Stocks

Day Trading Guide

Yoganand D. | Updated on April 18, 2011 Published on April 18, 2011

DTG19

DLF

The near-term outlook is bearish for DLF. We re-state our sell recommendation in the stock.

ICICI Bank

Makse use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,095 levels.

Infosys

Fresh long position can be initiated only if the counter moves above Rs 2,925 levels with stiff stop-loss.

L&T

On Monday, the stock fell 2.8 per cent forming a bearish engulfing candlestick pattern indicating bearishness. We recommend a sell in the stock with stiff stop-loss at Rs 1,700 levels.

ONGC

Initiate fresh long position only if ONGC bounces up from Rs 280 levels with stiff stop-loss.

Reliance Industries

The stock is experiencing selling pressure at higher levels. Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 1,024 levels.

SBI

Fresh short position can be initiated if the stock fails to move beyond Rs 2,779 levels with tight stop-loss.

Tata Motors

Initiate fresh short position if the stock drops below Rs 1,188 levels with fixed stop-loss.

Tata Steel

Tata Steel slipped almost three per cent with above average volume on Monday. We recommend a sell in the stock with tight stop-loss at Rs 619 levels.

Nifty Futures

As long as Nifty Futures trades below 5,790, the near-term stock stays bearish. We recommend a sell in Nifty Futures with stiff stop-loss at 5,790 levels.



Published on April 18, 2011
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