Stocks

Day Trading Guide

Yoganand D. | Updated on August 16, 2011 Published on August 16, 2011

DTG17

DLF

DLF tumbled six per cent with good volumes on Tuesday. We recommend a sell in the stock with tight stop-loss at Rs 194 levels.

ICICI Bank

Fresh long position can be initiated with stiff stop-loss only if the counter reverses higher from Rs 925 levels.

Infosys

Initiate fresh long position with stiff stop-loss only if the stock jumps above Rs 2,410 levels.

L&T

Fresh short position can be initiated with stiff stop-loss if the stock fails to move beyond Rs 1,637 levels.

ONGC

We recommend a sell in ONGC with tight stop-loss at Rs 277 levels.

Reliance Industries

We reiterate our previous view that fresh long position can be initiated with tight stop-loss if the stock bounces up from Rs 750 levels.

SBI

Initiate fresh long position with stiff stop-loss only if SBI advances beyond Rs 2,220 levels.

Tata Motors

The near-term outlook is bearish for the stock. Make use of rallies to sell the stock while maintaining tight stop-loss at Rs 813 levels.

Tata Steel

Fresh long position is recommended with fixed stop-loss only if Tata Steel rebounds from Rs 463 levels.

Nifty Futures

Initiate fresh short position with tight stop-loss only if Nifty Futures fails to climbs beyond 5,065 levels.

(The analysis and opinion expressed in these columns are based on the technical analysis of the past price behaviour. The stop-loss level provided with the recommendation is important. The original view would stand negated if the stop-loss level is breached. There is a risk of loss in trading)

Published on August 16, 2011
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