Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on March 10, 2011 Published on March 10, 2011

Day Trading

DLF

Initiate fresh long position if the stock bounces up from Rs 223 levels with stiff stop-loss.

ICICI Bank

We recommend a sell in the counter with stiff stop-loss at Rs 1,027 levels.

Infosys

Utilise dips to buy the stock with tight stop-loss at Rs 3,070 levels.

L&T

Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,570 levels.

ONGC

The stock gained 1.6 per cent accompanied by above average volume on Thursday. We recommend a buy in the stock with fixed stop-loss at Rs 270 levels.

Reliance Industries

Fresh short position can be initiated if RIL fails to surpass Rs 1,000 levels with stiff stop-loss.

SBI

As long as SBI trades below Rs 2,610, the near-term stance stays bearish. We recommend a sell in the stock with tight stop-loss.

Tata Motors

Initiate fresh short position only if Tata Motors drops below Rs 1,145 levels with fixed stop-loss.

Tata Steel

We recommend a sell in the stock with tight stop-loss at Rs 605 levels.

Nifty Futures

Nifty futures slipped 37 points and was choppy in the last trading session. Fresh long position can be initiated if Nifty Futures surges above 5545 levels with stiff stop-loss.



Published on March 10, 2011
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