Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on November 15, 2017

DTG

DLF: Initiate fresh short position with stiff stop-loss if DLF fails to exceed above Rs 191.

ICICI Bank: Fresh long position can be initiated with tight stop-loss if the stock reverses higher from Rs 829.

Infosys: The near-term outlook stays positive as long as the stock hovers above Rs 2,387. We recommend a buy in the stock with stop-loss at Rs 2,387.

L&T: Initiate fresh short position with stiff stop-loss only if the stock declines below Rs 1,189.

ONGC: We recommend a buy in the stock with tight stop-loss at Rs 254.

Reliance Industries: Initiate fresh long position with fixed stop-loss if RIL rallies above Rs 712.

SBI: The stock was choppy and formed bearish doji star candlestick pattern indicating end of the stock's near-term up move. Fresh short position can be initiated with tight stop-loss only if the stock dives below Rs 2,100.

Tata Motors: Fresh long position is recommended with fixed stop-loss only if Tata Motors advances above Rs 280.

Tata Steel: Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 410.

Nifty Futures: In the last trading session, Nifty Futures was volatile and climbed six points. Fresh long position is recommended with tight stop-loss only if Nifty Futures jumps above 5,020 levels.

Published on May 29, 2012

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