Day Trading Guide

BL25_DTG.eps

Nifty Futures: Initiate fresh long position with stiff stop-loss only if Nifty Futures climbs beyond 5,715.

DLF: The near-term outlook for the stock is bearish. Make use of rallies to sell the stock while maintaining fixed stop-loss at Rs 234 levels.

HDFC Bank: Fresh short position can be initiated with tight stop-loss if the stock declines below Rs 600 levels.

ICICI Bank: Initiate fresh long position with tight stop-loss only if ICICI Bank rallies above Rs 1,040.

Infosys: The stock is testing key support. Fresh short position is recommended with stiff stop-loss only if the stock drops below Rs 2,840 levels.

ITC: Initiate fresh short position with tight stop-loss if ITC falls below Rs 302.

Reliance Industries: Initiate fresh long position with stiff stop-loss only if RIL advances above Rs 820 levels.

SBI: Fresh short position can be initiated with fixed stop-loss if the stock fails to rally above Rs 2,100.

Tata Motors: As long as the stock trades below Rs 273, its near-term stance remains negative. We recommend a sell on the stock while maintaining tight stop-loss at Rs 273.

United Spirits: On Friday, the stock retreated 2.5 per cent witnessing selling pressure. Initiate fresh short position with stiff stop-loss if the stock declines below Rs 1,835.

Published on March 24, 2013

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