Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on September 11, 2011

DTG12

DLF

Initiate fresh short position with tight stop-loss if DLF reverses down from Rs 204 levels.

ICICI Bank

The stock fell 2.5 per cent and formed a bearish engulfing candlestick pattern on Friday. We recommend a sell in the stock with stiff stop-loss at Rs 908 levels.

Infosys

Make use of rallies to sell the counter while maintaining stiff stop-loss at Rs 2287 levels.

L&T

Fresh short position is recommended with tight stop-loss only if the stock declines below Rs 1675 levels.

ONGC

Initiate fresh short position with fixed stop-loss only if ONGC fails to move beyond Rs 264 levels.

Reliance Industries

Experiencing selling pressure the stock fell 3 per cent with above average volume on Friday. Fresh short position can be initiated with fixed stop-loss if RIL slips below Rs 812 levels.

SBI

We recommend a sell in SBI with tight stop-loss at Rs 2050 levels.

Tata Motors

Fresh short position can be initiated with tight stop-loss if Tata Motors drops below Rs 148 levels.

Tata Steel

Utilise rallies to sell the stock while maintaining stiff stop-loss at Rs 484 levels.

Nifty Futures

Nifty futures fell 102 points in the last trading session. Initiate fresh short position with stiff stop-loss only if Nifty Futures fails to move beyond 5100 levels.

Published on September 11, 2011

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