Stocks

Day Trading Guide

Yoganand D. | Updated on December 22, 2011 Published on December 22, 2011

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DLF

Fresh long position can be initiated with tight stop-loss if the stock reverses upwards from Rs 193 levels.

ICICI Bank

On Thursday, the stock rose 3.5 per cent accompanied by above average volume. We re-affirm our buy recommendation in the stock.

Infosys

Fresh long position is recommended with stiff stop-loss only if the counter advances above Rs 2,735 levels.

L&T

We recommend a buy in the stock with stiff stop-loss at Rs 995 levels.

ONGC

We reiterate our buy recommendation in the stock with tight stop-loss at Rs 262 levels.

Reliance Industries

Initiate fresh long position with stiff stop-loss if the stock rebounds up from Rs 742 levels.

SBI

Fresh long position can be initiated with fixed stop-loss if SBI jumps above Rs 1,688 levels.

Tata Motors

As long as the stock trades above Rs 180 levels, its near-term stance stays positive. Fresh long position can be initiated with fixed stop-loss if the stock reverses higher from Rs 180 levels.

Tata Steel

Make use of dips to buy the stock while maintaining tight stop-loss at Rs 345 levels.

Nifty Futures

Nifty Futures added 37 points on Thursday. Initiate fresh long position with tight stop-loss if Nifty Futures rebounds up from 4,700 levels.



Published on December 22, 2011
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