Stocks

Day Trading Guide

Yoganand D BL Research Bureau | Updated on October 29, 2012 Published on October 29, 2012

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DLF: Fresh short position is recommended with tight stop-loss only if DLF drops below Rs 199 levels.

ICICI Bank: Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 1,080 levels.

Infosys: Fresh short position can be initiated with tight stop-loss only if Infosys declines below Rs 2,310 levels.

L&T: Initiate fresh short position with stiff stop-loss if the stock fails to rally above Rs 1,700 levels.

ONGC: ONGC is testing its 200-day moving average. Initiate fresh short position with stiff stop-loss if the stock falls below Rs 272 levels.

Reliance Industries: Initiate fresh long position with fixed stop-loss only if RIL climbs above Rs 819 levels.

SBI: Fresh short position can be initiated with tight stop-loss if the stock slips below Rs 2,154 levels.

Tata Motors: On Monday, the stock fell by 1.8 per cent breaching its key immediate support level. Near-term outlook remains bearish as long as the stock trades below Rs 260. Make use of rallies to sell the stock with stiff stop-loss at Rs 260 levels.

Tata Steel: Initiate fresh short position with fixed stop-loss if the stock falls below Rs 396 levels.

Nifty Futures: Fresh short position is recommended with tight stop-loss only if Nifty Futures declines below 5,650 levels.

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Published on October 29, 2012
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