Markets

Day Trading Guide

Yoganand D. | Updated on October 11, 2011

DTG12

DLF

As long as DLF stays above Rs 224, its near-term stance remains positive. Fresh long position can be initiated with tight stop-loss only if the stock reverses higher from Rs 224 levels.

ICICI Bank

Initiate fresh short position with stiff stop-loss if the stock reverses down from Rs 844 levels.

Infosys

Contrary to our view, the stock fell in the previous session. Fresh short position can be initiated with stiff stop-loss only if the stock drops below Rs 2485 levels.

L&T

Make use of dips to buy the counter while maintaining tight stop-loss at Rs 1398 levels.

ONGC

Initiate fresh short position with fixed stop-loss if ONGC fails to move beyond Rs 271 levels.

Reliance Industries

Fresh long position can be initiated with tight stop-loss only if RIL advances beyond Rs 838 levels.

SBI

Fresh long position is recommended with stiff stop-loss only if SBI jumps above Rs 1785 levels

Tata Motors

The stock rose 3.6 per cent accompanied by above average volumes on Tuesday. Its near-term outlook is bullish. Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 172 levels.

Tata Steel

Initiate fresh short position with tight stop-loss only if the stock falls below Rs 427 levels.

Nifty Futures

Fresh short position is recommended with tight stop-loss only if Nifty Futures dives below Rs 4940 levels.

Published on October 11, 2011

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