Markets

Day Trading Guide

| Updated on: Jul 16, 2012
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DLF: We recommend a sell in the stock with fixed stop-loss at Rs 208.

ICICI Bank: Fresh long position can be initiated with stiff stop-loss only if the stock jumps above Rs 929.

Infosys: On Monday, the stock fell 2.5 per cent with above average volumes. As long as it trades below Rs 2,195, its near-term stance remains negative for the session. We restate our sell recommendation in it with tight stop-loss at Rs 2,195.

L&T: Fresh short position can be initiated with tight stop-loss only if the stock drops below Rs 1,365.

ONGC: The near-term outlook is positive for the stock. We recommend a buy in the stock with stop-loss at Rs 284.

Reliance Industries: Initiate fresh short position with fixed stop-loss if the stock reverses down from Rs 728.

SBI: Fresh short position is recommended with tight stop-loss if SBI declines below Rs 2,180.

Tata Motors: Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 233.

Tata Steel: In line with our analysis, the stock declined last session. It fell four per cent with above average volume. We reiterate our sell recommendation in the stock with tight stop-loss at Rs 414.

Nifty Futures: Experiencing selling pressure at higher level, Nifty Futures fell 33 points breaching its 21-day moving average on Monday. Initiate fresh short position with stiff stop-loss if Nifty Futures fails to move above 5,250.

Published on July 16, 2012

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