Stocks

Day Trading Guide

Yoganand D. | Updated on March 03, 2011

DTG 03

DLF

Initiate fresh long position if the stock bounces up from Rs 217 with tight stop-loss.

ICICI Bank

Fresh long position is recommended only if the counter climbs above Rs 1,030 levels with stiff stop-loss.

Infosys

Initiate fresh short position only if the stock dives below Rs 3,005 levels with tight stop-loss.

L&T

On Thursday, the stock surged three per cent with above average volumes. We recommend a buy in the stock with stop loss at Rs 1,630 levels.

ONGC

Fresh short position can be initiated if the counter fails to move beyond Rs 275 levels with fixed stop-loss.

Reliance Industries

Initiate fresh long position if the stock advances above Rs 995 levels with tight stop-loss.

SBI

The stock was volatile and formed spinning top candlestick pattern in the last trading session, signalling indecisiveness. Desist trading in the stock for the session.

Tata Motors

Tata Motors gained three per cent accompanied by above average volumes and breached its 21-day moving average on Thursday. We recommend a buy in the stock with a fixed stop-loss at Rs 1,159 levels.

Tata Steel

Fresh long position can be initiated only if the stock surges above Rs 632 levels with tight stop-loss.

Nifty Futures

As long as Nifty Futures trades above 5,495 levels, the near-term stance stays positive. We recommend a buy in Nifty Futures with stiff stop-loss at 5,495 levels.

Published on March 03, 2011

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