Markets

Day Trading Guide

Yoganand D BL Research Bureau | Updated on June 21, 2011

DTGbl_21

DLF

On Tuesday, the stock fell 3 per cent with above average volumes. Its near-term outlook is bearish. We recommend a sell in the stock with tight stop-loss at Rs 217 levels.

ICICI Bank

Fresh short position can be initiated if the stock fails to move beyond Rs 1027 levels with fixed stop-loss.

Infosys

We recommend a buy in the stock with stiff stop-loss at Rs 2705 levels.

L&T

The near-term stance is bearish for the stock. We recommend a sell in the stock while maintaining tight stop-loss at Rs 1162 levels.

ONGC

Initiate fresh long position only if the stock climbs above Rs 260 levels with stiff stop-loss.

Reliance Industries

Fresh long position can be initiated if RIL bounces up from Rs 834 levels with tight stop-loss.

SBI

Initiate fresh short position only if SBI dives below Rs 2135 levels with fixed stop-loss.

Tata Motors

Make use of dips to buy the counter while maintaining stiff stop-loss at Rs 925 levels.

Tata Steel

Fresh long position is recommended only if Tata Steel gains above Rs 568 levels with tight stop-loss.

Nifty Futures

Initiate fresh long position if Nifty Futures reverses higher from 5235 levels with stiff stop-loss.

Published on June 21, 2011

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