Markets

Day Trading Guide

| Updated on: Feb 06, 2011

DLF

Initiate fresh short position if DLF fails to exceed beyond Rs 244 levels with stiff stop-loss.

ICICI Bank

Fresh short position is recommended only if the stock declines below Rs 980 levels with tight stop-loss.

Infosys

The near-term outlook is bearish for Infosys. We recommend a sell in the stock with stop-loss at Rs 3060.

L&T

In the last trading session, the stock retreated 3.5 percent with above average volume. Fresh short position can be initiated only if the stock drops below Rs 1555 levels with rigid stop-loss.

ONGC

The stock is witnessing selling pressure at higher levels. We recommend a sell in the stock with stiff stop-loss at Rs 1210 levels.

Reliance Capital

Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 507 levels.

Reliance Communications

Near-term stance is negative for the counter. We recommend a sell in the counter with rigid stop-loss at Rs 117 levels.

Reliance Industries

Initiate fresh short position if the stock fails to move beyond Rs 932 with stiff stop-loss.

SBI

Fresh short position can be initiated if SBI dives below Rs 2620 levels with tight stop-loss.

Nifty Futures

Nifty futures plunged 2.7 per cent experiencing selling interest on Friday. The near-term outlook stays bearish as long as Nifty futures hovers below 5440. Utilize rallies to sell Nifty futures with tight stop-loss at 5440 levels.

Published on February 06, 2011

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