Markets

Technicals: Day Trading Guide

Yoganand D. | Updated on June 26, 2011

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DLF

Fresh long position is recommended only if DLF climbs above Rs 220 levels with tight stop-loss.

ICICI Bank

Initiate fresh short position only if the stock dives below Rs 1,050 levels with tight stop-loss.

Infosys

We recommend a buy with fixed stop-loss at Rs 2,840 levels.

L&T

Fresh long position can be initiated if the counter advances beyond Rs 1,750 levels with stiff stop-loss.

ONGC

The near-term stance stays positive as long as ONGC hovers above Rs 268 levels. We recommend a buy in the stock with stiff stop-loss at Rs 268 levels.

Reliance Industries

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 855 levels.

SBI

Fresh long position can be initiated if SBI reverses higher from Rs 2,256 levels with fixed stop-loss.

Tata Motors

We recommend a buy in the stock with stiff stop-loss at Rs 950 levels.

Tata Steel

Initiate fresh long position only if Tata Steel moves beyond Rs 585 levels with tight stop-loss.

Nifty Futures

On Friday, Nifty Futures jumped 167.8 points or 3 per cent accompanied by above average volumes. As long as Nifty Futures trades above 5425 levels, the near-term stance stays positive. We recommend a buy in it with tight stop-loss at 5425 levels.



Published on June 26, 2011

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