Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on April 07, 2011

DTG 08

DLF

The stock is currently moving sideways around Rs 270 levels. Fresh long position can be initiated once the stock moves above Rs 274 with stiff stop-loss.

ICICI Bank

We recommend a sell in the stock with tight stop-loss at Rs 1,113 levels.

Infosys

Initiate fresh short position only if the stock dives below Rs 3,227 levels with fixed stop-loss.

L&T

Fresh long position is recommended only if L&T moves above Rs 1,683 levels with stiff stop-loss.

ONGC

On Thursday the stock slipped two per cent with above average volume and formed a bearish engulfing candlestick pattern. We recommend a sell in the stock with fixed stop-loss at Rs 297 levels.

Reliance Industries

Initiate fresh short position if the stock fails to move beyond Rs 1,054 levels with stiff stop-loss.

SBI

Fresh long position is recommended only if SBI advances above Rs 2,828 levels with tight stop-loss.

Tata Motors

As long as the stock trades above Rs 1,275, the near-term stance remains positive. We recommend a buy with tight stop-loss at Rs 1,275 levels.

Tata Steel

Initiate fresh long position only if the counter moves beyond Rs 646 levels with stiff stop-loss.

Nifty Futures

We reiterate our prior view of initiating fresh short position only if Nifty Futures declines below 5,874 levels with tight stop-loss.

Published on April 07, 2011

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