Markets

Day Trading Guide

Updated on: Mar 06, 2011
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DLF

Fresh short position can be initiated if DLF slips below Rs 217 levels with tight stop-loss.

ICICI Bank

Initiate fresh long position only if ICICI Bank advances above Rs 1030 levels with fixed stop-loss.

Infosys

We recommend a buy in the stock with tight stop-loss at Rs 3040 levels.

L&T

Experiencing selling pressure, the stock retreated 3 per cent accompanied by above average volumes on Friday. Make use of rallies to sell the stock with tight stop-loss at Rs 1630 levels.

ONGC

We recommend a sell in the stock with stiff stop-loss at Rs 274 levels.

Reliance Industries

Fresh long position is recommended only if RIL exceeds above Rs 995 levels with stiff stop-loss.

SBI

As long as the stock hovers above Rs 2677, the near-term stance stays positive. Initiate fresh long position only if the stock bounces up from this level with tight stop-loss.

Tata Motors

Fresh long position can be initiated if Tata Motors bounces up from Rs 1152 levels with fixed stop-loss.

Tata Steel

Initiate fresh short position if the counter fails to move beyond Rs 626 levels with tight stop-loss.

Nifty Futures

Fresh short position is recommended only if Nifty futures dives below 5495 levels with stiff stop-loss.

Published on March 06, 2011

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