buying interest at lower levels. Make use of dips to buy the stock with tight stop-loss at Rs 239.

ICICI Bank

Avoid trading in the counter as the near-term stance is watchful.

Infosys

The stock retreated two per cent witnessing selling pressure in the last trading session. Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 3,080 levels.

L&T

Initiate fresh long position only if L&T jumps above Rs 1,515 levels with tight stop-loss.

ONGC

Fresh short position is recommended only if ONGC drops below Rs 269 levels with rigid stop-loss.

Reliance Industries

Initiate fresh short position if RIL fails to move beyond Rs 915 levels with tight stop-loss.

SBI

In line with our expectation the stock fell on Thursday. It plunged 3.6 per cent accompanied with above average volumes. We reaffirm our sell recommendation with stiff stop-loss at Rs 2,525 levels.

Tata Motors

Fresh long position can be initiated only if Tata Motors climbs beyond Rs 1,123 levels with tight stop-loss.

Tata Steel

The stock continues to test its key support. We reiterate our prior view that fresh long position can be initiated if the stock advances above Rs 610 levels with stiff stop-loss.

Nifty Futures

Initiate fresh short position only if Nifty Futures dives below 5,200 levels with tight stop-loss.



Published on February 10, 2011

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