Markets

Day Trading Guide

Yoganand D BL Research Bureau | Updated on February 24, 2011 Published on February 24, 2011

daytradingguide

DLF

The near-term outlook is bearish for DLF. We reiterate our sell recommendation in the stock with stiff stop-loss at Rs 218 levels.

ICICI Bank

The stock tumbled five per cent with above average volume in the last trading session and is testing its short-term support. Initiate fresh short position if the stock drops below Rs 940 levels with stiff stop-loss.

Infosys

Fresh long position is recommended only if the stock moves beyond Rs 3,060 levels with tight stop-loss.

L&T

In line with our expectation, the stock declined on Thursday. It plunged five per cent accompanied with good volume. We recommend a sell in the stock with tight stop-loss at Rs 1,550 levels.

ONGC

Initiate fresh long position only if the counter climbs above Rs 270 levels with tight stop-loss.

Reliance Industries

Fresh short position can be initiated only if RIL dives below Rs 950 levels with stiff stop-loss.

SBI

Initiate fresh long position only if SBI bounces up from Rs 2,500 levels with fixed stop-loss.

Tata Motors

The stock plummeted 7.5 per cent with above average volume in the last trading session. We recommend a sell in the stock with tight stop-loss at Rs 1,080 levels.

Tata Steel

Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 610.

Nifty Futures

As long as Nifty Futures hovers below 5,305 levels, the near-term stance stays bearish. We recommend a sell in it with tight stop-loss.

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Published on February 24, 2011
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