Markets

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on February 17, 2011 Published on February 17, 2011

DLF

We recommend a sell in DLF while maintaining stiff stop-loss at Rs 246 levels.

ICICI Bank

Make use of dips to buy the stock with tight stop-loss at Rs 1,040 levels.

Infosys

We reaffirm that fresh long position can be initiated only if the stock advances beyond Rs 3,127 levels with stiff stop-loss.

L&T

On Thursday, the stock rallied in line with our anticipation. The near-term stance is bullish for the stock. We re-state our buy recommendation.

ONGC

The stock is moving sideways in a narrow band. Initiate fresh short position only if it dives below Rs 273 levels with stiff stop-loss.

Reliance Industries

Fresh long position can be initiated only if RIL surges above Rs 967 levels with fixed stop-loss.

SBI

Initiate fresh long position if the stock bounces up from Rs 2,750 with stiff stop-loss.

Tata Motors

Initiate fresh short position only if the counter fails to move beyond Rs 1,268 levels with tight stop-loss.

Tata Steel

In line with our expectation, Tata Steel moved higher on Thursday. We reiterate our buy recommendation in the stock with stiff stop-loss.

Nifty Futures

The Nifty Futures advanced one per cent in the last trading session, breaching its 21-day moving average. Make use of dips to buy Nifty Futures with stiff stop-loss at 5,500 levels

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Published on February 17, 2011
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