Stocks

Day Trading Guide

Yoganand D. | Updated on August 08, 2011

dtg

DLF

The near-term outlook is bearish for DLF. We recommend a sell in the stock with tight stop-loss at Rs 200.

ICICI Bank

Fresh short position is recommended with tight stop-loss only if the stock dives below Rs 940 levels.

Infosys

In the last trading session, the stock fell 4.7 per cent with above average volumes. Fresh short position can be initiated with fixed stop-loss only if the stock fails to move above Rs 2,490 levels.

L&T

Initiate fresh long position with stiff stop-loss if the stock advances beyond Rs 1,650 levels.

ONGC

On Monday, the stock increased 2.3 per cent with above average volumes. Its near-term stance is positive. We recommend a buy in the stock with tight stop-loss at Rs 278 levels.

Reliance Industries

Initiate fresh long position with stiff stop-loss if RIL climbs above Rs 791 levels.

SBI

Fresh long position can be initiated with fixed stop-loss only if SBI reverses higher from Rs 2,200 levels.

Tata Motors

Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 855 levels.

Tata Steel

The stock tumbled four per cent accompanied by above average volumes in the last trading session. However, it is trading just above a key support level. Fresh long position can be initiated with tight stop-loss if the stock bounces up from Rs 497 levels.

Nifty Futures

Nifty Futures was volatile and fell 1.6 per cent on Monday. Initiate fresh long position with stiff stop-loss only if Nifty Futures moves beyond 5,175 levels.



Published on August 08, 2011

Follow us on Telegram, Facebook, Twitter, Instagram, YouTube and Linkedin. You can also download our Android App or IOS App.

This article is closed for comments.
Please Email the Editor