Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on October 30, 2012 Published on October 30, 2012

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DLF: Initiate fresh short position with tight stop-loss if the stock reverses down from Rs 202 levels.

ICICI Bank: We recommend a sell on ICICI Bank with fixed stop-loss at Rs 1,060 levels.

Infosys: Initiate fresh long position with stiff stop-loss if the stock rebounds up from Rs 2,340 levels.

L&T: Make use of rallies to sell the stock with fixed stop-loss at Rs 1,660 levels.

ONGC: We recommend a sell on the stock while maintaining tight stop-loss at Rs 275 levels.

Reliance Industries: Fresh short position can be initiated with tight stop-loss if the stock slips below Rs 790 levels.

SBI: Near-term outlook is bearish for SBI. It slumped 4.4 per cent with extraordinary volume on Tuesday. Make use of rallies to sell the stock while retaining fixed stop-loss at Rs 2,095 levels.

Tata Motors: The stock tumbled 3.5 per cent accompanied by above average volume, strengthening its bearish momentum in the previous trading session. We recommend a sell on the stock while maintaining tight stop-loss at Rs 251.

Tata Steel: Fresh short position can be initiated with stiff stop-loss if the stock fails to rally above Rs 398 levels.

Nifty Futures: On Tuesday, Nifty Futures fell more than one per cent with good volume. As long as it trades below 5,680, its near-term outlook stays bearish. We recommend a sell on Nifty Futures with tight stop-loss at 5,680 levels.

Published on October 30, 2012
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