Markets

DayTrading Guide

Yoganand D. | Updated on January 30, 2011 Published on January 30, 2011

DLF

Fresh long position is recommended only if DLF climbs above Rs 230 levels with tight stop-loss.

ICICI Bank

Initiate fresh long position if the stock advances beyond Rs 1033 levels with fixed stop-loss.

Infosys

The near-term stance is bearish for Infosys. We recommend a sell in it with tight stop-loss at Rs 3195 levels.

L&T

Fresh long position can be initiated if L&T bounces up from Rs 1590 with tight stop-loss.

ONGC

Initiate fresh long position if ONGC exceeds above Rs 1150 levels with stiff stop-loss.

Reliance Capital

Near-term outlook is bearish for the counter. Make use of rallies to sell the counter while maintaining rigid stop-loss at Rs 550 levels.

Reliance Communications

We recommend a sell in Reliance Communications with tight stop-loss at Rs 127 levels.

Reliance Industries

Fresh short position is recommended only if RIL dives below Rs 900 levels with stiff stop-loss.

SBI

Initiate fresh short position if the stock fails to surpass Rs 2650 levels with stiff stop-loss.

Nifty Futures

The near-term outlook remains bearish as long as Nifty futures traders below 5580 for the session. We recommend a sell in Nifty futures with tight stop-loss 5580 levels.

Published on January 30, 2011
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