Stocks

Day Trading Guide

| Updated on: Jul 11, 2012

DLF: Fresh short position can be initiated with tight stop-loss if the stock fails to climb beyond Rs 213.

ICICI Bank: As long as the stock trades above Rs 923, its near-term view remains positive. We recommend a buy in the stock with fixed stop-loss at Rs 923.

Infosys: Fresh long position can be initiated with stiff stop-loss if the stock rebounds up from Rs 2,444.

L&T: Initiate fresh long position with stiff stop-loss only if the stock advances above Rs 1,443.

ONGC: Fresh short position is recommended with tight stop-loss if ONGC dives below Rs 276.

Reliance Industries: Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 737.

SBI: We restate that fresh long position can be initiated with tight stop-loss only if the stock climbs above its immediate resistance at Rs 2,240.

Tata Motors: Initiate fresh long position with stiff stop-loss if the counter rebounds up from Rs 238.

Tata Steel: We recommend a sell in the stock while maintaining fixed stop-loss at Rs 442.

Nifty Futures: Fresh short position is recommended with tight stop-loss only if Nifty Futures declines below 5,280.

Published on July 11, 2012

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