Stocks

Day Trading Guide

Yoganand D BL Research Bureau | Updated on June 19, 2011

DTGbl_19

DLF

Fresh long position is recommended only if the counter jumps above Rs 230 levels with tight stop-loss.

ICICI Bank

Utilize dips to buy the stock while maintaining stiff stop-loss at Rs 1016 levels.

Infosys

As long as the stock trades below Rs 2780 levels, the near-term stance stays bearish for the stock. Fresh short position can be initiated if the stock reverses down from Rs 2780 levels with stiff stop-loss.

L&T

Initiate fresh short position if the stock fails to move above Rs 1700 levels with tight stop-loss.

ONGC

Fresh short position can be initiated only if the stock dives below Rs 260 levels with fixed stop-loss.

Reliance Industries

Initiate fresh long position only if RIL moves beyond Rs 885 levels with tight stop-loss.

SBI

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 2180 levels.

Tata Motors

Fresh long position is recommended only if the counter climbs above Rs 995 levels with fixed stop-loss.

Tata Steel

On Friday, the stock jumped more than 3 per cent with an upward gap, experiencing buying interest. Fresh long position can be initiated if the stock reverses higher from Rs 564 with tight stop-loss.

Nifty Futures

Initiate fresh long position only if Nifty Futures bounces up from 5328 levels with stiff stop-loss.

Published on June 19, 2011

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