Stocks

Day Trading Guide

Updated on: Apr 24, 2011
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DLF

Make use of dips to buy the stock while maintaining stop-loss at Rs 242-level.

ICICI Bank

Initiate fresh short position if the stock fails to move beyond Rs 1,128-level with stop-loss.

Infosys

Fresh long position can be initiated if the stock reverses higher from Rs 2,886-level with stop-loss.

L&T

Initiate fresh short position if the counter dives below Rs 1,690-level with stop-loss.

ONGC

On April 21, the stock surged 3 per cent accompanied by good volumes. The near-term outlook is bullish for the stock. We recommend a buy in the stock with stop-loss at Rs 298-level.

Reliance Industries

Initiate fresh long position only if RIL gains above Rs 1,050-level with stop-loss. .

SBI

Fresh long position can be initiated if SBI bounces up from Rs 2,840-level with stop-loss.

Tata Motors

The stock is testing its near-term resistance at Rs 1,250. Fresh long position is recommended only if the stock climbs above Rs 1,255-level with stop-loss.

Tata Steel

Initiate fresh short position if Tata Steel dives below Rs 621-level with stop-loss.

Nifty Futures

Fresh long position can be initiated only if Nifty Futures moves beyond 5,943-level with stop-loss.

Published on April 24, 2011

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