Stocks

Day Trading Guide

Yoganand D. | Updated on April 19, 2011 Published on April 19, 2011

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DLF

Fresh short position is recommended only if DLF drops below Rs 232 levels with stiff stop-loss.

ICICI Bank

Initiate fresh short position if ICICI Bank fails to move beyond Rs 1,103 levels with tight stop-loss.

Infosys

Fresh long position can be initiated only if Infosys surpasses Rs 2,905 levels with tight stop-loss.

L&T

Initiate fresh long position only if L&T exceeds above Rs 1,725 levels with stiff stop-loss.

ONGC

We recommend a buy in the counter with stop-loss at Rs 283 levels.

Reliance Industries

Fresh long position can be initiated only if RIL bounces up from Rs 994 levels with tight stop-loss.

SBI

Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 2,760 levels.

Tata Motors

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

Tata Steel

Initiate fresh short position if Tata Steel dives below Rs 605 with stiff stop-loss.

Nifty Futures

Fresh long position can be initiated only if Nifty Futures moves above 5,800 levels with tight stop-loss.



Published on April 19, 2011
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