Stocks

Day Trading Guide

Yoganand D BL Research Bureau | Updated on July 04, 2011

DayTradingGuidebl_04

DLF

The stock jumped 6 per cent with good volumes on Monday. Its near-term outlook is bullish. We recommend a buy in the stock with tight stop-loss at Rs 228 levels.

ICICI Bank

Initiate fresh short position if the stock fails to move beyond Rs 1,113 levels with tight stop-loss.

Infosys

Fresh short position is recommended only if Infosys dives below Rs 2,920 levels with stiff stop-loss.

L&T

Fresh long position can be initiated only if the counter jumps above Rs 1,807 levels with fixed stop-loss.

ONGC

Initiate fresh long position if the stock advances above Rs 282 levels with tight stop-loss.

Reliance Industries

Fresh short position can be initiated only if RIL drops below Rs 855 levels with stiff stop-loss.

SBI

The near-term outlook remains positive as long as the counter trades above Rs 2,416 levels. We recommend a buy in the stock while maintaining stiff stop-loss at Rs 2,416 levels.

Tata Motors

Initiate fresh long position if the stock reverses higher with tight stop-loss at Rs 994 levels.

Tata Steel

Make use of rallies to sell the stock with tight stop-loss at Rs 605 levels.

Nifty Futures

Fresh long position can be initiated if Nifty Futures moves above 5700 levels with stiff stop-loss.

Published on July 04, 2011

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