Markets

Day Trading Guide

Yoganand D. | Updated on February 14, 2011

guide

DLF - Make use of rallies to sell the stock with stiff stop-loss at Rs 253.

ICICI Bank - Fresh short position can be initiated if the stock fails to move beyond Rs 1045 with rigid stop-loss.

Infosys - Initiate fresh long position only if the stock bounces up from Rs 3082 levels with tight stop-loss

L&T - The stock increased 6.7 per cent with good volume on Monday. We recommend a buy with stop at Rs 1629 levels.

ONGC - Avoid trading in the counter as the near-term stance is cautious.

Reliance Industries - Initiate fresh long position if RIL bounces up from Rs 900 with stiff stop-loss.

SBI - Fresh long position can be initiated if SBI moves above Rs 2712 levels with fixed stop-loss.

Tata Motors - In line with our expectation, the stock advanced in the last trading session. It gained 5.6 with above average volume. Near-term outlook remains bullish as long as it trades above Rs 1188. We re-affirm our buy recommendation with tight stop at Rs 1188.

Tata Steel - The stock jumped 4 per cent taking support from its key base. Fresh long position can be initiated if it climbs above Rs 626 with tight stop-loss.

Nifty Futures - Nifty Futures surged 2.6 per cent on Monday. As long as it hovers above 5411, the near-term stance stays positive. We recommend a buy with stiff stop-loss at 5411 levels.

Published on February 14, 2011

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