Markets

Day Trading Guide

Yoganand D BL Research Bureau | Updated on November 15, 2017 Published on April 11, 2012

DTG12

DLF: Fresh short position is recommended with fixed stop-loss only if the stock dives below Rs 197.

ICICI Bank: Initiate fresh long position with stiff stop-loss if the stock rebounds up from Rs 852.

Infosys: Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,780.

L&T: Fresh long position is recommended with stiff stop-loss only if the counter moves above Rs 1,298.

ONGC: Initiate fresh long position with tight stop-loss only if ONGC advances beyond Rs 267.

Reliance Industries: The near-term outlook will remain bearish as long as RIL trades below Rs 743. Fresh short position can be initiated with fixed stop-loss if the stock reverses down from Rs 743.

SBI: Fresh long position can be initiated with tight stop-loss if the stock bounces up from Rs 2,140.

Tata Motors: Make use of dips to buy the counter while maintaining fixed stop-loss at Rs 280.

Tata Steel: Initiate fresh short position with stiff stop-loss if the counter reverses down from Rs 455.

Nifty Futures: Nifty Futures was volatile and dropped 14 points on Wednesday. We re-affirm our prior view of initiating fresh long position with stiff stop-loss only if Nifty Futures rallies above 5,300.

Published on April 11, 2012
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