Stocks

Day Trading Guide

Yoganand D. | Updated on February 16, 2011

DTG

DLF

Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 246 levels.

ICICI Bank

Fresh short position can be initiated if the stock fails to rally above Rs 1,065 levels with stiff stop-loss.

Infosys

The stock is moving sideways in a narrow range. Fresh long position can be initiated only if the stock climbs beyond Rs 3,127 levels with tight stop-loss.

L&T

The near-term outlook is bullish for the counter. We recommend a buy in the counter with tight stop-loss at Rs 1,624 levels.

ONGC

Fresh long position is recommended only if ONGC exceeds above Rs 285 levels with fixed stop-loss.

Reliance Industries

The stock is pausing at current levels. Utilise dips to buy the stock while maintaining stiff stop-loss at Rs 928 levels

SBI

We recommend a buy in the stock with tight stop-loss at Rs 2,728 levels.

Tata Motors

The stock is still testing key resistance. We reiterate that fresh long position is recommended only if the stock moves above Rs 1,258 levels with rigid stop-loss.

Tata Steel

On Wednesday, the stock gained four per cent accompanied with extraordinary volume. We recommend a buy with tight stop-loss at Rs 630 levels.

Nifty Futures

Nifty Futures was volatile in the last trading session and added nine points. Initiate fresh long position only if Nifty Futures advances beyond 5,522 levels with stiff stop-loss.





Published on February 16, 2011

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