Stocks

Day Trading Guide

Yoganand D. | Updated on March 16, 2011

DTG17

DLF

Initiate fresh short position if the stock drops below Rs 221 levels with tight stop-loss.

ICICI Bank

Fresh long position can be initiated only if ICICI Banks exceeds above Rs 1,040 levels with stiff stop-loss.

Infosys

Make use of dips to buy the stock while maintaining stiff stop-loss at Rs 3,008 levels.

L&T

We recommend a sell in the stock with tight stop-loss at Rs 1,555 levels.

ONGC

Fresh short position can be initiated if the counter fails to move above Rs 277 levels with fixed stop-loss.

Reliance Industries

Initiate fresh short position only if RIL dives below Rs 1,030 levels with tight stop-loss.

SBI

Though the stock surged three per cent on Wednesday, it is facing key resistance at Rs 2,664 levels. Initiate fresh long position only if the stock climbs above this level with tight stop-loss.

Tata Motors

Fresh long position is recommended only if Tata Motors moves beyond Rs 1,180 levels with stiff stop-loss.

Tata Steel

Fresh long position can be initiated if the stock bounces up from Rs 590 levels with stiff stop-loss.

Nifty Futures

In the last trading session, Nifty futures advanced 1.4 per cent experiencing buying interest. Fresh long position can be initiated only if Nifty Futures breaches its 50-day moving average at 5,568 levels with tight stop-loss.

Published on March 16, 2011

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