Markets

Day Trading Guide

| Updated on February 20, 2011 Published on February 20, 2011

day

DLF

Make use of rallies to sell DLF with tight stop-loss at Rs 238.

ICICI Bank

We recommend a sell in the stock with stiff stop-loss at Rs 1040 levels.

Infosys

Initiate fresh short position if the stock fails to move above Rs 3114 levels with tight stop-loss.

L&T

As long as the counter hovers above Rs 1624, the near-term stance stays positive. We recommend a buy with fixed stop-loss at Rs 1624 levels.

ONGC

The near-term outlook is bearish for the stock. We recommend a sell with fixed stop-loss at Rs 274.

Reliance Industries

Initiate fresh long position only if the stock bounces up from Rs 920 levels with tight stop-loss.

SBI

Fresh long position can be initiated if SBI climbs

Rs 2,780 levels with tight stop-loss.

Tata Motors

The stock tumbled 3.9 per cent on Friday, after testing resistance at Rs 1,250. Initiate fresh short position only if it dips below the key support at Rs 1,188 with stiff stop-loss.

Tata Steel

Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 648 levels.

Nifty Futures

Experiencing selling pressure Nifty futures dropped 92 point on Friday. Fresh short position is recommended only if Nifty Futures slips below its key support level of 5400 with tight stop-loss.

Yoganand D.

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Published on February 20, 2011
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