Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on March 31, 2011

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DLF

Initiate fresh short position only if DLF declines below Rs 260 levels with tight stop-loss.

ICICI Bank

Fresh short position can be initiated if ICICI Bank reverses from Rs 1,126 levels with stiff stop-loss.

Infosys

The near-term outlook is bullish for Infosys. We recommend a buy with stiff stop-loss at Rs 3,210 levels.

L&T

We reiterate our prior view that fresh short position can be initiated if the stock drops below Rs 1,638 levels with tight stop-loss.

ONGC

We recommend a buy in the counter with stop-loss at Rs 285 levels.

Reliance Industries

Make use of dips to buy RIL while maintaining fixed stop-loss at Rs 1,033 levels.

SBI

Witnessing selling pressure the stock tumbled three per cent, forming a bearish engulfing candlestick pattern in the last trading session. We recommend a sell in the stock with tight stop-loss at Rs 2,792 levels.

Tata Motors

Fresh short position is recommended only if the counter dives below Rs 1,230 levels with stiff stop-loss.

Tata Steel

Initiate fresh long position only if Tata Steel climbs above Rs 629 with stiff stop-loss.

Nifty Futures

Nifty Futures is experiencing selling pressure at higher levels. Fresh short position can be initiated only if it fails to move beyond 5,870 levels with tight stop-loss.

Published on March 31, 2011

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