Markets

Day Trading Guide

| Updated on: Jul 12, 2012

DLF: Make use of dips to buy the stock while maintaining stop-loss at Rs 208.

ICICI Bank: Initiate fresh short position with stop-loss only if the stock declines below Rs 916.

Infosys: On Thursday, the stock plunged eight per cent with extraordinary volumes. However, fresh long position can be initiated with stop-loss only if the stock rallies above Rs 2,280.

L&T: Fresh short position is recommended with stop-loss only if the stock dives below Rs 1,395.

ONGC: Initiate fresh long position with stop-loss if the stock reverses higher from Rs 280.

Reliance Industries: Fresh long position is recommended with stop-loss only if RIL advances above Rs 730.

SBI: Initiate fresh long position with stop-loss only if the stock jumps above Rs 2,240.

Tata Motors: Fresh short position can be initiated with stop-loss only if the stock drops below Rs 233.

Tata Steel: As long as the stock trades below Rs 435, its near-term view remains negative. We reiterate our sell recommendation in the stock with stop-loss at Rs 435.

Nifty Futures: Nifty Futures fell 1.3 per cent witnessing selling pressure on Thursday. Fresh short position can be initiated with stop-loss if Nifty Futures fails to move beyond 5,298.

Published on July 12, 2012

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