Stocks

Day Trading Guide

Yoganand D. | Updated on May 10, 2011 Published on May 10, 2011

DTG 11

DLF

Fresh short position can be initiated if the stock reverses from Rs 226 levels with tight stop-loss.

ICICI Bank

Initiate fresh long position only if ICICI Bank exceeds above Rs 1090 levels with fixed stop-loss.

Infosys

Fresh short position can be initiated if the counter fails to move beyond Rs 2900 levels with tight stop-loss.

L&T

Utilize rallies to sell the stock with tight stop-loss at Rs 1558 levels.

ONGC

Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 309 levels.

Reliance Industries

The near-term stance is bearish for RIL. We recommend a sell in the stock with tight stop-loss at Rs 963 levels.

SBI

Initiate fresh short position only if SBI declines below Rs 2600 levels with stiff stop-loss.

Tata Motors

We reiterate our prior view that fresh long position can be initiated only if Tata Motors climbs above Rs 1200 levels with stiff stop-loss.

Tata Steel

Fresh short position can be initiated if the stock fails to move above Rs 596 with tight stop-loss.

Nifty Futures

In the last trading session Nifty Futures was choppy and formed a spinning top candlestick pattern signalling indecisiveness. Desist trading in Nifty Futures for the session.

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Published on May 10, 2011
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