Markets

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on February 13, 2011

DTG

DLF

Initiate fresh long position if DLF climbs above Rs 253 with tight stop-loss.

ICICI Bank

The stock is facing key resistance at Rs 1018 (200-day moving average). Fresh long position can be initiated only if the stock surges beyond this level with stiff stop-loss.

Infosys

Initiate fresh short position only if Infosys drops below Rs 3023 levels with stiff stop-loss.

L&T

On Friday, the stock surged 4 per cent with above average volumes, experiencing buying interest. Utilises dips to buy the stock while maintaining fixed stop-loss at Rs 1530 levels.

ONGC

Initiate fresh long position if ONGC advances above Rs 284 levels with rigid stop-loss.

Reliance Industries

Fresh short position is recommended only if RIL drives below Rs 895 levels with tight stop-loss.

SBI

The stock increased 3.5 per cent on Friday. Initiate fresh long position if it moves beyond Rs 2607 levels with tight stop-loss.

Tata Motors

Tata Motors gained 3.8 per cent accompanied with above average volumes in the last trading session. We recommend a buy in the stock with tight stop-loss at Rs 1123 levels.

Tata Steel

The stock was volatile in the last trading session and it remains testing key support level. Desist trading in the stock for the session.

Nifty Futures

In the last trading session, Nifty Futures gained 87 points. Initiate fresh long position if Nifty Futures exceeds above 5350 levels with stiff stop-loss.

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Published on February 13, 2011
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