Stocks

Day Trading Guide

| Updated on: Jul 17, 2012
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DLF: The near-term stance is bearish for the stock. We recommend a sell in the stock with stop-loss at Rs 205.

ICICI Bank: Initiate fresh long position with stiff stop-loss only if the stock climbs beyond Rs 935.

Infosys: Fresh long position is recommended with fixed stop-loss only if the stock advances beyond Rs 2,195.

L&T: Fresh short position can be initiated with stiff stop-loss only if the stock reverses down from Rs 1,392.

ONGC: Initiate fresh short position with stiff stop-loss if ONGC dives below Rs 282.

Reliance Industries: We recommend a sell in the stock while maintaining fixed stop-loss at Rs 228.

SBI: Initiate fresh short position with tight stop-loss only if SBI falls below Rs 2,180 levels.

Tata Motors: Near-term outlook is negative for the stock. We recommend a sell in the stock with tight stop-loss at Rs 228.

Tata Steel: Fresh short position is recommended with stiff stop-loss only if the stock declines below Rs 402.

Nifty Futures: Fresh short position can be initiated with tight stop-loss only if Nifty Futures slips below 5,160 levels.

Published on July 17, 2012

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