Stocks

Day Trading Guide

Yoganand D. | Updated on June 23, 2011

DTG24

DLF

The stock was choppy and formed a spinning top candlestick pattern signalling indecisiveness in the last trading session. Desist trading in the stock for the session.

ICICI Bank

Fresh long position can be initiated if the stock reverses higher from Rs 1,018 levels with tight stop-loss.

Infosys

The near-term stance remains positive as long as the stock trades above Rs 2,752 levels. We recommend a buy in the stock with stiff stop-loss at Rs 2,752 levels.

L&T

Initiate fresh long position only if L&T moves beyond Rs 1,680 levels with tight stop-loss.

ONGC

We reiterate our buy recommendation in the counter with fixed stop-loss at Rs 260 levels.

Reliance Industries

On Thursday, RIL surged almost three per cent accompanied by average volumes. We recommend a buy in the stock with tight stop-loss at Rs 855 levels.

SBI

Initiate fresh long position only if SBI advances beyond Rs 2,182 levels with tight stop-loss.

Tata Motors

We re-state our buy recommendation in the stock with stiff stop-loss at Rs 935 levels.

Tata Steel

Fresh long position is recommended only if the counter climbs above Rs 565 levels with stiff stop-loss.

Nifty Futures

Initiate fresh long position only if Nifty Futures moves beyond 5,357 levels with tight stop-loss.

Published on June 23, 2011

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