Stocks

Day Trading Guide

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

DTG23

DLF

Utilise rallies to sell the stock with tight stop-loss at Rs 235 levels.

ICICI Bank

We recommend a buy in the stock with stiff stop-loss at Rs 1,015 levels.

Infosys

The stock was volatile and formed doji candlestick pattern in the last trading session indicating neutral stance. Desist trading in the stock for the session.

L&T

We recommend a sell the counter with tight stop-loss at Rs 1,630 levels.

ONGC

Make use of dips to buy the stock while maintaining fixed stop-loss at Rs 267 levels.

Reliance Industries

In line with our prior view, the stock moved higher on Tuesday. The stock gained three per cent accompanied with extraordinary volumes, and currently testing key resistance around Rs 1,000. Fresh long position is recommended only if RIL climbs above Rs 1,000 with tight stop-loss.

SBI

Negating our prior view, the stock slipped in the last trading session. It declined 2.3 per cent. Initiate fresh short position if the stock declines further below Rs 2,705 levels with tight stop-loss.

Tata Motors

Initiate fresh long position only if Tata Motors bounces up from Rs 1,112 levels with tight stop-loss.

Tata Steel

Utilise rallies to sell the stock while maintaining fixed stop-loss at Rs 633 levels.

Nifty Futures

Fresh long position can be initiated only if Nifty Futures moves beyond 5,510 levels with stiff stop-loss.

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Published on February 22, 2011
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