Markets

Day Trading Guide

| Updated on: Jul 15, 2012

DLF

Initiate fresh short position with tight stop-loss if the stock declines below Rs 205.

ICICI Bank

Fresh short position can be initiated with stiff stop-loss if the stock fails to rally above Rs 940.

Infosys

The near-term outlook is bearish for the stock. Fresh short position can be initiated with stiff stop-loss if the stock reverses down from Rs 2250.

L&T

Initiate fresh short position with tight stop-loss only if L&T declines below Rs 1395.

ONGC

Make use of dips to buy the stock while maintaining fixed stop-loss 282.

Reliance Industries

The near-term stance is negative for the stock. Fresh short position can be initiated with stiff stop-loss if RIL reverses down from Rs 728.

SBI

On Friday, the stock fell 1.7 per cent forming a bearish engulfing candlestick pattern implying near-term bearishness. We recommend a sell in the stock with tight stop-loss at Rs 2200.

Tata Motors

Initiate fresh short position with stiff stop-loss if the stock dives below Rs 233.

Tata Steel

We recommend a sell in the stock while maintaining fixed stop-loss at Rs 430.

Nifty Futures

Fresh short position is recommended with tight stop-loss only if Nifty Futures declines below 5200 levels.

Published on July 15, 2012

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