Markets

Day Trading Guide

Yoganand D BL Research Bureau | Updated on July 09, 2012 Published on July 09, 2012

DLF: Fresh long position can be initiated with tight stop-loss if the stock advances above Rs 217.

ICICI Bank: Initiate fresh short position with stiff stop-loss only if ICICI Bank declines below Rs 917.

Infosys: As long as the stock trades below Rs 2,456, its near-term stance is bearish. We recommend a sell in the stock while maintaining fixed stop-loss at Rs 2,456.

L&T: Fresh short position can be initiated with tight stop-loss if the stock fails to rally above Rs 1,401.

ONGC: Fresh long position is recommended with stiff stop-loss only if ONGC jumps above Rs 280.

Reliance Industries: Initiate fresh short position with tight stop-loss only if RIL declines below Rs 725.

SBI: Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 2222.

Tata Motors: Initiate fresh long position with stiff stop-loss if Tata Motors climbs above Rs 243.

Tata Steel: Witnessing selling pressure, the stock fell 2.3 per cent in the previous session. We recommend a sell in the stock with tight stop-loss at Rs 443.

Nifty Futures: On Monday, Nifty Futures slipped 47 points experiencing selling pressure. Initiate fresh short position with tight stop-loss if Nifty Futures drops below 5,225.

Published on July 09, 2012
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