Markets

Day Trading Guide

| Updated on: Jul 19, 2012
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DLF: Fresh long position is recommended with tight stop-loss only if the stock advances beyond Rs 209.

ICICI Bank: The near-term stance remains positive as long as the stock trades above Rs 937. We recommend a buy in the stock with fixed stop at Rs 937.

Infosys: On Thursday, the stock jumped three per cent with good volumes experiencing buying interest. We reaffirm our buy recommendation in the stock with stop-loss at Rs 2,220.

L&T: Make use of dips to buy the stock while retaining tight stop-loss at Rs 1,395 levels.

ONGC: We recommend a sell in the stock with stiff stop-loss at Rs 287.

Reliance Industries: Initiate fresh long position with stiff stop-loss if RIL climbs above Rs 737.

SBI: Witnessing selling pressure at higher levels, the stock fell 1.3 per cent with above average volume in the previous trading session. We recommend a sell in the stock with tight stop-loss at Rs 2,180.

Tata Motors: We recommend a buy in the stock while maintaining stiff stop-loss at Rs 221.

Tata Steel: Initiate fresh long position with fixed stop-loss only if Tata Steel jumps beyond Rs 420 levels.

Nifty Futures: Nifty Futures advanced by 33 points on Thursday. Fresh long position can be initiated with tight stop-loss if Nifty Futures reverses higher from 5,215 levels.

Published on July 19, 2012

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