Day Trading Guide

Yoganand DBL Research Bureau Updated - May 26, 2011 at 10:46 PM.

DTG

DLF

The stock increased three per cent with above average volume, experiencing buying interest in the last trading session. Utilise dips to buy the stock with tight stop-loss at Rs 212 levels.

ICICI Bank

Fresh long position can be initiated if the stock moves beyond Rs 1,035 levels with fixed stop-loss.

Infosys

We reiterate our sell recommendation in the stock with tight stop-loss at Rs 2,797 levels.

L&T

Initiate fresh long position only if L&T climbs above Rs 1,652 levels with tight stop-loss.

ONGC

On Thursday, the stock jumped four percent accompanied by above average volumes. We recommend a buy in the stock with stiff stop-loss at Rs 270 levels.

Reliance Industries

Fresh long position can be initiated if RIL reverses upwards from Rs 920 levels with fixed stop-loss.

SBI

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2,165 levels.

Tata Motors

Fresh long position is recommended only if the counter surges above Rs 1,178 levels with stiff stop-loss.

Tata Steel

Initiate fresh long position only if Tata Steel advances above Rs 580 levels with stiff stop-loss.

Nifty Futures

Initiate fresh short position if Nifty Futures faces difficulty in moving beyond 5,445 levels with tight stop-loss.

Published on May 26, 2011 17:16