Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on March 09, 2011 Published on March 09, 2011

DTG 10

DLF

Fresh long position is recommended only if DLF climbs above Rs 230 levels with fixed stop-loss.

ICICI Bank

The stock is currently testing its 200-day moving average. Initiate fresh long position if the stock advances beyond Rs 1,050 levels with tight stop-loss.

Infosys

Initiate fresh short position only if the stock dives below Rs 3,074 levels with stiff stop-loss.

L&T

Avoid trading in the stock for the session as the near-term stance is indecisive.

ONGC

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 266 levels.

Reliance Industries

RIL increased one per cent accompanied by good volume on Wednesday. Fresh long position can be initiated if it exceeds above Rs 1,005 levels with fixed stop-loss.

SBI

After testing the key short-term resistance at Rs 2,663, the stock declined in the trading session. Initiate fresh short position if SBI drops below Rs 2,607 levels with stiff stop-loss.

Tata Motors

Initiate fresh short position only if the stock slips below Rs 1,145 levels with tight stop-loss.

Tata Steel

Fresh long position is recommended only if Tata Steel surges beyond Rs 620 with stiff stop-loss.

Nifty Futures

We reiterate our prior view of initiating fresh long position only if Nifty Futures moves beyond 5,580 levels with tight stop-loss.

Published on March 09, 2011
futures and options
technical analysis
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