Stocks

Day Trading Guide

Yoganand D. | Updated on May 16, 2011

DTG17

DLF

Initiate fresh short position if DLF slips below Rs 222 levels with tight stop-loss.

ICICI Bank

Fresh short position can be initiated if the stock reverses down from Rs 1,072 levels with stiff stop-loss.

Infosys

We reiterate our sell recommendation in the stock with tight stop-loss at Rs 2,867 levels.

L&T

Initiate fresh short position if the stock fails to advance above Rs 1,530 levels with fixed stop-loss.

ONGC

We recommend a sell in ONGC with tight stop-loss at Rs 303 levels.

Reliance Industries

Initiate fresh short position only if RIL declines below Rs 933 levels with stiff stop-loss.

SBI

The near-term outlook is bearish for SBI. We recommend a sell in the stock while maintaining stiff stop-loss at Rs 2,637 levels.

Tata Motors

Initiate fresh long position only if the counter moves beyond Rs 1,230 levels with fixed stop-loss.

Tata Steel

As long as Tata Steel trades below Rs 585, the near-term stance remains bearish. We recommend a sell in the stock with tight stop-loss at Rs 585 levels.

Nifty Futures

On Monday, Nifty Futures declined 1.26 per cent experiencing selling pressure. Fresh short position can be initiated if Nifty Futures dives below 5,447 levels with tight stop-loss.



Published on May 16, 2011

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