Markets

Day Trading Guide

Yoganand D. | Updated on February 23, 2011 Published on February 23, 2011

dtg24

DLF

We recommend a sell in DLF with stiff stop-loss at Rs 227 levels.

ICICI Bank

Fresh short position is recommended only if the stock drops below Rs 996 levels with tight stop-loss.

Infosys

Experiencing selling pressure, the stock slipped two per cent in last trading session. Make use of rallies to sell the stock with fixed stop-loss at Rs 3,100 levels.

L&T

We re-affirm our sell recommendation in the stock while maintaining tight stop-loss at Rs 1,622 levels.

ONGC

Fresh long position can be initiated if ONGC bounces up from Rs 267 levels with stiff stop-loss.

Reliance Industries

We recommend a buy in the stock with stiff stop-loss at Rs 985 levels.

SBI

On Wednesday, the stock tumbled almost four per cent with above average volume. Fresh short position can be initiated if the stock reverses from Rs 2,648 levels with tight stop-loss.

Tata Motors

Fresh long position is recommended only if the counter climbs above Rs 1,157 levels with stiff stop-loss.

Tata Steel

The stock was volatile and formed a spinning top candlestick pattern in the last trading session, signalling indecisiveness. Desist trading in the stock for the session.

Nifty Futures

Initiated fresh short position only if Nifty Futures dives below 5,395 levels with tight stop-loss.

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Published on February 23, 2011
futures and options
technical analysis
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