Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on July 28, 2011 Published on July 28, 2011

DRG29

DLF

Initiate fresh short position with tight stop-loss if DLF slips below Rs 229 levels.

ICICI Bank

Desist trading in the stock for the session as its near-term stance is cautious.

Infosys

We recommend a sell in the stock with tight stop-loss at Rs 2,760 levels.

L&T

Fresh short position can be initiated with tight stop-loss if the stock reverses down from Rs 1,750 levels.

ONGC

We re-state our sell recommendation in ONGC with fixed stop-loss at Rs 280 levels.

Reliance Industries

The stock fell 2.7 per cent with above average volumes on Thursday and is currently testing key short-term support level. Initiate fresh short position with stiff stop-loss only if the stock declines below Rs 825 levels.

SBI

The near-term stance remains bearish as long as SBI hovers below Rs 2,375 levels. Utilise rallies to sell the stock with tight stop-loss at Rs 2,375 levels.

Tata Motors

Fresh long position can be initiated with fixed stop-loss only if the stock jumps above Rs 964 levels.

Tata Steel

Near-term outlook is negative for the stock. Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 574 levels.

Nifty Futures

Nifty Futures fell 55 points in the last trading session. Its near-term stance stays bearish as long as it trades below 5,525 levels. Fresh long position is recommended with tight stop-loss only if it advances above 5,525 levels.

Published on July 28, 2011
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