Markets

Day Trading Guide

Updated on: May 02, 2011
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DLF

Fresh short position can be initiated if DLF dives below Rs 221 levels with stiff stop-loss.

ICICI Bank

Initiate fresh short position if the stock fails to move beyond Rs 1,113 levels with tight stop-loss.

Infosys

The stock formed doji candlestick on Monday signalling neutral stance. Desist trading in the stock for the session.

L&T

L&T was volatile in the last trading session. Initiate fresh long position only if the stock climbs above Rs 1,619 levels with fixed stop-loss.

ONGC

Fresh short position can be initiated only if the counter dives below Rs 300 with stiff stop-loss.

Reliance Industries

We recommend a sell in RIL with fixed stop-loss at Rs 978 levels.

SBI

We restate our sell recommendation with tight stop-loss at Rs 2,713 levels.

Tata Motors

We reiterate our sell recommendation in the stock with stiff stop-loss at Rs 1,245 levels.

Tata Steel

Fresh short position can be initiated if the stock slips below Rs 606 levels with stiff stop-loss.

Nifty Futures

The near-term stance stays bearish as long as Nifty Futures trades below 5,770 levels. Initiate fresh short position while maintaining tight stop-loss at 5,770.

Published on May 02, 2011

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