Markets

Day Trading Guide

Yoganand D | Updated on November 17, 2011 Published on November 17, 2011

dtg

DLF

In the previous trading session, the stock declined 3 per cent with above average volume. Its near-term stance is bearish. Utilise rallies to sell the stock with tight stop-loss at Rs 208.

ICICI Bank

Fresh long position can be initiated with tight stop-loss only if the stock jumps above Rs 790 levels.

Infosys

Initiate fresh short position with tight stop-loss if the stock reverses down from Rs 2,770 levels.

L&T

Make use of dips to buy the counter while maintaining stiff stop-loss at Rs 1,220 levels.

ONGC

Fresh short position can be initiated with stiff stop-loss if the stock drops below Rs 255 levels.

Reliance Industries

On Thursday, RIL tumbled 4.5 per cent with above average volume breaching its 50-day moving average. We recommend a sell in the stock with tight stop-loss at Rs 823 levels.

SBI

Fresh long position is recommended with stiff stop-loss only if SBI exceeds above Rs 1,780 levels.

Tata Motors

The stock is testing its key short-term support. Fresh long position can be initiated with tight stop-loss if the stock rebounds up from Rs 172 levels.

Tata Steel

Fresh short position is recommended with fixed stop-loss only if Tata Steel dives below Rs 390 levels.

Nifty Futures

Nifty Futures fell 112 points or 2.2 per cent, experiencing selling pressure on Thursday. As long as it trades below 4980, its near-term stance remains bearish. Fresh short position can be initiated with tight stop-loss only if Nifty futures fails to move above 4980 levels.





Published on November 17, 2011
This article is closed for comments.
Please Email the Editor