Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on February 02, 2011

day03

DLF

Initiate fresh long position only if DLF exceeds above Rs 234 levels with stiff stop-loss.

ICICI Bank

Fresh short position can be initiated if the stock reverses from Rs 1025 levels with fixed stop-loss.

Infosys

We recommend a sell in the stock with stiff stop-loss at Rs 3105 levels.

L&T

Initiate fresh short position only if L&T dives below Rs 1555 levels with stiff stop-loss

ONGC

The stock is testing key resistance. Fresh long position can be initiated only if the stock surges above Rs 1200 levels with tight stop-loss.

Reliance Capital

Utilise rallies to sell the counter while maintaining tight stop-loss at Rs 508.

Reliance Communications

Near-term outlook is bearish for the stock. We reiterate our sell recommendation in the stock with rigid stop-loss at Rs 119 levels.

Reliance Industries

The stock jumped 2.8 with above average volume in the last trading session. Fresh long position can be initiated if the stock climbs above Rs 937 levels with stiff stop-loss.

SBI

Initiate fresh short position if SBI slips below Rs 2548 levels with stiff stop-loss.

Nifty Futures

The near-term outlook stays negative as long as Nifty futures trades below 5490 levels. Initiate fresh short position if Nifty futures fails to move beyond this level with tight stop-loss.

Published on February 02, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor