Stocks

Day Trading Guide

Yoganand D. BL Research Bureau | Updated on January 28, 2013 Published on January 28, 2013

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DLF: The near-term outlook remains bullish as long as the stock trades above Rs 264 levels. We reaffirm our buy recommendation in the stock with stiff stop-loss at Rs 264.

ICICI Bank: The stock is facing resistance at Rs 1,200 levels. Initiate fresh long position with fixed stop-loss if the stock exceeds above Rs 1,200 levels.

Infosys: Initiate fresh short position with tight stop-loss if the stock declines below Rs 2,796 levels.

L&T: Fresh long position can be initiated with stiff stop-loss if the stock rebounds up from Rs 1,580 levels.

ONGC: Make use of rallies to sell the stock while maintaining stiff stop-loss at Rs 339 levels.

Reliance Industries: Initiate fresh short position with tight stop-loss only if the stock drops below Rs 890 levels.

SBI: Initiate fresh long position with fixed stop-loss only if the stock advances above Rs 2,513 levels.

Tata Motors: Following a minor up move, the stock is facing key resistance at Rs 310. Fresh long position is recommended with tight stop-loss only if the stock jumps above Rs 312 levels.

Tata Steel: Initiate fresh long position with fixed stop-loss if Tata Steel reverses up from Rs 401 levels.

Nifty Futures: Fresh long position can be initiated with stiff stop-loss if Nifty Futures advances beyond 6,100 levels.

Published on January 28, 2013
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