Markets

Day Trading Guide

Yoganand D. stock market | Updated on October 10, 2011

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DLF

Near-term stance is positive for DLF. We restate our buy recommendation in the stock with stop-loss at Rs 224 levels.

ICICI Bank

Initiate fresh short position with stiff stop-loss only if the stock fails to move beyond Rs 857 levels.

Infosys

Near-term outlook is bullish for the stock. We recommend a buy in it with stiff stop-loss at Rs 2,568 levels.

L&T

Fresh short position is recommended with tight stop-loss only if the stock dives below Rs 1,373 levels.

ONGC

Initiate fresh long position with fixed stop-loss only if the counter surges above Rs 275 levels.

Reliance Industries

On Monday, RIL climbed three per cent breaching its 21- and 50-day moving averages. Near-term stance is positive for the stock. We recommend a buy in it with tight stop-loss at Rs 816 levels.

SBI

Initiate fresh long position with fixed stop-loss if SBI reverses higher from Rs 1,730 levels.

Tata Motors

The near-term outlook is bullish for the stock. It advanced seven per cent accompanied by above average volumes in the last session. We recommend a buy with stiff stop-loss at Rs 166 levels.

Tata Steel

Fresh long position is recommended with stiff stop-loss only if Tata Steel climbs above Rs 439 levels.

Nifty Futures

Nifty Futures jumped 94 points or 1.9 per cent, experiencing buying interest on Monday. As long as Nifty Futures trades above 4,950, its near-term stance stays positive. Fresh long position can be initiated with tight stop-loss at 4,950 levels.



Published on October 10, 2011

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