Stocks

Day Trading Guide

| Updated on February 21, 2011 Published on February 21, 2011

DTG22

DLF

Initiate fresh long position only if DLF advances above Rs 238 levels with tight stop-loss.

ICICI Bank

Fresh short position can be initiated only if the counter slips below Rs 1,025 levels with tight stop-loss.

Infosys

Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 3,140 levels.

L&T

The stock was volatile and formed a doji candlestick pattern in the last trading session signalling neutral stance. Avoid trading in the stock for the day.

ONGC

Initiate fresh long position only if ONGC climbs above Rs 284 levels with tight stop-loss.

Reliance Industries

Experiencing buying interest the stock advanced two per cent with above average volume on Monday. We recommend a buy in the stock with tight stop-loss at Rs 940 levels.

SBI

Near-term outlook is bullish for the stock. We recommend a buy in the stock with stop-loss at Rs 2,765 levels.

Tata Motors

In the last trading session, the stock fell three per cent accompanied by above average volumes. Initiate fresh short position if the stock fails to move above Rs 1,180 levels with fixed stop-loss.

Tata Steel

Fresh long position is recommended only if Tata Steel surges above Rs 648 with stiff stop-loss.

Nifty Futures

Taking support at intra-day low of 5,411, Nifty Futures bounced up sharply, gaining 74 points on Monday's trading session. Initiate fresh long position if Nifty Futures rallies above 5,566 levels with tight stop-loss.

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Published on February 21, 2011
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